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Fiscal

German finance minister: must talk about fiscal stimulus for 2024 budget

November 22, 2022November 22, 2022
German finance minister: must talk about fiscal stimulus for 2024 budget - photo licensed by shore news network.

BERLIN (Reuters) – The German government needs to talk about fiscal measures for the 2024 budget to stimulate the economy, Finance Minister Christian Lindner said …

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Brazil’s Lula: Fiscal responsibility crucial but must also spend to improve country

November 19, 2022
Brazil's lula: fiscal responsibility crucial but must also spend to improve country - photo licensed by shore news network.

By Catarina Demony LISBON (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva said on Saturday that fiscal responsibility was crucial but that spending to …

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Brazil’s Treasury presents new fiscal anchor for debate

November 14, 2022
Brazil's treasury presents new fiscal anchor for debate - photo licensed by shore news network.

BRASILIA (Reuters) – Brazil’s Treasury on Monday presented a proposal for a new fiscal anchor that aims to replace three rules currently in force with …

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Explainer-Bracket creep, fiscal drag: how inflation warps the tax take

November 14, 2022
Explainer-bracket creep, fiscal drag: how inflation warps the tax take - photo licensed by shore news network.

By Leigh Thomas PARIS (Reuters) – While households struggle to cope with rocketing prices, the inflation spike is good for the taxman because it means …

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Brazil cenbank chief says fiscal prudence central to inflation aims

November 11, 2022
Brazil cenbank chief says fiscal prudence central to inflation aims - photo licensed by shore news network.

BRASILIA (Reuters) -Brazil’s central bank chief Roberto Campos Neto emphatically defended the need for fiscal balance on Friday, following statements by leftist President-elect Luiz Inacio …

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Fiscal and social concerns equally important for Brazil’s economy, Itau CEO says

November 11, 2022November 11, 2022
Fiscal and social concerns equally important for brazil's economy, itau ceo says - photo licensed by shore news network.

SAO PAULO (Reuters) – Fiscal and social concerns should be given equal weight in the running of Brazil’s economy, the chief executive of bank Itau …

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IMF backs Latam progressive taxes, fiscal discipline

November 2, 2022
Imf backs latam progressive taxes, fiscal discipline - photo licensed by shore news network.

By Rodrigo Campos NEW YORK (Reuters) – The International Monetary Fund will continue to be supportive of progressive tax reforms in Latin America and the …

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Suspension of oil exploration in Colombia would be high risk -fiscal paneld

October 31, 2022October 31, 2022
Suspension of oil exploration in colombia would be high risk -fiscal paneld - photo licensed by shore news network.

BOGOTA (Reuters) – Income derived from hydrocarbon exploration and production in Colombia is key to the country’s financial stability and its trade balance, its fiscal …

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Suspension of oil exploration in Colombia would be high risk -fiscal paneld

October 31, 2022October 31, 2022
Suspension of oil exploration in colombia would be high risk -fiscal paneld - photo licensed by shore news network.

BOGOTA (Reuters) – Income derived from hydrocarbon exploration and production in Colombia is key to the country’s financial stability and its trade balance, its fiscal …

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India’s April-Sept fiscal deficit touches $74.91 billion, tax receipts rise

October 31, 2022October 31, 2022
India's april-sept fiscal deficit touches $74. 91 billion, tax receipts rise - photo licensed by shore news network.

NEW DELHI (Reuters) – India’s federal fiscal deficit in the first half of the financial year through September rose to 6.20 trillion rupees ($74.91 billion) …

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Canada’s fiscal update won’t make central bank’s job harder -sources

October 27, 2022
Canada's fiscal update won't make central bank's job harder -sources - photo licensed by shore news network.

By Steve Scherer OTTAWA (Reuters) – Canada’s Liberal-led government will keep its powder dry when it unveils a fiscal update next month, and though it …

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China’s fiscal revenue growth speeds up, but land sales earnings slide

October 25, 2022
China's fiscal revenue growth speeds up, but land sales earnings slide - photo licensed by shore news network.

BEIJING (Reuters) – China’s fiscal revenue growth picked up pace in September from a month earlier, according to Reuters calculations based on official data on …

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S&P says improved fiscal outcomes for Australia underpin AAA rating

October 25, 2022
S&p says improved fiscal outcomes for australia underpin aaa rating - photo licensed by shore news network.

