National fiscal & budget management
Get a closer look at national approaches to fiscal discipline and budget allocation.
National fiscal and budget management
Thames Water's £57 Million Penalty Highlights Financial Struggles in UK Utilities
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Thames Water Utilities Ltd. faces a £56.8 million penalty from regulators as it seeks substantial equity funding to prevent administration, highlighting the financial pressures on essential services in the UK.
linkCopy linkshare_windowsShareFed Official Backs Rate Cuts, Urges Caution in Monetary Policy Easing
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Federal Reserve Bank of St. Louis President Alberto Musalem advocates for more interest rate cuts as the economy progresses healthily, while emphasizing the need for caution to avoid excessive monetary policy easing.
linkCopy linkshare_windowsShareCongress Probes FCC's $885 Million Starlink Subsidy Denial
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A U.S. House committee is investigating the FCC's decision to deny SpaceX's Starlink $885.5 million in rural broadband subsidies, highlighting a significant fiscal allocation dispute in national telecommunications infrastructure.
linkCopy linkshare_windowsShareEU's Strategic Bond Sale: Raising €10 Billion for Fiscal Needs
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The European Union plans to raise €10 billion through the sale of two bonds maturing in December 2027 and October 2039, marking its first fundraising effort of the fourth quarter.
linkCopy linkshare_windowsShareTax Hikes Spark Protests in Pakistan Amid IMF Bailout Agreement
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Pakistan is experiencing widespread protests following a rise in taxes as part of its $7 billion bailout agreement with the IMF. This situation underscores the challenges of fiscal management amid economic turmoil.
linkCopy linkshare_windowsShareChina Confident in Growth Targets, Plans Early Budget Allocations
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China's economic planner expressed full confidence in meeting the country's growth targets for the year, indicating that some budget funds from 2025 will be allocated earlier to support ongoing projects, despite calls for stronger fiscal measures.
linkCopy linkshare_windowsShareUK Economists Propose 'Exit Tax' to Retain Wealthy Residents
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Economists are advocating for an 'exit tax' in the UK to generate up to £500 million annually, aiming to deter wealthy individuals from leaving the country and bolster fiscal resources.
linkCopy linkshare_windowsShareRBA Maintains Interest Rates Amid Inflation Concerns
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Australia's central bank has decided to maintain interest rates at a 12-year high until there is confidence that inflation is sustainably moving towards its target, indicating a cautious approach to fiscal policy.
linkCopy linkshare_windowsShareKenya's Central Bank to Implement Consecutive Rate Cuts for First Time in Four Years
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Kenya's central bank is poised to implement its first consecutive interest rate cuts in four years, marking a significant shift in monetary policy since the easing cycle initiated during the Covid-19 pandemic.
linkCopy linkshare_windowsShareChina Considers Record Deficit to Boost Economic Stimulus Efforts
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A leading economist suggests that China may increase its fiscal deficit to a record level to enhance stimulus efforts, demonstrating the government's dedication to achieving a growth target of approximately 5% this year.
linkCopy linkshare_windowsShareBank of Korea Set for Major Policy Shift Amid Cooling Housing Market
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The Bank of Korea is poised to implement a significant policy shift, aligning with global trends towards easing monetary policy as the housing market cools and inflation falls below target levels.
linkCopy linkshare_windowsShareBank of Italy Raises Alarm Over Economic Growth and Fiscal Targets
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The Bank of Italy has expressed concerns regarding the country's economic growth, indicating that the economy is expected to expand less than anticipated, complicating the government's ability to meet its fiscal targets.
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Study: Trump's Fiscal Plans Could Double National Debt Increase Compared to Harris
A study by a nonpartisan think tank reveals that Trump's campaign proposals would increase the national debt by $7.5 trillion, while Harris's plans would add $3.5 trillion, highlighting significant differences in their approaches to fiscal management.
linkCopy linkshare_windowsShareECB Considers Rate Cut Amid Economic Slowdown and Inflation Concerns
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The European Central Bank is likely to cut interest rates in October due to weak economic growth, potentially causing inflation to fall below the 2% target, according to French Central Bank Chief Francois Villeroy de Galhau.
linkCopy linkshare_windowsShareFrance's Budget Commitment: Adhering to EU Rules Amid Deficit Concerns
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French Finance Minister Antoine Armand has announced that the upcoming budget will adhere to EU regulations, aiming to reassure both European partners and markets regarding France's significant deficit.
linkCopy linkshare_windowsShareNorway to Boost Public Spending from Massive Wealth Fund Before 2025 Elections
Norway's minority government plans to increase spending from its $1.8 trillion sovereign wealth fund in 2025 to cover public expenses, ahead of parliamentary elections in September next year.
linkCopy linkshare_windowsShareUK Budget Looms: Investors Retreat as Economic Concerns Outweigh Political Optimism
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Investors are retreating from optimistic positions on UK assets as concerns about the debt-laden economy and potential tax hikes in the upcoming budget overshadow hopes for growth under new Labour leadership.
linkCopy linkshare_windowsShareWar-Strained Israel Grapples with Mounting Borrowing Costs and Economic Pressure
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Israel's economy faces increasing strain after a year of war, with rising borrowing costs threatening its financial stability. The prolonged conflict risks escalating into a regional crisis, challenging the nation's fiscal resilience.
linkCopy linkshare_windowsShareNorway Reduces Oil Wealth Fund Spending in 2025 Budget Draft
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Norway's draft budget for 2025 indicates a reduction in the use of its $1.7 trillion sovereign wealth fund, reflecting expectations of increased purchasing power and an economic recovery.
linkCopy linkshare_windowsShareCFOs Tackle Budget Season Challenges Amid Short Selling Concerns
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CFOs are currently navigating the complexities of budget season, focusing on strategic financial planning and addressing challenges such as short selling, as highlighted by insights from Adani's CFO.
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UK Government Hosts Summit to Attract Inward Investment
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The UK government is hosting a summit featuring prominent tech and finance leaders to attract inward investment, reflecting its strategy to enhance national fiscal growth and economic stability.
linkCopy linkshare_windowsShareCreditors on High Alert in Restructuring Market Amid Fiscal Challenges
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In a challenging restructuring market, creditors are on high alert against deceptive debtors, seeking strategic advantages to navigate financial complexities and ensure fiscal stability.
linkCopy linkshare_windowsShareUK Chancellor Reevaluates Strategy to Close Private Equity Tax Break
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Chancellor Rachel Reeves of the UK is reassessing her strategy to eliminate a tax break for private equity, aiming to enhance revenue generation while still pursuing the closure of the tax loophole.
linkCopy linkshare_windowsShareNew Zealand's Government Fast-Tracks 149 Projects to Boost Economic Recovery
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In response to a slowing economy, New Zealand's government plans to fast-track approvals for 149 projects, focusing on housing, infrastructure, resources, and agriculture to stimulate growth.
linkCopy linkshare_windowsShareSenegal Takes Urgent Steps to Address Budget Deficit After Ratings Downgrade
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In response to a recent downgrade by Moody's Ratings, Senegal has committed to taking immediate measures to reduce its budget deficit, following an audit that revealed a deteriorating fiscal and debt situation.
linkCopy linkshare_windowsShareReeves's Budget: A Crucial Turning Point for UK Economic Policy
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Chancellor Rachel Reeves has highlighted the critical state of the UK's public finances, making her upcoming budget a pivotal moment for the economy, potentially influencing future fiscal policies.
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