Schloss Bellevue: Taxpayers' Association warns of billion-euro renovation
The Taxpayers' Association (BdSt) criticizes the high costs associated with the renovation of Schloss Bellevue, the official residence of the German President.
Increase in import tariff could raise up to R$ 20 billion this year and exchange for national products is 'uncertain', says Senate agency
The Brazilian government's increase in import tariffs on over a thousand products is projected to generate up to R$ 20 billion in revenue this year, according to the Independent Fiscal Institution.
Central Bank Suffers: Another Billion Loss for the ECB
The European Central Bank reported a billion euro loss for the fiscal year, though lower than the previous year's loss.
IMF issues national debt warning to US
The IMF warns that the US national debt is set to reach 140% of GDP within five years if fiscal deficits are not reduced.
South Africa: Charting the 2026 Budget - From National Debt to Personal Income Tax
The article examines South Africa's 2026 National Budget, highlighting significant fiscal policy changes and their implications for citizens.
The electoral reform as a fiscal prelude
The recent electoral reform proposal in Mexico is seen not just as a political system redesign, but as a strategic move towards addressing more complex fiscal discussions.
Global Debt: Record at $348 trillion โ Explosive increase driven by government deficits
Global debt has surged to a record $348 trillion by the end of 2025, marking the fastest rise since the pandemic, primarily due to increased government deficits.
Expert: The next government faces a difficult task - billion-euro adjustments must be made as genuine savings
Professor Roope Uusitalo states that Finland's next government will face significant budgetary challenges requiring 8-11 billion euros in genuine savings or revenue increases.
Mansueto defends Temer's formula for the economy and criticizes the increase in spending on social programs
Economist Mansueto Almeida argues for a return to fiscal control methods from Michel Temer's administration while criticizing current social spending increases.
Revenue board urges states to align with new tax regime
The Executive Secretary of the Joint Revenue Board in Nigeria emphasizes the need for state governments to conform to new national tax laws to enhance fiscal reforms.
Purra lashes out at the opposition โ new stance on savings
Finnish Finance Minister Riikka Purra announced that the EU Commission does not require Finland to make immediate drastic adjustments in response to its budgetary surveillance status.
Rapporteur of PEC 6x1 demands government counterpart to 'not place 100% of the impact on society'
The rapporteur of the PEC 6x1 in Brazil is urging the government to share the financial burden of changes to the workweek structure, rather than letting society absorb the full impact.
A taxpayer who had their payments miscalculated by the tax office is entitled to interest
A Polish taxpayer is entitled to interest due to a miscalculation of their payments by the tax office.
The primary surplus of the central government is R$ 86.9 billion in January and reduces by 2.2% in a year
Brazil's central government reported a primary surplus of R$ 86.9 billion in January, slightly below market expectations and a 2.2% decrease from the same month last year.
Unions warn of the impact of the debt brake โ 'The economy cannot withstand significant tightening'
Finnish unions SAK and STTK caution that proposed fiscal tightening linked to the debt brake may seriously harm the country's economy.
A shocking figure revealed - The knockout came immediately: 'Finland's economy cannot bear it'
Finnish labor organizations express concern over significant required adjustments to the national economy due to a new report on debt regulations, predicting a severe fiscal tightening in coming years.
IMF urges China to prioritise consumption-led rebalancing, curb industrial policy
The IMF calls on China to shift towards consumption-led economic growth and implement stronger fiscal measures to support domestic demand amidst a record trade surplus.
Eldorado for Two Trillion. The President Should Have Vetoed the State Budget
The article discusses the criticism surrounding the Czech president's decision not to veto a state budget amounting to two trillion.
Live broadcast at 8:30: Parties reached an agreement - this is the debt brake
Finnish political parties have reached an agreement on a new debt brake ahead of the upcoming election term, although the Left Alliance has opted out of the agreement.
Economic slowdown in 2025 compromises ICMS and worsens the scenario of tax reform
The economic slowdown projected for 2025 is expected to significantly impact ICMS revenues and complicate the fiscal scenario for states ahead of an impending tax reform in Brazil.
Refis: Piracicaba City Council unanimously approves debt negotiation bill with the city hall and rejects amendments
The Piracicaba City Council has unanimously approved a bill that establishes a Fiscal Regularization Program to allow debt negotiations with the city, while rejecting several amendments during the process.
Report obtained by IL reveals: There may be an adjustment need of up to 15 billion euros ahead
A report suggests Finland may face a greater fiscal adjustment need than expected, potentially reaching 15 billion euros due to various economic factors.
Last year's local tax revenue reaches 121 trillion, the largest ever... the share of total taxes remains at 24.4%
Local tax revenue in South Korea reached a record high of 121 trillion won last year, but its proportion of total tax revenue remains relatively low at 24.4%.
Federal Revenue excludes non-profit associations from fiscal benefit cuts
The Brazilian Federal Revenue has issued a regulation exempting non-profit associations from the linear reduction of fiscal benefits outlined in the Complementary Law No. 224.
President Pavel will not veto the budget proposal for this year
Czech President Pavel has decided not to veto the proposed budget for the current year.
[Editorial] The tax burden rate, which barely rebounded, must be steadily increased
The tax burden rate in South Korea has seen a minor rebound after a decline during the Yoon Suk-yeol administration, but it remains insufficient compared to other countries and fails to meet growing fiscal demands, necessitating the government's formulation of tax policies to elevate this rate.
