The Great Tax Overhaul of Hungary
This Monday, Hungarian Prime Minister Péter Magyar made significant announcements on 6th October via video message regarding Hungary’s tax system.
State budget
A collection of 5 posts
Debt brakes and vetoes: Slovakia, Czechia and Poland test their fiscal limits
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.
Czech Chamber overrides Pavel’s veto, clears way for looser fiscal rules
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
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.
Defence spending is driving the Czech budget off course
Czechia's 2026 deficit is running nearly a full percentage point above what the outgoing Fiala government projected and the single largest reason is a defence-spending trajectory that Prime Minister Babiš campaigned against but has since chosen to continue.