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Tuesday 5/2/2019
Geert Gielens

The budgetary situation of the local authorities in Flanders does not cause concern. Most municipalities recorded a surplus on their accounts at the end of last year and the municipal debt is also decreasing. A prudent spending policy axed at controlling the labour costs together with somewhat less investment spending are at the heart of this result. This being said, the future may be somewhat less rosy as rising pension costs and tax shift related lower municipal revenues are to be expected.