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31 May 24
Egypt is to quadruple the price of subsidised bread in a move likely to lead to a backlash among a population grappling with poverty and soaring inflation.
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25 Aug 23
Governments shielding households and businesses from the spike in energy prices caused by Russia’s invasion of Ukraine meant environmentally harmful fossil fuels were subsidised at their highest ever...
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19 Jun 23
Governments across the world will fail to fund the transition to net zero without reversing trillions of dollars of agriculture, fishing and fossil fuels subsidies, economists at the World Bank have...
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23 May 23
Industry gets more support as Ukraine war continues.
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11 May 23
The Swedish government has spent too much money on widespread energy support that failed to encourage reduced consumption, the nation’s spending watchdog has said.
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26 May 22
Uganda is resisting calls to subsidise or cut taxes on imports of fuel and wheat despite rising prices hurting households, with the president saying that to do so would be economically “suicidal”.
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12 May 22
Pakistan has been urged to speed up its progress on reforms if it wants its economy to develop and recover from Covid-19.
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1 Apr 22
Soaring inflation stemming from Russia’s invasion of Ukraine, could force Asia Pacific to issue more debt to fund increased spending, putting pressures on finances, according to ratings agency S&...
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25 Mar 22
The German government has allocated close to €17bn to help mitigate pressures from soaring energy prices, including cuts to fuel duty.
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7 Mar 22
Support packages implemented to help offset soaring inflation could be a risk to public finances if maintained in the long-term, according to ratings agency Fitch.
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22 Feb 22
Governments across the world spend $1.8trn on environmentally harmful subsidies each year, which could be redistributed to help combat climate change, according to an international pressure group.
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15 Oct 21
The Algerian government wants to reform its expensive system of subsidies next year as it tries to cut its deficit.
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1 Jul 19
Global efforts to reform massive state aid to farmers worth $528bn per year have largely stalled, says the OECD.
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4 Jun 19
The European Commission has called for Czech prime minister Andrej Babiš to repay millions of euros in subsidies after finding him to be in conflict of interest, according to reports of a draft...
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4 Jun 18
The richest countries in the world spend more than $100bn a year on subsidies to support oil, coal and gas, a study has found.
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9 Jan 18
The US Federal Energy Regulation Commission yesterday rejected the energy secretary’s proposal to subsidise coal and nuclear power plants in parts of the country.
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18 May 17
Saudi Arabia could slow down its efforts to balance the budget, but still needs a substantial programme of tax increases and spending cuts in the long run, the International Monetary Fund has said.
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10 Apr 17
Government support for agriculture in the Philippines is inefficient and in some ways counterproductive, increasing the country’s malnutrition problem, the OECD has said.
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1 Feb 17
Argentina is set to increase the price of electricity by up to 90% as part of another subsidy cull, the country’s energy minister has announced.
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14 Nov 16
Since taking office last year, Argentinean president Mauricio Macri has rocked the long-time socialist country with sweeping pro-market and for some, painful reforms. Where do his plans stand almost...
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4 Nov 16
Sudan has raised fuel prices by around 30% as a severe shortage of foreign currency adds to a growing economic crisis in the country.
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20 May 16
Iraq has reached a $5.4bn bailout deal with International Monetary Fund staff to help the country plug a deep hole in its budget carved out by the conflict with ISIS and tumbling oil prices.
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18 May 16
Workers across Nigeria have launched an indefinite strike today to protest government plans to increase petrol prices by up to 67%, in spite of a court ruling blocking the industrial action.