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14 Sep 21
Costa Rica’s fiscal consolidation efforts have been buoyed by an International Monetary Fund deal and rising revenues – but political tensions and gridlock in its congress risk pushing its progress...
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13 Sep 21
The new Lebanese prime minister Najib Mikati has warned that “hard work” is required to implement reforms before the crisis-hit country can finance its recovery.
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13 Sep 21
Eight European finance ministers are preparing to push back against efforts to loosen the EU’s attitude to debt and deficits, stressing the importance of “sound public finances”.
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10 Sep 21
The European Central Bank has said it will begin to reduce its emergency Covid-19 asset purchasing in the coming months, as the region recovers from the pandemic.
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9 Sep 21
US treasury secretary Janet Yellen has warned Congress the government could run out of cash in the next few weeks, urging lawmakers to raise the debt ceiling so she can borrow again.
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9 Sep 21
Chinese government revenue and spending could match for the first time in more than three decades, even with Beijing looking to spur the economic recovery from Covid-19, a researcher has found.
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7 Sep 21
Egypt must find a way to reduce its debt servicing costs if it is to weather the potential shock of interest rates rising, its government has been warned.
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6 Sep 21
Greek officials have called for each European Union country to be given tailor-made debt targets, calling the current blanket fiscal rules “practically inapplicable”.
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6 Sep 21
Angola is at risk of defaulting on its debts after International Monetary Fund support tails off, ratings agency Fitch warned as it affirmed the government’s junk status.
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3 Sep 21
Mexico’s new finance minister has confirmed that the government will continue to offer support to state-owned oil company Pemex, which is in billions of dollars of debt.
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3 Sep 21
Economist Larry Summers has warned that “woke” central banking could be responsible for a new era of enduring high inflation in industrialised countries.
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2 Sep 21
Elevated asset purchasing by the European Central Bank will continue until 2025, long after its Covid-19 facility shuts, according to ratings agency Fitch.
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1 Sep 21
Israel’s state comptroller has criticised former prime minister Benjamin Netanyahu’s management of the Covid-19 crisis, including the nation’s inability to set a national budget.
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1 Sep 21
South Korea is looking to create a “virtuous cycle” of public spending and economic growth, unveiling its 2022 budget which is set to take government debt over 50% of GDP for the first time.
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31 Aug 21
Austria’s finance minister has urged his European Union counterparts to reduce their high levels of spending as the economic rebound from Covid-19 continues.
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31 Aug 21
The US Congress should introduce explicit financial stability objectives for government agencies to help avoid a new financial crisis, according to a former senior Federal Reserve official.
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27 Aug 21
Australia’s Future Fund has reported a return of 22% - its highest ever - during the last fiscal year, with its portfolio ending up worth $197bn (£105bn).
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27 Aug 21
The Nigerian government spent more than 90% of its revenues in the first half of this year on servicing debts, according to the nation’s budget office.
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26 Aug 21
A group of experts in Finland has begun discussing the introduction of a ‘negative income tax’ to help support people’s incomes and encourage them to work.
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26 Aug 21
Canadian prime minister Justin Trudeau has promised to tax financial services companies to help fund his housing programme if his government is re-elected next month.
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25 Aug 21
A worldwide rebound in oil prices, and a new International Monetary Fund programme contributed to a credit rating upgrade for Gabon, according to ratings agency Fitch.
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24 Aug 21
Leasing state-owned infrastructure is set to make the government 6trn rupees (£59bn) in the next four years to fund new capital spending, according to official plans.
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24 Aug 21
The US government’s $1trn infrastructure fund is expected to provide a net $700bn boost to its economy, according to ratings agency Standard and Poor’s.
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23 Aug 21
Finland’s finance ministry will assess the impact of its 2022 budget on children to help promote the interests of the next generation in the rapidly ageing country.
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19 Aug 21
CIPFA worked with Bangladesh’s ministry of finance to bring the country’s public financial framework into the 21st century.