Tag #Fiscal Policy

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abcnews.go.com

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Apr 7, 13:16

Maryland Closes $3.3 Billion Budget Gap with Spending Cuts and Tax Increases

Maryland lawmakers addressed a $3.3 billion budget shortfall by implementing spending cuts of approximately $2 billion and tax increases generating roughly $1.6 billion in revenue; new taxes target high-income earners and specific services.

Maryland Closes $3.3 Billion Budget Gap with Spending Cuts and Tax Increases

Maryland lawmakers addressed a $3.3 billion budget shortfall by implementing spending cuts of approximately $2 billion and tax increases generating roughly $1.6 billion in revenue; new taxes target high-income earners and specific services.

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How did the political climate and differing perspectives on the budget deficit's origins influence the legislative process and the final budget outcome?

The budget adjustments reflect the state's reliance on federal funding, which was impacted by the Trump administration's policies. Republican opposition highlights the debate surrounding the deficit's causes and the chosen solutions. The state's financial reserves remain substantial, with approximately $2.1 billion in its rainy-day fund and a $300 million fund balance.

elmundo.es

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Apr 5, 07:18

Spain's €14.1 Billion Tariff Plan: Mostly Loans and Repurposed Funds

The Spanish government unveiled a €14.1 billion plan to offset tariff impacts, but over €6 billion is in loans, a third is reallocated existing EU funds, and the rest are existing measures, revealing minimal new financial commitment.

Spain's €14.1 Billion Tariff Plan: Mostly Loans and Repurposed Funds

The Spanish government unveiled a €14.1 billion plan to offset tariff impacts, but over €6 billion is in loans, a third is reallocated existing EU funds, and the rest are existing measures, revealing minimal new financial commitment.

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What is the actual financial commitment of the Spanish government's €14.1 billion plan to counteract tariff effects, and what specific new measures are included?

The Spanish government announced a €14.1 billion "Plan de Respuesta y Relanzamiento Comercial" to mitigate the effects of tariffs. However, over half of this sum consists of loans that businesses must repay, approximately €6 billion. A significant portion involves redirecting existing European funds and previously announced measures.

taz.de

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Apr 3, 22:15

German Coalition Talks Stalled by Financing Dispute

Coalition talks between Germany's SPD and CDU/CSU are deadlocked due to disagreements over financing election promises, creating a projected double-digit billion-euro deficit and delaying government formation, potentially impacting economic stability and social welfare programs.

German Coalition Talks Stalled by Financing Dispute

Coalition talks between Germany's SPD and CDU/CSU are deadlocked due to disagreements over financing election promises, creating a projected double-digit billion-euro deficit and delaying government formation, potentially impacting economic stability and social welfare programs.

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What are the long-term implications of the current impasse on German economic stability and social welfare programs?

The failure to form a German government before Easter, as promised by Friedrich Merz, underscores the deep-seated divisions between the SPD and CDU/CSU. The inability to resolve the financial issues within the coalition negotiations suggests an ongoing struggle to balance fiscal responsibility with social welfare spending and potentially a weakening of the political consensus within Germany. The high dependence of Eastern German pensioners on state pensions, at 97%, adds pressure for a solution.

welt.de

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Apr 3, 16:15

Thuringia to Incur €313 Million in New Debt for Budget

Thuringia will borrow up to €313 million to fund its budget, marking its first new debt since the COVID-19 pandemic, due to a recalculation of the debt brake, enabling loans to offset economic downturns. The move is supported by the state government for investments in municipalities, schools, and in...

Thuringia to Incur €313 Million in New Debt for Budget

Thuringia will borrow up to €313 million to fund its budget, marking its first new debt since the COVID-19 pandemic, due to a recalculation of the debt brake, enabling loans to offset economic downturns. The move is supported by the state government for investments in municipalities, schools, and in...

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How does Thuringia's approach to debt compare to other German states, and what are the underlying economic factors driving this decision?

