Tag #Fiscal Policy

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elmundo.es

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Feb 10, 01:06

German Elections to Reshape EU Foreign Policy Amidst Internal Divisions and Economic Weakness

The upcoming German elections on February 23rd, 2025, may reshape the EU's foreign policy alignment, potentially shifting Germany towards the Atlanticist bloc, but this hinges on coalition dynamics and US trade relations. Europe's fragmented approach to security, Germany's economic fragility, and th...

German Elections to Reshape EU Foreign Policy Amidst Internal Divisions and Economic Weakness

The upcoming German elections on February 23rd, 2025, may reshape the EU's foreign policy alignment, potentially shifting Germany towards the Atlanticist bloc, but this hinges on coalition dynamics and US trade relations. Europe's fragmented approach to security, Germany's economic fragility, and th...

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How will the outcome of the German elections on February 23rd, 2025, impact the EU's foreign policy and its relationship with NATO?

The German elections on February 23rd, 2025, may significantly shift the European Union's stance on foreign policy. A conservative victory would likely align Germany with the Atlanticist group, bolstering NATO. However, this depends on coalition partners and potential US tariffs on German goods.

forbes.com

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Feb 9, 07:06

DOGE Cuts $1 Billion Daily from US Federal Budget

Since President Trump's second inauguration, the meme-turned-agency DOGE has cut nearly $1 billion daily from the US federal budget, aiming to improve transparency in government spending of the $3 trillion planned for 2025.

DOGE Cuts $1 Billion Daily from US Federal Budget

Since President Trump's second inauguration, the meme-turned-agency DOGE has cut nearly $1 billion daily from the US federal budget, aiming to improve transparency in government spending of the $3 trillion planned for 2025.

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What is the immediate impact of DOGE's budget cuts on the US federal government?

DOGE", a meme-turned-agency founded by Elon Musk, has cut nearly $1 billion daily from the US federal budget since January 20, 2025, based on its X posts. This action aims to increase transparency in government spending, with the goal of ensuring tax dollars are used efficiently. The legality of DOGE's actions is currently debated.

lexpress.fr

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Feb 9, 19:10

France to Adjust 2026 Budget to Address 2025 Shortfalls

France's Economy Minister Eric Lombard announced plans to start preparing the 2026 budget on Monday, aiming to correct issues in the 2025 budget that negatively impacted businesses and high-income earners, while implementing new budget control tools to prevent future overruns.

France to Adjust 2026 Budget to Address 2025 Shortfalls

France's Economy Minister Eric Lombard announced plans to start preparing the 2026 budget on Monday, aiming to correct issues in the 2025 budget that negatively impacted businesses and high-income earners, while implementing new budget control tools to prevent future overruns.

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What specific measures will France take in its 2026 budget to address issues raised by the 2025 budget?

France will start preparing its 2026 budget on Monday, aiming to correct issues in the 2025 budget that burdened businesses and high-income earners. Adjustments include reducing a tax increase on industrial charges from €1.6 billion and lowering the "flat tax" on capital gains and dividends for high earners from 37.2% to 30%.

theguardian.com

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Feb 6, 07:12

Bank of England to Cut Rates, Downgrade Growth Forecast

The Bank of England is expected to cut interest rates to 4.5% on Thursday and lower its 2025 GDP growth forecast to around 1%, impacting Chancellor Rachel Reeves's budget plans and potentially leading to spending cuts.

Bank of England to Cut Rates, Downgrade Growth Forecast

The Bank of England is expected to cut interest rates to 4.5% on Thursday and lower its 2025 GDP growth forecast to around 1%, impacting Chancellor Rachel Reeves's budget plans and potentially leading to spending cuts.

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How will the Bank of England's actions affect Chancellor Reeves's budget plans and fiscal targets?

A weaker-than-expected growth forecast from the Bank of England will put pressure on Chancellor Rachel Reeves to potentially announce spending cuts to meet her fiscal targets. The Office for Budget Responsibility's updated forecast, due on March 26th, will be crucial in determining whether Reeves's fiscal rules are at risk. Government bond yields have fallen recently, suggesting markets anticipate lower rates.

repubblica.it

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Feb 5, 01:10

Italy's Record €32.7 Billion Tax Recovery in 2024

Italy's 2024 tax recovery reached a record €32.7 billion, surpassing 2023's €31 billion due to increased government-agency coordination and a new agency head; the success is linked to both ordinary and extraordinary tax measures, with ongoing debate about potential future tax forgiveness.

