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Parliament relaxes budgetary rules for local and regional authorities

As part of the package of measures designed to tackle the effects of the economic crisis, parliament on Tuesday, February 17, approved a bill modifying budgetary rules for local and regional authorities.

As part of the package of measures designed to tackle the effects of the economic crisis, parliament on Tuesday, February 17, approved a bill modifying budgetary rules for local and regional authorities.

The bill is intended to allow local and regional authorities to use revenues from their capital budgets and money from past years to make up shortfalls in their ordinary budgets that will emerge due to income-tax modifications approved by parliament in response to the economic crisis, the TASR newswire wrote. TASR

Compiled by Zuzana Vilikovská from press reports
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