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12 Mar 21
Public authorities will continue to play a key role in maintaining the credit ratings of international banks as the sector will remain resilient despite pandemic risks, ratings agency Standard and...
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12 Mar 21
A short-term world economic crisis is unlikely, despite world debt spiralling to $201trn at the end of last year – equal to 267% of global GDP, according to ratings agency Standard and Poor’s.
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11 Mar 21
Pre-arranged agreements, including public-private partnerships, are “key strategies” to help repair infrastructure in the wake of disasters, according to a World Bank Group study of the 2011...
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10 Mar 21
China’s 2021 budget has outlined more spending on defence but less support for local government as the ruling Communist Party looks towards the economic recovery from Covid-19.
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9 Mar 21
Canada has set up an all-female advisory group aimed at making sure its next budget improves the lives of women, who the government said have borne the brunt of the economic hardship caused by Covid-...
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9 Mar 21
The world economy is expected to grow by 5.6% this year, 1.4 percentage points higher than expected in December, dependent on vaccination progress, according to the OECD.
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8 Mar 21
Unemployment insurance reforms aimed at reducing the deficit at state agency UNEDIC will be a credit positive move for France, according to rating’s agency Moody’s.
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3 Mar 21
Asia Pacific central governments will borrow $4.1trn (£2.9trn) this year, a 12% reduction on last year’s “pandemic-driven surge”, according to ratings agency Standard and Poor’s.
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3 Mar 21
Denmark’s tax agency is to boost the number of staff working on tax avoidance by 1,000 over the next three years, it announced this week.
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18 Feb 21
Several countries in Latin America “will find it challenging” to reduce their deficit enough to get their debt back on a sustainable footing, according to ratings agency Fitch.
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12 Feb 21
US president Joe Biden’s plan to raise the minimum wage in the US would lift nearly one million people out of poverty, but would also result in a large increase to the budget deficit, a government...
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11 Feb 21
The Philippines hopes to secure $23.7bn in financing from external sources in 2021, to bridge its budget deficit and provide funds for “priority projects”, the Department of Finance has said.
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5 Feb 21
Covid-19 has led Ethiopia seeking relief on its large public debts as it tries to make fiscal space to deal with the crisis.
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4 Feb 21
Covid-19 spending and lower revenues have weakened German states’ finances and forced them into debt, according to the latest government figures and analysis from ratings agency Fitch.
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4 Feb 21
A five-year programme aimed at building the capacity of Madagascar’s Court of Accounts has been unveiled in Antananarivo.
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26 Jan 21
Global defence spending reached $1.93trn in 2020, after rising continuously for the past seven years, but a “noticeable slowdown” could be on the way as governments deal with the fallout of Covid-19.
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18 Jan 21
Canada will use “whatever fiscal firepower” is needed in its fight against the effects of Covid-19, but only in the short term, prime minister Justin Trudeau has said.
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15 Jan 21
Alastair Swarbrick outlines the issues faced by developing countries embarking on public financial management reform.
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14 Jan 21
Washington must step in to help New York with the largest budget deficit in its history to stop the need for “extraordinary negative measures”, the state’s governor has said.
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6 Jan 21
Unprecedented stimulus measures taken by governments to fight the pandemic have changed the public perception of spending and debt, meaning sharp tax hikes or spending cuts would risk popular...
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17 Dec 20
A $28bn programme aimed at getting Covid-19 treatments and vaccines to low and middle-income countries would “pay itself off within 36 hours”, a World Health Organisation official has said.
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15 Dec 20
Malaysia’s parliament has narrowly passed its largest ever budget for 2021, in what is being seen as a confidence vote for the government.
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11 Dec 20
The Zambian government is seeking a financing arrangement with the International Monetary Fund to support its reform efforts after defaulting on a debt payment last month.
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10 Dec 20
High debt among Chinese local governments poses a “key risk” during the country’s recovery from Covid-19, ratings agency Fitch has said, although the outlook for the sector remains stable.
