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New Romanian government gambles on economic stimulus

Location:

ROMANIA

To enact the bill by end-December and avoid potential defeat, the minority National Liberal (PNL) government side-stepped a vote by ‘assuming responsibility’ for the bill before…

French government faces tough parliamentary hurdles

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FRANCE

The minority government faces significant opposition to its medium-term financial plans, next year’s deficit-reducing budget and immigration reforms.

Ontario debt may trigger a political backlash in 2018

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CANADA

Ontario's public debt.

Guinean junta repression may jeopardise transition

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GUINEA

This followed the violent repression on September 4 of anti-junta protests organised under the banner of the Vital Forces of Guinea (FVG) opposition alliance. The junta, led by…

Midterm polls will knock Argentine budget off course

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ARGENTINA

The debate has been delayed by November 14 midterm elections. However, the budget has already been criticised both by the opposition, which considers the forecasts excessively…

South African budget may partly ease downgrade fears

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SOUTH AFRICA

Gordhan outlined a programme of tax increases for South Africa’s highest-earners, in addition to increased educational and social security spending. The budget attempted to…

UK voters will ignore budget and elect hung parliament

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UNITED KINGDOM

The budget will prove to be all but the last political event before the final campaign and the May 7 general election. Although the detail had to be determined in cooperation with…

Fiscal risks worsen debt outlook in Argentina

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ARGENTINA

The lifting of export taxes and the recession have already undermined the government's goal of reducing the fiscal deficit: in 2016 the primary deficit-to-GDP ratio will be even…

Oil prices will increase Ecuador's fiscal pressures

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ECUADOR

The collapse of world oil prices has brought fiscal policy sharply into focus in Ecuador. At a time when the budget deficit is widening and the opposition is strengthening, the…

Kuwait will approve a new debt law in the medium term

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KUWAIT

The government will stay on in a caretaker capacity until a new one is established. Once that happens, it is likely to return to legislation -- in limbo for almost five years…