Italy's Record €32.7 Billion Tax Recovery in 2024

Italy's 2024 tax recovery reached a record €32.7 billion, surpassing 2023's €31 billion due to increased government-agency coordination and a new agency head; the success is linked to both ordinary and extraordinary tax measures, with ongoing debate about potential future tax forgiveness.

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What were the main methods used to recover unpaid taxes in 2023 and 2024?

The €32.7 billion recovered in 2024 represents a 22% increase from the €24.7 billion recovered in 2023 through ordinary tax audits (€19.6 billion) and extraordinary measures (€5.1 billion). An additional €6.7 billion came from the Revenue Agency's work for other entities. This significant increase follows a change in leadership at the Revenue Agency, potentially indicating a more effective anti-evasion strategy.

nrc.nl

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Feb 5, 01:10

Dutch Employers Offer Tax Breaks to Ease Student Loan Burden

A 32-year-old Dutch psychologist details her €20,000 student loan struggle, highlighting how many employers now offer tax-advantaged repayment plans to attract and retain employees, particularly beneficial for the 'unlucky generation' facing higher debt due to changes in student funding between 2015...

Dutch Employers Offer Tax Breaks to Ease Student Loan Burden

A 32-year-old Dutch psychologist details her €20,000 student loan struggle, highlighting how many employers now offer tax-advantaged repayment plans to attract and retain employees, particularly beneficial for the 'unlucky generation' facing higher debt due to changes in student funding between 2015...

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What are the immediate impacts of Dutch employers offering tax-advantaged student loan repayment schemes on employees and the labor market?

A 32-year-old psychologist in The Hague accumulated a €20,000 student loan despite working part-time during her studies. She only started repaying after securing a well-paying job, two years post-graduation, now facing 2.5% interest since 2023. Many employers now offer tax-advantaged loan repayment options, a significant benefit given the average student debt of €17,800 and higher amounts for those who didn't receive a basic grant (the 'unlucky generation').

faz.net

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Feb 10, 19:08

Scholz and Merz Clash on Fiscal Policy in German Election Debate

In a televised debate, German Chancellor Olaf Scholz and challenger Friedrich Merz clashed over fiscal policy, with Merz leading in polls, making a post-election coalition between the Union and SPD likely, potentially excluding Scholz. Disagreements centered on the debt brake, tax cuts, and Bürgerge...

Scholz and Merz Clash on Fiscal Policy in German Election Debate

In a televised debate, German Chancellor Olaf Scholz and challenger Friedrich Merz clashed over fiscal policy, with Merz leading in polls, making a post-election coalition between the Union and SPD likely, potentially excluding Scholz. Disagreements centered on the debt brake, tax cuts, and Bürgerge...

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What are the immediate consequences of the differing financial policies advocated by Scholz and Merz, and how do these affect Germany's economic outlook?

The German Chancellor, Olaf Scholz (SPD), and his challenger, Friedrich Merz (CDU), debated in a televised duel, showing policy differences despite a moderate tone. Current polls indicate Merz is ahead. A post-election coalition between the Union and SPD is likely, potentially excluding Scholz, due to the CSU's rejection of a coalition with the Greens.",

forbes.com

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Feb 9, 13:09

Trump Executive Order Launches U.S. Sovereign Wealth Fund Initiative

President Trump signed an executive order to create a U.S. sovereign wealth fund, modeled after Norway's successful fund, aiming to improve long-term fiscal stability by investing underutilized federal assets in international markets.

Trump Executive Order Launches U.S. Sovereign Wealth Fund Initiative

President Trump signed an executive order to create a U.S. sovereign wealth fund, modeled after Norway's successful fund, aiming to improve long-term fiscal stability by investing underutilized federal assets in international markets.

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How will the proposed fund's investment strategy mitigate the risks of political favoritism and market distortion?

