Tag #Municipal Finance

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t24.com.tr

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Apr 27, 01:15

Turkey's Unemployment at 12-Year Low Amidst Social Security Reforms

Turkey's unemployment rate dropped to 8.2%, the lowest in 12 years, while the government collected 128.2 billion lira in social security payments from municipalities and uncovered 9,000 fraudulent divorces used to obtain orphan benefits.

Turkey's Unemployment at 12-Year Low Amidst Social Security Reforms

Turkey's unemployment rate dropped to 8.2%, the lowest in 12 years, while the government collected 128.2 billion lira in social security payments from municipalities and uncovered 9,000 fraudulent divorces used to obtain orphan benefits.

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Decent Work and Economic Growth

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What are the most significant recent developments in Turkey's employment and social security landscape?

Turkey's unemployment rate has fallen to 8.2%, the lowest in 12 years, with 32,314,000 employed and 2,886,000 unemployed. The government has collected 128.2 billion lira in social security payments from municipalities, exceeding initial expectations. Additionally, 9,000 fraudulent divorces to obtain orphan benefits were detected, with legal action taken.

welt.de

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Mar 24, 16:09

Lower Saxony Shares Budget Surplus with Municipalities Amidst Financial Crisis

Lower Saxony's 2024 budget shows a surplus exceeding €1 billion, prompting a partial distribution to financially strained municipalities; however, municipal leaders seek structural changes and ongoing support beyond this one-time payment, particularly for veterinary services, receiving €40 million o...

Lower Saxony Shares Budget Surplus with Municipalities Amidst Financial Crisis

Lower Saxony's 2024 budget shows a surplus exceeding €1 billion, prompting a partial distribution to financially strained municipalities; however, municipal leaders seek structural changes and ongoing support beyond this one-time payment, particularly for veterinary services, receiving €40 million o...

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What is the immediate impact of Lower Saxony's budget surplus on its municipalities?

Lower Saxony, Germany, recorded a budget surplus exceeding €1 billion in 2024, with projections reaching €1.5 billion. This surplus will partially fund municipalities facing severe financial strain, a move supported by the state government but deemed insufficient by municipal associations.",

welt.de

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Jan 13, 19:09

Hamburg's Debt Reaches 2009 Low After €647.5 Million Repayment

Hamburg's debt fell to its lowest point since 2009, reaching €22 billion by December 31st, 2024, after a €647.5 million repayment, following a record €2.5 billion reduction in 2023. This is largely due to stable tax revenues and a long-term spending plan.

Hamburg's Debt Reaches 2009 Low After €647.5 Million Repayment

Hamburg's debt fell to its lowest point since 2009, reaching €22 billion by December 31st, 2024, after a €647.5 million repayment, following a record €2.5 billion reduction in 2023. This is largely due to stable tax revenues and a long-term spending plan.

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Reduced Inequality

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How did Hamburg achieve this significant debt reduction, and what were the contributing factors?

The city's improved financial position is attributed to stable tax revenues and a long-term spending plan implemented in 2011, which links spending to average past income. Surplus funds from strong economic periods allow for debt reduction, freeing financial resources for crucial investments.

theglobeandmail.com

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Dec 21, 16:08

Vancouver's Bitcoin Proposal Faces Provincial Rejection

Vancouver Mayor Ken Sim proposed that the city hold Bitcoin in its reserves, a suggestion rejected by the provincial minister due to pressing issues. Public understanding of cryptocurrency is low, with concerns over risk and scams, despite Bitcoin's price increase from about $300 ten years ago to ov...

Vancouver's Bitcoin Proposal Faces Provincial Rejection

Vancouver Mayor Ken Sim proposed that the city hold Bitcoin in its reserves, a suggestion rejected by the provincial minister due to pressing issues. Public understanding of cryptocurrency is low, with concerns over risk and scams, despite Bitcoin's price increase from about $300 ten years ago to ov...

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What are the underlying causes of both the enthusiasm for and skepticism towards Bitcoin as a financial asset?

Mayor Sim's proposal highlights a growing interest in cryptocurrency among some, particularly younger men, as a valuable and secure asset. This contrasts with significant public skepticism and concerns about its volatile nature and potential for criminal activity. The proposal's reception reflects a broader societal tension between embracing new technologies and managing associated risks.

nos.nl

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Dec 18, 01:09

Dutch Municipalities Threaten Legal Action Over Insufficient Government Funding

Dutch municipalities threaten legal action if the government doesn't provide more funding for youth care and other services; a €1.3 billion deficit is expected in 2026 due to government budget cuts, jeopardizing national housing plans.

