fiscal-consolidation
Top StoriesNew German Finance Minister Wants ‘realistic’ Debt Brake Reform, Report Says
Top StoriesExplainer-France’s Barnier Likely to Ram Through Budget Bill as Talks Stall
FinanceGreek Finance Minister Vows to Keep Debt’s Share of Economy Shrinking
Top StoriesAnalysis-Extreme Weather Adds to Fiscal Strains in Central Europe
German Coalition Passes 2025 Budget After Months of Wrangling
Date: July 17, 2024
By Maria Martinez BERLIN (Reuters) -The German cabinet passed its 2025 budget on Wednesday after months of wrangling, even though a 17 billion euro ($18.6 billion) gap between projected spending and revenue has still to be covered. The cabinet also passed an economic package that aims to rev up the euro zone’s biggest economy and...
Analysis-France May Be Next Test of the Euro’s Foundations
Date: June 26, 2024
Analysis-France may be next test of the euro’s foundations By Francesco Canepa and Leigh Thomas FRANKFURT/PARIS (Reuters) – “Because it’s France” was how Jean-Claude Juncker, European Commission president at the time, explained Brussels’ decision in 2016 to give leeway to the large, founder member of the European Union on the bloc’s budget rules. That patience...
German Government Plans Supplementary Budget for 2024, Bild Says
Date: June 13, 2024
German government plans supplementary budget for 2024, Bild says BERLIN (Reuters) – The German government is planning a supplementary budget for the current year with up to 11 billion euros ($11.89 billion) in additional borrowing while respecting the debt brake, newspaper Bild said on Thursday, citing government sources. The ministry of finance informed budget politicians...
Indian PM Modi’s Coalition Presents Claim to Form New Government
Date: June 7, 2024
Indian PM Modi’s coalition presents claim to form new government By Sarita Chaganti Singh, Shivam Patel and Nigam Prusty NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi’s National Democratic Alliance formally presented its claim on Friday to form a government, as Modi promised that his new coalition of 15 parties would strive for unanimity and...
Italy’s Large Deficit, Debt Could Erode Investor Confidence, IMF Warns
Date: May 20, 2024
Italy’s large deficit, debt could erode investor confidence, IMF warns By Giuseppe Fonte ROME (Reuters) – Italy’s huge budget deficit and debt along with delays in spending post-COVID EU funds could erode investor confidence, the International Monetary Fund warned on Monday. In its annual Article IV report on the Italian economy, the IMF urged the...
German Experts Cut Their Tax Revenue Forecasts for 2024-28 by 1.5%
Date: May 16, 2024
German experts cut their tax revenue forecasts for 2024-28 by 1.5% By Maria Martinez BERLIN (Reuters) -Germany’s council of tax experts cut their forecast for total tax revenue over the next five years by 1.5% on Thursday, which could add another layer of complexity to already challenging negotiations for next year’s budget. The council now...