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5 Dec 17
The US Senate has narrowly approved plans paving the way for the president’s “massive tax cuts”, which could see more than a trillion dollars added to the national debt.
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4 Dec 17
European governments are leading the ‘race to the bottom’ as tax rates globally are heading towards zero by 2052, a study has found.
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4 Dec 17
The UK has confirmed an additional £70m aid package to support the recovery and reconstruction of British islands hit by hurricanes.
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30 Nov 17
The Danish economy has shrunk more than expected, suggesting the worst contraction since 2011, according to data released today.
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29 Nov 17
Budget consolidation and growth-friendly investment will be key to Germany’s coalition talks, chancellor Angela Merkel has told an employers’ conference.
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28 Nov 17
Portugal’s parliament has approved the 2018 budget that seeks to trim the deficit, six weeks after it was first presented to lawmakers.
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28 Nov 17
South African president Jacob Zuma has asked the minister of finance to identify measures to “urgently” address economic challenges, the president’s office said yesterday. ...
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28 Nov 17
Japan will reportedly compile an extra budget worth around 2.7-2.9trn yen ($24-26bn) for the fiscal year ending March 2018.
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27 Nov 17
The African Development Bank has agreed to a €180m loan to support Cameroon’s reforms to shore up public finances.
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27 Nov 17
The Asian Development Bank has approved a $300m loan and a $500,000 technical assistance grant to support the Philippines’ financial sector reforms.
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24 Nov 17
Barbados should cut spending or risk its debt problems rising, according to the International Monetary Fund.
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23 Nov 17
The European Parliament and Council have reached an agreement on the 2018 budget and committed to spending €160bn, up from the €157.9bn agreed for 2017.
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22 Nov 17
Economic recovery in Zimbabwe is still likely to be difficult even though Robert Mugabe has resigned as president, a research fellow at the Overseas Development Institute has said.
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21 Nov 17
The royals, ministers and businessmen detained as part of Saudi Arabia’s crack-down on corruption will get due process of law, Saudi’s United Nations ambassador has said.
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21 Nov 17
Japan has pledged to give up to $1.03bn of development aid to Myanmar to help improve rural incomes.
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21 Nov 17
El Salvador has been hailed as a “stand-out tax reformer” as it climbed up 22 places on an annual World Bank index ranking countries according to where it is ‘easiest to do business...
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20 Nov 17
Pakistan's anti-corruption court has issued an arrest warrant for the country’s finance minister after he failed to turn up to several court hearings.
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17 Nov 17
Japan’s economy has experienced the longest period of uninterrupted growth in more than a decade, with faster growth than expected in the third quarter.
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17 Nov 17
Russia has agreed to a $3.15bn restructuring deal of Venezuela’s debt over a 10-year period, Russia’s Finance Ministry said on Wednesday.
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17 Nov 17
The UK government’s aid department must justify its spending to the public in the same way charities do, the new international development secretary has said.
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16 Nov 17
Zimbabwe needs businesses to operate freely and fairly to help the “mismanaged” economy recover, a research fellow at an independent think-tank has told Public Finance International.
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14 Nov 17
Venezuela has been declared in default after missing interest payments on its $60bn bond debt.
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14 Nov 17
The International Monetary Fund has announced the payment of a $2bn loan to Egypt following its economic reforms.
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13 Nov 17
The South African government should increase spending on higher education to at least 1% of gross domestic product, a presidential commission report released on Monday said.
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10 Nov 17
A business school and philanthropic organisation are teaming up to find ways of identifying the risk of governments becoming unwilling or unable to meet loan obligations.