Tag: Fiscal Policy
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Pakistan’s FBR Faces Rs274 Billion Shortfall in FY26: Tax Filings Hit a Record, Yet Revenue Gaps Persist
Overview: A Paradox of Record Filings and Growing Shortfalls The Federal Board of Revenue (FBR) in Pakistan has reported a widening revenue gap for the first four months of the fiscal year 2025-26, despite witnessing near-record or record levels of tax filings from individuals and businesses. The data points to a complex revenue picture: high…
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Treasury Defends Steady Shilling as Indicator of Economic Strength
Introduction: Treasury Stands Behind the Shilling The Kenyan National Treasury has publicly defended the local currency, insisting that the shilling remains steady and that recent volatility concerns do not reflect a weakening economy. In response to media reports about potential strains flagged by the International Monetary Fund (IMF), Treasury officials emphasized that the current exchange…
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Treasury Seeks to Reassure Public: Kenyan Shilling Stability Reflects Economic Strength
Kenya’s Shilling Maintains Ground Amid Global Voices The National Treasury has moved to calm nerves among Kenyan markets and the public by affirming that the shilling remains stable. In the wake of recent reports in some media outlets suggesting concern from international lenders such as the International Monetary Fund (IMF), the government insists that the…
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Reeves eyes income tax rise and prostate screening savings
Reeves weighs a 2p income tax rise in the Budget Chancellor-in-waiting Rachel Reeves is reportedly considering a modest 2p rise in income tax as part of the upcoming Budget. While early-stage plans are still under discussion in Westminster, the move would mark a notable shift in fiscal policy and could be aimed at shoring up…
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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…