Reform UK has contacted major gilt holders as rising borrowing costs threaten the UK’s public finances.…
Tag: fiscal policy
Germany and Allies Push for EU Budget Cuts, Reject Borrowing
Germany and five other northern European countries showed a willingness to compromise on the EU budget…
Irish Fiscal Council Criticizes Government’s Budget Plans
The Irish Fiscal Advisory Council (Ifac) has raised concerns about the Government's proposed €8.5 billion budget…
US National Debt Surpasses $40 Trillion for First Time
The US national debt has hit a record $40 trillion. This marks a key moment in…
China Unveils Fiscal Measures to Boost Weak Economic Growth
China's Ministry of Finance announced new fiscal measures on Friday to boost domestic consumption as economic…
UK Government Reports £1.8 Billion Deficit in July 2023
The UK government reported a larger than expected deficit of £1.8 billion in July, according to…
Romania’s Public Debt Hits 60.1% of GDP, New Action Required
Romania's public debt has crossed 60% of GDP for the first time. It reached 60.1% at…
US National Debt Surpasses $40 Trillion for First Time
The United States national debt has surpassed $40 trillion for the first time, according to the…
UK borrowing falls in June as Burnham cuts VAT on energy
The UK government reported a lower-than-expected borrowing figure for June, coinciding with Prime Minister Andy Burnham's…
U.S. National Debt Exceeds 100% of GDP, CBO Warns of Risks
The U.S. national debt has surpassed $31.68 trillion, exceeding 100% of the country's gross domestic product…