Today was a rainy day, finally. I look out my window and see the city lights in the far distance, through the palette of raindrops, while reading some articles about the latest financial developments due to Covid-19. Well, an interesting view on the threshold of the near future, of tomorrow.
The predictions, to be frank, are worrisome for the coming years and more difficult after 2 years from now. I know the government can print new money very easily or borrow it relatively cheaply. It can spend budgets on all individuals, communities, civic organisations and companies which are in (desperate) need of support. We know all these spendings at the end will have to be refunded and paid back by citizens, companies and lower governments like municipalities. It is unavoidable to find new balance again. The awareness under public leaders, city managers, CFO’s and concern controllers is growing – “Houston, we have a problem” –, because cash registers are deflating rapidly.
Where a romantic late evening view with a good glass of wine can cross the thoughts on a new financial strategy for local government and the city. Same picture, two perspectives: that of home sweet home and the other one of the need for a sparkling and financial solid public strategy. A reflective mood.