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New Zealand’s history of inflation, recessions and unemployment offer clues to what might happen next. Coupled with global events, the outlook is not promising.
Whose contribution is ‘worth’ more?
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In the UK, taxpayers see paying income tax as part of contributing as a citizen.
Crews clear lots of destroyed homes in Fort Myers Beach, Fla., in February 2022, four months after Hurricane Ian.
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A new study of Florida’s fiscal vulnerability to climate change finds that flooding directly threatens many local tax bases.
Past as prologue: October could bring yet another government shutdown.
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Shutting down the government won’t help reduce the deficit. Here’s what would.
Andrew Bailey, governor of the Bank of England.
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Tax cuts could help reduce inflation without destabilising the banking sector and piling the pressure on mortgage holders
Bolstering Brazil’s economy will be hard if there’s a global recession.
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He faces strong headwinds at home and abroad as his third term as president gets underway.
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It’s not just the numbers that have changed in Jim Chalmers’ first budget. There is an emphasis on climate change and wellbeing, too.
The UK government is becoming adept at U-turns.
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The UK government has not made things easy for businesses recently.
Will he stay or will go?
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The expected relationship between government and central bank policy has broken down in the UK.
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The best way to manage the economy is though an array of tools. Interest rates are just one.
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The 2022-23 budget is the result of a good plan, well executed. But whichever party next takes government must close the deficit gap – without resorting to austerity.
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This is a budget for the instant – unashamedly an election bribe, and unconcerned when that involves pursuing some poor policy.
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The budget forecasts and unemployment numbers show Josh Frydenberg’s COVID support spending has paid dividends.
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Weeks out from a possible election, the federal government has delivered a voter-friendly budget filled with giveaways
South Africa President Cyril Ramaphosa: His party’s 2022 elective conference and the country’s 2024 national elections will define political choices.
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National Treasury’s strategy to overcome South Africa’s chronic fiscal crisis rests on highly uncertain political and economic foundations.
U.S. Rep. Alexandria Ocasio-Cortez making a fashion statement.
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In 1950, the top 0.01% of earners paid almost 70% of their income in taxes. By 2018, the super-rich paid proportionately less than the average for all other Americans.
South African Reserve Bank Governor Lesetja Kganyago.
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Central banking was given to technocrats whose job is to make the difficult decisions. But there are parameters. And within these, central bankers must act independently, without fear or favour.
Megachurches can be megarich.
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Megachurches and the men who lead them can be superrich. So why don’t the IRS and local authorities see a cent in taxes? A scholar explains.
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Australia’s official unemployment rate falling to 5.5% is enough to make a treasurer dance. But we shouldn’t get too carried away.
This week South Africa’s finance minister Tito Mboweni will deliver the country’s medium term budget review.
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Medium-term expenditure frameworks can be useful only when they are based on comprehensive medium-term development plans.