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12 Mar 21
A short-term world economic crisis is unlikely, despite world debt spiralling to $201trn at the end of last year – equal to 267% of global GDP, according to ratings agency Standard and Poor’s.
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9 Mar 21
The world economy is expected to grow by 5.6% this year, 1.4 percentage points higher than expected in December, dependent on vaccination progress, according to the OECD.
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8 Mar 21
Two experts take opposing stances on the merits of a targeted tax on the rich, following a UK Commission finding a one-off wealth tax would help the country recover from the pandemic.
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5 Mar 21
Negative interest rates achieved their desired effects of boosting growth and inflation, and are likely to continue being a policy option for central banks, a report from the IMF has said.
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2 Mar 21
The billions of dollars governments lose to tax abuse, corruption and money laundering could be used to fight the global challenges of our age, a UN panel has said.
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2 Mar 21
Working backwards from plausible visions of the future can help public sector finance directors navigate uncertain times. Dr Trudi Lang and Rafael Ramirez from the University of Oxford’s Saïd...
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26 Feb 21
Counter fraud specialist Laura Hough explains the importance of taking a forward look at corruption risks an organisation faces, and of developing a culture that makes it easier to do the right thing.
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25 Feb 21
The world’s richest countries borrowed a record $18trn from the markets in 2020, an OECD report into Covid-19’s effect on debt has found.
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23 Feb 21
Education budgets are being slashed in poorer countries as governments struggle to deal with Covid-19, a report has found.
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19 Feb 21
Covid-19 led public debt to a record high in 2020, as governments borrowed three times as much as they did the previous year while trying to fight the virus.
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9 Feb 21
State-owned oil companies risk wasting $400bn on oil and gas projects that will only break even if the world fails to meet the Paris agreement climate goals, according to a report from an NGO.
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9 Feb 21
As the world looks ahead towards the end of the Covid-19 crisis, whenever that might come, it is time to reflect on the role taxes can play in rebuilding our economies, argue Pascal Saint-Amans and...
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29 Jan 21
The new US administration is likely to cooperate with other countries in finding a solution to the issues around international corporation tax, German finance minister Olaf Scholz has said.
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29 Jan 21
In the wake of Covid-19, central banks are once again asking whether cutting interest rates below zero could provide a lifeline to struggling economies. Lawrie Holmes investigates.
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26 Jan 21
Global defence spending reached $1.93trn in 2020, after rising continuously for the past seven years, but a “noticeable slowdown” could be on the way as governments deal with the fallout of Covid-19.
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26 Jan 21
More efficient energy policies could generate revenue worth around 1% of GDP for developing countries, the OECD has claimed.
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15 Jan 21
Alastair Swarbrick outlines the issues faced by developing countries embarking on public financial management reform.
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12 Jan 21
Can governments relax about the need to repay their Covid-19 borrowing? Calum Rutter explores the arguments for and against Modern Monetary Theory in the context of the pandemic.
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6 Jan 21
Unprecedented stimulus measures taken by governments to fight the pandemic have changed the public perception of spending and debt, meaning sharp tax hikes or spending cuts would risk popular...
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17 Dec 20
A $28bn programme aimed at getting Covid-19 treatments and vaccines to low and middle-income countries would “pay itself off within 36 hours”, a World Health Organisation official has said.
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15 Dec 20
The global debt crisis is making it difficult for development banks to help countries through the pandemic, with money going to creditors rather than public services, the World Bank’s managing...
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14 Dec 20
Governments are facing one of the biggest ever challenges to their financial resilience because of the pandemic. Professor Ileana Steccolini outlines how the University of Essex and CIPFA are teaming...
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4 Dec 20
It is important that you are able to identify capital expenditure as there is a requirement for it to be treated differently to revenue expenditure within the accounts. Being able to distinguish...
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4 Dec 20
One-in-seven people worldwide could be left with less than $1.90 a day to live on in the wake of the economic crisis caused by Covid-19, a UN study has warned.
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4 Dec 20
Claire Schouten and Vivek Ramkumar from the International Budget Partnership give examples of how cooperation between spending watchdogs and civil society have brought benefits for people.