Tag #Fiscal Policy

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theguardian.com

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Apr 14, 22:09

Germany Ends "Debt Brake" Policy Amidst Geopolitical Uncertainty

Germany's new chancellor, Friedrich Merz, is ending the country's "debt brake" policy to fund increased defense spending and economic reforms, marking a shift from previous fiscal conservatism amid geopolitical and economic uncertainty and a rise of the far right.

Germany Ends "Debt Brake" Policy Amidst Geopolitical Uncertainty

Germany's new chancellor, Friedrich Merz, is ending the country's "debt brake" policy to fund increased defense spending and economic reforms, marking a shift from previous fiscal conservatism amid geopolitical and economic uncertainty and a rise of the far right.

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What are the immediate consequences of Germany's decision to abandon its balanced-budget policy?

Germany's new chancellor, Friedrich Merz, is abandoning the country's strict "debt brake" policy to fund increased defense spending and economic reforms. This marks a significant shift from the previous administration's fiscal conservatism and reflects the challenges posed by a changing geopolitical landscape and economic stagnation.", A2=

lefigaro.fr

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Apr 13, 22:10

France Permanently Imposes High-Earner Tax

France's government has permanently established a 20% tax on incomes exceeding €250,000 (single) or €500,000 (couple), generating an estimated €2 billion annually, as part of broader efforts to secure €40-50 billion in additional revenue for the 2026 budget.

France Permanently Imposes High-Earner Tax

France's government has permanently established a 20% tax on incomes exceeding €250,000 (single) or €500,000 (couple), generating an estimated €2 billion annually, as part of broader efforts to secure €40-50 billion in additional revenue for the 2026 budget.

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What are the immediate financial implications of France's decision to make the exceptional tax on high earners permanent?

France's government has made a previously temporary tax on high earners a permanent fixture. This 20% tax applies to households earning over €250,000 (single) or €500,000 (couple), generating an estimated €2 billion in revenue. The measure, initially proposed as temporary, is now deemed necessary for equitable tax distribution and financial resource needs.

foxnews.com

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Apr 12, 01:15

House Passes Budget Bill; Senate Faces $1.5 Trillion Cut Discrepancy

The House passed a budget bill with $1.5 trillion in proposed savings, while the Senate version only includes $4 billion, creating a significant discrepancy that Senate Republicans aim to resolve before the Passover-Easter break, while also addressing the upcoming debt ceiling.

House Passes Budget Bill; Senate Faces $1.5 Trillion Cut Discrepancy

The House passed a budget bill with $1.5 trillion in proposed savings, while the Senate version only includes $4 billion, creating a significant discrepancy that Senate Republicans aim to resolve before the Passover-Easter break, while also addressing the upcoming debt ceiling.

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How do the internal divisions within the Republican party affect the prospects of passing the budget bill?

This budget battle highlights the internal divisions within the Republican party regarding spending cuts. Senate leaders face pressure to deliver on promised cuts to secure conservative votes while also appeasing moderates concerned about potential cuts to essential programs. The upcoming debt ceiling deadline adds further complexity.

abcnews.go.com

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Apr 10, 19:16

House Passes GOP Budget Blueprint, Promising Massive Tax Cuts

The House narrowly passed a GOP budget blueprint (216-214) Thursday, a key victory for President Trump's agenda promising large tax and regulation cuts, despite initial setbacks due to concerns from some Republicans about the deficit.

House Passes GOP Budget Blueprint, Promising Massive Tax Cuts

The House narrowly passed a GOP budget blueprint (216-214) Thursday, a key victory for President Trump's agenda promising large tax and regulation cuts, despite initial setbacks due to concerns from some Republicans about the deficit.

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What were the main obstacles to the budget's passage in the House, and how were they overcome?

The bill's passage follows negotiations with Republican hardliners concerned about deficit increases. Speaker Johnson initially faced setbacks but secured enough votes after emphasizing over $1.5 trillion in spending cuts. Senate Majority Leader Thune, while less specific about the savings target, supports the House's efforts towards fiscal sustainability.

themoscowtimes.com

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Apr 10, 19:15

Russia's March Budget Surplus Masks Underlying Deficit Concerns

Russia posted a 500 billion ruble ($5.4 billion) federal budget surplus in March 2025, defying expectations amid falling oil revenues, although the first-quarter deficit totalled 2.2 trillion rubles ($23.7 billion), and a larger-than-expected deficit is anticipated for the year.

