EU Approves France's Budget Despite High Deficit
The EU approved France's 2024 budget on January 21st, despite a projected 6.1% deficit exceeding the 3% limit, requiring significant spending cuts to reach 5.4% in 2025 and under 3% by 2029; this follows the European Commission's positive assessment and involves 21 EU member states' approved budgets...
EU Approves France's Budget Despite High Deficit
The EU approved France's 2024 budget on January 21st, despite a projected 6.1% deficit exceeding the 3% limit, requiring significant spending cuts to reach 5.4% in 2025 and under 3% by 2029; this follows the European Commission's positive assessment and involves 21 EU member states' approved budgets...
Progress
40% Bias Score
Austria Averts EU Deficit Procedure With Last-Minute Budget Deal
Austria's FPÖ and ÖVP formed a coalition government and presented a budget plan to the EU on Monday, aiming to avoid a deficit procedure by cutting €6.4 billion without raising taxes; this follows failed negotiations with a center-left coalition.
Austria Averts EU Deficit Procedure With Last-Minute Budget Deal
Austria's FPÖ and ÖVP formed a coalition government and presented a budget plan to the EU on Monday, aiming to avoid a deficit procedure by cutting €6.4 billion without raising taxes; this follows failed negotiations with a center-left coalition.
Progress
60% Bias Score
French Political Irresponsibility Amidst Economic Crisis
French politicians are criticized for neglecting crucial economic issues like rising public debt and deficit, prioritizing the 2027 election instead; this is contrasted with the global concerns raised by Donald Trump's return to power.
French Political Irresponsibility Amidst Economic Crisis
French politicians are criticized for neglecting crucial economic issues like rising public debt and deficit, prioritizing the 2027 election instead; this is contrasted with the global concerns raised by Donald Trump's return to power.
Progress
64% Bias Score
Australia Faces \$21.8 Billion Budget Deficit, Higher Taxes, and Service Cuts Imminent
Australia's mid-year economic and fiscal outlook reveals a \$21.8 billion budget deficit over four years, driven by increased spending and sluggish growth, necessitating tax increases and service cuts without fiscal reform; a surplus is not projected until 2034/35.
Australia Faces \$21.8 Billion Budget Deficit, Higher Taxes, and Service Cuts Imminent
Australia's mid-year economic and fiscal outlook reveals a \$21.8 billion budget deficit over four years, driven by increased spending and sluggish growth, necessitating tax increases and service cuts without fiscal reform; a surplus is not projected until 2034/35.
Progress
44% Bias Score
French Government Inaction Leads to 6.1% Budget Deficit
A French Senate report reveals government inaction from December 2023, leading to a 6.1% budget deficit in 2024 (vs. 4.4% projected), due to delayed responses and political considerations, highlighting internal notes warning of the critical situation.
French Government Inaction Leads to 6.1% Budget Deficit
A French Senate report reveals government inaction from December 2023, leading to a 6.1% budget deficit in 2024 (vs. 4.4% projected), due to delayed responses and political considerations, highlighting internal notes warning of the critical situation.
Progress
60% Bias Score
Le Maire Defends Economic Record Amidst Deficit Controversy
Former French Minister Bruno Le Maire defends his economic record amidst controversy over France's rising public deficit, shifting blame to administrative errors and the current government.
Le Maire Defends Economic Record Amidst Deficit Controversy
Former French Minister Bruno Le Maire defends his economic record amidst controversy over France's rising public deficit, shifting blame to administrative errors and the current government.
Progress
0% Bias Score
EU Approves France's Revised Budget, Projecting 5.4% Deficit in 2025
On January 20th, the European Commission approved France's revised budget, projecting a 5.4% deficit in 2025 but maintaining the goal of a deficit below 3% by 2029; this follows a government change and aims to address France's high debt.
EU Approves France's Revised Budget, Projecting 5.4% Deficit in 2025
On January 20th, the European Commission approved France's revised budget, projecting a 5.4% deficit in 2025 but maintaining the goal of a deficit below 3% by 2029; this follows a government change and aims to address France's high debt.
Progress
48% Bias Score
China to Implement Proactive Fiscal Policy with Increased Deficit and Bond Issuance
China will significantly increase its fiscal spending in 2024, raising its deficit-to-GDP ratio potentially to 4 percent and issuing more government bonds to boost economic growth, specifically targeting infrastructure and affordable housing to counter domestic and global economic headwinds.
China to Implement Proactive Fiscal Policy with Increased Deficit and Bond Issuance
China will significantly increase its fiscal spending in 2024, raising its deficit-to-GDP ratio potentially to 4 percent and issuing more government bonds to boost economic growth, specifically targeting infrastructure and affordable housing to counter domestic and global economic headwinds.
Progress
52% Bias Score
Thuringia's New Coalition to Revise 2025 Budget, Addressing 165 Million Euro Shortfall
Thuringia's new government coalition plans to significantly revise the 2025 budget, aiming to address a 165 million Euro shortfall and additional 273 million Euro request from local governments, all while investing in the state's future.
Thuringia's New Coalition to Revise 2025 Budget, Addressing 165 Million Euro Shortfall
Thuringia's new government coalition plans to significantly revise the 2025 budget, aiming to address a 165 million Euro shortfall and additional 273 million Euro request from local governments, all while investing in the state's future.
Progress
40% Bias Score
Australia's Budget Deficit Blows Out by \$22 Billion
Australia's mid-year budget review reveals a \$22 billion increase in projected deficits over the coming years, driven by increased government spending in areas like aged care and early childhood education, coupled with lower-than-expected tax revenue from sources such as tobacco excise and company ...
Australia's Budget Deficit Blows Out by \$22 Billion
Australia's mid-year budget review reveals a \$22 billion increase in projected deficits over the coming years, driven by increased government spending in areas like aged care and early childhood education, coupled with lower-than-expected tax revenue from sources such as tobacco excise and company ...
Progress
44% Bias Score
Post-Election Tax Policy Challenges
Analysis of the tax policy challenges facing the Trump administration and the Republican Party following the 2024 election, focusing on extending the 2017 tax cuts and addressing the national deficit.
Post-Election Tax Policy Challenges
Analysis of the tax policy challenges facing the Trump administration and the Republican Party following the 2024 election, focusing on extending the 2017 tax cuts and addressing the national deficit.
Progress
0% Bias Score
France's Social Security System Faces Unsustainable Deficit
The French social security system faces a massive \u20ac18 billion budget deficit in 2024, primarily due to healthcare spending exceeding expectations and inaccurate government revenue projections. The Court of Auditors warns of an unsustainable situation.
France's Social Security System Faces Unsustainable Deficit
The French social security system faces a massive \u20ac18 billion budget deficit in 2024, primarily due to healthcare spending exceeding expectations and inaccurate government revenue projections. The Court of Auditors warns of an unsustainable situation.
Progress
0% Bias Score