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11 Aug 23
Rising service demand and the cost of supporting asylum seekers could leave New York City with a cumulative budget deficit of almost $40bn by 2027, the state spending watchdog has said.
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17 May 23
Campaigners have called on the World Bank to delay payment of an $800m loan.
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12 May 23
The Pakistani government will not be able to adopt the reforms it needs to recover from a series of financial crises without additional support, the International Monetary Fund has said.
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24 Apr 23
The United Nations has set out a roadmap for ensuring developing countries have access to the finance they need to deal with the impacts of climate change and make progress on their development.
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18 Apr 23
Windfall tax gains from inflation and savings from lower energy prices might allow European countries to cut their deficits and should not necessarily fund new spending, despite many people...
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27 Feb 23
An unusually strong US dollar combined with rising interest rates and high spending needs mean there is “no sign” of lower-income country debt recovering from its rapid rise since the onset of Covid-...
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24 Jan 23
The Ghanaian government’s auditor general has criticised how departments spent, and managed billions of cedi allocated to fund the Covid-19 response.
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17 Jan 23
The US Congress not raising the country’s debt ceiling could lead to “irreparable harm” to the US and the world economy if the government ended up defaulting, Treasury secretary Janet Yellen said.
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19 Dec 22
The Ghanaian government has suspended payments on all bonds, commercial loans and bilateral debt, as the nation seeks to restructure its debts.
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14 Oct 22
A watchdog has found the amount of money spent not in accordance with European Union rules rose again last year, leading to it issuing an adverse opinion in its annual report.
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27 Sep 22
The Swiss government has lost a referendum over abolishing taxes paid by companies on domestic bonds and share sales, aimed at promoting investment in the nation.
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5 Sep 22
The Sri Lankan government has reached a preliminary agreement on a $2.9bn bailout with the International Monetary Fund, amid a financial crisis
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31 Aug 22
The Sri Lankan government has outlined plans to increase taxes as discussions over an International Monetary Fund bailout reach the “final stage”.
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11 Aug 22
The end of increased budget scrutiny on the Greek government closes a “difficult chapter” in its history and recognises the sacrifices made to reach financial stability, its finance minister has said...
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26 Apr 22
Sovereign wealth funds have become more risk averse with their investment, as they seek a safe haven for cash amid rising geopolitical tensions, according to an industry body.
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1 Mar 22
Chad is receiving support from the United Nations to help train officers and install new debt management software, in a bid to improve public finances.
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22 Jun 21
Professional accountancy organisations can be central to implementing, maintaining and strengthening effective public financial management, according to the Confederation of Asian and Pacific...
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1 Jun 21
The global recession caused by the coronavirus pandemic led to a record 32 credit rating downgrades in 2020, according to ratings agency Fitch.
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10 Dec 19
Academics are being called to submit papers for a special edition of Public Money & Management on governmental accounting systems around the world.
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28 Nov 19
The EU now meets “high standards of accountability and transparency when spending public money”, the European Court of Auditors has concluded.
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11 Oct 19
Governments must ready themselves for a global economic downturn and help stimulate their economies if necessary, CIPFA has told PF International.
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17 Sep 19
A slowdown in the Icelandic economy should spur the country on to diversify its economy, the OECD has said.
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13 Sep 19
The UK government must do more to ensure departments better understand how to spend aid more efficiently, a watchdog has found.
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5 Sep 19
Argentina’s debt crisis was an “inevitable” consequence of failures by the International Monetary Fund, a campaigning charity has claimed.
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28 Aug 19
Top civil servants broadly have two strategies to choose between when deciding on efficiency cutbacks but must bear in mind the values that motivate the decisions, explains Leiden University’s Eduard...