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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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16 Feb 21
Companies seeking government contracts in Saudi Arabia will need to set up regional headquarters in the country by 2024, an official has said.
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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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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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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
Economic recovery from Covid-19 will depend on renewed investment in education, the Asian Development Bank has told governments in the Asia Pacific region.
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15 Jan 21
The US will undertake huge spending as the Joe Biden presidency gets underway, the president-elect has said less than a week ahead of taking office.
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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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24 Nov 20
Arab countries’ disproportionate reliance on the sectors hit hardest by Covid-19 means they must continue their economic investment to avoid deepening the crisis, the IMF has said.
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24 Nov 20
After Covid-19, a potential shortening of supply chains, shrinking contracts and more rigorous due diligence could spell a rise in purchasing costs.
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20 Nov 20
Participatory budgeting can help marginalised communities respond to immediate local needs better than traditional public spending, a supporter of the concept has said after a US district funded a...
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19 Nov 20
More sustainable public procurement practices can help governments create more equal societies, alongside addressing environmental concerns and ensuring a resilient recovery from Covid-19, a report...
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19 Nov 20
Thiago Uehara outlines the important role public procurement can play in development, helping to create more equal and sustainable societies.
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11 Nov 20
The world’s major economies have been “moving in the opposite direction” from their climate commitments by continuing to fund fossil fuels during the pandemic, researchers have said.
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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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30 Oct 20
“Essential” support for companies and workers in the UK must continue if the economy is to recover from Covid-19 and meet the challenges of leaving the EU customs union and single market, the IMF has...
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28 Oct 20
Measures protecting jobs in Europe saved the continent from an even worse recession during the pandemic, the IMF has said, while warning that support should not be withdrawn prematurely.
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27 Oct 20
Hikes to corporation, income and wealth taxes in Spain’s draft 2021 budget underpin the government’s “progressive” approach to public finances, the country’s president has said.
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9 Oct 20
Richer countries need to increase public investment to revive the global economy from its worst crash in recent times, the IMF has said.
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11 Sep 20
Finland hopes to make public procurement more responsible, increasing its positive impact on the environment, society and the economy.
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8 Sep 20
Japan is set to spend 671.4bn yen (£4.86bn) from its emergency budget reserves to secure vaccines for Covid-19.
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7 Sep 20
Sweden plans to invest billions of kronor in healthcare and help for the elderly, along with giving local governments large cash boosts, as the country recovers from the Covid-19 pandemic.
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27 Aug 20
The Swedish Government is set to spend an “historic” SEK 100bn ($11.5bn) in its upcoming budget, in bid to help the country’s economic recovery from Covid-19.
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21 Aug 20
A £16bn pay rise for Brazilian civil servants has been blocked by the president and the government’s lower house, amid the country’s public finances suffering because of Covid-19.
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14 Aug 20
A $1trn impasse between the two main political parties is blocking the US government from agreeing its next tranche of Covid-19 stimulus.