Re: Saxony as a land of economic miracles

“Some cities and towns tend
to make the budget look more positive,
than he really is. There will be
fictitious income is recorded in order to
to present a balanced budget.
Expenditure already incurred is included in
carried forward to the following financial year.
The budget thus appears
balanced, shows a surplus
instead of a shortfall.”

Link to this article

http://www.pt-magazin.de/newsartikel/archive/2013/march/04/article/leserbriefe-zu-pt-magazin-12013.html

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Dr. Johannes Fiala Dr. Johannes Fiala

Dr. Johannes Fiala has been working for more than 25 years as a lawyer and attorney with his own law firm in Munich. He is intensively involved in real estate, financial law, tax and insurance law. The numerous stages of his professional career enable him to provide his clients with comprehensive advice and to act as a lawyer in the event of disputes.
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