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24 Jun 20
Covid-19 has more than doubled South Africa’s projected consolidated budget deficit, the country’s finance minister said, as he delivered a special adjustment budget to deal with the virus.
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23 Jun 20
Japan will not change its target to return to a budget surplus by 2025, despite its huge fiscal efforts to counter the impact of Covid-19, its finance minister has said.
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16 Jun 20
No new taxes have been levied to deal with the public finance toll of Covid-19 in Pakistan’s new budget, in which the government outlined a huge stimulus package and a sizeable hike in defence...
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2 Jun 20
Budget transparency is more important than ever amid the Covid-19 pandemic, but most governments fail to reach a decent standard of openness, an expert and advocate for accountability has told PFF.
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2 Jun 20
Treasury management is a fast-moving and ever-changing discipline. Understanding the environment that you are operating in and developing an effective strategy is essential to identifying and...
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28 Apr 20
Emmanuel Macron’s “expensive” response to the ‘yellow vest’ movement is partly to blame for France’s public deficit rising in 2019, the country’s court of auditors has found.
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15 Apr 20
As coronavirus stress-tests our business continuity plans, we stand to learn valuable lessons – not least on the law of unintended consequences, argues AAT president John Thornton.
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2 Apr 20
The coronavirus crisis has shown the EU’s fiscal rules to be in immediate need of reform, senior economists at Finland’s national audit office have claimed.
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30 Mar 20
There are many different methods for setting budgets, but two of the most widely used are incremental budgeting and zero-based budgeting. Here we look at the advantages and disadvantages of each, and...
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11 Mar 20
Maintaining a robust strategy for investment with a framework of controls and policies to support day-to-day investment decisions is fundamental to successful treasury management. When investing...
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10 Mar 20
Nigerian senate has approved a $22.7bn external borrowing plan, set out by president Muhammadu Buhari.
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18 Feb 20
Russian senators have supported a bill that would support local governments to set up participatory budgeting schemes.
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6 Feb 20
The European Commission has begun the process of overhauling the EU’s fiscal rules that it imposes on member countries.
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30 Jan 20
Lebanon’s 2020 budget has been passed by its parliament, with politicians desperate to see off an economic crisis.
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24 Jan 20
President Trump’s protectionism is aggravating Latin America’s fiscal headache.
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24 Jan 20
New Zealand instituted a number of reforms in the 1980s and early 1990s that were radical by any international standards. Today they would be described as transformative. While they have by no means...
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24 Jan 20
Donald Trump’s pressure on Mexico to host asylum-seekers after his ‘expedited removal’ of 300,000 immigrants has dashed the country’s hopes of developing a progressive migration policy.
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14 Jan 20
Germany recorded its largest ever budget surplus in 2019, the ministry of finance has announced.
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9 Jan 20
South Korea has set a record budget for research and development, with the government hoping to enhance the economy and improve the lives of Koreans.
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8 Jan 20
Progressive taxation is one of several measures that could help reduce the inequality that has become entrenched in society worldwide, argues IMF managing director Kristalina Georgieva.
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7 Jan 20
Serbia has recorded four consecutive yearly budget surpluses for the first time in its history, with 2019’s its biggest ever, according to its minister of finance.
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17 Dec 19
The draft Portuguese budget projects the first fiscal surplus since the country’s transition to democracy 45 years ago.
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9 Dec 19
The Jordanian government has used its draft budget to introduce a stimulus package after three years of austerity.
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6 Dec 19
Pakistan has been given an emergency $1bn loan to help shore up its public finances and provide support to a slowing economy.
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4 Dec 19
Auditors have called on the EU to impose stronger rules on its member countries’ budgets, to avoid future financial crises.