SYDNEY (Reuters) – Australia’s improved fiscal outcomes from a strong economy and high commodity prices underpin its AAA sovereign rating, S&P Global said on Tuesday, …

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Fiscal discipline ‘non-negotiable’ if Lula wins Brazil election -running mate

October 24, 2022October 24, 2022
Fiscal discipline 'non-negotiable' if lula wins brazil election -running mate - photo licensed by shore news network.

BRASILIA (Reuters) – Fiscal responsibility will not be negotiable if leftist leader Luiz Inacio Lula da Silva wins next Sunday’s presidential runoff vote, Lula’s running …

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IMF says Britain’s U-turn on economic plan signals fiscal discipline

October 18, 2022October 18, 2022
Imf says britain's u-turn on economic plan signals fiscal discipline - photo licensed by shore news network.

WASHINGTON (Reuters) -The International Monetary Fund on Tuesday applauded the new British finance minister’s decision to scrap most of a proposed debt-financed fiscal package, saying …

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UK’s Hunt brings forward fiscal announcement to Monday

October 17, 2022
Uk's hunt brings forward fiscal announcement to monday - photo licensed by shore news network.

LONDON (Reuters) – New British finance minister Jeremy Hunt will announce tax and spending measures on Monday, two weeks earlier than previously scheduled, the finance …

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Analysis – A $1 trillion headache: China’s local fiscal shortfall poses broader growth risks

October 16, 2022
Analysis - a $1 trillion headache: china's local fiscal shortfall poses broader growth risks - photo licensed by shore news network.

By Ellen Zhang and Ryan Woo BEIJING (Reuters) – By any account, $1 trillion seems huge. That’s the scale of budget shortfalls facing Chinese provinces, …

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UK’s Truss sacrifices close friend Kwarteng over unloved fiscal plan

October 14, 2022October 14, 2022
Uk's truss sacrifices close friend kwarteng over unloved fiscal plan - photo licensed by shore news network.

By Alistair Smout and Elizabeth Piper LONDON (Reuters) – He was one of her closest friends and supporters, but Prime Minister Liz Truss sacked Britain’s …

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FTSE rallies on hopes of fiscal plan reversal

October 14, 2022
Ftse rallies on hopes of fiscal plan reversal - photo licensed by shore news network.

(Reuters) – UK’s main indexes jumped on Friday, on growing expectations that the UK government will announce a U-turn on elements of its 43-billion-pound package …

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UK’s Kwarteng heads home early amid reports of fiscal policy U-turn

October 14, 2022
Uk's kwarteng heads home early amid reports of fiscal policy u-turn - photo licensed by shore news network.

By William Schomberg and David Lawder LONDON/WASHINGTON (Reuters) -British finance minister Kwasi Kwarteng cut short his trip to Washington for this week’s global finance minister …

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Fiscal expansion risks forcing ECB into more rate hikes, Kazaks says

October 13, 2022October 13, 2022
Fiscal expansion risks forcing ecb into more rate hikes, kazaks says - photo licensed by shore news network.

WASHINGTON (Reuters) – The European Central Bank should keep raising interest rates quickly, and expansive fiscal policy around the 19-country euro zone is raising the …

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IMF fiscal chief underscores need for ‘orderly debt restructuring’

October 12, 2022October 12, 2022
Imf fiscal chief underscores need for 'orderly debt restructuring' - photo licensed by shore news network.

By Andrea Shalal WASHINGTON (Reuters) – Rising debt levels and mounting fiscal pressures underscore the urgency for more “orderly debt restructuring” efforts to put low-income …

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Explainer-What do Lula and Bolsonaro propose for Brazil fiscal policy?

October 10, 2022October 10, 2022
Explainer-what do lula and bolsonaro propose for brazil fiscal policy? - photo licensed by shore news network.

By Bernardo Caram BRASILIA (Reuters) – Both of Brazil’s presidential candidates, President Jair Bolsonaro and former President Luiz Inacio Lula da Silva, have proposed changes …

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EU eyes multi-year fiscal plans that include investment, reform -Gentiloni

October 10, 2022October 10, 2022
Eu eyes multi-year fiscal plans that include investment, reform -gentiloni - photo licensed by shore news network.

By Jan Strupczewski (Reuters) – The ongoing reform of EU fiscal rules could give governments more leeway in plans that combine debt cuts with investment …

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Explainer-What do Lula and Bolsonaro propose for Brazil fiscal policy?

October 6, 2022October 6, 2022
Explainer-what do lula and bolsonaro propose for brazil fiscal policy? - photo licensed by shore news network.

