Municipal Budgeting and Finance : Scaling Up Energy Efficiency in Buildings in the Western Balkans

Within the Western Balkans region, a secure and reliable energy supply is critical for sustainable economic growth. Expensive, imported energy and inefficient energy use place a huge burden on municipalities that require affordable and reliable infrastructure services to attract investment and provide services to their citizens. With energy prices projected to rise, service delivery costs will increase, further straining municipal budgets and disproportionally affecting poorer households. The ability of municipalities to adequately budget for and finance reductions in energy use thus will be a critical need in the years ahead. Saving energy can also help cities renew their building and infrastructure stock while helping to create employment opportunities, all paid for through the reductions in their energy bills. The municipal budget is the main financial planning document at the local level. It contains a list of municipal revenues and expenditures for the coming year, the latter of which are divided into operating and capital expenditures. Typically, municipal budgets are for a single year. This guidance note will review current policies and procedures for municipal budgeting and financing in the region, identify shortcomings, and present a 'road map' for improvement based on several proposed 'milestones.' These recommendations can help support capital investments for providing a variety of municipal services, not just those for Energy Efficiency, or EE.

Bibliographic Details

Main Author:	Network of Associations of Local Authorities in South-East Europe
Language:	English en_US
Published:	World Bank Group, Washington, DC 2014-05
Subjects:	ACCOUNTABILITY, ACCOUNTING, ACCOUNTING STANDARDS, ACCOUNTING SYSTEMS, AMORTIZATION, APPROACH, AUDITING, AUDITS, AVAILABILITY, BALANCE, BALANCE SHEETS, BENEFICIARIES, BORROWING, BUDGET REFORM, BUDGETARY AUTONOMY, BUDGETING, CAPACITY BUILDING, CAPITAL EXPENDITURES, CAPITAL INVESTMENTS, CASH FLOW, CENTRAL GOVERNMENT BUDGETS, CITIES, CLIMATE CHANGE, CLIMATE CHANGE MITIGATION, CLIMATE PROTECTION, COLLATERAL, COMMERCIAL BANK, COMMERCIAL BANK LENDING, COMMERCIAL BANK LOANS, COMMERCIAL BANKS, CREDIT HISTORY, CREDIT LINES, CREDIT RATINGS, CREDITWORTHINESS, DEBT, DEBT LEVELS, DEBT SERVICE, DEBTS, DEFICITS, ECONOMIC GROWTH, EIB, ELECTRICITY, ELIGIBLE INVESTMENTS, EMPLOYMENT, ENERGY BILLS, ENERGY CONSUMPTION, ENERGY COST SAVINGS, ENERGY COSTS, ENERGY EFFICIENCY, ENERGY EFFICIENCY INVESTMENTS, ENERGY LOSSES, ENERGY MANAGEMENT, ENERGY PLANNING, ENERGY PRICES, ENERGY SAVINGS, ENERGY SUPPLY, ENERGY USE, EQUIPMENT, ESCROW, EXPENDITURE, FEDERAL BUDGET, FINANCES, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FINANCIAL PLANNING, FINANCIAL SUPPORT, FINANCING OF INVESTMENTS, FISCAL DECENTRALIZATION, FISCAL DECENTRALIZATION INDICATORS, FUEL, FUTURE LOAN, GOVERNMENT BUDGETS, GOVERNMENT REVENUE, GOVERNMENT REVENUES, GRANT PROGRAMS, GROSS DOMESTIC PRODUCT, HEAVY RELIANCE, INFORMAL CREDIT, INFORMATION DISSEMINATION, INSTRUMENT, INTEREST RATES, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCIAL INSTITUTION, INTERNATIONAL FINANCIAL INSTITUTIONS, INVESTING, INVESTMENT BANK, INVESTMENT FUNDS, INVESTMENT HORIZONS, INVESTMENT PROJECTS, INVESTMENT RATES, KEY PERFORMANCE INDICATORS, KILOWATT-HOUR, LAWS, LEGAL FRAMEWORK, LENDERS, LOAN, LOAN GUARANTEES, LOCAL CAPACITY, LOCAL COUNCILS, LOCAL GOVERNMENT, LOCAL GOVERNMENT EXPENDITURES, LOCAL GOVERNMENT REVENUE, LOCAL GOVERNMENT REVENUES, LOCAL GOVERNMENTS, LOCAL REVENUE, LOCAL REVENUE SOURCES, MANDATED EXPENDITURES, MINISTRIES OF FINANCE, MODEL CONTRACTS, MUNICIPAL, MUNICIPAL DEBT, MUNICIPAL DEVELOPMENT, MUNICIPAL FINANCING, MUNICIPAL FUNDS, MUNICIPAL INFRASTRUCTURE, MUNICIPAL INVESTMENT, MUNICIPAL INVESTMENTS, MUNICIPAL LOANS, MUNICIPAL SERVICES, MUNICIPALITIES, NATIONAL BANK, NATIONAL BUDGET, NATIONAL GOVERNMENTS, NATIONAL INVESTMENT, OPERATING COSTS, OPERATING EXPENDITURES, OPERATING EXPENSES, PENALTIES, PIPELINE, POWER, PRINCIPAL PAYMENTS, PRIVATE CAPITAL, PRIVATE SECTOR, PRIVATE SECTOR PARTICIPATION, PROVISIONS, PUBLIC, PUBLIC ASSETS, PUBLIC DEBT, PUBLIC FUNDS, PUBLIC INVESTMENT, PUBLIC INVESTMENTS, PUBLIC POLICIES, PUBLIC REVENUES, PUBLIC SERVICE, PUBLIC SERVICES, PUBLIC SPENDING, PUBLIC UTILITIES, RENEWABLE ENERGY, RENEWABLE ENERGY PROJECTS, REPAYMENT, REPAYMENTS, REPAYMENTS OF PRINCIPAL, RESERVE, RESERVE ACCOUNTS, RESERVES, REVENUE COLLECTION, REVENUE SOURCES, REVOLVING FUND, REVOLVING FUNDS, ROADS, SAVINGS, SAVINGS PAYMENTS, SUSTAINABLE ENERGY, TAX, TECHNICAL ASSISTANCE, TOTAL DEBT, TRANSACTION, TRANSACTION COSTS, TRANSPORT, WAGES, WASTEWATER TREATMENT, WATER SUPPLY,
Online Access:	http://documents.worldbank.org/curated/en/2014/05/19790362/scaling-up-energy-efficiency-buildings-western-balkans-municipal-budgeting-finance-guidance-note https://hdl.handle.net/10986/20045
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