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8 Mar 21
Kenya’s credit rating has been downgraded by ratings agency Standard & Poor's, despite the country having recently agreed a deal with the International Monetary Fund aimed at reducing its debt...
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18 Feb 21
Several countries in Latin America “will find it challenging” to reduce their deficit enough to get their debt back on a sustainable footing, according to ratings agency Fitch.
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12 Feb 21
US president Joe Biden’s plan to raise the minimum wage in the US would lift nearly one million people out of poverty, but would also result in a large increase to the budget deficit, a government...
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11 Feb 21
The Philippines hopes to secure $23.7bn in financing from external sources in 2021, to bridge its budget deficit and provide funds for “priority projects”, the Department of Finance has said.
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18 Jan 21
Canada will use “whatever fiscal firepower” is needed in its fight against the effects of Covid-19, but only in the short term, prime minister Justin Trudeau has said.
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14 Jan 21
Washington must step in to help New York with the largest budget deficit in its history to stop the need for “extraordinary negative measures”, the state’s governor has said.
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6 Jan 21
Ireland’s strong tax receipts led to the government running a lower than expected deficit in 2020, despite the huge spending to fight the effects of Covid-19.
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27 Nov 20
Incoming US president Joe Biden is to nominate former Federal Reserve head Janet Yellen as the first female secretary of the US Treasury, according to reports in America.
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10 Nov 20
US president-elect Joe Biden faces some of the worst economic conditions in 70 years, ratings agency Moody’s has warned.
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3 Nov 20
France must begin establishing its medium-term fiscal plans to ensure they are ready in time to help the country recover from Covid-19, the IMF has said.
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29 Oct 20
Government debt is set to rise for the next five years in South Africa, but officials hope to keep public finances sustainable by slashing the deficit, the country’s finance minister said while...
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23 Oct 20
The Omani Sultan has approved a medium-term fiscal plan in the hope of balancing the country’s public finances and decreasing its dependence on oil revenue.
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13 Oct 20
Auditors have urged France to cut spending on health insurance payments after projecting the social security system deficit will balloon by more than 20 times its size this year.
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6 Oct 20
The next Australian budget will see the government take on record amounts of debt, with treasurer Josh Frydenberg saying he wants to support businesses to keep people in jobs during and after the...
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14 Sep 20
The US has reached a record budget deficit of $3trn this year as the government fights the health and economic crises caused by Covid-19.
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31 Jul 20
Japan has pushed its budget surplus target back because of the impact Covid-19 has had on the government’s finances.
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24 Jul 20
Australia’s budget deficit is expected to reach $185bn (£103bn) in the current financial year as the government battles against the health and economic crisis caused by coronavirus.
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7 Jul 20
Indonesia’s government and central bank have agreed to a £32bn bond scheme to finance the country’s recovery efforts from the economic crisis caused by Covid-19.
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30 Jun 20
France should undertake an “in-depth review” of its public spending policies in order to rebuild its economy and stop government debt spiralling, the country’s state auditor has said.
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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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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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24 Apr 20
The fiscal deficit caused by the collapse of oil prices and the coronavirus pandemic could force Saudi Arabia to borrow about $26bn more than it planned this year, as well as draw down up to $32bn...
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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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6 Mar 20
Power cuts and poor performance by the state-owned power company Eskom are “killing the economy” of South Africa, an economist has told PFF after the country entered its second recession in two years.
8 Mar 21Kenya’s credit rating has been downgraded by ratings agency Standard & Poor's, despite the country having recently agreed a deal with the International Monetary Fund aimed at reducing its debt...
18 Feb 21Several countries in Latin America “will find it challenging” to reduce their deficit enough to get their debt back on a sustainable footing, according to ratings agency Fitch.
12 Feb 21US president Joe Biden’s plan to raise the minimum wage in the US would lift nearly one million people out of poverty, but would also result in a large increase to the budget deficit, a government...
11 Feb 21The Philippines hopes to secure $23.7bn in financing from external sources in 2021, to bridge its budget deficit and provide funds for “priority projects”, the Department of Finance has said.
18 Jan 21Canada will use “whatever fiscal firepower” is needed in its fight against the effects of Covid-19, but only in the short term, prime minister Justin Trudeau has said.
6 Jan 21Ireland’s strong tax receipts led to the government running a lower than expected deficit in 2020, despite the huge spending to fight the effects of Covid-19.
27 Nov 20Incoming US president Joe Biden is to nominate former Federal Reserve head Janet Yellen as the first female secretary of the US Treasury, according to reports in America.![Donald Trump and Joe Biden are the two main candidates for president in the 2020 US election [image: Shutterstock]](https://www.publicfinancefocus.org/sites/default/files/styles/pf_square/public/trump-biden-shutterstock_1724296963.jpg?itok=4JmS23o7 "Donald Trump and Joe Biden are the two main candidates for president in the 2020 US election [image: Shutterstock]")
10 Nov 20US president-elect Joe Biden faces some of the worst economic conditions in 70 years, ratings agency Moody’s has warned.
3 Nov 20France must begin establishing its medium-term fiscal plans to ensure they are ready in time to help the country recover from Covid-19, the IMF has said.
29 Oct 20Government debt is set to rise for the next five years in South Africa, but officials hope to keep public finances sustainable by slashing the deficit, the country’s finance minister said while...
23 Oct 20The Omani Sultan has approved a medium-term fiscal plan in the hope of balancing the country’s public finances and decreasing its dependence on oil revenue.
13 Oct 20Auditors have urged France to cut spending on health insurance payments after projecting the social security system deficit will balloon by more than 20 times its size this year.
6 Oct 20The next Australian budget will see the government take on record amounts of debt, with treasurer Josh Frydenberg saying he wants to support businesses to keep people in jobs during and after the...
14 Sep 20The US has reached a record budget deficit of $3trn this year as the government fights the health and economic crises caused by Covid-19.
31 Jul 20Japan has pushed its budget surplus target back because of the impact Covid-19 has had on the government’s finances.
7 Jul 20Indonesia’s government and central bank have agreed to a £32bn bond scheme to finance the country’s recovery efforts from the economic crisis caused by Covid-19.
24 Jun 20Covid-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.
28 Apr 20Emmanuel 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.
24 Apr 20The fiscal deficit caused by the collapse of oil prices and the coronavirus pandemic could force Saudi Arabia to borrow about $26bn more than it planned this year, as well as draw down up to $32bn...
2 Apr 20The 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.
6 Mar 20Power cuts and poor performance by the state-owned power company Eskom are “killing the economy” of South Africa, an economist has told PFF after the country entered its second recession in two years.
