Ran 83 Million in Deficit – Took Out a Million-Dollar Loan for a Pedestrian Street
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Almost six out of ten municipalities ran a deficit last year, and 180 municipalities have limited financial room for action, according to an analysis from KS.
– There is no doubt that 2024 was a year of crisis for the municipal economy. And it is still strained in many municipalities, says KS chairwoman, Gunn Marit Helgesen.
Figures from the Norwegian Council of Ministers show that 206 municipalities had a deficit in 2024. This corresponds to 58 percent of the country's municipalities, and marks a clear increase from the previous year, when 157 municipalities had a negative result. In 2022, only 50 municipalities were in the red.
Almost six out of ten municipalities ran a deficit last year, and 180 municipalities have limited financial room for action, according to an analysis from KS.
New record: More municipalities in the red Almost six out of ten municipalities had a deficit last year, and 180 municipalities have limited financial room for maneuver, according to an analysis from the municipal organization KS. The municipalities fall under the red category at KS, and this is a doubling in the last two years. "The red category is the weakest, and indicates that the municipalities have limited financial room for maneuver," KS…
Almost six out of ten municipalities ran a deficit last year, and 180 municipalities have limited financial room for action, according to an analysis from KS.
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