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Romania - Constanta Urban Development Program : Deliverable 4.1.1 - Financial Sustainability (Roumain)

This report serves as a key instrument in evaluating the municipality of Constanța’s main challenges and opportunities in managing its local budget. The main challenge that Constanța faces in terms of local budget management stems from the lack of predictability and stability in the central government’s decisions on funds’ allocations. Law. This report was delivered in May 2020 under the Reimbursable Advisory Services Agreement signed between the...
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