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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…

Philippines budget will help state and business

Location:

PHILIPPINES

The budget was submitted on August 15 and is President Rodrigo Duterte's first. It is mildly expansive, focusing on the new administration's priorities of infrastructure, law and…

Australian budget curbs spending but dodges reform

Location:

AUSTRALIA

This seventh successive monthly increase takes the RBA’s benchmark cash rate to a nine-year high. With inflation now expected to exceed even the more recent RBA forecasts, further…

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…

Copper price will constrain Chile's 2016 budget

Location:

CHILE

Chile's draft 2016 budget.

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…

US states will struggle to manage declining revenue

Location:

UNITED STATES

With DeSantis challenging Donald Trump for the Republican presidential nomination, his ‘Framework for Freedom’ budget contains several measures boosting his campaign. A slowdown…

Philippine tax reforms will need compromise

Location:

PHILIPPINES

Tax reform efforts in the Philippines.

New Zealand growth and revenue could disappoint

Location:

NEW ZEALAND

This fiscal path is broadly consistent with the previous government’s, but the surpluses are planned to be smaller and net government debt is expected to drop below 20% of GDP two…