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4 Dec 20
It is important that you are able to identify capital expenditure as there is a requirement for it to be treated differently to revenue expenditure within the accounts. Being able to distinguish...
12 Mar 21Public authorities will continue to play a key role in maintaining the credit ratings of international banks as the sector will remain resilient despite pandemic risks, ratings agency Standard and...
12 Mar 21A short-term world economic crisis is unlikely, despite world debt spiralling to $201trn at the end of last year – equal to 267% of global GDP, according to ratings agency Standard and Poor’s.
11 Mar 21Pre-arranged agreements, including public-private partnerships, are “key strategies” to help repair infrastructure in the wake of disasters, according to a World Bank Group study of the 2011...
10 Mar 21China’s 2021 budget has outlined more spending on defence but less support for local government as the ruling Communist Party looks towards the economic recovery from Covid-19.
9 Mar 21Canada has set up an all-female advisory group aimed at making sure its next budget improves the lives of women, who the government said have borne the brunt of the economic hardship caused by Covid-...
9 Mar 21The world economy is expected to grow by 5.6% this year, 1.4 percentage points higher than expected in December, dependent on vaccination progress, according to the OECD.
8 Mar 21Unemployment insurance reforms aimed at reducing the deficit at state agency UNEDIC will be a credit positive move for France, according to rating’s agency Moody’s.
3 Mar 21Asia Pacific central governments will borrow $4.1trn (£2.9trn) this year, a 12% reduction on last year’s “pandemic-driven surge”, according to ratings agency Standard and Poor’s.
3 Mar 21Denmark’s tax agency is to boost the number of staff working on tax avoidance by 1,000 over the next three years, it announced this week.
18 Feb 21Several countries in Latin America “will find it challenging” to reduce their deficit enough to get their debt back on a sustainable footing, according to ratings agency Fitch.
12 Feb 21US president Joe Biden’s plan to raise the minimum wage in the US would lift nearly one million people out of poverty, but would also result in a large increase to the budget deficit, a government...
11 Feb 21The Philippines hopes to secure $23.7bn in financing from external sources in 2021, to bridge its budget deficit and provide funds for “priority projects”, the Department of Finance has said.
5 Feb 21Covid-19 has led Ethiopia seeking relief on its large public debts as it tries to make fiscal space to deal with the crisis.
4 Feb 21Covid-19 spending and lower revenues have weakened German states’ finances and forced them into debt, according to the latest government figures and analysis from ratings agency Fitch.
4 Feb 21A five-year programme aimed at building the capacity of Madagascar’s Court of Accounts has been unveiled in Antananarivo.
26 Jan 21Global defence spending reached $1.93trn in 2020, after rising continuously for the past seven years, but a “noticeable slowdown” could be on the way as governments deal with the fallout of Covid-19.
18 Jan 21Canada will use “whatever fiscal firepower” is needed in its fight against the effects of Covid-19, but only in the short term, prime minister Justin Trudeau has said.
15 Jan 21Alastair Swarbrick outlines the issues faced by developing countries embarking on public financial management reform.
6 Jan 21Unprecedented stimulus measures taken by governments to fight the pandemic have changed the public perception of spending and debt, meaning sharp tax hikes or spending cuts would risk popular...
17 Dec 20A $28bn programme aimed at getting Covid-19 treatments and vaccines to low and middle-income countries would “pay itself off within 36 hours”, a World Health Organisation official has said.
15 Dec 20Malaysia’s parliament has narrowly passed its largest ever budget for 2021, in what is being seen as a confidence vote for the government.
11 Dec 20The Zambian government is seeking a financing arrangement with the International Monetary Fund to support its reform efforts after defaulting on a debt payment last month.
4 Dec 20It is important that you are able to identify capital expenditure as there is a requirement for it to be treated differently to revenue expenditure within the accounts. Being able to distinguish...
