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8 Dec 20
Argentina will introduce a tax on the wealthiest 0.8% of its population to pay for its pandemic spending.
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1 Dec 20
The global economy is expected to grow by 4.2% next year, although performance will depend on how quickly Covid-19 vaccines are rolled out, according to the OECD.
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23 Nov 20
Two ratings agencies have downgraded South Africa’s credit rating further into junk status, in a “painful” move that will increase the country’s borrowing costs and likely lead to spending cuts or...
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20 Nov 20
Germany should not let its rising debt stop it from taking “vigorous policy action” to mitigate the economic effects of Covid-19, the IMF has said after a visit to the country.
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13 Nov 20
A framework to help highly indebted developing countries through the Covid-19 crisis has been agreed by G20 finance ministers, but campaigners have said it fails to create a permanent solution to the...
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13 Nov 20
Developing countries face a huge gap in the financing they would need this year to keep them on track for the 2030 Sustainable Development Goals, according to research from the OECD.
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12 Nov 20
The potential benefits of speedy Covid-19 vaccine purchases outweigh the significant public investment required and the risk of failures, the Inter-American Development Bank has said.
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6 Nov 20
The Malaysian government has presented an expansionary budget for 2021 as it attempts to steer its economy through the crisis caused by Covid-19.
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5 Nov 20
Countries that disrespect the rule of law and democracy risk losing access to EU funds, following a deal made between European Parliament and Council negotiators.
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5 Nov 20
A rare drop in corporation tax receipts in Ireland shows they cannot be relied upon in the future, the Irish finance minister has 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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2 Nov 20
An additional three million people are to benefit from Brazil’s basic income scheme after the World Bank approved $1bn to expand the programme to better support people affected by the pandemic.
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30 Oct 20
Governments must work together if they are to meet the challenges caused by digitalisation and ensure a strong economic recovery after Covid-19, a collection of OECD country ministers have said after...
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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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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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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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21 Oct 20
Covid-19 is an opportunity for public finance professionals to influence politicians, thereby improving public services and making economies more fair, a Public Finance Live conference session has...
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19 Oct 20
Public bodies must not forget about climate change as they deal with the fallout of the pandemic, the Public Finance Live conference has been told.
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16 Oct 20
Infrastructure will be key to helping drag South Africa’s economy out of the crisis caused by Covid-19, the country’s president said while announcing an ambitious programme of spending.
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14 Oct 20
The global recession caused by Covid-19 will not be as bad as initially feared, but “tremendous uncertainty” remains, the IMF’s top economist has said.
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14 Oct 20
Ireland expects its corporation tax yield to rise again this year, despite the backdrop of the global recession caused by Covid-19, an official document has revealed.
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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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8 Oct 20
Extreme poverty is set to rise around the world for the first time in more than 20 years as Covid-19 continues to weigh on the global economy, the World Bank has warned.
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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...