By Bernardo Caram BRASILIA (Reuters) – Both of Brazil’s presidential candidates, President Jair Bolsonaro and former President Luiz Inacio Lula da Silva, have proposed changes …

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Global recession can be avoided with right fiscal policies -IMF’s Georgieva

October 3, 2022
Global recession can be avoided with right fiscal policies -imf's georgieva - photo licensed by shore news network.

By Aziz El Yaakoubi RIYADH (Reuters) – Global recession can be avoided if governments’ fiscal policies were consistent with monetary policy tightening, but likely there …

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Greek economy to grow by 2.1% in 2023 from 5.3% this year – fiscal council report

October 3, 2022

ATHENS (Reuters) – Greece’s economy is expected to grow by 2.1% in 2023 from 5.3% this year, according to a report by the country’s fiscal …

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Britain’s Kwarteng doubles down on tax cuts, promises fiscal discipline

October 2, 2022
Britain's kwarteng doubles down on tax cuts, promises fiscal discipline - photo licensed by shore news network.

By Alistair Smout and Elizabeth Piper BIRMINGHAM (Reuters) – British finance minister Kwasi Kwarteng will vow on Monday to stay the course with his planned …

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White House’s Deese, asked about UK economic plans, stresses ‘fiscal prudence’

September 27, 2022September 27, 2022
White house's deese, asked about uk economic plans, stresses 'fiscal prudence' - photo licensed by shore news network.

By Andrea Shalal WASHINGTON (Reuters) -White House economic adviser Brian Deese said on Tuesday he was not surprised by the negative reaction of financial markets …

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Thai govt plans $21.6 billion in new borrowing in 2023 fiscal year

September 27, 2022
Thai govt plans $21. 6 billion in new borrowing in 2023 fiscal year - photo licensed by shore news network.

BANGKOK (Reuters) – Thailand’s government plans new borrowing of about 820 billion baht ($21.64 billion) in the 2023 fiscal year starting Oct. 1, mainly to …

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BoE’s Haskel sees tension with government fiscal expansion

September 22, 2022September 22, 2022
Boe's haskel sees tension with government fiscal expansion - photo licensed by shore news network.

By David Milliken LONDON (Reuters) -Bank of England policymaker Jonathan Haskel said the UK central bank was in a difficult position as the government’s expansionary …

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Germany must utilize fiscal policy to support economy – Habeck

September 22, 2022
Germany must utilize fiscal policy to support economy - habeck - photo licensed by shore news network.

BERLIN (Reuters) – Germany must fully utilize its fiscal policy to preserve the economy and keep business and industry investments, Economy Minister Robert Habeck said …

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Brazil’s govt eyes new fiscal rule to increase spending from 2023

September 20, 2022

By Bernardo Caram BRASILIA (Reuters) – Brazil’s Economy Ministry is mulling a new fiscal rule that would allow government spending to grow above inflation depending …

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Biden recommends admitting 125,000 refugees in fiscal year 2023 -State Dept

September 9, 2022
Biden recommends admitting 125,000 refugees in fiscal year 2023 -state dept - photo licensed by shore news network.

WASHINGTON (Reuters) -U.S. President Joe Biden’s administration is recommending a refugee admissions target of 125,000 for fiscal year 2023, State Department spokesperson Ned Price said …

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Taiwan central bank calls for fiscal stimulus as external demand slows

September 7, 2022
Taiwan central bank calls for fiscal stimulus as external demand slows - photo licensed by shore news network.

TAIPEI (Reuters) -The head of Taiwan’s central bank said on Wednesday that external demand momentum will slow next year and an expansionary fiscal policy should …

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Thai economy in recovery, fiscal position strong – Dep PM

September 6, 2022
Thai economy in recovery, fiscal position strong - dep pm - photo licensed by shore news network.

BANGKOK (Reuters) – Thailand’s economy is gradually recovering from the impact of the pandemic and its fiscal and financial position remains strong, Deputy Prime Minister …

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Investors must wait for Brazil election for fiscal clarity -Credit Suisse executive

September 6, 2022
Investors must wait for brazil election for fiscal clarity -credit suisse executive - photo licensed by shore news network.

By Paula Arend Laier SAO PAULO (Reuters) – Investors seeking clarity about the future of Brazil’s fiscal policy from 2023 on must wait for the …

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IMF calls for EU fiscal capacity, rules to be linked to risk

September 5, 2022
Imf calls for eu fiscal capacity, rules to be linked to risk - photo licensed by shore news network.

