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…
Thai govt plans $21.6 billion in new borrowing in 2023 fiscal year
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 finance a budget deficit, the finance ministry…
BoE’s Haskel sees tension with government fiscal expansion
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 fiscal policy appeared to place it at…
Germany must utilize fiscal policy to support economy – Habeck
BERLIN (Reuters) – Germany must fully utilize its fiscal policy to preserve the economy and keep business and industry investments, Economy Minister Robert Habeck said on Thursday. Habeck said the ability of…
Brazil’s govt eyes new fiscal rule to increase spending from 2023
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 on economic growth and the gross debt…
Biden recommends admitting 125,000 refugees in fiscal year 2023 -State Dept
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 on Friday. The proposed target – the…
Taiwan central bank calls for fiscal stimulus as external demand slows
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 be adopted to stimulate domestic demand. The…
Thai economy in recovery, fiscal position strong – Dep PM
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 Supattanapong Punmeechaow told a business seminar on…
Investors must wait for Brazil election for fiscal clarity -Credit Suisse executive
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 outcome of October’s presidential election, said the…
IMF calls for EU fiscal capacity, rules to be linked to risk
By Jan Strupczewski BRUSSELS (Reuters) – The European Union should set up a fiscal capacity to pay for EU public goods, link the pace of debt cuts to individual country risk and…
One-time loan forgiveness is on sound legal and fiscal footing, White House claims
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 legal and fiscal footing, Bharat Ramamurti, director…
China’s fiscal revenue growth slows slightly amid sluggish economic recovery
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 showed on Wednesday, as the economy was…
EXCLUSIVE: Illegal Border Crossings, Migrant Deaths Shattered Records In Fiscal Year 2022
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 number of 1,853,837 migrants since October, according…
IMF chief welcomes push to boost Argentina’s fiscal health
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 deepening economic crisis afflicting South America’s third-biggest…
Japan slashes fiscal year GDP growth f’cast to 2.0% on global demand slump
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 of Russia’s war in Ukraine, China’s strict…
IMF says China needs more fiscal, monetary support to fight COVID slowdown
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 economic slowdown brought on by continued COVID-19…
China’s fiscal revenue growth quickens as economy recovers
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 a slow recovery in June after earlier…
Brazil real to firm, but pre-election fiscal loosening seen as risk – Reuters poll
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 extra social spending against a complex economic…
Tata Motors aims to sell 50,000 EVs in this fiscal yr
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 2023/24 period, Chairman N Chandrasekaran told a…
GreenPower Reports Revenue of $17.2 Million for Fiscal Year Ended March 31, 2022, an Increase of 30% Over Last Year
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, medium and heavy-duty vehicles, today announced fourth…
German finance minister warns of stagflation risk, pledges return to fiscal rigour
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 Ukraine, which had driven already high inflation…
China unveil steps to ease fiscal strains on local governments
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 and debt risks, amid efforts to support…
Exclusive-Czech minister plans lower 2023 deficit to keep fiscal plans on track
By Jan Lopatka and Jason Hovet PRAGUE – The Czech Republic’s finance minister told Reuters he aimed to keep next year’s budget deficit target below this year’s plan – after a report…
Pakistan expects GDP growth to slow to 5% amid fiscal consolidation
By Asif Shahzad ISLAMABAD – Pakistan GDP growth will slow to 5% for the upcoming fiscal year beginning on July 1, from 5.9% in the outgoing year, following budgetary tightening aimed at…
Pakistan slashes fuel subsidies in bid to control fiscal deficit – finance minister
KARACHI, Pakistan – Pakistan will slash fuel subsidies for a second time in a week in a bid to control the fiscal deficit and secure International Monetary Fund (IMF) bailout money, the…
Column-Missing the mix? Central bank view framed by fiscal space :Mike Dolan
By Mike Dolan LONDON – Markets may be missing the mix. As financial markets parse monetary policy tea leaves by the hour and remain in thrall to the twists and turns of…
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