Hungary’s Fiscal Council warns severe austerity needed after election-year spending binge Hungary will need a substantial fiscal adjustment equivalent to 1.7% of GDP in 2027 to return to the budgetary path agreed with the EU after consecutive budget overshoots.

Hungary will need a substantial fiscal adjustment equivalent to 1.7% of GDP in 2027 to return to the budgetary path agreed with the EU after consecutive budget overshoots. Bne IntelliNews #Hungary #FiscalPolicy #AusterityMeasures #EUBudget #EconomicAdjustment

Council adopts capital-borrowing policy tied to equalized assessed value, replacing informal $2M guideline Council voted to create a new ordinance linking annual capital borrowing to changes in the state's equalized assessed value, replacing a largely informal $2 million guideline; supporters said it adjusts capacity with real-world conditions while opponents urged caution about increasing borrowing.

The City Council has just adopted a groundbreaking capital-borrowing policy that aligns borrowing levels with real economic conditions, paving the way for more flexibility and fiscal discipline.

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#TwoRiversManitowocCounty #WI #CitizenPortal #EconomicAdjustment #FiscalDiscipline

Jenks City Council forecasts modest sales tax increase amid consumer spending pullback Jenks anticipates 0.5% sales tax growth, driven by new mall revenue despite overall decline.

Jenks officials are cautiously optimistic about a modest sales tax growth, thanks to a new mall, despite changing consumer spending patterns post-pandemic.

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#JenksTulsaCounty #OK #SalesTaxRevenue #CitizenPortal #EconomicAdjustment #CommunityNeed #JenksEconomy