The economy is expected to grow and there are other positive signs ahead but the mid-year economic update has revealed the government will need to keep inflation in check.
The deal would raise the ceiling for two years, cap some federal spending and impose new work requirements on certain federal benefits. It still needs the blessing of Congress.
Bill Clinton, at right, oversaw the first balanced budget since 1969, with some help from a bipartisan deal with Newt Gingrich.
AP Photo/Doug Mills
House Speaker McCarthy wants to put the US on a path to a balanced budget as debt ceiling negotiations begin with President Biden. Here’s why it won’t be easy to repeat what Bill Clinton accomplished.
Nigeria’s 2023 budget could worsen the country’s cycle of deficits and debts.
New train services like this, in Lagos, are designed to boost economic activities and ease movement of passengers.
Pius Utomi Ekpei/AFP via Getty Images
Whether a budget should be in surplus or deficit depends on the circumstances of the time. Gillard didn’t recognise it, Abbott didn’t recognise it. At last the message is getting through.
You get the metaphor.
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The government has brought forward planned future tax cuts. And while some say we shouldn’t be cutting taxes during a recession, the plan has its merits.
The federal budget is set to deliver faster tax cuts and cash for pensioners amid a Herculean push to create more jobs.
South Africa’s finance minister Tito Mboweni says the IMF loan will limit the country’s economic vulnerabilities which have been exacerbated by COVID-19.
Gallo Images/Brenton Geach
The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.