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
China to Implement Proactive Macroeconomic Policies in 2025
China plans more proactive macroeconomic policies for 2025, including fiscal and monetary adjustments, to maintain economic growth amid global uncertainties; details will be announced in March 2025 during the "two sessions".
China to Implement Proactive Macroeconomic Policies in 2025
China plans more proactive macroeconomic policies for 2025, including fiscal and monetary adjustments, to maintain economic growth amid global uncertainties; details will be announced in March 2025 during the "two sessions".
Progress
48% Bias Score
Israel Approves 2025 Budget Framework: NIS 756 Billion Spending, 4.4% Deficit Ceiling
Israel's Knesset approved the 2025 budget framework law, increasing spending by NIS 64 billion (12.4%) to NIS 756 billion, including NIS 136 billion for debt repayment, with a 4.4% deficit ceiling, potentially rising to 4.9% if war continues and subject to cabinet approval.
Israel Approves 2025 Budget Framework: NIS 756 Billion Spending, 4.4% Deficit Ceiling
Israel's Knesset approved the 2025 budget framework law, increasing spending by NIS 64 billion (12.4%) to NIS 756 billion, including NIS 136 billion for debt repayment, with a 4.4% deficit ceiling, potentially rising to 4.9% if war continues and subject to cabinet approval.
Progress
40% Bias Score
Germany's Budget Impasse: Provisional Rules Limit Spending
Due to the collapse of Germany's governing coalition and the subsequent failure to pass a 2025 budget, the German government will operate under provisional budget rules from January, limiting spending to 45 percent of initially planned funds for the year, while mandatory payments will continue.
Germany's Budget Impasse: Provisional Rules Limit Spending
Due to the collapse of Germany's governing coalition and the subsequent failure to pass a 2025 budget, the German government will operate under provisional budget rules from January, limiting spending to 45 percent of initially planned funds for the year, while mandatory payments will continue.
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
China Shifts to Proactive Fiscal Policy for 2025 Growth
Facing economic headwinds, China announced a more proactive fiscal policy and moderately loose monetary policy for 2025, prioritizing domestic demand stimulation through increased consumer spending and infrastructure investment, expanding on successful 2024 programs with significantly increased fund...
China Shifts to Proactive Fiscal Policy for 2025 Growth
Facing economic headwinds, China announced a more proactive fiscal policy and moderately loose monetary policy for 2025, prioritizing domestic demand stimulation through increased consumer spending and infrastructure investment, expanding on successful 2024 programs with significantly increased fund...
Progress
16% Bias Score
Victoria's Soaring Debt: Tim Pallas's Legacy
Tim Pallas resigned as Victoria's treasurer, leaving the state with a projected $187.3 billion net debt by 2028, a consequence of his inability to curb government spending despite acknowledging the financial strain.
Victoria's Soaring Debt: Tim Pallas's Legacy
Tim Pallas resigned as Victoria's treasurer, leaving the state with a projected $187.3 billion net debt by 2028, a consequence of his inability to curb government spending despite acknowledging the financial strain.
Progress
56% Bias Score
China Unveils Unprecedented Economic Stimulus Package for 2024
China's Central Economic Work Conference announced a proactive fiscal policy and moderately loose monetary policy for 2024 to boost economic growth by expanding domestic demand, prioritizing consumption and investment coordination, building on recent policy successes and aiming for long-term stabili...
China Unveils Unprecedented Economic Stimulus Package for 2024
China's Central Economic Work Conference announced a proactive fiscal policy and moderately loose monetary policy for 2024 to boost economic growth by expanding domestic demand, prioritizing consumption and investment coordination, building on recent policy successes and aiming for long-term stabili...
Progress
44% Bias Score