The proposed fund intends to utilize underutilized federal assets, focusing on international investments to avoid domestic market distortions and political favoritism. It will adopt a passive investment strategy, similar to Norway's, maximizing returns while reducing reliance on debt.

theguardian.com

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Feb 9, 22:08

Bank of England Cuts Interest Rates Amidst Economic Slowdown

The Bank of England unexpectedly cut interest rates last week, despite inflation risks, to counter the threat of sluggish economic growth; this move, backed by the chancellor, aims to reduce borrowing costs and ease cost of living pressures, though its effectiveness is questioned.

Bank of England Cuts Interest Rates Amidst Economic Slowdown

The Bank of England unexpectedly cut interest rates last week, despite inflation risks, to counter the threat of sluggish economic growth; this move, backed by the chancellor, aims to reduce borrowing costs and ease cost of living pressures, though its effectiveness is questioned.

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What is the immediate impact of the Bank of England's interest rate cut, and how does it affect the UK economy?

The Bank of England cut interest rates to combat the risk of weak economic growth, a move supported by the chancellor. This decision, despite inflationary concerns, aims to ease cost-of-living pressures by lowering borrowing costs for mortgage holders. However, the effectiveness of this measure is debated.

cnbc.com

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Feb 6, 16:14

Trump Administration Shifts Focus to Treasury Yields to Lower Interest Rates

The Trump administration aims to keep 10-year Treasury yields low by using fiscal policy instead of pressuring the Federal Reserve, a shift from past tactics; the 10-year Treasury yield is currently at 4.45%, down from 4.8% in mid-January.

Trump Administration Shifts Focus to Treasury Yields to Lower Interest Rates

The Trump administration aims to keep 10-year Treasury yields low by using fiscal policy instead of pressuring the Federal Reserve, a shift from past tactics; the 10-year Treasury yield is currently at 4.45%, down from 4.8% in mid-January.

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What is the Trump administration's primary strategy for managing interest rates, and what are its immediate implications?

Treasury Secretary Scott Bessent revealed that the Trump administration prioritizes keeping 10-year Treasury yields low, employing fiscal policy rather than pressuring the Federal Reserve. This contrasts with past attempts to influence the Fed's benchmark rate. The 10-year Treasury yield dropped 0.1 percentage point on Wednesday, currently at 4.45%.

elmundo.es

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Feb 5, 07:10

EU Explores Fiscal Rule Changes to Boost Military Spending

The European Commission is considering modifying fiscal rules, potentially activating an escape clause similar to the COVID-19 response, to allow increased military spending among member states, facing internal divisions within Spain's government.

EU Explores Fiscal Rule Changes to Boost Military Spending

The European Commission is considering modifying fiscal rules, potentially activating an escape clause similar to the COVID-19 response, to allow increased military spending among member states, facing internal divisions within Spain's government.

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What specific measures is the European Commission considering to increase military spending among member states, and what are the immediate implications for countries like Spain?

The European Commission is exploring options to significantly increase member states' military spending, including modifying fiscal rules and potentially activating a pandemic-style escape clause. This could allow countries like Spain to increase defense spending without breaching fiscal limits.

welt.de

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Feb 5, 16:14

Saxon Parliament Proposes Enquete Commission to Address €1 Billion Municipal Budget Deficit

The AfD and Freie Wähler in Saxony's parliament propose a two-year Enquete commission starting in April to tackle over €1 billion in municipal budget shortfalls (€270 million for counties, €225 million for municipalities, and €520 million for cities), aiming for a fairer tax revenue distribution bet...

Saxon Parliament Proposes Enquete Commission to Address €1 Billion Municipal Budget Deficit

The AfD and Freie Wähler in Saxony's parliament propose a two-year Enquete commission starting in April to tackle over €1 billion in municipal budget shortfalls (€270 million for counties, €225 million for municipalities, and €520 million for cities), aiming for a fairer tax revenue distribution bet...

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What specific financial problems are facing Saxon municipalities, and what immediate actions are being proposed to address the situation?

The AfD and Freie Wähler in the Saxon state parliament propose a two-year Enquete commission to address over €1 billion in municipal budget deficits. The commission will involve experts to prepare a fundamental tax reform, aiming for a fairer distribution of tax revenue between the federal, state, and municipal levels. Currently, municipalities receive only one-seventh of tax revenue, deemed insufficient given their responsibilities.

Showing 433 to 444 of 604 results