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5 Oct 22
High inflation combined with increased debt servicing costs has increased the likelihood of a debt default and led to Moody’s downgrading Ghana’s credit rating.
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3 Oct 22
Developing country central banks making losses amid rising interest rates and falling asset values risk harming their governments’ public finances, ratings agency Fitch has warned.
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30 Sep 22
The international standard-setter on public sector sustainability is moving forward with plans for new guidance.
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30 Sep 22
The German government has announced a €200bn fund to protect consumers and businesses from high gas prices.
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28 Sep 22
European Union countries should ensure their citizens are guaranteed a sufficient ‘minimum income’ to live in “dignity at all stages of life”, according to the bloc’s executive arm – but officials...
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27 Sep 22
Governments should contemplate raising taxes on higher earners and businesses that have profited from the current energy crisis to support those in need, a senior economist has said.
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27 Sep 22
A recent package of tax cuts announced by the UK government “doesn’t help” global economic uncertainty, a US Federal Reserve official has warned amid an overwhelmingly negative investor reaction.
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27 Sep 22
Central banks raising interest rates to slow inflation will pile more financial pressure on poorer economies and could restrict spending on healthcare, economists at the World Bank have warned.
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27 Sep 22
The Swiss government has lost a referendum over abolishing taxes paid by companies on domestic bonds and share sales, aimed at promoting investment in the nation.
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26 Sep 22
The US labour watchdog has identified more than $45bn of potentially fraudulent unemployment benefit claims during Covid-19 – almost triple initial forecasts.
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23 Sep 22
Governments should avoid or reverse widespread tax cuts and energy caps introduced in response to the cost-of-living crisis, or they risk encouraging the use of fossil fuels, economists at the OECD...
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23 Sep 22
The US central bank has put interest rates up by another big jump, continuing its recent fast pace of increases as inflation continues to be far above its target level.
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22 Sep 22
Poor government leadership has left South Africa rife with corruption and with high poverty, crumbling infrastructure and human rights abuses, a pressure group has said.
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21 Sep 22
The Hungarian government has put forward new legislation aimed at improving public procurement and its anti-corruption measures, hours after the European Commission threatened to withhold €7.5bn of...
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16 Sep 22
Higher public spending and the economic slowdown linked to voters rejecting constitutional reforms has fuelled a downgrade in Chile’s credit rating, Moody’s has said.
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16 Sep 22
Central banks raising interest rates to slow inflation risk “devastating” the lives of people in poorer countries if their actions push those countries into recessions, World Bank president David...
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15 Sep 22
The energy crisis exacerbated by the Russian invasion of Ukraine will see the UK and eurozone plunge into a recession later this year and in 2023, economists at Fitch have said.
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14 Sep 22
The US has set out how it will use billions of dollars of Afghanistan’s central bank reserves itself, keeping them from local officials but insisting they will be used to benefit the Afghan people.
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14 Sep 22
The next disbursement under Argentina’s $44bn deal with the International Monetary Fund is expected to be agreed in the coming days, following a week of discussions between fund staff and Argentine...
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13 Sep 22
The German government must meet NATO’s military spending target of 2% of GDP over the long term or risk its €100bn defence fund being spent “in vain”, the nation’s defence minister has said.
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12 Sep 22
The Greek government has unveiled plans to increase state pension payments and the minimum wage, marking the end of a period of budget scrutiny from Brussels the prime minister described as a “...
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12 Sep 22
European Union member countries will need to “assume ownership” of their compliance with the bloc’s fiscal rules under a new system with stronger enforcement from Brussels, the Czech finance minister...
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9 Sep 22
Janet Yellen has stood by plans to correct a “two-tiered tax system” in the nation by taxing large companies and higher earners more, to fund new spending.
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9 Sep 22
The outpouring of refugees from Ukraine following Russia’s invasion has left public services in many European countries in need of support, and economists have stressed the importance of subnational...
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9 Sep 22
The European Central Bank is set to raise interest rates by a record 0.75 percentage points in a bid to rein in rampant inflation.
5 Oct 22High inflation combined with increased debt servicing costs has increased the likelihood of a debt default and led to Moody’s downgrading Ghana’s credit rating.
3 Oct 22Developing country central banks making losses amid rising interest rates and falling asset values risk harming their governments’ public finances, ratings agency Fitch has warned.
30 Sep 22The international standard-setter on public sector sustainability is moving forward with plans for new guidance.
30 Sep 22The German government has announced a €200bn fund to protect consumers and businesses from high gas prices.
28 Sep 22European Union countries should ensure their citizens are guaranteed a sufficient ‘minimum income’ to live in “dignity at all stages of life”, according to the bloc’s executive arm – but officials...
27 Sep 22Governments should contemplate raising taxes on higher earners and businesses that have profited from the current energy crisis to support those in need, a senior economist has said.
27 Sep 22A recent package of tax cuts announced by the UK government “doesn’t help” global economic uncertainty, a US Federal Reserve official has warned amid an overwhelmingly negative investor reaction.
27 Sep 22Central banks raising interest rates to slow inflation will pile more financial pressure on poorer economies and could restrict spending on healthcare, economists at the World Bank have warned.
27 Sep 22The Swiss government has lost a referendum over abolishing taxes paid by companies on domestic bonds and share sales, aimed at promoting investment in the nation.
26 Sep 22The US labour watchdog has identified more than $45bn of potentially fraudulent unemployment benefit claims during Covid-19 – almost triple initial forecasts.
23 Sep 22Governments should avoid or reverse widespread tax cuts and energy caps introduced in response to the cost-of-living crisis, or they risk encouraging the use of fossil fuels, economists at the OECD...
23 Sep 22The US central bank has put interest rates up by another big jump, continuing its recent fast pace of increases as inflation continues to be far above its target level.
22 Sep 22Poor government leadership has left South Africa rife with corruption and with high poverty, crumbling infrastructure and human rights abuses, a pressure group has said.
21 Sep 22The Hungarian government has put forward new legislation aimed at improving public procurement and its anti-corruption measures, hours after the European Commission threatened to withhold €7.5bn of...
16 Sep 22Higher public spending and the economic slowdown linked to voters rejecting constitutional reforms has fuelled a downgrade in Chile’s credit rating, Moody’s has said.
16 Sep 22Central banks raising interest rates to slow inflation risk “devastating” the lives of people in poorer countries if their actions push those countries into recessions, World Bank president David...
14 Sep 22The US has set out how it will use billions of dollars of Afghanistan’s central bank reserves itself, keeping them from local officials but insisting they will be used to benefit the Afghan people.
14 Sep 22The next disbursement under Argentina’s $44bn deal with the International Monetary Fund is expected to be agreed in the coming days, following a week of discussions between fund staff and Argentine...
13 Sep 22The German government must meet NATO’s military spending target of 2% of GDP over the long term or risk its €100bn defence fund being spent “in vain”, the nation’s defence minister has said.
12 Sep 22The Greek government has unveiled plans to increase state pension payments and the minimum wage, marking the end of a period of budget scrutiny from Brussels the prime minister described as a “...
12 Sep 22European Union member countries will need to “assume ownership” of their compliance with the bloc’s fiscal rules under a new system with stronger enforcement from Brussels, the Czech finance minister...
9 Sep 22Janet Yellen has stood by plans to correct a “two-tiered tax system” in the nation by taxing large companies and higher earners more, to fund new spending.
9 Sep 22The outpouring of refugees from Ukraine following Russia’s invasion has left public services in many European countries in need of support, and economists have stressed the importance of subnational...
9 Sep 22The European Central Bank is set to raise interest rates by a record 0.75 percentage points in a bid to rein in rampant inflation.
