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Recent News Headlines : Public Finance
WHY REPUBLICANS WHO ONCE FOUGHT BUDGET DEBT NOW EMBRACE IT
When did Republicans stop worrying and learn to love budget deficits? Over the next decade, their tax plan would add at least 1 trillion to the nation... READ MORE›
US SENATE PASSES BIGGEST US TAX CUT IN THREE DECADES
Sen. Bob Corker, R-Tenn., was the only lawmaker to cross party lines, joining the Democrats in opposition... READ MORE›
BARRY GARDINER REFUSES TO SAY WHEN THE DEFICIT WOULD BE ELIMINATED UNDER A LABOUR GOVERNMENT
It comes after after John McDonnell also refused to answer questions about figures on Labour's borrowing plans because MPs have iPads and advisers for that... READ MORE›
S&P DOWNGRADES SOUTH AFRICA'S LOCAL CURRENCY DEBT TO 'JUNK' STATUS
Moody's rates the country's foreign and local currency debt on their lowest investment grade rung of Baa3... READ MORE›
UK BORROWING GROWS IN OCTOBER, UNDERSCORING BUDGET HEADACHE FOR HAMMOND
However, in the first seven months of the financial year, the deficit has fallen by 9.6 percent to 38.5 billion pounds, the ONS said... READ MORE›
UK'S HAMMOND SEEKS ANSWER TO VOTER UNREST IN NEW HOUSEBUILDING PUSH
Britain's official budget forecasters have said they expect to cut their productivity growth forecasts, suggesting slower overall economic growth ahead and less tax revenue for Hammond... READ MORE›
GOP TAX PLAN WILL 'EXPAND' AMOUNT AMERICANS CAN INVEST IN 401(K)S
President Trump initially denounced proposals to limit the amount of pre-tax dollars that can be deferred in retirement savings, saying the middle-class benefit must be preserved... READ MORE›
IMF SOUNDS CAUTION ON U.S. TAX REFORM
The International Monetary Fund is giving the Trump administration some unsolicited... READ MORE›
ECONOMIC WATCHDOG TO CUT GROWTH FORECASTS AMID PRODUCTIVITY WOES
The Office for National Statistics ONS also recently made a host of downward revisions to last year's budget deficit, which the OBR said would be beneficial ... READ MORE›
MOST ECONOMISTS AGREE: TRUMP TAX PLAN WILL WIDEN BUDGET DEFICIT
Trump's tax cut proposal calls for wide-ranging changes in the tax code for both companies and individuals... READ MORE›
Trending News Headlines : Public Finance
NHS TRUSTS' OVERSPEND IS ?3BN HIGHER THAN REPORTED, STUDY CLAIMS
Nuffield Trust says official ?791m figure does not accurately reflect the scale of financial challenge facing NHS in England... READ MORE›
LIBYA ON BRINK OF ECONOMIC COLLAPSE
Libya's daily oil production before the 2011 uprising stood at 1.6 million barrels... READ MORE›
CHINA UNVEILS THREE MAJOR DECISIONS WITHIN THREE MINUTES
As the world focuses on the race for the White House, China unveiled three major decisions within three minutes of each other on Monday... READ MORE›
NORWAY CENTRAL BANK CHIEF WARNS OF 'SHARP' DROP IN WEALTH FUND
If spending is raised to 4 percent that probability rises to about 5 percent... READ MORE›
MINISTERS MOVE TO 'SHIFT BLAME FOR FUNDING CUTS TO LOCAL COUNCILS'
The local government finance bill, currently in committee stage in the Commons, abolishes the annual local government finance settlement, which is approved by parliament every year... READ MORE›
HOW REPUBLICANS PLAN TO SPEND LIKE CRAZY WITHOUT RUNNING UP DEBT
A multiplier is the expected extra effect of a fiscal policy Spend 1, and you might get 1.60 of economic growth... READ MORE›
AN OIL GIANT IS STILL BURNING THROUGH ITS CASH PILE
It was meant to be a given that a rebound in oil prices would slow the depletion of Saudi Arabia's foreign-currency reserves... READ MORE›
JOHN MCDONNELL SAYS EMERGENCY FUNDS COULD SOLVE SOCIAL CARE CRISIS
Shadow chancellor calls on government to use autumn statement's 'fiscal headroom' to protect the elderly and the vulnerable... READ MORE›
WORLD'S BIGGEST WEALTH FUND REVEALS BLEAK VIEW ON GLOBAL TRADE
The man running the world's biggest sovereign wealth fund says there's every indication that global trade is suffering from something more serious than a temporary slowdown... READ MORE›
ILLINOIS BUDGET CRISIS IS ABOUT TO GET EVEN HARDER TO RESOLVE
