public-finance
Top StoriesItaly Unveils Tax-Cutting 2024 Budget Amid Debt Worries
Top StoriesShutdown Showdown in US Congress: Time Running Short to Fund Government
Top StoriesItaly Relies on GDP Revisions to Limit 2023 Deficit Rise -Sources
Top StoriesCzech Finance Ministry Proposes 2024 State Budget With $11.3 Billion Deficit
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...
Italy’s Finances Creak as Budget Deficit Climbs in Q1
Date: July 4, 2023
Italy’s finances creak as budget deficit climbs in Q1 By Gavin Jones and Giuseppe Fonte ROME (Reuters) – Italy’s budget deficit widened in the first quarter to 12.1% of gross domestic product (GDP) compared with 11.3% in the same period of 2022, data showed on Tuesday, getting public finances off to a bad start after...
High Inflation Helps to Swell UK Budget Deficit in April
Date: May 23, 2023
LONDON (Reuters) -Britain borrowed more than expected in April as high inflation pushed the government’s debt interest bill to a new record for the month, even before expected tax cuts by Finance Minister Jeremy Hunt ahead of the next election. Public sector net borrowing, excluding state-owned banks, rose in April to 25.56 billion pounds ($32.26...
Energy Bill Support Pushes UK Budget Deficit to February Record
Date: March 21, 2023
By Andy Bruce and Sachin Ravikumar LONDON (Reuters) -Britain recorded the largest budget deficit for any February since at least 1993 when monthly records started, swelled by government spending on energy bill support programmes, official data showed on Tuesday. The Office for National Statistics said public sector net borrowing, excluding state-owned banks, was 16.68 billion...
British PM Sunak Explores Public Sector Pay Deal That Backdates Wage Offer -Ft
Date: February 15, 2023
(Reuters) – British Prime Minister Rishi Sunak and finance minister Jeremy Hunt are considering a deal to end a wave of strikes among Britain’s public sector workers that would backdate next year’s pay rise, the Financial Times reported on Tuesday. Sunak and Hunt are mulling giving NHS staff and other key workers a lump-sum payment...
Energy Support, Debt Interest Help to Swell UK Borrowing
Date: January 24, 2023
LONDON (Reuters) -Britain’s government borrowed more last month than in any December since monthly records began 30 years ago, reflecting the huge cost of energy support, soaring debt interest linked to rising inflation. The Office for National Statistics (ONS) said public sector net borrowing, excluding state-owned banks, was 27.4 billion pounds ($33.97 billion) in December,...