#fiscal-policy

#fiscal-policy

The board, which will meet weekly, is designed to ensure closer coordination between No 10 and the Treasury after criticism of Chancellor Rachel Reeves's first Budget, which drew backlash from business groups over steep tax rises. The new structure will be co-chaired by Torsten Bell, pensions minister and former director of the Resolution Foundation, and Minouche Shafik, Starmer's recently appointed chief economic adviser.

Indonesian President Prabowo Subianto abruptly replaced Sri Mulyani Indrawati as finance minister, risking renewed financial turmoil for Southeast Asia's biggest economy following violent protests in recent weeks against his administration. Purbaya Yudhi Sadewa, who has served as chairman of the Deposit Insurance Corporation since 2020, was sworn in as finance minister at a hastily-arranged ceremony late Monday. He said he is "a market person" who will keep Indonesia fiscally healthy.

In July, French Prime Minister Francois Bayrou proposed eliminating Easter Monday and Victory in Europe Day (May 8) from France's annual list of 11 public holidays. Outrage ensued, with political leaders from across the spectrum attacking the plan. Bayrou said the move would help France ease budgetary pressures. He is not the only one to come up with such a proposal.

Progressives were elated when Assemblymember Zohran Mamdani won an upset victory over former Gov. Andrew Cuomo in the Democrats' New York mayoral primary this past June. The 33-year-old self-described socialist's win "sends a clear message," Jared Abbott in . "A bold populist campaign and a laser-like focus on economic issues can break through to voters, even when insiders, billionaires, and the party establishment line up in opposition.

CFOs from major companies are integrating AI into their operations, using it for sentiment analysis, scenario planning, and resource allocation based on market changes.

Public broadcasting has long been overtaken by partisan activists," said U.S. Sen. Ted Cruz of Texas, insisting there is no need for government to fund what he regards as biased media.

With annual deficits for Bay Area transit agencies approaching $800 million, the scramble is on to find the revenue needed to keep BART and the region's other bus and rail systems operational.

last week's blowout is reminder to the government that gilt market will not accept excess borrowing

There is certainly plenty to hate for all kinds of Republicans. Swing-district 'moderates' upset about the Medicaid cuts in the House-passed bill saw them grow deeper in the Senate.

(The welfare U-turn) is signalling that the Labour Party is a lot less concerned about what the gilt market thinks. I would have thought it was seared into politicians' memories what happened to Liz Truss.

The Senate tax bill could add nearly $3.3 trillion to US deficits over a decade, raising concerns about its fiscal impact and long-term sustainability.

Just as a hidden and exceptionally costly Oakland property tax to pay for city employee pensions winds down after 45 years, officials are planning another levy to offset the cost of retirement benefits.

'The budget is legally balanced, but the town has a structural imbalance which will grow if not addressed,' Constantin said.

The budget for the fiscal year 2025-2026 ramps up defence spending to 2.55 trillion rupees ($9bn), up 20 percent from the current fiscal year.

Stride emphasizes that the Conservatives will not repeat the economic mistakes of the past, highlighting the importance of responsible fiscal discipline over unfunded tax cuts.