Keyword "public finances" - List of latest news (55 results)

06:05 Treasurer, contender face off in debate

Australia’s next Treasurer will be tasked with guiding the nation through a “pivotal moment”, as two key issues inflame an increasingly uncertain global environment, the Business Council of Australia boss has declared.

24/03 Airplane in the budget: 2 months, 2,000 billion forints of public debt

The strengthening of the forint beautified the value of foreign currency debt by HUF 422 billion, so the government debt increased by only HUF 2,000 billion in two months. The yield payments of the government securities (inflation) took nearly a thousand billion forints, the 13th month pension of nearly HUF 500 billion. By the end of February, 40 percent of the annual deficit plan had come togethe

22/03 Deco alerts to inequalities in access to medicines and calls for review of reimbursements

Deco Proteste warned today for inequalities in access to the drug in Portugal, appealing to the revision of the reimbursement system, which claims to make unprotected citizens more vulnerable.

21/03 EU wants to upgrade massively in the next five years

The EU summit wants to massively upgrade Europe by 2030: In the summit declaration, the European Council in Brussels is calling in Brussels on Thursday to "accelerate work in all areas in order to significantly increase the willingness of Europe in the next five years". The summit refers to the plans of the EU Commission for Community Procurement and Massive Investments in Defense to grow growing

20/03 'Liz Kendall just proved that Labour doesn't have the guts for drastic change'

Liz Kendall has inherited a poisoned chalice along with an army of angry backbenchers.

26/02 Judge gives Trump Administration two days to unlock thousands of millions of dollars of foreign aid retained

A federal judge today gave the Trump administration less than two days to unlock thousands of millions of dollars in foreign aid from the United States retained.

14/02 Rachel Reeves humiliated as experts send brutal warning over huge tax raids

Analysts warned the Chancellor her split between spending cuts and higher taxes was "similar to that seen in unsuccessful adjustments" where countries failed to slash their Budget deficits.

22/01 The government saved money on families and wasted money on the airport. This is how the deficit became HUF 4 thousand billion

VAT revenues in 2024 fell far short of the plan, this was largely compensated by other revenues, such as the increase in the transaction tax. On the expenditure side, much more than planned was spent on state purchases (for example, the Ferihegy airport), state investments, and Hungarians across the border. The weakening of the forint exchange rate took HUF 1.1 billion. Less than planned was spent

09/01 According to the NGM, it is "much more favorable than expected" that the government only overspent by HUF 2.6 billion in 2024

The government missed the original statutory deficit targets by quite a bit: instead of 2.5 thousand billion forints, the deficit became 4.1 thousand billion forints, and as a percentage of GDP, it was 4.8 percent instead of 2.9 percent. Even the raised deficit target was not met, as it was 4.5 percent.

03/01 Staggering amount UK would still be paying to EU without Brexit

New analysis has revealed an eye-watering sum Britain would still be paying to Brussels if the country was still in the bloc.

17/12 Pensioners blast Labour government over latest winter fuel payment snub

EXCLUSIVE: They say Keir Starmer's party is 'devoid of Christmas cheer' amid concerns that ministers have changed their attitude towards the elderly

16/12 There is a HUF 2.4 billion hurdle in the 2025 budget

The Parliament votes on the budget in such a way that the chapter of the Ministry of Finance is included in it. But the ministry will no longer exist on January 1. It is likely that the government will amend the budget by decree immediately after its adoption by the parliament.

03/11 Rachel Reeves shamelessly admits she was wrong to promise no Labour tax hikes

Rachel Reeves has attempted to distance herself from previous promises not to raise taxes as she defended her bombshell budget.

31/10 Robert Jenrick slams 'Halloween horror show' as Reeves dubbed 'compulsive liar'

Tory leadership candidate Robert Jenrick called yesterday's budget a "Halloween horror show" after Rachel Reeves announced £40bn in tax hikes.

29/10 Rachel Reeves taunted over Budget warning as Chancellor faces fury

The Shadow Chancellor, in his final clash with Ms Reeves, said he agrees with the Labour politician's claim that increasing employer national insurance contributions would "take money out of people's pockets."

