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26 May 17
In its 2017 budget, New Zealand unveiled public finance forecasts likely to be envied the world over. Set for a significant, and growing, cash surplus, the government can tackle some long-standing...
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25 May 17
New Zealand expects a surplus of around $5bn by 2021, according to its 2017 budget, which plans lower taxes and investment in services and infrastructure to make the most of this position.
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25 May 17
The International Monetary Fund has approved a $5.5bn loan package to help rebuild the Mongolian economy after it was battered by the slump in commodity prices.
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24 May 17
Moody’s has cut China’s credit rating for the first time since 1989, citing a growing debt burden and faltering growth.
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23 May 17
Taking measures to tackle climate change will boost economic growth over the medium and long term, according to a OECD report.
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23 May 17
Greece and the European Commission must conclude a new agreement on a bailout next month after talks failed this week, economic and financial affairs commissioner Pierre Moscovici has said.
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19 May 17
The International Monetary Fund has lifted its growth forecast for South Africa to 1% as two factors weighing on the economy – drought and depressed commodity prices – dissipate.
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19 May 17
Greek lawmakers have backed further controversial austerity measures in a vote that could end a more than six-month delay to the country’s bailout programme.
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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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17 May 17
Jordan cut its combined public sector deficit by 3.3 percentage points between 2015 and 2016, the International Monetary Fund has found.
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17 May 17
How the small island territory of Puerto Rico found itself at the centre of the US’s biggest ever public bankruptcy process, and why this might not be enough to solve the island’s problems for good
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16 May 17
Public services in some of the world’s poorest countries are being starved of resources as a result of their governments’ heavy debt loads, the Jubilee Debt Campaign has warned.
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16 May 17
The International Monetary Fund has urged Zimbabwe to rein in its spending to bring its ballooning deficit back down to a sustainable level.
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15 May 17
Germany should look to refine its revenue projection models, which are repeatedly off the mark and encourage overly tight purse strings, the International Monetary Fund has said.
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12 May 17
Nigerian lawmakers have passed a record budget for 2017, worth 7.44trn naira ($24.4bn), to hoist the country out of its first recession in a quarter of a century.
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12 May 17
UK Aid’s chief civil servant and CIPFA member Sir Mark Lowcock has been appointed as the next head of the United Nation’s humanitarian operations.
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12 May 17
German tax revenues are to overshoot estimates by €7.9bn according to finance minister Wolfgang Schäuble, who promised to cut tax in light of the better-than-expected figures.
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12 May 17
Public Finance International talks to Sunaina Roshan Shrestha, a CIPFA member working in Nepal, about qualifications and breaking into the public sector
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11 May 17
New French president Emmanuel Macron should meet his pledge to bring the country’s deficit back in line with European Union spending rules this year, according to the European Commission.
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10 May 17
The US has suspended $21m in aid to Kenya’s Ministry of Health due to concerns over “weak accounting procedures”.
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10 May 17
Sub-Saharan African governments’ sluggishness in getting their public finances back on track has hit growth, the International Monetary Fund has said, trimming its 2017 forecast for the region to 2.6...
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8 May 17
More and better public finance is essential to finding the 10.5% of GDP Asia-Pacific’s poorest countries need to bridge debilitating infrastructure gaps, according to the United Nations.
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5 May 17
The World Bank is to resume aid payments directly into Malawi’s budget, becoming the second donor to end an aid freeze to the country following high-level corruption revelations in 2013.
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5 May 17
National audit bodies’ role in scrutinising the European Union’s agricultural spending is flawed and falls short of international standards, the bloc’s auditors have concluded.
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4 May 17
Patchy transparency in Brazil has compromised the effectiveness of the country’s fiscal policies, according to the International Monetary Fund.