Russia's March Budget Surplus Masks Underlying Deficit Concerns

Russia posted a 500 billion ruble ($5.4 billion) federal budget surplus in March 2025, defying expectations amid falling oil revenues, although the first-quarter deficit totalled 2.2 trillion rubles ($23.7 billion), and a larger-than-expected deficit is anticipated for the year.

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What is the overall significance of Russia's March budget surplus in the context of its projected full-year deficit and global economic uncertainty?

Russia recorded a 500 billion ruble ($5.4 billion) federal budget surplus in March 2025, exceeding the projected deficit. This surplus, however, follows a significant first-quarter deficit of 2.2 trillion rubles ($23.7 billion), and the Finance Ministry anticipates a higher-than-expected deficit for the year due to lower-than-projected oil prices.",

foxnews.com

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Apr 9, 01:17

House Republicans Divided Over Trump's Legislative Framework

House Republicans are divided over President Trump's legislative framework, with fiscal conservatives rejecting the Senate's $4 billion spending cuts compared to the House's $1.5 trillion proposal, jeopardizing the bill's passage and delaying key policy changes on border security, energy, defense, a...

House Republicans Divided Over Trump's Legislative Framework

House Republicans are divided over President Trump's legislative framework, with fiscal conservatives rejecting the Senate's $4 billion spending cuts compared to the House's $1.5 trillion proposal, jeopardizing the bill's passage and delaying key policy changes on border security, energy, defense, a...

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What are the immediate consequences of the Republican division over the proposed spending cuts in Trump's legislative framework?

House Republicans are deeply divided over a sweeping legislative framework advancing President Trump's agenda, with fiscal conservatives strongly opposing the Senate's proposed $4 billion in spending cuts—a stark contrast to the House's proposed $1.5 trillion. This division jeopardizes the bill's passage, creating uncertainty about the implementation of Trump's key policy initiatives. Failure to pass the bill would halt progress on border security, energy, defense, and tax reforms.

dw.com

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Apr 14, 16:12

Merz Announces Economic Reforms Amidst US Tariff Uncertainty

German Chancellor Friedrich Merz announced economic reforms including energy price cuts and tax incentives, aiming for a significant growth increase by 2027, while acknowledging challenges from US tariffs and the need for internal political consensus on income tax reform.

Merz Announces Economic Reforms Amidst US Tariff Uncertainty

German Chancellor Friedrich Merz announced economic reforms including energy price cuts and tax incentives, aiming for a significant growth increase by 2027, while acknowledging challenges from US tariffs and the need for internal political consensus on income tax reform.

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What immediate economic measures is Merz implementing, and what are the projected short-term impacts on the German economy?

Following his appointment as Chancellor in early May, Friedrich Merz tempered expectations of a swift German economic recovery, announcing plans for rapid reforms to ease the burden on the economy while acknowledging that "there will be no quick wins." He projected potential economic growth increases from 0.4% to 2% by 2027, contingent on the complete implementation of planned reforms by the end of 2027.

smh.com.au

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Apr 13, 10:08

Australia's 2025 Election: $24 Billion Housing Policies Risk Inflation and Debt

During Australia's 2025 federal election campaign, both the Labor Party and the Coalition announced $24 billion in housing policies, including deposit reduction schemes and mortgage interest deductibility, despite a $42.1 billion deficit and gross debt exceeding $1 trillion, risking increased inflat...

Australia's 2025 Election: $24 Billion Housing Policies Risk Inflation and Debt

During Australia's 2025 federal election campaign, both the Labor Party and the Coalition announced $24 billion in housing policies, including deposit reduction schemes and mortgage interest deductibility, despite a $42.1 billion deficit and gross debt exceeding $1 trillion, risking increased inflat...

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What are the potential long-term fiscal and economic impacts of these housing policies, and how might they affect future governments and taxpayers?

