Fiscal policy - Central European Times

The Great Tax Overhaul of Hungary

2 min read Hungary, Tax reform, Peter Magyar, Fiscal policy, Wealth tax, State budget, Economy, Tisza Party, V4

This Monday, Hungarian Prime Minister Péter Magyar made significant announcements on 6th October via video message regarding Hungary’s tax system.

Debt brakes and vetoes: Slovakia, Czechia and Poland test their fiscal limits

4 min read Slovakia, czechia, Poland, defence spending, Fiscal policy, State budget

Slovakia, Czechia and Poland are all writing 2027 budgets that push against their own debt and deficit limits. Defence is the obvious culprit, but weak growth, the energy shock and rising interest bills are doing just as much damage.

Romania once again in political turbulence: three options remain for Nicușor Dan

3 min read Romania, Nicusor Dan, Siegfried Mureșan, political crisis, EU funds, Fiscal policy, PNL, PSD, USR, UDMR

Romania is facing a political crisis, with the stakes now extending to fiscal stabilisation and access to EU funds.

Czech Chamber overrides Pavel’s veto, clears way for looser fiscal rules

1 min read Czech Republic, Fiscal policy, State budget, Petr Pavel, Presidential veto, Central Europe, V4

The Czech Chamber of Deputies overrode President Petr Pavel's veto of a fiscal-rules omnibus bill clearing the way for a law that lets the government exceed budget ceilings on defence and infrastructure spending through 2036, a move the opposition says it will challenge at the Constitutional Court.

Prague's budget war: a new chapter of castle and government struggle

3 min read Czech Republic, Petr Pavel, Andrej Babis, State budget, Fiscal policy, Presidential veto, Budget deficit, Central Europe, V4

The Czech Chamber is due to vote on overriding the President's veto of a fiscal-rules bill on 25 August. Not just defence spending is at stake, but the next presidential election, where the President is increasingly viewed by the Czech public as the head of the opposition.