Brussels municipal deficits narrow to two in 2026, but fiscal outlook worsens

Belfius annual analysis shows only two of 18 Brussels municipalities (excluding Saint-Josse-ten-Noode under guardianship) run budget deficits in 2026, down from four in 2025 and ten in 2024. However, the report warns of a difficult financial future due to reforms in unemployment, police zones, and other areas, indicating structural pressures persist despite short-term improvement.