New Jersey schools are facing a fiscal cliff as the state spends $7.3 billion on illegal immigration
TRENTON, NJ – As more New Jersey schools continue to report closures, staff layoffs, and even the sale of longtime community schools because of being ‘shortchanged’ by Governor Phil Murphy’s S2 funding…
Germany sees 50% chance of agreement on EU fiscal rules on Friday – govt sources
BERLIN (Reuters) – There is a real chance of reaching an agreement on the reform of European Union fiscal rules on Friday, German finance ministry sources said. “There is at least a…
Colombia needs to cut spending by $5.7 billion to meet 2024 fiscal rule-committee
BOGOTA (Reuters) – Colombia will need to cut spending in 2024 by 23 trillion pesos, some $5.75 billion, to comply with its fiscal rule, a committee said on Tuesday, amid uncertainty over…
Deal on EU fiscal rules unlikely this year, say officials
By Jan Strupczewski BRUSSELS (Reuters) – European Union governments look increasingly unlikely to reach a deal on new EU fiscal rules this year because their differences on the pace needed to consolidate…
Canada has new fiscal goals but analysts put little stock in them
By Steve Scherer and Fergal Smith OTTAWA (Reuters) – Canada has been criticized for years for failing to meet its debt-reduction goals and many economists say Prime Minister Justin Trudeau’s Liberal government…
EU deal on budget review stuck because of Germany’s internal fiscal problems
BRUSSELS (Reuters) – The biggest obstacle to a deal on a mid-term revision of the European Union’s 7-year budget is the internal discussion in Germany on the country’s own budget, thrown into…
OECD says UK needs tougher fiscal policy amid tax cut talk
By Suban Abdulla LONDON (Reuters) – Britain’s government should tighten its budgetary belt, the OECD said on Wednesday, advice that is unlikely to be welcomed by Prime Minister Rishi Sunak who is…
Romania’s pension reform raises fiscal risks, rating agencies warn
By Luiza Ilie BUCHAREST (Reuters) – Romania has yet to present credible measures to offset the budget impact of planned pension hikes in the 2024 election year, Standard & Poor’s said, as…
Argentina’s Milei, IMF discuss fiscal adjustment plan, monetary program
(Reuters) – Argentina President-elect Javier Milei said on Friday he had spoken with the director of the International Monetary Fund (IMF), Kristalina Georgieva, regarding plans to adjust the country’s fiscal policy and…
S&P revises Bahrain’s outlook to ‘stable’ on fiscal deficit worries
(Reuters) – S&P Global Ratings on Friday revised Bahrain’s outlook to “stable” from “positive”, citing spending pressures that could push the country’s fiscal deficit wider than the credit ratings agency previously expected.…
Brazil’s govt 2023 primary deficit forecast deteriorates, approaching fiscal target
BRASILIA (Reuters) – Brazil’s government projections for its public accounts in 2023 have substantially worsened, with the deficit before interest expenses now nearing the annual fiscal target, as indicated by its latest…
U.S. Trustee Program Provides Nearly 10,000 Language Interpretation Sessions in Fiscal Year 2023 for Debtors with Limited English Proficiency
Consistent with its commitment to access to justice for all, the U.S. Trustee Program provided 9,910 free telephone interpretation sessions for debtors with limited English proficiency in bankruptcy proceedings in Fiscal Year…
Brazil to maintain target of zero fiscal deficit in 2024
BRASILIA (Reuters) – Brazil’s Institutional Relations Minister Alexandre Padilha said on Thursday there will be no initiative from the government to change its fiscal target, which currently foresees erasing the country’s fiscal…
German government’s court setback unlikely to impact EU fiscal rule reform
BRUSSELS (Reuters) – A German court ruling that forced Berlin to freeze 60 billion euros in planned green investment spending is unlikely to have much impact on the reform of EU fiscal…
China’s fiscal revenue up in October amid tentative recovery
BEIJING (Reuters) – China’s fiscal revenue grew 2.6% in October from a year earlier, after a 1.3% fall in September, marking the first monthly growth since July, according to Reuters calculations based…
Japan to top up fiscal loans, investments to boost supply chain -draft
By Takaya Yamaguchi TOKYO (Reuters) -Japan’s government is set to increase its fiscal loan and investment programme in a planned second extra budget to beef up supply chains and other long-term spending,…
Aussie pizza-maker Domino’s eyes higher profit in fiscal 2024
By Rishav Chatterjee (Reuters) -Australia’s Domino’s Pizza Enterprises on Wednesday said it expects earnings in fiscal 2024 to be significantly higher than 2023 as it continues to cut costs. Domino’s reported earnings…
China Jan-Sept fiscal revenue growth slows amid shaky recovery
BEIJING (Reuters) – China’s fiscal revenue grew 8.9% in the first nine months, decelerating from a 10% gain in January-August, official data showed, as its economic recovery remained on shaky ground. Fiscal…
Harvard posts investment gain in fiscal 2023, endowment stands at $50.7 billion
BOSTON (Reuters) – Harvard University’s endowment fund, the world’s largest university endowment, posted a small investment gain that bested several other top U.S. universities’ returns but saw the value of the fund…
Former Senior Fiscal Officer for Non-Profit Organization Charged With Multi-Million Dollar Embezzlement Scheme
A criminal complaint was unsealed today in federal court in Brooklyn charging Marcia Joseph with wire fraud in connection with her embezzlement of approximately $2.3 million from her employer, a non-profit organization…
IMF fiscal chief: U.S., China must rein in debt, face different challenges
By David Lawder MARRAKECH, Morocco (Reuters) – The U.S. and China will both need to make major changes to put their medium-term debt and deficit on a sustainable path, International Monetary Fund…
Argentine executives pitch fiscal discipline as election hits home stretch
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s next government will have to cut spending and stop printing pesos to get the inflation-wrecked economy back on track, executives and other members of…
Brazil central bank chief says governments must address fiscal issues to avoid market disruption
(Reuters) – Brazil’s central bank chief, Roberto Campos Neto, said on Tuesday that governments need to start addressing fiscal issues, noting a current lack of coordination that is starting to bite, even…
Top bank MUFG’s market chief flags concerns on Japan’s lax fiscal discipline
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Japan’s financial indiscipline amid rising inflation may disrupt its bond market, a senior executive of top lender Mitsubishi UFJ Financial Group said, in…
IMF chief Georgieva: soft landing possible, but fiscal, debt risks abound
By Andrea Shalal (Reuters) – Stronger demand for services and progress on lowering inflation have increased the chances that the global economy can escape recession, but fiscal and financial risks abound, IMF…
Brazil’s cenbank chief warns inflation expectations may not converge amid fiscal concerns
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Friday that inflation expectations are not aligned with official goals, and signaled they may not be anchored if the government’s…
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