All posts tagged "fiscal deficit"

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  New Zealand sets out 2021 budget with new inclusive wellbeing framework

  New Zealand has published its annual Budget, setting out an updated approach to wellbeing, explaining how it plans to rebuild the country’s economy after the COVID-19 pandemic, and allocating funds

  • Posted May 20, 2021
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  Opinion: the public sector will bear the brunt of Sunak’s push to balance the books

  The budget suggests that this government believes it is business who will power the UK’s recovery from COVID-19. But it’s a fair bet that departments will end up feeling the

  • Posted March 4, 2021
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  Layers upon layers: how financial data paints a picture of the pandemic

  Governments have found new sources of real-time financial data that give a clear view of COVID-19’s impact on industries, businesses and workers. At the 2020 Government Finance Summit, top officials

  • Posted February 3, 2021
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  Spare room superheroes: how finance departments met the pandemic threat

  When COVID-19 struck, finance departments around the world sent their staff home – and asked them to put their economies into induced comas. At the Global Government Finance Summit, senior

  • Posted January 15, 2021
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  OECD warns against pivot to austerity

  The chief economist of the OECD has urged governments not to rush to cut public spending deficits, setting out a very different position from that taken by the organisation in

  • Posted January 4, 2021
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  UK chancellor Rishi Sunak must ensure the cut to foreign aid is temporary

  Opinion: As the UK retreats from its pledge to spend 0.7% of GDP on overseas aid, the public finance professionals’ body CIPFA is urging ministers to revive the commitment as

  • Posted November 27, 2020
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  South Korea commits US$4bn to bolster tech sectors

  The South Korean government will spend S$4.7 trillion (US$3.9bn) of its 2020 budget on technologies such as artificial intelligence (AI), in a bid to boost R&D, infrastructure and economic growth.  

  • Posted August 22, 2019
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  Russian retirement ages to rise as demographics squeeze pensions pot

  Russia has announced a rise in the retirement age, with the goal of avoiding deficits in the state pension fund as the proportion of pensioners to taxpayers grows within an

  • Posted July 31, 2018
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  US budget deal set to protect civil servants from further pay cuts

  Public sector unions have welcomed the new spending agreement signed into law last week, with American Federation of Government Employees National President J. David Cox Sr noting that the longer-term

  • Posted March 29, 2018
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  Pensions reform aims to tackle Brazilian deficit

  Violent clashes outside Brazil’s parliament have underlined fierce opposition to pension reforms, aimed at balancing the country’s troubled public finances, which could raise the minimum retirement age to 65. Off-duty

  • Posted April 21, 2017
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