Tag #Fiscal Policy

theglobeandmail.com
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Canada's Costly GST Holiday: Ineffective or Political Gimmick?

Canada's temporary GST holiday, costing $1.6 billion, eliminates the tax on select items, sparking debate over its economic effectiveness and political motivations, while excluding essential household goods and services.

Progress

60% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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Canada's Fall Economic Statement: A Fiscal Debacle

Chrystia Freeland's resignation heightened the spectacle of Canada's 2024 fall economic statement, which projected \$543 billion in spending for 2024/25—\$90 billion above the 2021 budget—exposing the unsustainable nature of the country's two-budget-per-year cycle.

Progress

56% Bias Score

Reduced Inequality
taz.de
🌐 85% Global Worthiness
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German Election: Parties Clash Over Economic Policies Amidst GDP Concerns

Germany's upcoming election centers on economic policies to counter potential GDP shrinkage, with the Union focusing on tax cuts, the SPD and Greens on investments and higher taxes on the wealthy, and the Left advocating for democratic socialism.

Progress

48% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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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

Reduced Inequality
zeit.de
🌐 65% Global Worthiness
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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

Quality Education
africa.chinadaily.com.cn
🌐 85% Global Worthiness
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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

Decent Work and Economic Growth
kathimerini.gr
🌐 75% Global Worthiness
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Greece's 2025 Tax Plan: €70 Billion Revenue Projected

Starting January 2025, Greek taxpayers and businesses will pay over €5 billion monthly in taxes, reaching €70 billion annually, with July being the highest at over €8.3 billion, while March is the lowest at €3.6 billion, impacting consumer spending and investment.

Progress

32% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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German Election: Economic Crisis and Defense Policy Define Key Party Differences

Germany's upcoming election sees four major parties—CDU/CSU, SPD, Greens, and FDP—with differing approaches to economic recovery (state intervention vs. tax cuts) and defense (escalation concerns vs. stronger deterrents), shaping the country's future trajectory.

Progress

28% Bias Score

Peace, Justice, and Strong Institutions
es.euronews.com
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CDU's Platform: Stricter Immigration, Increased Defense Spending, and Tax Cuts

Germany's CDU unveils its election platform, proposing stricter immigration policies, increased defense spending to 2% of GDP, and tax cuts, while aiming for a rightward shift from Merkel's policies.

Progress

40% Bias Score

Peace, Justice, and Strong Institutions
welt.de
🌐 75% Global Worthiness
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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

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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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

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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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

Decent Work and Economic Growth