Fiscal policy can be defined as the government’s plan on how to raise revenue and how to spend it in…
Month: December 2024
Fiscal conservatism and other global economic themes for 2025
Today marks my last Weekly Market Compass for 2024. But before we settle in for the holidays, I want to…
China plans record budget deficit of 4% of GDP in 2025: sources
STORY: Chinese leaders have agreed to raise the budget deficit to 4% of gross domestic product next year. The number…
Analyst Predicts Slower-Than-Targeted Growth for China
What’s New Chinese policymakers’ plans for more fiscal easing are “still lacking” when it comes to spurring the country’s low…
New York organized nurses welcome Fiscal Policy Institute report finding hospital staffing shortages a statewide problem
A new report finds chronic understaffing plagues hospitals across New York, something unionized nurses have been claiming for years. The…
North Macedonia’s struggle for fiscal stability and stronger growth
As growth sputters and debt mounts, North Macedonia faces a stark choice: fix its public finances fast or watch its…
Republican Tax Legislators’ Potential Framework for Extending Trump’s Tax Cuts Is a Gimmick That Would Cost More Than Advertised
The Trump tax cuts, sometimes known as the Tax Cuts and Jobs Act (TCJA), that were enacted in late 2017…
The Debt Ceiling: A Refresher
Executive Summary Policymakers face a series of fiscal deadlines in 2025, the first being the reinstatement of the debt ceiling,…
Egypt, Japan sign $234M agreements to support fiscal policy, structural reforms
CAIRO – 18 December 2024: Egypt and Japan have solidified their longstanding partnership with the signing of three new…
Sterling Slips As Fed And Inflation Concerns Loom
What’s going on here? Sterling slipped against the dollar as investors brace for potential shifts in the Federal Reserve’s monetary…