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Faroe Islands municipalities lose seven million in revenue
Original: Kommunurnar missa sjey milliónir í inntøku - og landskassin sparir sjey milliónir Leinki: https:// dimma.fo/grein/kommun
Municipalities in the Faroe Islands are missing out on seven million kroner in income, while the national treasury saves the same amount. The figures have drawn attention locally because what one level of government loses is effectively what the other gains, highlighting the tight link between municipal finances and state budgets. Debate is focused on how the balance between the municipalities and the national treasury should be arranged.
Why now: The direct offset between municipal losses and national savings touches on an ongoing debate about financing and responsibilities between municipalities and the state.
Faroe Islands municipalitiesFaroe Islands national treasury
Evidence
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