Keywords: Fiscal policy
In light of soaring profits among oil companies amid the ongoing war in the Middle East and increasing pressure on purchasing power, six member states of the European Union are seeking to open the debate on a windfall tax. Germany, Italy, Austria, Poland, Portugal, and Spain are requesting that the issue......
Elon Musk has described the prospect of US public debt reaching $50 trillion as a serious warning for the American economy, endorsing a social media post that predicted severe consequences if government borrowing continues to rise. The SpaceX chief responded on X to a post featuring a chart projecting......
Uganda is set to resume discussions with the International Monetary Fund (IMF) over a new financial support programme, as the East African country seeks to strengthen its economic outlook and secure a new framework for cooperation with the international lender. Sebastian Walker, the IMF's resident......
The International Monetary Fund is preparing to send a team to Uganda in September for renewed discussions on a potential financial support programme, as the East African economy seeks to strengthen its public finances while preparing for a major shift linked to the expected start of crude oil production. The......
American media personality Tucker Carlson has raised concerns about the financial situation of the United States, arguing that the country's growing debt burden reflects a deeper structural problem in the national economy. In comments reported by Russian media, Carlson described the United States......
Vietnamese authorities are preparing a tax relief package aimed at small businesses, individual entrepreneurs and household enterprises as part of broader efforts to stimulate private-sector activity and sustain economic growth. Under the proposed measure, taxes would be reduced by 30% during 2026 and......
Italy will take full advantage of the European Union's fiscal flexibility to finance energy-related initiatives, while opting not to fully use the available budget space for higher defense expenditure, Economy Minister Giancarlo Giorgetti announced on Wednesday. Speaking in Rome, Giorgetti said......
Japan is set to introduce its most significant consumption tax reform in decades after Prime Minister Sanae Takaichi announced a temporary reduction in the tax applied to food and beverages. Beginning in April 2027, the rate will fall from 8% to 1% for a two-year period as the government seeks to cushion......
Japanese Prime Minister Sanae Takaichi is facing mounting political and financial challenges as declining public support limits her government's room to maneuver on economic policy, intensifying pressure from investors concerned about Japan's fiscal outlook. Recent opinion polls show Takaichi's......
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