22/10 Public sector pay rises trigger massive borrowing surge

Inflation-busting public sector pay rises have helped fuel a surge in borrowing in a major headache for Rachel Reeves.

16/10 'Rachel Reeves is spinning false claims about financial blackhole'

The Chancellor is trying to pull the wool over Express readers' eyes about the state of the public finances.

16/10 Labour civil war as Rachel Reeves battles cabinet members over £100bn black hole

Labour cabinet members are up in arms over the Chancellor's warning that this year's £22bn black hole will be recurring for the next five years.

14/10 Rachel Reeves confirms state pension to rise by hundreds of pounds

The Chancellor has said the state pension is set to rise by around £450 next April.

10/10 Rachel Reeves warned new cut will cause NHS retirement chaos

The Chancellor, Rachel Reeves, has been warned that the implementation of cuts to the NHS pension cap will see an exodus of senior doctors.

30/09 Jeremy Hunt accuses Rachel Reeves of lying about the state of the public fina...

The shadow chancellor said Labour has inherited an economy that is on the up.

23/09 Heartbreaking chart showing how Labour has wrecked retirement for pensioners

A shocking new graph shows a stark increase in pensioners desperately trying to seek help.

06/09 The utterly confusing and pointless £51m car park that isn’t connected to a road

Oxfordshire county council has been criticised for building a £51 million car park that will not be connected to a road for at least two years.

02/09 Keir Starmer accused of 'running scared' on winter fuel allowance

The Prime Minister is refusing to let MPs vote on controversial changes to the payment.

28/08 British pensioners to keep winter fuel allowance but only if they live in EU

Sir Keir Starmer found himself on the backfoot when challenged on the issue yesterday, describing it as a "choice we had to make".

24/08 Keir Starmer blames Tories for riots as he issues dire warning

Riot thugs thought they could get away with it because Conservatives broke criminal justice system, says PM

17/08 Chancellor Rachel Reeves 'must come clean' over pensioners going cold

Government is refusing to publish assessment of winter fuel payment cut

10/08 Drivers urged to fill up cars by end of October ahead of £3bn warning

Chancellor Rachel Reeves is reportedly considering a fuel duty rise and motorists are being advised to fill up before October 30

30/07 Rachel Reeves admits taxes will RISE as Tory fury mounts over 'choices'

"They had a choice and they have chosen to raise your taxes."

30/07 Rachel Reeves accused of ‘slapping elderly in the face’ with Winter Fuel axing

Chancellor blasted in fiery interview with LBC's Nick Ferrari as she faces fallout from hated Winter Fuel Allowance announcement.

29/07 Rachel Reeves scrapping infrastructure projects is 'extremely short-sighted'

EXCLUSIVE: The Government should seek other ways of financing large infrastructure projects which can boost Britain's economy instead of scrapping them, an expert says.

29/07 Fears Rachel Reeves is about to scrap new UK £1.7bn tunnel

Rachel Reeves is to scrap a tunnel near Stonehenge on the A303 congestion hotspot aimed at making journeys easier for millions of road users.

29/07 'You won't tax working people?' Labour minister quizzed over £20bn 'black hole'

Rachel Reeves is set to try and pin the blame on the Tories when she delivers her keynote speech about the economy today.

28/07 Rachel Reeves accused of misleading the public

The Chancellor will give an hour-long statement to the Commons setting out the results of a review into spending.

28/07 Tories blast Rachel Reeves for 'absolutely ridiculous' claims on the economy

The Chancellor is ducking tough decisions public spending, including Britain's ballooning welfare bill.

26/07 Labour 'con' will lead to tax bombshell, Tories warn

Chancellor Rachel Reeves is expected claim public finances are £20 billion worse than feared.

21/07 Moment Labour minister is called out in tense GB News row in two-word slap down

GB News' Camilla Tominey grilled the Labour minister after Chancellor Rachel Reeves complained about inheriting a fiscal "mess".

