Balanced Budget or Small Government, Part II
The only way for a government to be fiscally responsible is to transform government in the image of national conservatism. Hungary offers a good example of how to do it.
The only way for a government to be fiscally responsible is to transform government in the image of national conservatism. Hungary offers a good example of how to do it.
Europe’s conservatives want to be fiscally responsible, but they need to become bolder and address the root cause of government deficits and debt.
Most EU members demand more clarification, increased defense funds, or settling old scores before granting the Commission’s request for extra contributions, while the most frugal ones simply reject the idea altogether.
The proposed budget cuts would affect all government departments except defense, labor, and welfare.
Poland promises to veto the migrant relocations, Hungary questions Brussels’s extra-budgetary requests, and others keep worrying about the possibility of a resurgent Wagner coming out of Belarus. All in one day.
Americans for Tax Reform have a new spending reform project. Will it work? Is it ‘conservative enough’? We have the analysis.
Ukraine will receive the biggest share in “financial support with loans and guns,” Budget Commissioner Johannes Hahn said, adding that in the future, the EU “will have to pay more on our global interests.”
Balancing geopolitical ambitions with budgetary realities, the EU not only keeps existing foreign missions but also tries to add new ones, while calling for 40% female participation and 100% member state-funded personnel.
The more a tax system relies on financial markets, the more volatile and unpredictable those tax revenues will become. There is no doubt that the U.S. government is experiencing that in real time in 2023.
The first target of the Hungarian parliament’s adopted budget is to sustain the regulated utilities price scheme, the second is to strengthen its military defense.
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