Australia's Budget Deficit Reaches \$26.9 Billion, Exposing Tax System Flaws
Australia's budget shows a \$26.9 billion deficit this year, rising to \$46.9 billion in 2025-26, driven by increased spending in healthcare and aged care, despite efforts to control growth; this creates political challenges for both the government and opposition, revealing flaws in the tax system.
Australia's Budget Deficit Reaches \$26.9 Billion, Exposing Tax System Flaws
Australia's budget shows a \$26.9 billion deficit this year, rising to \$46.9 billion in 2025-26, driven by increased spending in healthcare and aged care, despite efforts to control growth; this creates political challenges for both the government and opposition, revealing flaws in the tax system.
Progress
56% Bias Score
Rhineland-Palatinate Budget Debate: Opposition Criticizes Investment Shortfalls
The Rhineland-Palatinate state parliament is debating the 2025/26 double budget, with the CDU opposition criticizing the government's plan for insufficient investment in infrastructure and municipal funding, demanding an additional €300 million annually for municipalities and a €100 million hardship...
Rhineland-Palatinate Budget Debate: Opposition Criticizes Investment Shortfalls
The Rhineland-Palatinate state parliament is debating the 2025/26 double budget, with the CDU opposition criticizing the government's plan for insufficient investment in infrastructure and municipal funding, demanding an additional €300 million annually for municipalities and a €100 million hardship...
Progress
48% Bias Score
China's Economy Shows Mixed Recovery in November
China's November economy showed a mixed recovery with industrial output rising 5.4 percent year-on-year, but retail sales slowing to 3 percent and fixed-asset investment at 3.3 percent; economists predict increased fiscal spending and potential interest rate cuts in 2025.
China's Economy Shows Mixed Recovery in November
China's November economy showed a mixed recovery with industrial output rising 5.4 percent year-on-year, but retail sales slowing to 3 percent and fixed-asset investment at 3.3 percent; economists predict increased fiscal spending and potential interest rate cuts in 2025.
Progress
32% Bias Score
Freeland Resigns Amidst Soaring Canadian Deficit
Canadian Finance Minister Chrystia Freeland resigned due to policy disagreements with Prime Minister Justin Trudeau over spending, highlighting a $241-billion projected deficit over six years, significantly higher than previous projections, amid concerns about fiscal responsibility and potential rec...
Freeland Resigns Amidst Soaring Canadian Deficit
Canadian Finance Minister Chrystia Freeland resigned due to policy disagreements with Prime Minister Justin Trudeau over spending, highlighting a $241-billion projected deficit over six years, significantly higher than previous projections, amid concerns about fiscal responsibility and potential rec...
Progress
64% Bias Score
Canada's Deficit Exceeds Guardrail, But Net Debt Remains Low
Canada's federal government reported a $61.9-billion deficit, exceeding a fiscal guardrail; however, its net debt-to-GDP ratio remains low due to government investments and assets; the focus should be on the value of government spending, not arbitrary deficit limits.
Canada's Deficit Exceeds Guardrail, But Net Debt Remains Low
Canada's federal government reported a $61.9-billion deficit, exceeding a fiscal guardrail; however, its net debt-to-GDP ratio remains low due to government investments and assets; the focus should be on the value of government spending, not arbitrary deficit limits.
Progress
56% Bias Score
Proposed Increase in German Health Insurance Contribution Assessment Ceiling Could Cost the State €5 Billion
Germany is considering raising its health and long-term care insurance contribution assessment ceiling from €66,150 to €90,600 annually, which would generate €22.9 billion more in contributions but also reduce state tax revenues by almost €5 billion due to increased deductions, disproportionately im...
Proposed Increase in German Health Insurance Contribution Assessment Ceiling Could Cost the State €5 Billion
Germany is considering raising its health and long-term care insurance contribution assessment ceiling from €66,150 to €90,600 annually, which would generate €22.9 billion more in contributions but also reduce state tax revenues by almost €5 billion due to increased deductions, disproportionately im...
Progress
56% Bias Score
German Election Campaign Heats Up After Vote of No Confidence
Following a failed vote of no confidence, Germany's election campaign intensified with Chancellor Scholz criticizing his Union rival, while a talk show discussed the Union's platform, Austria's migration policies, and differing opinions on Scholz's leadership.
German Election Campaign Heats Up After Vote of No Confidence
Following a failed vote of no confidence, Germany's election campaign intensified with Chancellor Scholz criticizing his Union rival, while a talk show discussed the Union's platform, Austria's migration policies, and differing opinions on Scholz's leadership.
Progress
60% Bias Score
Canadian Government Overshoots Deficit by $21.8 Billion
Canada's fall economic update reveals a $21.8-billion deficit overshoot, reaching $61.9 billion for 2023-2024 due to increased spending and unanticipated Indigenous legal settlement costs; Finance Minister Chrystia Freeland unexpectedly resigned amidst disagreements over spending.
Canadian Government Overshoots Deficit by $21.8 Billion
Canada's fall economic update reveals a $21.8-billion deficit overshoot, reaching $61.9 billion for 2023-2024 due to increased spending and unanticipated Indigenous legal settlement costs; Finance Minister Chrystia Freeland unexpectedly resigned amidst disagreements over spending.
Progress
56% Bias Score
China to Raise Budget Deficit to Record High Amid US Tariff Concerns
China will raise its budget deficit to 4 percent of GDP in 2024, a record high, to counteract the expected increase in US tariffs under a Trump administration, while maintaining a 5 percent GDP growth target for 2024 and 2025.
China to Raise Budget Deficit to Record High Amid US Tariff Concerns
China will raise its budget deficit to 4 percent of GDP in 2024, a record high, to counteract the expected increase in US tariffs under a Trump administration, while maintaining a 5 percent GDP growth target for 2024 and 2025.
Progress
40% Bias Score
Canada's Deficit Exceeds Target at $61.9 Billion
Canada's fall economic update reveals a $61.9 billion deficit for 2023-24, exceeding the $40.1 billion target due to unanticipated costs; the 2024-25 deficit is projected at $48.3 billion, while longer-term fiscal targets remain.
Canada's Deficit Exceeds Target at $61.9 Billion
Canada's fall economic update reveals a $61.9 billion deficit for 2023-24, exceeding the $40.1 billion target due to unanticipated costs; the 2024-25 deficit is projected at $48.3 billion, while longer-term fiscal targets remain.
Progress
44% Bias Score
Germany's Soaring Debt: Criticism of Economic Policies and Calls for Reform
Germany faces a growing national debt exceeding €100 billion for 2024-2025, with interest payments increasing tenfold to nearly €40 billion, prompting criticism of government economic policies and raising concerns about future financial stability and investment.
Germany's Soaring Debt: Criticism of Economic Policies and Calls for Reform
Germany faces a growing national debt exceeding €100 billion for 2024-2025, with interest payments increasing tenfold to nearly €40 billion, prompting criticism of government economic policies and raising concerns about future financial stability and investment.
Progress
64% Bias Score
Global Economic Shift: Fiscal Policy Takes Center Stage in 2024
In 2024, a global economic shift occurred where fiscal policy replaced monetary policy as the primary driver, with governments assuming greater control. This change, particularly evident in the US following Trump's election, is influenced by relatively controlled inflation, although concerns remain,...
Global Economic Shift: Fiscal Policy Takes Center Stage in 2024
In 2024, a global economic shift occurred where fiscal policy replaced monetary policy as the primary driver, with governments assuming greater control. This change, particularly evident in the US following Trump's election, is influenced by relatively controlled inflation, although concerns remain,...
Progress
32% Bias Score