Congress is again on the brink of a government shutdown less than four months after the last close call.
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.
Ruto’s administration continues to borrow, just like the previous regime.
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.
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.
Over the forward estimates, the budget bottom line is estimated to be $42 billion better than what was expected in March.
Nigeria’s 2023 budget could worsen the country’s cycle of deficits and debts.
Bola Tinubu will be saddled with a near comatose economy. Here are four priorities that would make the difference.
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.
Republicans and a few Democrats say the Build Back Better plan would increase the already fast pace of inflation.
Removal of the fuel subsidy in Nigeria is long overdue, but replacing it with a transport grant is not the best approach.
Germany was steady under its longstanding chancellor, but also stagnant.
Now that we are recovering from recession, there’s no telling how low we could push the unemployment rate. One estimate is 3.5%.
The 2020 budget explained in 7 charts: the major cuts and spends, the new tax rates, and that almighty debt.
The government wants consumers to spend, spend, spend: the question is whether they will feel confident to do so.
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.
Assuming jobs will grow as JobKeeper is wound back is a leap of faith.
The federal budget is set to deliver faster tax cuts and cash for pensioners amid a Herculean push to create more jobs.
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.
Modern Monetary Theory is suddenly popular because it implies governments can spend as much as they need to. But that spending comes with risks.