Oversight with a Preventive Focus: Colmenares Pรกramo
David Colmenares Pรกramo emphasizes the importance of a preventive approach in fiscal oversight for effective public policy evaluation during a presentation at the Instituto de Auditores Internos de Mรฉxico.
Silent fiscal bomb surpasses pix amendments
A significant increase in international loans by Brazilian states and municipalities poses a risk to the national Treasury, far exceeding previous federal transfers known as 'pix amendments.'
How to talk Babiลก out of his expensive and unnecessary tax cuts
The article discusses the challenges of communicating with Czech Prime Minister Babiลก about the implications of his tax cut policies.
Eurobonds carry risks, but Europe needs them now
The article discusses the proposal for eurobonds made by the French president and its rejection by the German chancellor, highlighting the historical pattern of such discussions within the EU.
Debt brake documents reveal: here are Finland's targets
A parliamentary working group in Finland proposes a public sector deficit target of 2-2.5% of GDP by 2031, requiring significant fiscal adjustments amidst uncertainty.
RMAFC backs Tinubuโs order on oil revenue remittance
The Revenue Mobilisation Allocation and Fiscal Commission has endorsed President Bola Tinubu's executive order mandating direct remittance of oil and gas revenues to the federation account, citing it will enhance revenue inflows and reduce leakages.
In the United States, the worrying trajectory of public finances
The Congressional Budget Office (CBO) has raised alarms about the rising national debt and its implications for future deficits and interest payments in the United States.
Tinubuโs executive order will curb leakages, boost Federation Account inflows โ RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission has stated that President Bola Tinubuโs Executive Order on oil and gas revenue remittance will enhance funds to the Federation Account and reduce revenue leakages.
IBS Management Committee will have an independent verification system linked to a single portal
The IBS Management Committee in Brazil plans to implement an integrated portal for streamlined tax services this year.
The National Debt is Increasing. What are the Solutions for Stabilization?
Latvia's national debt has tripled over the past 20 years, raising concerns about fiscal policy and the rising costs of debt service.
Nigeria: Special Report - Edo's N14.15 Billion Extra-Budgetary Spending Raises Questions About Fiscal Discipline Under Okpebholo
Edo State's government has reported N14.15 billion in extra-budgetary spending that raises concerns over fiscal discipline under Governor Okpebholo.
TCU consolidates data on task force that monitors state-owned companies at risk to public accounts
The Brazilian TCU is consolidating data on a task force monitoring nine state-owned enterprises identified as fiscal risks to public finances.
The Japanese Prime Minister Promising to Reduce Debt Denies That Her Fiscal Policy Will Be Irresponsible
Japanese Prime Minister S. Takaichi pledges to boost economic growth while maintaining fiscal discipline amid concerns about rising national debt.
VIDEO: Discussion 'Is the Critical Debt Threshold Near for the State?'
A discussion led by experts from the Bank of Latvia examines the country's debt dynamics and the role of government debt in stimulating economic activity during downturns.
Fiscal Equalization: We are Solidary, but Have Nothing to Give Away
The article discusses Germany's fiscal equalization system amidst economic stagnation and rising social costs, arguing for reform-linked assistance.
Announcement of Review of Discretionary Labor System and Establishment of National Intelligence Agency by Prime Minister Takai
Prime Minister Sanae Takai delivered her inaugural policy address highlighting the review of the discretionary labor system and the establishment of a national intelligence agency, while focusing on boosting domestic investment through responsible fiscal policies.
Expenses Rise More Than Revenues, and States Have Worst Fiscal Result Since 2014
Brazilian states face their worst fiscal results since 2014 as expenditures outpace revenues amid economic downturns.
Is another cut approaching? Banxico's moment to reduce the interest rate divides; remains cautious
The Bank of Mexico's governing board is divided on the timing of a potential interest rate cut, despite a consensus on the one-off effects of recent fiscal adjustments on inflation.
Still about the fiscal legacy
The article discusses the negative fiscal legacy left for the current Brazilian government due to various legislative measures adopted between 2020 and 2022.
What does the Left Alliance think about the debt brake? Now Minja Koskela speaks: 'We'll see then'
Minja Koskela, leader of the Left Alliance, discusses her party's uncertain position on the proposed debt brake after a parliamentary group meeting.
The consolidation that changes shape
Mexico's fiscal discussion is entering a new phase with a focus on consolidation to reduce deficits and stabilize debt, amidst rising investments in infrastructure.
Economist Kasjanovs Approved by the Fiscal Discipline Council
Economist Kasjanovs has been confirmed as a member of the Fiscal Discipline Council in Latvia following a nomination by the President of the Bank of Latvia and the Minister of Finance.
The National Assembly of "Takaichi's Strong Leadership" Faces Issues with Consumption Tax Cuts, Active Fiscal Policy is Key to Market Response
The Takaichi administration has launched under a strong majority in the National Assembly, facing challenges regarding consumption tax cuts and fiscal policy directions.
Lula vetoes perks above the salary cap for civil servants and staggered raises until 2029 approved by Congress
President Lula sanctioned a salary increase for Legislative and Court of Accounts officers while vetoing measures that allowed paychecks to exceed the public sector salary cap.