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5 May 22
US president Joe Biden has boasted he will make an unprecedented reduction to the government deficit and pay down the national debt for the first time since 2016, taking aim at his predecessor Donald...
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4 May 22
New fiscal rules will underpin New Zealand’s “measured and balanced” return to government surpluses while allowing the south Pacific country to meet its massive infrastructure gap, according to its...
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28 Apr 22
Georgia’s land border with Russia and risk of military aggression is a credit negative for the former Soviet state and could impact future ratings, according to Moody’s.
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21 Apr 22
New Zealand’s strong resilience through Covid-19 means the nation is poised for continued growth in the coming years, according to ratings agency Moody’s.
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12 Apr 22
Ukraine’s finance minister has asked donors for immediate help to finance his government’s growing deficit caused by the Russian invasion.
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11 Apr 22
A strong rebound in tax revenues and consumer spending has seen the Israeli government record one of the strongest budgetary performances internationally, according to ratings agency Moody’s.
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29 Mar 22
US president Joe Biden has outlined budget plans including a tax on the very wealthiest Americans and “fiscal responsibility” through a $1.3trn reduction in the government deficit - a record for a...
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23 Mar 22
Kenya’s shrinking tax base and high debt burden have kept Kenya’s credit rating at risk of a downgrade, according to ratings agency Fitch.
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15 Mar 22
Palestinian authorities must adopt spending reforms to help solve a fiscal outlook which has been weakened further by Covid-19, according to the International Monetary Fund.
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4 Mar 22
Argentine authorities have agreed the details of a $45bn deal with the International Monetary Fund to restructure debt from its failed bailout.
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3 Mar 22
Better than expected tax revenues led to the Eurozone deficit undershooting forecasts in 2021, according to ratings agency Fitch.
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28 Feb 22
Brazil’s federal government reported its largest ever primary budget surplus in January after a surge in tax revenue, figures from the country’s Treasury show.
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25 Feb 22
South Africa has presented a 2022 budget with lower taxes and more ambitious debt targets after high commodity prices led to higher-than-expected revenue - but analysts have warned against over-...
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9 Feb 22
The post-pandemic economic recovery should become less reliant on government spending, Indonesia’s finance minister has told an investment conference.
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4 Feb 22
The Hungarian government must implement plans to balance its budget to help reduce the impacts of elevated inflation, according to the governor of its central bank.
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28 Jan 22
Japan will need to increase tax revenue to contend with major challenges such as its huge public debt and ageing population according to International Monetary Fund economists.
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18 Jan 22
The Netherlands is set to move away from its pre-pandemic trend of recording budget surpluses, according to analysts who have looked at the new coalition government’s spending plans.
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17 Jan 22
The Japanese government still officially aims to reach a balanced budget by 2025, despite the emergence of the Omicron variant of Covid-19.
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17 Jan 22
Turkey’s budget deficit reached a record high in December after a challenging month for the country’s currency was accompanied by rising prices.
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10 Jan 22
Malaysia needs to accelerate efforts to improve revenue generation, to help provide more fiscal space for public spending and debt interest costs, according to the World Bank Group.
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4 Jan 22
Germany’s new coalition government will give people and businesses “well over €30bn” of tax breaks while keeping the country tied to fiscal balance, its finance minister has said.
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22 Dec 21
China has underspent compared to its budget this year despite the economic recovery from Covid-19 slowing down.
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13 Dec 21
High oil prices will next year allow Saudi Arabia to post its first budget surplus since 2013, according to the government.
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22 Nov 21
The International Monetary Fund will resume a $6bn programme with Pakistan it paused in April, following negotiations that took more than a month to complete.
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12 Nov 21
South Africa’s finance minister has signalled that he will not boost welfare spending in next year’s budget despite recognising the part inequality played in devastating riots several months ago.