Dear Sir or Madam,
The Organisation for Economic Co-operation and Development (OECD) and
the European Committee of the Regions (CoR) are conducting a survey for
subnational governments to share their views on the challenges they meet in
terms of public investment and the management of fiscal risks.
Subnational governments play a pivotal role in public investment,
accounting for over half of total public investment across the European Union.
As they confront the pressing challenges of the green and digital transitions,
alongside the demands of demographic change and fiscal pressures, effective
subnational investment is more vital than ever. Understanding the barriers that
subnational governments face in planning, financing and delivering
infrastructure projects is crucial to targeting policies to build investment
capacity. Ensuring that subnational governments have fiscal space to invest
requires effective management of fiscal risks, highlighting the need to assess
the fiscal risks currently confronting subnational governments, such as higher
than expected inflation or costs arising from natural disasters, and explore
the measures to strengthen financial resilience.
To make
your voice heard regarding those crucial matters, we thank you in advance for
taking part in our consultation:
