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18 Aug 20
Denmark will tax banks and its richest citizens to pay for an early retirement scheme for physical labourers.
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18 Aug 20
Poor countries’ debt payments have reached their highest level since 2001, having grown by 115% in the past decade, new analysis has found.
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13 Aug 20
Higher funding needs from responding to Covid-19 along with declining oil sales will lead to greater sukuk issuance this year by the largest sovereign issuers, despite its decline as an overall share...
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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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21 Jul 20
EU leaders have agreed a “massive” €750bn Covid-19 recovery package to help the 27 member states’ economies bounce back after the pandemic.
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14 Jul 20
Urgent reforms could save the Algerian government $20bn by the end of the year, the country’s president has told ministers.
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10 Jul 20
More than 1bn rubles earmarked by the Russian government for cultural projects have been redirected to its reserves as the country battles the Covid-19 crisis.
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10 Jul 20
France must look to spending cuts rather than tax increases to help cap public debt during its economic recovery from the pandemic, the country’s central bank head has said.
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6 Jul 20
Sovereign wealth and pension funds should seek investments that couple financial returns with societal and environmental benefits, researchers from the Inter-American Development Bank have argued.
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3 Jul 20
Black Lives Matter protests show there is a fiscal element to social justice, and should force governments to think about how to involve marginalised people in budget-setting, a transparency...
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1 Jul 20
The Covid-19 pandemic has highlighted structural problems in the financial relationship between Pakistan’s federal and provincial governments, according to Muhammad Afnan Alam.
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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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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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5 Jun 20
Local governments in Finland are set to be given a higher share of corporation tax receipts than usual, to help them to continue to provide services amid the Covid-19 crisis.
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2 Jun 20
The shock of Covid-19 combined with years of declining foreign aid has left the Palestinian Authority with a “monumental task” to save its economy and protect its public finances, a World Bank...
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29 May 20
Ireland is in a position to avoid implementing post-coronavirus austerity measures to the scale it imposed after the global financial crisis, the country’s fiscal watchdog has said.
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22 May 20
The Covid-19 pandemic is having a huge impact on governments around the world. With many local governments struggling to find the money to continue to provide frontline services at a time when...
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22 May 20
The US spending watchdog has told the government it could save tens of billions of dollars by reducing overlap and duplication in its programmes.
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20 May 20
Indonesia is set to impose a 10% digital services tax on companies based overseas in the second half of 2020, as the government scrambles to fight the economic impact of the Covid-19 pandemic.
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28 Apr 20
The Russian government has been urged to spend half of its National Wealth Fund of saved oil and gas revenues to deal with the Covid-19 crisis.
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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 US House of Representatives has approved $484bn more of coronavirus relief measures, bringing the government’s total spending on fighting the crisis to almost $3trn.
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24 Apr 20
South African president Cyril Ramaphosa has announced a Covid-19 economic rescue package equivalent to 10% of his country’s GDP.
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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...