Dutch Municipalities Threaten Legal Action Over Insufficient Government Funding

Dutch municipalities threaten legal action if the government doesn't provide more funding for youth care and other services; a €1.3 billion deficit is expected in 2026 due to government budget cuts, jeopardizing national housing plans.

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What are the immediate consequences if the Dutch government fails to provide sufficient funding to municipalities?

Dutch municipalities threaten legal action against the government for insufficient funding, particularly for youth care. Sharon Dijksma, chair of the Association of Netherlands Municipalities, warns that failure to receive adequate funds will prevent the government from achieving goals like building tens of thousands of affordable homes. The government's 2026 budget cuts of €2.5 billion to the municipal fund will create a €1.3 billion deficit.

nrc.nl

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Dec 5, 01:11

Dutch Municipalities Leave National Care Accord Over Funding Dispute

Dutch municipalities are leaving the National Care Accord (IZA) due to unmet financial promises for preventative care and the 2026 budget shortfall, jeopardizing the accord's future and leading to potential legal action and the loss of €150 million in IZA funds.

Dutch Municipalities Leave National Care Accord Over Funding Dispute

Dutch municipalities are leaving the National Care Accord (IZA) due to unmet financial promises for preventative care and the 2026 budget shortfall, jeopardizing the accord's future and leading to potential legal action and the loss of €150 million in IZA funds.

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What are the immediate consequences of Dutch municipalities withdrawing from the National Care Accord (IZA)?

Dutch municipalities are leaving the National Care Accord (IZA) due to unfulfilled financial promises. This threatens the accord's future and leaves 150 million euros in IZA funds at risk. The government is negotiating but the municipalities are preparing for legal action if additional funding isn't secured.

nos.nl

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Mar 27, 10:11

Dutch Municipalities Face €2.4 Billion Funding Cut, Threatening Services

Facing a €2.4 billion cut to the Gemeentefonds in 2024, Dutch municipalities are warning of a financial crisis, prompting a parliamentary debate where the government acknowledged concerns but offered no concrete solutions, potentially leading to legal action by local governments.

Dutch Municipalities Face €2.4 Billion Funding Cut, Threatening Services

Facing a €2.4 billion cut to the Gemeentefonds in 2024, Dutch municipalities are warning of a financial crisis, prompting a parliamentary debate where the government acknowledged concerns but offered no concrete solutions, potentially leading to legal action by local governments.

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What immediate actions will the Dutch government take to address the €2.4 billion cut to the Gemeentefonds and its impact on municipalities?

The Dutch government faces a €2.4 billion cut to the Gemeentefonds in 2024, leaving municipalities with a massive budget shortfall. This has prompted widespread concern, with local politicians describing the situation as a "cliff-edge year" due to rising costs and limited revenue-raising options for municipalities. The Minister of Home Affairs acknowledges the concerns but hasn't specified how much additional funding will be allocated.

pda.vrn.kp.ru

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Mar 19, 19:16

Voronezh Audit Chamber Uncovers 14.6 Billion Rubles in Municipal Violations

The Voronezh Audit Chamber's 2024 report, presented on March 18, 2025, revealed 14.6 billion rubles in municipal violations, mostly non-criminal, resulting from flawed procurement processes and other financial irregularities; corrective actions resolved 6.3 billion rubles in violations, with ongoing...

Voronezh Audit Chamber Uncovers 14.6 Billion Rubles in Municipal Violations

The Voronezh Audit Chamber's 2024 report, presented on March 18, 2025, revealed 14.6 billion rubles in municipal violations, mostly non-criminal, resulting from flawed procurement processes and other financial irregularities; corrective actions resolved 6.3 billion rubles in violations, with ongoing...

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What were the key findings of the 2024 Audit Chamber report in Voronezh, and what are the immediate implications for municipal finances?

