25% RULE
1. Concept a local government’s long-term debt should not be more than 25% of its annual budget, and any debt beyond the limit is considered excessive and may pose a potential threat because the government may encounter difficulty in paying the debt.
2. Technique for determining royalties, stating a party selling a product based on another party’s intellectual property must pay 25% of the gross profit generated from the sale before taxes. The rule is applicable to copyrights, patents, trademarks, and other kinds of intellectual property.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
