Tag: Budget Deficit
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DEPDev Chief Balisacan Pushes Stricter Tax Enforcement Over VAT Cuts and Holiday Proposals
Policy stance: Prioritizing enforcement over tax holidays Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan underscored a clear preference for tightening the grip on existing tax measures rather than introducing new reliefs such as tax holidays or lowering the 12% value-added tax (VAT). Speaking at the European-Philippine Business Dialogue (EPDB) during the…
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Government shutdown reaches Day 9: live updates and the race to a deal
Day 9 of the government shutdown: where things stand The federal government is still partially closed as Day 9 of the shutdown unfolds, with no immediate path to reopening. President Donald Trump convened a Cabinet meeting to hear firsthand how the lapse is affecting Americans who rely on essential services, from air travel safety to…
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Government shutdown reaches Day 9: live updates and what’s at stake for Americans
Overview: a shutdown that won’t quit The federal government entered Day Nine of its shutdown with no clear path to end, as lawmakers struggled to agree on a funding package. President Donald Trump chaired a Cabinet meeting to highlight how the lapse in funding is affecting Americans who rely on government services while the Senate…
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Government shutdown reaches Day 9: live updates and implications
Day Nine of the Government Shutdown: What’s Happening The federal government remains shuttered as Day Nine unfolds, with no immediate path to reopening despite back-to-back votes in the Senate. The White House and lawmakers continue to trade proposals, while Cabinet members brief the public on how the lapse is affecting daily life for Americans who…
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Jura’s 2026 Budget: A Delicate Balancing Act
A balancing act for Jura’s 2026 budget Despite several rounds of savings and efficiency measures, the canton of Jura remains in a cautious balancing act as it drafts its 2026 budget. The plan, presented in Delémont on Thursday, shows a deficit of 16.2 million Swiss francs. Finance Minister Rosalie Beuret Siess (PS) described the budget…
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Israel Rate Decision: Bank of Israel Likely to Hold
Overview of the Israel Rate Decision As the Monetary Committee of the Bank of Israel reconvenes for a pivotal meeting, most analysts expect the central bank to hold the policy rate steady in the face of conflicting signals. The decision, due to be announced tomorrow, comes after the rate was cut in January 2024 and…
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Israel Central Bank Faces Decisive Policy Meeting: Rates Hold or Fall?
What’s at Stake as the Bank of Israel Convenes The Bank of Israel’s Monetary Policy Committee, chaired by Governor Amir Yaron, meets today in a highly watched session. With a decision due tomorrow afternoon, markets are parsing whether the policy rate will stay at 4.5% or be cut for the first time in 21 months—from…
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Political Crisis in France: Will It Lead to Collapse?
Introduction In light of recent protests, France appears to be edging closer to a political crisis that could reshape its governance. With hundreds of thousands of citizens taking to the streets against government austerity measures, newly appointed Prime Minister Sébastien Lecornu finds himself in a precarious position. The mounting pressure from trade unions and political…
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Frankrike i politisk kris: Regeringen under press
Introduction In recent weeks, France has witnessed a wave of protests, with hundreds of thousands of citizens taking to the streets against the government’s austerity measures. The newly appointed Prime Minister, Sébastien Lecornu, finds himself under immense pressure as mounting dissatisfaction from trade unions and political opposition looms over his government. The Political Landscape Following…