Belgrade: New elections costly
New elections at Belgrade local level could end up costing the tax payer more than EUR 1.5mn.
Tuesday, 15.07.2008.
09:23
New elections at Belgrade local level could end up costing the tax payer more than EUR 1.5mn. Should the current crisis in the capital force a new round of elections, it will further drain the city coffers. Belgrade: New elections costly Financing the members and deputies of the electoral committees alone would cost almost EUR 900,000, while the parties would also each receive around EUR 320,000 from the city budget. “Elections will be inevitable if a local government is not formed by the end of the summer. Belgrade would then have a temporary administration, and under the law, new elections might not take place until February,” says Marko Blagojevic from the Center for Free Elections and Democracy. Blagojevic said that it was still too early to say what the balance of forces would be after those elections or who would benefit most. "This kind of situation could be most costly from the point of view of foreign investment. No-one will invest money when tomorrow the whole situation could change and their money could come into question," explains Milan Culibrk from ekonomist magazine, adding that "there can be few winners in this kind of situation." It means that the city’s numerous problems, such as that of housing, cannot be solved. Culibrk adds that in economic terms, new elections are better than the current uncertainty.
Belgrade: New elections costly
Financing the members and deputies of the electoral committees alone would cost almost EUR 900,000, while the parties would also each receive around EUR 320,000 from the city budget.“Elections will be inevitable if a local government is not formed by the end of the summer. Belgrade would then have a temporary administration, and under the law, new elections might not take place until February,” says Marko Blagojević from the Center for Free Elections and Democracy.
Blagojević said that it was still too early to say what the balance of forces would be after those elections or who would benefit most.
"This kind of situation could be most costly from the point of view of foreign investment. No-one will invest money when tomorrow the whole situation could change and their money could come into question," explains Milan Ćulibrk from ekonomist magazine, adding that "there can be few winners in this kind of situation."
It means that the city’s numerous problems, such as that of housing, cannot be solved. Ćulibrk adds that in economic terms, new elections are better than the current uncertainty.
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