Tag #Fiscal Policy

elpais.com
🌐 75% Global Worthiness
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Spanish Economists Criticize New Bank and Energy Taxes

Spain's General Council of Economists criticizes new taxes on banks and energy companies, starting in 2025, citing a lack of economic justification and concerns over legal uncertainty and the potential demonization of profitable businesses. The tax on energy companies may not even pass parliamentary...

Progress

52% Bias Score

Reduced Inequality
jpost.com
🌐 85% Global Worthiness
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French Political Crisis Creates Paradox for Israeli Investors

France's political crisis, triggered by the rejection of Michel Barnier's budget, has caused economic instability, increasing public debt to 113% of GDP and decreasing investor confidence, creating a paradox for Israeli investors weighing risks against potential opportunities in undervalued sectors.

Progress

44% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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U.S. Faces Fiscal Crisis; Incoming Administration Plans Tax Cuts and Spending Reductions

The incoming U.S. administration faces a critical fiscal crisis marked by rising mandatory spending, insufficient revenue, and a soaring national debt; plans include tax cuts and spending reductions, but their effectiveness remains uncertain due to legal and political challenges.

Progress

48% Bias Score

Reduced Inequality
bbc.com
🌐 85% Global Worthiness
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India's Economic Growth Slows to 5.4%, Below Projections

India's economic growth slowed to 5.4% in Q3 2023, below the projected 7%, due to weak consumer demand, stagnant private investment, reduced government spending, and high interest rates aimed at curbing 6.2% inflation; experts highlight a dualistic economy hindering sustained growth.

Progress

16% Bias Score

No Poverty
elpais.com
🌐 65% Global Worthiness
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Spain Passes Energy Tax, Delays Diesel Levy

The Spanish government approved a temporary energy tax for 2025 with green investment incentives, delayed a diesel tax increase until March, extended social support measures, and made several other fiscal changes on December 2024.

Progress

40% Bias Score

Climate Action
us.cnn.com
🌐 85% Global Worthiness
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Trump's Debt Ceiling Proposal Shakes Up US Politics

President-elect Trump unexpectedly called for abolishing or extending the debt ceiling until 2029, a position at odds with traditional Republican stances, prompting debate about its economic and political implications, given the over \$36 trillion national debt.

Progress

40% Bias Score

Reduced Inequality
fr.allafrica.com
🌐 75% Global Worthiness
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French Q3 2024 Finance Law: 57.58 Billion Payment Credit Increase

During Q3 2024, payment credits under the 2024 Finance Law (LFI) increased by 57.58 billion to 5,859.14 billion due to credit deferrals for internally-funded capital expenditures; this involved spending shifts across goods/services, transfers, and investments, alongside a 34.5% execution rate for fo...

Progress

20% Bias Score

Reduced Inequality
chinadaily.com.cn
🌐 85% Global Worthiness
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China Announces Proactive 2025 Fiscal Policy to Boost Growth

China will implement a more proactive fiscal policy in 2025, increasing the fiscal deficit, government spending, and bond issuance to boost economic growth, focusing on consumption, technological innovation, and risk mitigation.

Progress

32% Bias Score

No Poverty
chinadaily.com.cn
🌐 85% Global Worthiness
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China Outlines Proactive Fiscal and Monetary Policies for 2025 Economic Stability

China's Central Economic Work Conference outlined key 2025 economic priorities: a more proactive fiscal policy (increasing deficit to ~4% of GDP, issuing 3 trillion yuan in special treasury bonds), a moderately loose monetary policy (interest rate cuts), and expanding domestic demand (consumption st...

Progress

40% Bias Score

No Poverty
theglobeandmail.com
🌐 75% Global Worthiness
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UK Economy Stagnates, Raising Recession Fears

Britain's economy showed zero growth in the third quarter of 2024, according to the Office for National Statistics, raising concerns about a potential recession under the new Labour government, while business confidence is at its lowest point of 2024, and household savings are being depleted.

Progress

52% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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German Government Collapse Spurs Consideration of Expansionary Fiscal Policy

Following a no-confidence vote, German Chancellor Olaf Scholz's government fell, leading to snap elections in late February. Despite a robust economy, Germany faces challenges including energy dependence, aging infrastructure, and geopolitical pressures, prompting consideration of a more expansive f...

Progress

40% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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House Rejects Spending Bill, Triggering Federal Shutdown

The House rejected a compromise spending bill, triggering a federal government shutdown before Christmas due to Republican concerns over the national debt and the bill's inclusion of a two-year debt limit extension. 38 Republicans voted against the bill, despite support from advisory Department of G...

Progress

60% Bias Score

Reduced Inequality