The decision to incur debt reflects a broader trend among German states and the federal government to utilize loans for infrastructure projects and economic stimulus. Thuringia's move is justified by the need to address economic shortfalls while simultaneously investing in crucial sectors, though it faces opposition from the AfD.

elpais.com

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Apr 1, 10:17

Mexico to Present Revised Economic Forecasts Amidst Slowdown and US Tariffs

Mexico's Finance Secretary will present the 2026 Pre-criteria of Economic Policy to Congress on April 2nd, outlining public revenue and expenditure amidst a slowing economy, rising US tariffs, and a record fiscal deficit of 5.7% of GDP in 2024.

Mexico to Present Revised Economic Forecasts Amidst Slowdown and US Tariffs

Mexico's Finance Secretary will present the 2026 Pre-criteria of Economic Policy to Congress on April 2nd, outlining public revenue and expenditure amidst a slowing economy, rising US tariffs, and a record fiscal deficit of 5.7% of GDP in 2024.

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How will the Mexican government address the record fiscal deficit of 5.7% of GDP in 2024, and what austerity measures are currently in place?

Hacienda's macroeconomic forecasts will likely be revised downwards from the 2.3% GDP growth estimate in the 2025 Economic Package. This adjustment reflects the current economic uncertainty, with market predictions below 1%, and some anticipating a 2025 recession. The 0.6% contraction in the last quarter of 2024 and a fall in industrial activity further support this revision.

taz.de

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Apr 1, 22:12

Germany's Municipal Budget Deficit Hits Record High of €24.8 Billion

Germany's municipal budget deficit reached €24.8 billion in 2024, a record high since reunification, primarily due to increased social welfare and personnel costs, exceeding revenue growth and necessitating financing through reserves or loans.

Germany's Municipal Budget Deficit Hits Record High of €24.8 Billion

Germany's municipal budget deficit reached €24.8 billion in 2024, a record high since reunification, primarily due to increased social welfare and personnel costs, exceeding revenue growth and necessitating financing through reserves or loans.

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What are the primary causes of this surge in the municipal budget deficit?

The increase is primarily due to a surge in social welfare spending (€84.5 billion, up 11.7 percent) driven by new regulations. Personnel costs also rose significantly (€88.1 billion, up 9 percent), while revenue growth remained moderate (1.5 percent increase in taxes to €132.1 billion). This substantial imbalance highlights a structural crisis in municipal finances.", A3=

foxnews.com

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Apr 5, 22:14

Senate Passes Budget Framework for Trump Agenda, House Differences Remain

The Senate passed a budget resolution framework early Saturday, aiming to enact parts of President Trump's agenda, including tax cuts and border security, via the reconciliation process; however, discrepancies between the House and Senate versions, particularly regarding spending cuts, need to be re...

Senate Passes Budget Framework for Trump Agenda, House Differences Remain

The Senate passed a budget resolution framework early Saturday, aiming to enact parts of President Trump's agenda, including tax cuts and border security, via the reconciliation process; however, discrepancies between the House and Senate versions, particularly regarding spending cuts, need to be re...

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How do the differences between the House and Senate versions of the budget resolution impact the reconciliation process?

This bipartisan budget resolution utilizes the reconciliation process, allowing passage with a simple majority in the Senate. The process is traditionally used when one party controls all three branches of government, enabling swift passage of significant policy changes. Differences between the House and Senate versions, particularly regarding spending cuts, need to be reconciled before a final bill is produced.

zeit.de

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Apr 4, 13:18

Germany's Public Finance Deficit Rises to €104.4 Billion in 2024

Germany's public finance deficit rose to €104.4 billion in 2024, up from €91.7 billion in 2023, primarily due to increased social spending and military procurement, impacting municipalities and the federal government despite a reduction in the federal deficit.

Germany's Public Finance Deficit Rises to €104.4 Billion in 2024

Germany's public finance deficit rose to €104.4 billion in 2024, up from €91.7 billion in 2023, primarily due to increased social spending and military procurement, impacting municipalities and the federal government despite a reduction in the federal deficit.

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What were the main factors contributing to the increase in Germany's public finance deficit in 2024?