The Illinois Senate approved a spending plan on May 23, with only Democratic votes, that raised income taxes and expanded the sales tax levy... READ MORE›
WITH EUROPE BEHIND IT, GREECE IS BEING PUSHED INTO FURTHER PERIL
The pre-referendum terms have been made tougher, both through the quasi-automatic spending cuts and through the enforced sell-off of Greece's assets... READ MORE›
NATIONAL TRUST CALLS FOR COMPLETE REFORM OF BRITISH FARM SUBSIDIES
Proposals would see the basic income support system of subsidies scrapped and farmers being paid out of public funds for environmental services... READ MORE›
BE CAREFUL, IT COULD GET PAINFUL
In October, Trump claimed his plan would unleash growth of 5 percent or 6 percent... READ MORE›
HOW TRUMP COULD ACCIDENTALLY FUEL A GLOBAL TRADE BOOM
Far from jolting the U.S. into a protectionist lurch, might President-elect Donald Trump unwittingly help buoy global trade next year?... READ MORE›
MAN WHO RAN GEORGE OSBORNES TREASURY COMES OUT AGAINST HIGH SPEED TWOA
Lord Macpherson, the Treasury's permanent secretary from 2005 to 2016, has told The Sunday Telegraph that the money should be spent on other road and rail projects... READ MORE›
BLACKROCK SAYS AUSTRALIA COULD LOSE AAA RATING NEXT MONTH
The Australian government has struggled to rein in its fiscal shortfall as lower commodity prices have crimped revenues and parliament has stymied savings measures... READ MORE›
MACRON UNDER FIRE OVER DEFENCE SPENDING, TAX CUTS AND LEADERSHIP STYLE
The centrist Macron came to power not only on a promise of political renewal, he also promised a raft of tax cuts... READ MORE›
RIGHT-TO-BUY BATTLE LOOMS IN LORDS
All that changes if housing associations are classified as public bodies... READ MORE›
TRUMP'S INFRASTRUCTURE PLAN: POTHOLES OR A SMOOTH RIDE?
Some experts are skeptical of plan to finance the 550 billion proposal with private money... READ MORE›
BRAZIL'S SENATE PRESIDENT OUSTED OVER EMBEZZLEMENT CHARGES
Renan Calheiros, key ally to Brazilian president Michel Temer, becomes latest politician to fall amid widening investigation into corruption... READ MORE›
INVESTORS, ECONOMISTS BRACE FOR NEW DANGEROUS GAME
Economists and fund managers, as well as the Fed's policymakers, are looking to see which issues Trump will prioritize... READ MORE›
IN NEW FISCAL PLAN CHINA BETS IT CAN AVOID HARD CHOICES
Continued economic growth of at least 6.5 percent can be achieved in 2016, and a similar rate is foreseeable until 2020, he said... READ MORE›
VOTERS FACE EPIC CHOICE AT GENERAL ELECTION OVER THE SIZE OF THE STATE
Balls also sees no reason to aim ideologically, as Labour sees it for an overall surplus on the public finances... READ MORE›
BRONWYN BISHOP CLAIMED EXPENSES ON TRIP TO SOPHIE MIRABELLA'S WEDDING
Embattled Speaker Bronwyn Bishop is being accused of using taxpayers money to attend former Liberal MP Sophie Mirabella's wedding, calling the trip official business... READ MORE›
DR PATRICK BARTHOLOMEW BERTIE AHERN I PRESUME?
But Mr Lenihan also ruled out any suggestion of a fiscal stimulus in order to offset the crisis, saying the public finances were out of control ... READ MORE›
BRAZIL ANNOUNCES $17BN IN TAXES AND SPENDING CUTS TO COMBAT RECESSION
Unpopular taxes and public health and housing spending cuts included in plan to close budget deficit that caused downgrade in countrys credit rating last week... READ MORE›
CHINA NAMES NEW FINANCE MINISTER, SEEN MAINTAINING EXPANSIONARY POLICY
China's current fiscal deficit target is 3 percent of gross domestic product GDP, up from an actual 2.4 percent in 2015... READ MORE›
A DEATH FORETOLD: WATCH AS PRITI PATEL TRASHES OUR PROUD RECORD ON AID | ADITYA CHAKRABORTTY
Their line never changed development money funds corrupt Africans and charity begins at home... READ MORE›
CHINA'S JULY FISCAL SPENDING PACE SLOWS, BUT REVENUES RISE
Government spending in the first seven months of the year rose 14.5 percent on year, while revenues increased 10 percent... READ MORE›
WHY TRUMP'S FISCAL PLANS MIGHT NOT BLOW UP THE BUDGET
Why Trump's Fiscal Plans Might Not Blow Up the Budget... READ MORE›