Tag: Public Finance
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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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Budget Watchdogs Raise Alarm Over 2026 Budget, House Denies Pork Barrel Claims
Overview: Allegations of Pork Barrel Reach the 2026 National Budget A coalition of civil society organizations, led by the People’s Budget Coalition, has warned that the proposed 2026 national budget contains about P230 billion in pork barrel and patronage-based projects. The group argues that the House of Representatives’ Budget Amendments Review Subcommittee inserted billions into…
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Budget watchdog cites alleged pork in 2026 budget; House denies claim
Overview: Allegations of pork barrel in the 2026 budget A coalition of civil society organizations has accused the House of Representatives of embedding pork-barrel-like pork and patronage-based projects in the proposed 2026 national budget. The People’s Budget Coalition asserts that the House Budget Amendments Review Subcommittee inserted billions into programs they describe as politically driven,…
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Budget 2026: Fuel costs rise as VAT cuts reshape Ireland
Budget 2026 in effect: what changed and what it means for households As Budget 2026 measures snapped into effect at midnight, households, businesses, and students are left recalibrating to a new mix of reliefs and costs. The government announced a package of tax changes and targeted supports designed to protect jobs and stimulate sectors like…
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Jura Faces 16.2 Million CHF Deficit in 2026: Budget Outlook
Jura’s 2026 Budget Forecast: A 16.2 Million CHF Deficit The Jura canton administration has released its budget forecast for 2026, signaling a deficit of 16.2 million Swiss francs. The figure, while modest by international standards, represents a clear shift in the canton’s financial trajectory and underscores growing pressures on public finances across parts of Switzerland.…
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Jura Faces a 16.2 Million Deficit for 2026 Budget
Budget Forecast for Jura in 2026 The Jura canton in western Switzerland is forecasting a deficit of 16.2 million francs for the 2026 budget, officials announced as the canton’s financial planning cycle moves forward. The projection, which affects public services across the region, was released by the cantonal finance directorate and will undergo parliamentary scrutiny…
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Military compensation costs push government staffing bills higher
Overview: A Budget with a Sharp Rise in Military-Related Costs The final budget outcome for the 2024-25 financial year reveals a double-edged result: an improved overall deficit by comparison with earlier forecasts, but a notable surge in public sector expenses driven largely by military compensation costs. While Treasurer Jim Chalmers framed the outcome as a…
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Electric Vehicles Tax Plan Sparks Protests in Switzerland
Context: Forta funds under pressure The Forta fund, which finances Switzerland’s national roads and urban traffic, is funded by the gasoline tax. As electric vehicles become more common and fuel revenues shrink, Forta’s reserves have begun to tighten. Officials report that for the first time the reserves fell from CHF 3.83 billion in 2023 to…
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Traffic Blockade in Oslo Prompts Police Action as Oil Fund Reform Demands Grow
Overview of the Protest in Oslo At around noon on Saturday, about 20 demonstrators sat down in the busy intersection of Frederiks gate and Karl Johans gate in central Oslo. The crossroad sits near the Royal Palace and the National Theatre, making it one of the city’s most trafficked junctions. The action was staged by…
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Understanding the Sondervermögen Controversy: Insights from the Rechnungshof
The Sondervermögen Debate: What You Need to Know The recent announcement of a massive €100 billion Sondervermögen (special fund) aimed at boosting infrastructural investments across Germany has sparked significant debate. The Bundesrechnungshof, or Federal Audit Office, has raised alarms regarding the practical efficacy of this large-scale financial allocation. The scrutiny emphasizes concerns about whether the…