Abraham: The municipalities before the financial collapse have no means for capital investments

The lack of strategic capital investments in municipalities, according to Ibrahimi, also because of the taking of means from private finishers, has had an extremely negative impact on the developmental prospects of municipalities.

The financial situation of municipalities has made it even more difficult to fail to implement the decision on paying off the government's work experience.

In addition to the millions of euros being taken from municipalities, mainly from capital investments, from private depositors due to collective contract failure, this year over 15m euros will be taken to municipalities for failing to implement the judicial decision on labour experience. This will be another blow for them. To avoid this, municipalities and the government have no good co-operation, no development projects with which the government would support municipalities, and also no good fiscal policies for municipalities, with which investments from the private sector would be promoted. So, municipalities, I'm saying about the same time, are in a state of collapse and unable to carry out capital projects”, Ibrahim said, in EURONT7, broadcast Periscope.

He has described the financial situation in the municipalities as very serious, and has said that it cannot afford their impact on local economic development.

If municipalities have competencies for a local road, for local infrastructure, water and sewers, without financial means they cannot be made. The municipalities have these competencies, so these are the opportunities of municipalities to influence local economic development and create better conditions for doing business. And if these capital investment tools are being taken from them, then they can't do anything to contribute to local economic development”, Ibrahim added. /Periscope/