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7 Jun 22
The new Pakistani government has been warned it will likely hit roadblocks when enacting reforms linked to concessional finance because rising prices will complicate its revenue-raising efforts.
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1 Jun 22
Japan looks set to abandon a previous timeframe for balancing its budget, after a draft economic policy document suggested it could “distort” policy decisions in the government’s response to crises...
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31 May 22
The South Korean government has approved a multi-trillion-won supplementary budget to support small businesses and self-employed people impacted by Covid-19 restrictions.
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27 May 22
The Hungarian government is set to introduce a windfall tax on banks, energy firms and telecommunications companies to help fund its response to Russia’s invasion of Ukraine.
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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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26 May 22
The head of the OECD has admitted progress on the organisation’s much-vaunted global tax shake-up has fallen behind, and will not now be implemented until at least 2024.
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24 May 22
A South African government body has said it does not have the money to meet union demands for a pay rise, and encouraged its staff to be grateful for being employed at all.
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23 May 22
The Ukrainian government’s credit rating has slumped further into junk status due to the unsustainable debt levels brought on by the costly Russian invasion.
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20 May 22
Sri Lanka’s central bank has confirmed the government has defaulted on foreign debt repayments for the first time in the country’s 74-years of independence.
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20 May 22
European Union countries must reverse years of underinvestment in defence and increase collaborative spending in response to the new security situation after Russia invaded Ukraine, the bloc’s...
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19 May 22
The Ukrainian government will require significant financial support in the coming months to close budget gaps and maintain services, US Treasury secretary Janet Yellen has said during a visit to...
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18 May 22
The economic slowdown caused by strict Covid-19 restrictions in China could lead to a widening of local and regional government deficits this year, according to ratings agency S&P.
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17 May 22
California is on track to record a budget surplus close to $100bn this year thanks to tax income far overshooting initial forecasts.
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16 May 22
Raising tax revenue has been named as the “top priority” for Laos, whose high debt and poor tax collection have left it struggling to deal with the economic crisis caused by Covid-19 and Russia’s...
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13 May 22
The level of remittances to low-and-middle-income nations is expected to hit $630bn this year, fuelled by increased funding to Ukraine following February’s invasion, according to the World Bank Group...
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12 May 22
Politicians have rushed to promise to rid public bodies of their Russian holdings, leaving officers wrestling with practical difficulties.
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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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10 May 22
Denmark’s plan to double its deficit limit has received the backing of the International Monetary Fund in its latest appraisal of the Danish economy.
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9 May 22
The Irish government’s track record of low debt and budgetary surpluses is a key contributor to an increase in the nation’s credit rating announced today, according to ratings agency Moody’s.
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9 May 22
Incoming Costa Rican president Rodrigo Chaves has said he will keep on top of debt payments, having previously said the government needs a new support package from the International Monetary Fund.
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6 May 22
The International Monetary Fund has urged “fiscal flexibility” from Ireland as the government faces the twin challenges of supporting the economy through inflation and keeping public finances...
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6 May 22
Tightening monetary policy poses risks to Japan’s debt dynamics when the government already has the largest debt of any investment-grade country, rating agency Fitch has warned.
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5 May 22
US president Joe Biden has boasted he will make an unprecedented reduction to the government deficit and pay down the national debt for the first time since 2016, taking aim at his predecessor Donald...
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5 May 22
The Russian government made a last-ditch dollar payment on two sovereign bonds, avoiding a historic debt default, according to reports.
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4 May 22
The International Monetary Fund has approved a “precautionary” credit line for Colombia as it faces risks from inflation, in a bid to reinforce market confidence in the South American country.