The long-term consequences of these policies include increased national debt and the potential for future governments to extend the tax deductibility of mortgage interest, creating a significant financial burden on taxpayers. The immediate impact will be increased inflation, particularly in the housing sector. Both parties' policies disregard fiscal responsibility and potentially unsustainable spending.

nos.nl

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Apr 11, 01:16

Dutch Coalition Deadlocked on Spring Budget

Negotiations on the Dutch spring budget are delayed due to disagreements among the four coalition parties on financial choices—how much to allocate, how to generate it, and where to spend it—with discussions extending into Sunday, previously avoided due to religious observance.

Dutch Coalition Deadlocked on Spring Budget

Negotiations on the Dutch spring budget are delayed due to disagreements among the four coalition parties on financial choices—how much to allocate, how to generate it, and where to spend it—with discussions extending into Sunday, previously avoided due to religious observance.

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What are the key points of contention hindering the Dutch coalition's agreement on the spring budget?

The Dutch coalition government is struggling to agree on the spring budget, disagreeing on how much extra money to allocate, how to raise it, and how to spend it. Negotiations, which began Monday with hopes of concluding Friday, have extended into Sunday, a rare occurrence due to past adherence to the Christian sabbath. Disagreements involve the amount of available funds and investment priorities.

nbcnews.com

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Apr 10, 19:16

House Passes Budget Blueprint for Trump's Agenda After Conservative Revolt

The House narrowly passed (216-214) a revised budget blueprint crucial to President Trump's agenda, overcoming conservative opposition demanding $1.5 trillion in savings, after initial failure and subsequent negotiations.

House Passes Budget Blueprint for Trump's Agenda After Conservative Revolt

The House narrowly passed (216-214) a revised budget blueprint crucial to President Trump's agenda, overcoming conservative opposition demanding $1.5 trillion in savings, after initial failure and subsequent negotiations.

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What are the immediate consequences of the House passing the budget blueprint, and what is its global significance?

The House passed a revised budget blueprint (216-214) crucial for advancing President Trump's agenda, overcoming initial conservative opposition. Two Republicans joined all Democrats against it, highlighting internal divisions within the party. The budget includes plans for significant tax cuts and increased spending on immigration and military.

faz.net

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Apr 9, 19:19

Germany's New Coalition: Stricter Migration, Tax Cuts, and Infrastructure Focus

After 45 days of negotiations following the Bundestag election, CDU/CSU and SPD formed a coalition government in Germany with a focus on stricter migration policies, tax cuts, and increased infrastructure investment, abolishing the existing citizen's allowance.

Germany's New Coalition: Stricter Migration, Tax Cuts, and Infrastructure Focus

After 45 days of negotiations following the Bundestag election, CDU/CSU and SPD formed a coalition government in Germany with a focus on stricter migration policies, tax cuts, and increased infrastructure investment, abolishing the existing citizen's allowance.

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How does the new coalition's approach to fiscal policy balance competing demands, and what are the potential consequences?

This coalition agreement signals a conservative turn in German politics, prioritizing fiscal responsibility and stricter immigration controls. The agreement balances tax cuts for businesses with planned income tax reductions for middle and lower earners, while also shifting the focus of defense spending. The agreement prioritizes investment in infrastructure and climate protection, allocating €150 billion from the previously approved €500 billion fund.

nrc.nl

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Apr 9, 22:13

Germany Forms Grand Coalition: Merz to be Chancellor

Following 45 days of negotiations after the German election, CDU/CSU and SPD formed a grand coalition government with Friedrich Merz as the Chancellor-designate, including tax cuts, social policy adjustments, and stricter immigration policies, despite significant policy differences.

Germany Forms Grand Coalition: Merz to be Chancellor

Following 45 days of negotiations after the German election, CDU/CSU and SPD formed a grand coalition government with Friedrich Merz as the Chancellor-designate, including tax cuts, social policy adjustments, and stricter immigration policies, despite significant policy differences.

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What compromises did each party make, and what were the unexpected outcomes of the coalition negotiations?

The coalition agreement balances CDU/CSU's focus on fiscal conservatism and stricter immigration with SPD priorities like minimum wage increases and public transportation subsidies. Negotiations involved compromises; the SPD conceded on migration policy while securing key ministries like Finance and Labor. The agreement also establishes new ministries for digitalization and research.

Showing 337 to 348 of 803 results