Tag: Fiscal Policy
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Muturi questions feasibility of Ruto’s Sh1.5trn infrastructure fund
Muturi challenges the feasibility of the Sh1.5 trillion infrastructure plan Former Attorney General and Democratic Party (DP) leader Justin Muturi has raised questions about President William Ruto’s proposed Sh1.5 trillion Infrastructure Fund, calling into question its practicality amid a tough economic climate for Kenyan citizens. In a Tuesday statement, Muturi acknowledged the importance of infrastructure…
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Muturi questions feasibility of Ruto’s Sh1.5trn Infrastructure Fund
Muturi voices concerns over Ruto’s Sh1.5 trillion infrastructure fund Former Kenyan Attorney General and Democratic Party (DP) leader Justin Muturi has publicly challenged the viability of President William Ruto’s proposed Sh1.5 trillion Infrastructure Fund. Speaking amid a climate of economic strain on Kenyan households, Muturi pressed for a focus on prudent financial management, accountability, and…
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Purbaya’s Strategy to Cut Indonesia’s Deficit as Debt Reaches Rp9,138 Trillion
Indonesia Sets a Strategy to Reduce the Deficit as Debt Climbs Indonesia’s national finance leadership, led by Finance Minister Purbaya Yudhi Sadewa, is outlining a strategy to tame a rising government debt burden. Data show the central government’s debt reaching Rp9,138.05 trillion by the end of the first semester in 2025, a level the ministry…
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Purbaya’s Plan to Reduce Deficit as Indonesia Debt Rises
Purbaya Sets a Deficit-Reduction Path Amid Rising Debt As Indonesia’s public debt nears a sizable threshold, Finance Minister Purbaya Yudhi Sadewa has outlined a strategy focused on targeted spending and revenue enhancement to reduce the budget deficit and stabilize the nation’s fiscal health. The debt figure, reported as Rp9,138.05 trillion by the end of the…
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Purbaya’s Strategy to Cut Deficit as Indonesia Debt Rises
Indonesia Targets a Leaner Path to Deficit Reduction As Indonesia’s government debt climbs to Rp9,138.05 trillion by the end of the first semester in 2025, Finance Minister Purbaya Yudhi Sadewa unveiled a multi-pronged strategy aimed at narrowing the budget deficit. The central idea is to empower faster economic growth and boost state revenues through targeted…
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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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Balisacan Pushes Stricter Tax Enforcement Over Holidays and VAT Cuts in Philippines Fiscal Strategy
Shoring up revenues over tax holidays In a recent public briefing, DEPDev Secretary Arsenio M. Balisacan signaled a clear preference for tightening enforcement of existing tax measures rather than granting new tax holidays or pursuing immediate VAT reductions. Speaking on the sidelines of the European-Philippine Business Dialogue, he argued that preserving and strengthening the revenue…
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Reeves: Those with Broadest Shoulders Must Pay Their Fair Share in UK Tax Plan
Britain’s Budget Cliffhanger: Reeves Signals Taxation Based on Capacity Chancellor Rachel Reeves has outlined a principle that could steer the UK’s upcoming budget: those with the broadest shoulders should pay their fair share of taxes. Speaking in Washington, DC, on the eve of the autumn budget, Reeves indicated the government will pursue a package of…
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Reeves Signals Higher Taxes on the Wealthy as Part of November Budget Plan
Overview: Reeves frames November budget as a growth-focused plan Chancellor Rachel Reeves has signaled that higher taxes on the UK’s wealthiest could feature in the upcoming November budget, framing the move as part of a broader strategy to repair public finances without returning to austerity. Speaking in Washington at the International Monetary Fund (IMF) meetings,…
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France Suspends Pension Reform to Avert Government Collapse as 2027 Election Looms
France Moves to Pause Pension Reform as Political Pressure Mounts In a decisive turn aimed at stabilizing a fragile minority government, French Prime Minister Sébastien Lecornu announced on Tuesday that Paris would suspend the controversial pension reform, which seeks to raise the retirement age from 62 to 64. The pause is designed to prevent a…