Are We Ready to Go Cashless?
The benefits of cash over card payments are that the government has less control over your finances. There is no chance of data mining.
finances
Hungary and Taxing Taxes
The number thirteen is commonly recognized as an unlucky number. But for Hungarian businesspeople, the preceding number is worse, as the 12th is the deadline for paying taxes.
How Shakespeare’s Hamlet Teaches Us to Save Money
Just as the protagonist of Shakespeare’s drama gains the courage to take on justice in the course of the play, too must human agency and responsibility win in each of our inner struggles. This is the only way to ensure the sustainability of the pension system by reducing upward pressure on state benefits and allowing people themselves to recover a larger share of their incomes at a time when there will be no active sources of income at all.
New Draft State Budget for Poland: Larger Deficit Than in PiS Assumptions
The Donald Tusk’s government submitted a new draft state budget for 2024 to the Sejm on December 19, 2023. Following rejecting of the budget implementation act by the president, the government presented a new bill on special solutions for the implementation of the budgetary act for 2024.
206 Billion PLN – Real Budget Deficit at the End of 2023
The true budget deficit at the end of 2023 will amount to over 206 billion PLN. The budget debate taking place in Sejm is based on the draft budget, which does not show the full picture of state’s expenditures and revenues. Pursuant to the Public Finance Act, the management of public funds is open and transparent.
More Out-of-Control Funding in Poland: What Can Go Wrong?
In response to Russia’s invasion of Ukraine, the Polish Law and Justice government began to work on creating two new funds in the state-owned Bank Gospodarstwa Krajowego to finance “systemic aid” and additional military spending.
Estonian Finance Minister: Income Tax Should Be Reduced
“The income tax rate could be reduced to 13-15%, sending all income tax to local governments and reducing labor taxes” suggested the Minister of Finance Keit Pentus-Rosimannus (Reform) on Monday. Writing on social media, the minister said this move would help local governments to finance maintenance and care costs. She also wrote that Estonian labor taxes are too high while health care and social care costs need to be better funded in an aging society.
Unemployment Trap in Lithuania: Among the Highest in Europe
Prior to the crisis triggered by the COVID-19 outbreak, the Lithuanian economy had been enjoying a rapid growth. Yet, while the number of available jobs had been increasing, the number of unemployed had remained steadily high.
Financial and Economic (Il)Literacy among Young Slovaks
With a sample of 4,000 Slovak students, the Economics Olympiad revealed the most serious weaknesses in economic education of young people. Memorizing is believed to be a long-term problem, but knowledge useful only as a part of quiz shows remains a crucial element of the Slovak education system.
Two Thirds of Lithuanians Lack Economic Knowledge, Survey Reveals
As many as 81% of Lithuanians find their knowledge of economics insufficient. Making economic decisions at every step of the way, Lithuanians compare their understanding of economics to that of physics or political sciences, but find themselves less confident in economics than in computer literacy or mathematics.
