Page 4 - Fiscal Rules News Today

With a general election coming in the next year, Downing Street continues to make a virtue out of its supposed fiscal discipline, foregoing – seemingly deliberately – anything that might be deemed fiscally reckless or otherwise unaffordable vote-buying.

NEW YORK (Reuters) -Brazil's central bank chief Roberto Campos Neto on Thursday said any change to the country's fiscal target would raise concerns, following comments by President Luiz Inacio Lula da Silva casting doubt on the government's vow to erase a budget deficit. Campos Neto told the Reuters NEXT conference in New York that "there is a lot of uncertainty on whether Brazil is going to be able to actually have a sustainable fiscal path," adding that it pushes up r...

Italian Prime Minister Giorgia Meloni on Wednesday called on the European Union to focus more on growth than on stability in drafting its new fiscal rules, saying investments in defence and aid to Ukraine should be stripped from deficit calculations. The EU's fiscal rules, suspended since 2020 due to the COVID-19 pandemic, are due to return next year with amendments now being negotiated by governments, and Italy is proposing ways to make them as lenient as possible. "The new rules mu...

(Bloomberg) -- European Central Bank chief Christine Lagarde reckons the fight against inflation is going well but the lack of a regional deal on fiscal rules is turning into a headache, according to people familiar with the matter.Most Read from BloombergAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantNobody Wants Mutual Funds NowIsrael Latest: Macron Warns Militants as Sides Trade StrikesChina Repeats Its View That Israel Must Protect CiviliansXi Makes Unprecedented...

(Bloomberg) -- European Union governments must resolve divisions over new deficit and debt rules to give clarity to bond markets on how they will repair public finances after the Covid pandemic and energy crisis, European Stability Mechanism Chief Economist Rolf Strauch said.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysKey Taiwan Tech Firms

European Union finance ministers on Saturday backed a timeline calling for the reform of the bloc's fiscal rules by the end of the year as they look to balance debt cuts with investing in an individually tailored yet equal way. "It may be challenging but... the Spanish Presidency is committed to this timeframe and just today we outlined the way to do it, the fiscal 'camino'," European Commission Vice-President Valdis Dombrovskis told a news conference. Dombrovskis was ...

The European Union is close to agreeing provisions in revamped fiscal rules to enable extra military spending in the wake of Russia's invasion of Ukraine, officials close to the talks said. EU fiscal rules underpin the euro currency used in 20 nations by limiting government borrowing. The bloc's executive European Commission is supposed to start disciplinary steps against countries that exceed these limits.

Labour is considering scrapping more big spending policies in wake of Sir Keir Starmer’s about-turn on green energy, The Telegraph understands.

A report by the New Economics Foundation looks into the challenge of reconciling the European Green Deal with the bloc's fiscal rules.

A think tank has called for an end to political and fiscal incentives that harm public services and hinder economic growth.