Page 2 - Fiscal Risks News Today

Developing countries face massive infrastructure needs, but public spending on infrastructure is inadequate, and public investment has been declining in recent years. Rising debt levels and tightening fiscal and monetary conditions are putting further pressure on the funds available for infrastructure, heightening the importance of increasing the efficiency of infrastructure spending. Off the Books: Understanding and Mitigating the Fiscal Risks of Infrastructure shows that however governments de...

Sri Lanka plans to abolish land grants to plantations companies and give lands to the people, President Ranil Wickremesinghe has said according to a statement by his media office.

The delay in the International Monetary Fund (IMF) Board approval on a $2.9 billion loan for Sri Lanka is not only due to a dragging Chinese debt restructuring talks, a top official who is directly involved with the debt restructuring negotiation said.

Standard and Poors has downgraded Pakistan to CCC+ as the country continued to loses reserves and the currency fell to new historic lows under a flexible exchange rate.

Local-level coffers are running low in some parts of China as the government sticks with its restrictive zero-Covid policy, and there are rising concerns that public services could be adversely affected.

As well as an imploding government, last week also saw the introduction of a lot more political and economic uncertainty courtesy of the UK Office for Budget Responsibility (OBR).

The UK Office of Budget Responsibility recently cautioned that factoring in a stylised estimate of the asymmetric costs associated with inevitable periodic shocks would push...

Surging spending on old age care will cause national debt to balloon, predicts watchdog

This  World Bank’s Policy Research Working Paper Series introduces 6 papers published from March 1 to March 15 on various topics, including taxation, gender, and wildfire smokes.

In a recent article, Rajan flagged the potential pain that global financial markets might see when central banks turn off the easy money tap. The world over, government debt is rising exponentially and more worryingly, an increasing amount of the debt maturity profile is skewed through issuance of longer-dated securities.