Page 80 - Fiscal News Today

The European Union is about to undergo a much-needed review of its fiscal status quo.Experts at the European Commission are considering how the EU’s fiscal rulebook should be revised, and Germany’s new government has quietly signaled a willingness to consider changes – though any modifications there will most likely be limited, given disagreements...

Chinese policymakers vowed to adopt more efficient fiscal measures to stabilize economic growth in 2022, while still reining in government debt amid regulations on financing and the property sector, experts said on Monday.

A credible set of fiscal rules is needed to reduce fiscal deficits and debt-to-gross domestic product (GDP) ratios to sustainable level, promote inclusive economic growth, mitigate room for fiscal manipulation and encourage politicians to prioritise among the many demands on the annual budget.

MALAYSIA’s economic growth and fiscal positions had been adversely affected due to the unprecedented Covid-19 pandemic and the low commodity prices.

Strong order execution will swell the revenue of road engineering, procurement and construction (EPC) companies by 15 per cent this fiscal, compared to 5 per cent in the pandemic-marred last fiscal, said Crisil Ratings.

Japan will review the timeframe early next year for its target of balancing the budget, Prime Minister Fumio Kishida said on Tuesday, brushing aside prospects that it could ditch the goal to further boost spending.

Alberta’s government is asking Albertans to help set the direction of the upcoming budget.

Eighty House Republicans, along with Democrats, voted Tuesday to pass the Immunization Infrastructure Modernization Act, which if made it through the Senate and passed as law, would fund a federal vaccination database.

Healthy monsoon season along with pent-up demand are expected to accelerate Indias Q2FY22 GDP growth rate to over 7 per cent during Q2FY22, experts said.

Healthy monsoon season along with pent-up demand accelerated Indias Q2FY22 GDP growth rate to 8.4 per cent on a year-on-year basis.