The Voronezh City Duma's budget commission heard a report from the Audit Chamber chairwoman, Elena Litvinchuk, on March 18, 2025, detailing 28 audits, 180 expert analyses, and inspections of 350 municipal entities in 2024. The audits uncovered 14.6 billion rubles in violations, mostly non-criminal, including 950 million rubles in flawed municipal purchases.

faz.net

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Jan 6, 22:09

German Municipalities Demand Increased Funding Amidst Growing Financial Crisis

Representatives from Offenbach and 71 other German municipalities are demanding increased funding from the federal and state governments to cover mandated social welfare expenditures, warning of a financial crisis exacerbated by existing municipal debt and advocating for a change in the municipal fi...

German Municipalities Demand Increased Funding Amidst Growing Financial Crisis

Representatives from Offenbach and 71 other German municipalities are demanding increased funding from the federal and state governments to cover mandated social welfare expenditures, warning of a financial crisis exacerbated by existing municipal debt and advocating for a change in the municipal fi...

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What immediate financial challenges are facing Offenbach and other German municipalities, and what specific actions are they taking to address the situation?

The financial situation of Offenbach and other municipalities in Hesse, Germany, is worsening due to mandated expenditures imposed by the federal and state governments. Representatives from Offenbach and a coalition of 71 municipalities presented their demands to the Hessian Ministry of Economics, urging for sufficient funding to manage exploding social welfare costs, such as child welfare and integration aid, without resorting to expensive short-term loans.",

kathimerini.gr

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Dec 19, 16:12

Greece's Conditional Water Company Subsidy Sparks Controversy

Greece will allocate up to €200 million to cover overdue electricity bills for municipal water companies (DEYA), but 70% debt coverage requires absorption by EYDAP or EYATH or mergers, otherwise it's 30% for financially sound companies only, prompting backlash from DEYA's association.

Greece's Conditional Water Company Subsidy Sparks Controversy

Greece will allocate up to €200 million to cover overdue electricity bills for municipal water companies (DEYA), but 70% debt coverage requires absorption by EYDAP or EYATH or mergers, otherwise it's 30% for financially sound companies only, prompting backlash from DEYA's association.

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Affordable and Clean Energy

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How does Greece's proposed debt relief plan for DEYA companies aim to restructure the water sector?

This plan links financial aid to structural changes within Greece's water sector. The €200 million energy subsidy is conditional upon DEYA companies either merging or being absorbed by larger entities (EYDAP or EYATH), forcing consolidation within the sector.

t24.com.tr

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Dec 16, 19:13

Turkish Government Seizes Assets from Opposition Municipalities

Istanbul Mayor Ekrem İmamoğlu criticized the Turkish government's seizure of assets from at least six opposition-controlled municipalities, including Istanbul, Ankara, and İzmir, accusing the government of targeting municipalities providing essential services like community kitchens and student scho...

Turkish Government Seizes Assets from Opposition Municipalities

Istanbul Mayor Ekrem İmamoğlu criticized the Turkish government's seizure of assets from at least six opposition-controlled municipalities, including Istanbul, Ankara, and İzmir, accusing the government of targeting municipalities providing essential services like community kitchens and student scho...

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How does the government's justification for the seizures relate to the broader political context in Turkey?

İmamoğlu's criticism is rooted in the broader political context of rising tensions between the ruling AKP party and the opposition CHP, particularly regarding local governance and resource allocation. The government's justification for the seizures—alleged Social Security Institution (SGK) debt—has been challenged by İmamoğlu, who points out that the total debt of all municipalities is only 2.7% of SGK's 2024 projected revenue, questioning the proportionality of the response and the timing coinciding with recent electoral losses for the AKP. The government's actions are seen by İmamoğlu and the opposition as a reprisal against electoral success of CHP municipalities.

taz.de

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Nov 29, 01:47

German Cities Demand Increased Funding Amidst Coalition Collapse

The German Association of Cities calls on the federal government to improve municipal funding and finalize key projects, expressing concerns about the lack of funding and the potential negative impact on affordable housing, schools, and digitalization efforts.

German Cities Demand Increased Funding Amidst Coalition Collapse

The German Association of Cities calls on the federal government to improve municipal funding and finalize key projects, expressing concerns about the lack of funding and the potential negative impact on affordable housing, schools, and digitalization efforts.

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What immediate actions does the German Association of Cities demand from the federal government following the collapse of the coalition?

Following the German coalition government's collapse, the German Association of Cities (Deutscher Städtetag) urges the federal government to improve municipal funding and finalize key projects. This includes the Building Code reform, extending the rent cap, the Digital Pact 2.0 for schools, and funding for the energy transition.

Showing 13 to 24 of 24 results