Germany's public finances recorded a €104.4 billion deficit in 2024, exceeding the €91.7 billion deficit in 2023. This is due to increased social spending and military procurement, impacting municipalities and the federal government.

zeit.de

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Apr 3, 16:15

Thuringia to Take on €313 Million in New Debt for Budget

Thuringia will incur up to €313 million in new debt for its €14 billion budget, focusing investments on municipalities, schools, and infrastructure; the decision, enabled by a debt brake recalculation, faces opposition amid concerns about wasteful spending.

Thuringia to Take on €313 Million in New Debt for Budget

Thuringia will incur up to €313 million in new debt for its €14 billion budget, focusing investments on municipalities, schools, and infrastructure; the decision, enabled by a debt brake recalculation, faces opposition amid concerns about wasteful spending.

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What is the immediate impact of Thuringia's decision to take on new debt, and what are the key areas of investment?

Thuringia, a German state, will take on up to €313 million in new debt to finance its budget, marking its first such move since the COVID-19 pandemic. This is possible due to a recalculation of the debt brake, allowing for loans to offset economic downturns. The state's budget will increase to €14 billion.

elpais.com

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Apr 2, 10:18

Mexico Cuts 2025 GDP Growth Forecast Amid US Trade Uncertainty

Mexico's 2025 GDP growth forecast has been revised down to 1.5%-2.3% from 2%-3%, primarily due to uncertainty about US trade policy, weak investment, and consumption; the government plans to increase revenue through improved tax collection and digital technologies, focusing public spending on social...

Mexico Cuts 2025 GDP Growth Forecast Amid US Trade Uncertainty

Mexico's 2025 GDP growth forecast has been revised down to 1.5%-2.3% from 2%-3%, primarily due to uncertainty about US trade policy, weak investment, and consumption; the government plans to increase revenue through improved tax collection and digital technologies, focusing public spending on social...

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How does the Mexican government plan to address the projected fiscal deficit, and what are the potential risks associated with its strategy?

The downward revision reflects several factors, including uncertainty stemming from US trade and fiscal policies. Mexico's projected 2026 GDP growth is 1.5%-2.5%. The government plans to finance public spending through local currency debt, reducing exposure to international financial volatility.

dw.com

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Apr 1, 10:17

German Coalition Talks Stumble on €100 Billion Budget Deficit

Germany's CDU/CSU and SPD are negotiating a coalition government facing a €100 billion budget deficit, with disagreements on taxation, pensions, migration, and development aid, prompting scrutiny of social welfare programs and potential cuts.

German Coalition Talks Stumble on €100 Billion Budget Deficit

Germany's CDU/CSU and SPD are negotiating a coalition government facing a €100 billion budget deficit, with disagreements on taxation, pensions, migration, and development aid, prompting scrutiny of social welfare programs and potential cuts.

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What are the major points of contention in the German coalition negotiations, and what are the immediate financial implications?

Germany's CDU/CSU and SPD are negotiating a coalition government, facing a €100 billion budget deficit. Disagreements persist on taxation, pensions, and migration policies, particularly regarding asylum seekers at the border. The parties are scrutinizing all spending, including social welfare programs and development aid, to find solutions.

nos.nl

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Mar 31, 22:17

Dutch Coalition Divided on Spring Budget Spending

The Dutch coalition government is divided over the spring budget, with disagreements on total spending and whether to exceed budget rules, potentially using European allowances for increased defense investment while Minister Heinen emphasizes fiscal responsibility.

Dutch Coalition Divided on Spring Budget Spending

The Dutch coalition government is divided over the spring budget, with disagreements on total spending and whether to exceed budget rules, potentially using European allowances for increased defense investment while Minister Heinen emphasizes fiscal responsibility.

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What are the immediate consequences of the Dutch coalition's disagreement on the spring budget's total spending?

The Dutch coalition government is debating the spring budget, facing disagreement on total spending. Minster Heinen opposes increased spending, citing higher deficits and national debt, while other parties seek higher spending, potentially utilizing European Commission allowances for increased defense investment.

Showing 157 to 168 of 602 results