17/07 Rishi Sunak has MP in stitches as he delivers damning warning to Rachel Reeves

The Leader of the Opposition took to his new role with aplomb, with some decent gags and sparking Tory opposition to the new King's Speech.

17/07 Labour has inherited the fastest growing economy in the G7, says Laura Trott

Inflation and GDP figures in the last two weeks show an economy which is turning a corner.

08/07 Rachel Reeves triggers fresh alarm bells over £15bn Labour tax bombshell

Fresh alarm bells indicate that Labour is laying the groundwork for up to £15 billion of tax rises.

24/06 Labour's plans for punishing tax rises exposed by economists in election bombshe

Labour is drawing up plans to raise up to £10 billion in tax rises, it has been claimed

10/06 The government really started saving

After managing to exceed the budget deficit planned for the entire year by the end of April, some surplus was collected in May. Even so, the cumulative deficit still exceeds the annual plan - at least the original one, compared to which the government has already given itself HUF 1.5 billion more room for maneuver.

30/05 São Tomé and Príncipe without money for necessary goods and high debt

São Tomé and Príncipe has debt “at a very high level” and does not have financing to import necessary goods, a technical mission from the International Monetary Fund (IMF) warned today, after a meeting with the President of São Tomé and Príncipe.

23/05 The Ministry of Finance presented how it managed to bring together a 12-month deficit in 4 months

Even in April, the biggest problem was the lack of VAT revenue, not the interest expenses or the "reduction in overheads" that the government likes to point to.

29/03 Danger to state finances

The International Monetary Fund sees risks for government budgets and financial markets in a combination of rising national debt, higher interest rates and weak economic growth.

28/03 No jumping jacks! – the central bank warned the government not to think of throwing the money away

In addition to the brutal financing expenses of the public debt, the - raised - 4.5 percent deficit target can only be maintained with a very disciplined budget policy. It is feared that the VAT hole will be significant this year as well. Last year, the public debt index decreased somewhat only because of high inflation, this year the increase in foreign currency debt is a serious risk. The GDP ma

25/03 The Ministry of Finance presented how the budget collapsed in one month

On the expenditure side, the financing of the public debt, state company(ies) and pensions, and on the income side, the lack of VAT revenues crushed Hungary's central budget as early as the end of the second month of the year.

23/02 Germany ends the year in the red – economic output has shrunk

The German economy slipped into recession at the end of 2023 and is not getting going again. But state finances give reason for hope.

04/02 BMI consultant sees Angola's currency devaluing to 900 kwanzas per dollar this year

The consultancy BMI Research predicts that Angola's currency will maintain its current exchange rate of 830 kwanzas per dollar, but will depreciate to close to 900 kwanzas by the end of the year, worth, on an annual average, 853.

03/01 KSH has published how the budget collapsed

At the end of the third quarter, the deficit was already much higher than what the government planned for the whole year. Much more money went to pensions and to finance the national debt.

31/12 The government has admitted: the economy declined this year and the deficit has disappeared significantly

At the last moment, the Ministry of Finance published its medium-term forecast, which also shows: exactly how bad the Hungarian economy was this year. Very.

08/12 The government is reducing the deficit - with this title, the Ministry of Finance announced that the deficit increased by HUF 586 billion in one month

We have just managed to meet this year's deficit target, which was raised in October, while there is still one month left in the year.

05/12 Lisbon City Council threatens to make entry difficult for cruise passengers if they do not pay tourist tax

The Mayor of Lisbon today lamented the resistance of cruise operators in charging tourist tax to passengers disembarking in the city and announced that, if they don't do so, it will make entry more difficult.

01/12 Transnet's R47bn bailout needs 'shift in attitude' from management to be meaningful, say insiders | City Press

The Road Freight Association voices concerns, questioning whether Transnet's historical pattern of financial aid will lead to a substantial turnaround or mirror the repeated bailouts without desired results witnessed with South African Airways.

01/06 Electric car drivers should pay new 'road duty', think-tank claims

The Resolution Foundation has called for a new 'road duty' which would see electric-only vehicle drivers charged around 6p a mile.