fiscal-consolidation
Top StoriesFactbox-German Cabinet Approves Savings Plans for 2024 Budget
Top StoriesExplainer-What Is Happening With Germany’s 2024 Budget?
Top StoriesGerman 2024 Budget Could Be Ready Soon – Scholz
Top StoriesGerman Budget Crisis Talks Enter Crunch Week
Imperative for Italy to Control Public Spending, Economy Minister Says
Date: October 10, 2023
Imperative for Italy to control public spending, economy minister says By Giuseppe Fonte ROME (Reuters) – Italy’s economy minister said on Tuesday strict control of public spending was essential as the European Union prepares to restore tough fiscal rules next year that have been suspended since 2020 due to the COVID-19 pandemic. EU governments are...
Shutdown Showdown in US Congress: Time Running Short to Fund Government
Date: September 26, 2023
Shutdown showdown in US Congress: Time running short to fund government By David Morgan and Andy Sullivan WASHINGTON (Reuters) – The U.S. House and Senate on Tuesday plan to take sharply divergent paths in a high-stakes spending battle, with just five days remaining until a deadline that could force wide swaths of the government to...
Euro Zone Ministers Agree on Gradual Wind-Down of Spending
Date: July 14, 2023
Euro zone ministers agree on gradual wind-down of spending BRUSSELS (Reuters) – Euro zone finance ministers agreed on Thursday that the single currency area needed a “determined, gradual and realistic” reduction of government spending to boost economic growth and prepare for future challenges. In a statement agreed at the Eurogroup meeting in Brussels, the ministers...
Slovak Prime Minister Says 2023 State Budget Will Be Approved in Time
Date: December 21, 2022
(Reuters) – The Slovak parliament will approve the 2023 state budget this week, enabling the government to help people hit by soaring energy prices, Prime Minister Eduard Heger said on Tuesday. Approving the budget in time appeared unlikely after Heger’s minority centre-right government lost a no-confidence vote in parliament last Thursday. His cabinet has been...
UK Faces 50 Billion Pound Fiscal Hole, Government Sources Say
Date: November 7, 2022
By Elizabeth Piper and David Milliken LONDON (Reuters) – British finance minister Jeremy Hunt will seek to fill a 50 billion pound ($57 billion) hole in the country’s public finances with around 30 billion pounds of spending cuts and 20 billion in tax rises, two government sources said on Monday. Hunt is due to present...
Austria Plans to Bring Budget Deficit Within 3% of GDP Next Year
Date: October 12, 2022
VIENNA (Reuters) – Austria plans to bring its budget deficit within the European Union’s limit of 3% of gross domestic product in 2023, a finance ministry presentation published shortly before Finance Minister Magnus Brunner’s budget speech said on Wednesday. The presentation showed the budget deficit shrinking from 5.9% of GDP last year to 3.5% this...