#fiscal policy
articles
Lima Earthquake Could Cost Peru $28 Billion, Insurers Warn
Peru's insurance association says a major quake in Lima could cause damage worth 7–8% of GDP and leave 95% of losses uni...
Brazil's Next President Must Open With a Political Pact to Avert Fiscal Crisis
With gross debt at 81.9% of GDP and social-security spending above R$1 trillion a year, economists argue only credible s...
France's Richest Already Pay Proportionally More Tax, Peyrelevade Argues
A French parliamentary inquiry has forced the tax authority to publish long-held top-income data, reviving a dispute ove...
Brazil's Finance Minister Rejects Retail Crisis Talk, Vows Fiscal Tightening to Lower Rates
Brazil's finance minister says high rates are squeezing credit-dependent retailers such as Casas Bahia, but rejects a ge...
US Public Debt Tops $40 Trillion as Long-Term Yields Hit 18-Year High
The Treasury is doubling buybacks of long-term bonds after 30-year yields touched 5.34%, the highest since 2007, deepeni...
China's July Data Show Weak Demand Behind Booming AI and Equipment Sectors
Industrial output, retail sales and investment all cooled in July, while AI-linked manufacturing surged. Analysts argue ...
Germany Needs Structural Reform, Not Just More Debt, Strategist Argues
Robert Halver warns that Germany’s old export model has lost its geopolitical tailwinds — and that debt without competit...
Brazil Starts Pricing Lula Re-Election Risk Into the Real
JPMorgan's Brazil downgrade and an MSCI index move triggered an unwind of crowded long-real bets, with election and 2027...
Cape Verde President Promulgates Revised 2026 State Budget of €942 Million
The rectified budget raises state spending from €868m to €942m, with new funds for education, oncology and kidney transp...
France's 2027 Budget Reopens the Pension Indexation Fight
Bercy is again weighing a freeze or partial de-indexation of pensions, while one public-sector consultant says a multi-y...
Moody’s: Peru’s New Government Gets a Robust Fiscal Hand, but Not an Automatic Rating Upgrade
Moody’s says Peru’s incoming administration starts from a “robust” fiscal position, but the road back to an “A” rating r...
Slovak GDP Growth Slows to 0.7% in Q2, Trailing EU as Fiscal Squeeze Bites
Weak industry, fiscal consolidation and lower investment kept Slovakia at its slowest annual growth in a year, while the...
US Posts Record $432 Billion July Deficit as Interest and Mandatory Spending Climb
The US Treasury's July deficit jumped 48.5% to $432.3 billion, and the ten-month fiscal 2026 gap of $1.799 trillion has ...
Brazil Congress Approves Fuel-Tax Relief Tied to Oil Windfall and Spending Brakes
Finance Minister Dario Durigan says the package’s two fiscal brakes should trim mandatory spending by about R$10 billion...
Germany's 2026 Tax Bill Hikes Interest Rates, Expands R&D Credit, and Forces Digital Tax Delivery
The German cabinet approved the Annual Tax Act 2026, introducing higher tax interest, a €25 million R&D credit cap, defa...
Researcher: Cap Brazil's 'Supersalários' to Save R$500bn and Fight Inequality
A proposal to enforce the constitutional salary cap for all Brazilian public servants could unlock nearly R$500 billion ...
Chile, Latin America's Top-Rated Sovereign, Faces Fresh Downgrade Risk Over Tax Cuts
Fitch warns Chile's recent tax cuts may not deliver the growth needed to offset lost revenue, leaving the 2027 budget as...
China Factory-Gate Inflation Slows to 3.5% as Domestic Demand Lags
Producer price inflation in China rose just 3.5% year-on-year in July, the slowest pace in three months, while consumer ...
PM Takaichi Pledges Two-Year Food Tax Holiday, Stands Firm on Non-Nuclear Principles
Prime Minister Sanae Takaichi announces a plan to slash food consumption tax to near zero for two years, paired with a n...
French Economists Propose Broader Income Tax Base and Flat Withholding Rate to Fix Public Finances
Guillaume Allègre and Xavier Timbeau argue France must tax currently exempt revenues to fund growing climate and demogra...
AfD's Unfunded Eastern Promises May End in a 'Blue' Awakening
Germany's AfD could take power in Saxony-Anhalt and Mecklenburg-Vorpommern, but its pledges—€2.5bn a year in one state a...
Brazil's Workers' Party Makes Lula's Fourth-Term Bid Official, Setting Up Bolsonaro Showdown
The PT formalized Lula and Alckmin as its ticket for October, with the 80-year-old incumbent leading a polarized race ag...
Brazil's Gross Public Debt Hits 81.9% of GDP, Highest Since 2021
Brazil's gross government debt rose 0.9 percentage points in June to 81.9% of GDP, the highest since April 2021, as inte...
Milei Proposes Permanent Fiscal Lock, Capital Market Liberalization and Insurance Overhaul
Argentina’s president unveiled three interconnected bills: a constitutional fiscal balance mandate with automatic govern...
Colombia's 2027 Budget Slashes Roads and Education, Faces COP 30 Trillion Financing Hole
The Petro government's COP 575.6 trillion spending plan for 2027 cuts infrastructure and education sharply yet still has...
Colombia's Tax Break Cost Hits 8.9% of GDP as New Finance Chief Plans to Kill Reform
Colombia's tax expenditures—exemptions, deductions and special rates—have ballooned to an OECD-warned 8.9% of GDP. The i...
Investment Returns to Colombia's Economic Agenda as New Government Sets First 100-Day Tone
The incoming administration signals a shift toward fiscal discipline and regulatory clarity to attract capital into ener...
Milei Wants US-Style Government Shutdown for Deficits and a Central Bank ‘Monetary Handcuff’
Argentina’s president unveils a fiscal rule that would automatically paralyze non‑essential state services if the budget...
Russia Orders Special Economic Zone Companies to Share Live Data with Tax Authority
Residents of priority development territories and special economic zones will have to connect to the FNS's AIS Nalog-3 s...
Japan Scraps Budget Caps, Creates ‘Strong and Rich Japan’ Investment Framework
Tokyo forecasts 0.9% real GDP growth in FY2026, 1.1% in FY2027, and launches a dedicated domestic investment window, end...