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Europe s Fiscal Crisis Revealed: An In-Depth Analysis of Spending, Austerity, and Growth

Europe s Fiscal Crisis Revealed: An In-Depth Analysis of Spending, Austerity, and Growth
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Czech republicNew zealandUnited statesSerbia generalBruxelles capitaleUnited kingdomNational bureau of economic researchCity ofLibrary of congressDistrict of columbiaEast germanyWest germanyRichard wagnerCarlo faveroDavidh romerJames buchanan

Final vote on the state budget law

The PSD-PNL coalition organized a new mock debate on the data entered in the 12,000 pages, of which 5,000 represent the amendments submitted by the political opposition The Fiscal Council: "The Government's estimated deficit of 5% of GDP for next year will not could be achieved; in reality, at the end of 2024, we will have a cash deficit that will be around 6.4% of GDP"

Alexandru rafilaSebastian burdujaAlexandru nazareDaniela pescaruSimona bucura oprescuFlorin barbuKelemen hunorDrug agencyPlenary of the parliamentMinistry of developmentPresidential administrationMinistry of theFiscal councilFund for modernizationMinistry of educationMinistry of european investments

Analysis-Argentina investors brace for financial pain no matter who wins presidency

Global investors expect a large amount of financial pain out of Argentina no matter who voters pick on Sunday as their next president, with social unrest as top of mind as a much-needed fiscal adjustment will likely trigger even more inflation. Economy minister Sergio Massa and populist outsider Javier Milei go head-to-head in the Nov. 19 presidential election run-off, a choice between sticking with the current Peronist government or a sharp swerve to a right-wing libertarian. "There is no room left to muddle through with the current economic policy stance, and the incoming president will have to take a turn in economic policy," Barclays' Latam economist Pilar Tavella said in a Wednesday note.

New yorkUnited statesJpmorgan diego celedonSergio massaAlejo czerwonkoRodrigo camposLisa shumakerPilar tavellaJavier mileiAdam jourdanBarclay latamInternational monetary fundEmerging markets americasCarlos de sousaVontobel assetJavier milei

World Bank sounds alarm as 12 5 million more Pakistanis slip below poverty line

The World Bank has reported that poverty in Pakistan has risen to 39.4 percent during the last fiscal year, with 12.5 million more people falling below the poverty line due to economic challenges.

United statesWorld bankDistrict of columbiaTobias haqueAayushi agarwalComputerised national identity cards cnicsBenazir income support programmeHigher education commissionExpress tribuneComputerised national identity cardsWashington based international monetary fundPoverty in pakistanFiscal stabilityEconomic challengesTax reformsGovernment revenues

The contradiction in the EU between deficit targets and green investments

A study carried out by the British think-tank New Economics Foundation shows that at the moment only 4 EU states can meet the targets set by the European Commission regarding combating climate change, by increasing the financing of green investments by 3% Regarding the requested fiscal adjustment by the Commission of some member states, NEF states: "the countries that made more drastic fiscal adjustments recorded an increase in the budget deficit and not a decrease"

Czech republicFrance generalUnited kingdomBruxelles capitaleEconomics foundationEuropean commissionEuropean unionInternational monetary fundNew economicsNew economics foundationEuropean commissionNew economics foundationGreen investmentFiscal consolidationFiscal adjustmentEconomic growth