Increased Financial Flexibility for Local Governments Until 2029
A new law introduces temporary changes to financial rules for municipalities, districts, and regions. It allows them greater flexibility in managing budgets and debt until 2029, potentially impacting investment capacity and public service maintenance.
Key points
Local governments can temporarily (until 2029) calculate their revenues and debt limits under new rules that provide more flexibility.
Income from asset sales and certain other revenues can be included in financial calculations.
Exceeding standard debt limits is possible, provided total debt does not exceed 100% of planned revenues (with adjustments) and does not jeopardize public service delivery.
Regional audit chambers will assess whether increased local government debt threatens the provision of public services.
96%
VOTING RESULTS
2024-11-08
For
434
Against
1
Abstain
17
Status:
Enacted
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