By Jan Strupczewski BRUSSELS (Reuters) – The European Union should set up a fiscal capacity to pay for EU public goods, link the pace of …

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One-time loan forgiveness is on sound legal and fiscal footing, White House claims

August 27, 2022August 27, 2022
One-time loan forgiveness is on sound legal and fiscal footing, white house claims - photo licensed by shore news network.

By Alexandra Alper WASHINGTON  – U.S. President Joe Biden’s decision to forgive a portion of student loan debt for many Americans is on a strong …

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China’s fiscal revenue growth slows slightly amid sluggish economic recovery

August 17, 2022
China's fiscal revenue growth slows slightly amid sluggish economic recovery - photo licensed by shore news network.

BEIJING (Reuters) – China’s fiscal revenue growth slowed slightly in the January-July period compared to the first six months of the year, finance ministry data …

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EXCLUSIVE: Illegal Border Crossings, Migrant Deaths Shattered Records In Fiscal Year 2022

August 8, 2022
Exclusive: illegal border crossings, migrant deaths shattered records in fiscal year 2022 - photo licensed by shore news network.

EXCLUSIVE: Illegal Border Crossings, Migrant Deaths Shattered Records In Fiscal Year 2022 Jennie Taer on August 8, 2022 Border Patrol agents have encountered a record …

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IMF chief welcomes push to boost Argentina’s fiscal health

July 25, 2022
Imf chief welcomes push to boost argentina's fiscal health - photo licensed by shore news network.

BUENOS AIRES – The head of the International Monetary Fund on Monday described a meeting with Argentina’s economy minister, Silvina Batakis, as “productive,” amid a …

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Japan slashes fiscal year GDP growth f’cast to 2.0% on global demand slump

July 25, 2022
Japan slashes fiscal year gdp growth f'cast to 2. 0% on global demand slump - photo licensed by shore news network.

By Daniel Leussink TOKYO – Japan’s government slashed its economic growth forecast for this fiscal year largely due to slowing overseas demand, highlighting the impact …

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IMF says China needs more fiscal, monetary support to fight COVID slowdown

July 14, 2022
Imf says china needs more fiscal, monetary support to fight covid slowdown - photo licensed by shore news network.

By David Lawder WASHINGTON -The International Monetary Fund said on Thursday that China needs to add more fiscal and monetary policy support to combat an …

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China’s fiscal revenue growth quickens as economy recovers

July 13, 2022
China's fiscal revenue growth quickens as economy recovers - photo licensed by shore news network.

BEIJING -China’s fiscal revenue growth accelerated in January-June from the first five months, the finance ministry said on Thursday, as the economy showed signs of …

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Brazil real to firm, but pre-election fiscal loosening seen as risk – Reuters poll

July 7, 2022
Brazil real to firm, but pre-election fiscal loosening seen as risk - reuters poll - photo licensed by shore news network.

By Gabriel Burin BUENOS AIRES – Brazil’s real is expected to firm over the next 12 months but will come under growing pressure from planned …

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Tata Motors aims to sell 50,000 EVs in this fiscal yr

July 4, 2022
Tata motors aims to sell 50,000 evs in this fiscal yr - photo licensed by shore news network.

NEW DELHI – Tata Motors aims to sell about 50,000 electric vehicles (EVs) in the fiscal year to March 31, and double that in the …

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GreenPower Reports Revenue of $17.2 Million for Fiscal Year Ended March 31, 2022, an Increase of 30% Over Last Year

July 1, 2022
Greenpower reports revenue of $17. 2 million for fiscal year ended march 31, 2022, an increase of 30% over last year - photo licensed by shore news network.

VANCOUVER, BC, July 1, 2022 — GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (“GreenPower” or the “Company”), a leading manufacturer and distributor of zero-emission, electric-powered, …

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German finance minister warns of stagflation risk, pledges return to fiscal rigour

June 13, 2022
German finance minister warns of stagflation risk, pledges return to fiscal rigour - photo licensed by shore news network.

BERLIN – German Finance Minister Christian Lindner said there was a risk of a period of high inflation and low growth following Russia’s invasion of …

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China unveil steps to ease fiscal strains on local governments

June 13, 2022
China unveil steps to ease fiscal strains on local governments - photo licensed by shore news network.

BEIJING – China’s cabinet unveiled some steps on Monday to improve the allocation of resources among local governments to help ease their growing fiscal strains …

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