State must enforce austerity to stay afloat
Kenya Kwanza must at least show a commitment to frugality and prioritising taxpayer money for essential services.
Stay updated with breaking news from Austerity Measures. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Kenya Kwanza must at least show a commitment to frugality and prioritising taxpayer money for essential services.
Czech President Petr Pavel has signed Wednesday into law an economic package of dozens of measures introducing budget cuts and increased taxes designed to keep the ballooning budget deficit under control. Pavel's signature was the last step before the government proposal — which was approved by parliament — turned into law that would see Czechs pay more taxes on alcoholic beverages, in the country renowned for its beer, and medicine. Businesses would also pay higher corporate taxes.
Money-saving measures are announced by President Lazarus Chakwera following IMF funding.
David Cameron, 57, served as British prime minister from 2010 to 2016, resigning after the outcome of the Brexit vote, when Britain voted to leave the European Union. * A former public relations executive for a commercial television company, he became Britain's youngest leader in almost two centuries after the 2010 election when he led the nation's first coalition government since World War Two. * A descendant of King William IV, who went to the exclusive private school Eton College and then Oxford University, he faced accusations of being out of touch as his government implemente...
On the eve of the mini-budget, the union federation says a different approach to revive the economy must be prioritised immediately.