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State budgets recover from pandemic with federal help

Location:

UNITED STATES

The revenue from these tax returns will offer an indication of how badly the pandemic has hit state and city finances. State and municipal governments account for some 36% of all…

New Colombian fiscal reform will pass but is flawed

Location:

COLOMBIA

The plan avoids new taxes on individuals, instead increasing the fiscal burden on firms. The proposed measures aim to generate COP15.2tn (USD3.9bn) in new revenue, which would be…

US COVID-19 local budget squeeze will intensify

Location:

UNITED STATES

States' revenues have fallen sharply while mandatory spending has surged; one projection sees their combined budgetary shortfall amounting to USD615bn over the next three years…

Afghan aid flows will resume, bypassing the Taliban

Location:

AFGHANISTAN

The Taliban government has allowed UN agencies to start paying salaries directly to teachers and healthcare workers. It initially stalled on this, but has now conceded for fear of…

India will struggle to rein in fiscal deficit

Location:

INDIA

The fiscal deficit is projected to be 9.5% of GDP in 2020/21 -- compared with a budgeted 3.5% -- narrowing to 6.8% in 2021/22 and 4.5% by 2025/26. The government is counting on…

Greece faces losing a whole generation of workers

Location:

GREECE

Greeks’ outward migration -- the real ‘Grexit’.

Bet on Canada's spending poses risks for Trudeau

Location:

CANADA

It includes large federal stimulus spending to spur economic growth and to alleviate the worst impacts of the collapse in global commodity prices, particularly oil. The budget…

Indian government seeks approval of financial players

Location:

INDIA

The government projects a narrower fiscal deficit. The budget will be the last for a full fiscal year before the 2024 general election, when Prime Minister Narendra Modi’s…

Israel’s high-tech industry may plateau

Location:

ISRAEL

This was on top of a record 3.2 billion dollars of new investment capital raised by such companies in the first half of the year. Start-up fundraising, a key metric of…

Inequality is set to rise in coming years in Brazil

Location:

BRAZIL

Drivers of income inequality.