public-finance
Top StoriesRomanian Coalition Government Secures Parliament Confidence Vote
FinanceUK Borrows Less Than Expected in November but Reeves Still Under Pressure
Top StoriesRomanian Government Talks Hampered by Demand for Fiscal Clarity
FinanceGreece Backs Higher Tax on Short-Term Rentals, Levy on Cruise Arrivals
French Tightening Plans Credible, Dutch Want to Spend Too Much, Says Commission
Date: November 27, 2024
By Jan Strupczewski BRUSSELS (Reuters) -France’s draft 2025 budget and medium-term plan to bring down public debt are in line with EU rules and credible, while spending plans of the normally frugal Netherlands are too high, the European Commission said on Tuesday. In an assessment of draft budgets of euro zone countries and their four-...
New German Finance Minister Wants ‘realistic’ Debt Brake Reform, Report Says
Date: November 22, 2024
BERLIN (Reuters) -New German Finance Minister Joerg Kukies dampened expectations that a reform of the nation’s spending cap, known as the debt brake, could lead to more leeway in the federal budget in an interview with the Handelsblatt newspaper published on Friday. “You have to look at what is realistic and what there could be...
UK Borrows Higher-Than-Expected 17.4 Billion Pounds in October
Date: November 21, 2024
LONDON (Reuters) -Britain borrowed more than expected in October, according to official data that showed the scale of the challenge facing finance minister Rachel Reeves who says she will fix the public finances as well as increase spending sharply. In October alone, public sector net borrowing stood at 17.4 billion pounds ($22.0 billion), the Office...
Explainer-France’s Barnier Likely to Ram Through Budget Bill as Talks Stall
Date: November 19, 2024
PARIS (Reuters) – France’s 2025 belt-tightening budget heads to the Senate next week, but few doubt the government will soon be obliged to bypass lawmakers with a risky constitutional measure that rams the legislation through parliament. With French public finances increasingly out of control, the 2025 budget bill seeks to squeeze 60 billion euros in...
French Government to Present 2025 Belt-Tightening Budget
Date: October 10, 2024
By Leigh Thomas PARIS (Reuters) – France’s government is to deliver its 2025 budget on Thursday with plans for 60 billion euros ($65.68 billion) worth of tax hikes and spending cuts to tackle a spiralling fiscal deficit. Prime Minister Michel Barnier’s new government is under increasing pressure from financial markets and France’s European Union...
Analysis-Extreme Weather Adds to Fiscal Strains in Central Europe
Date: September 20, 2024
By Jan Lopatka, Karol Badohal and Gergely Szakacs PRAGUE/WARSAW (Reuters) – Just a week ago, before deadly floods swept through central Europe, the Czech Republic looked on track to become the first country in the region since COVID-19 to pull its budget deficit firmly below the 3% of GDP cap set by European Union rules....