Fiscal Policy coverage.

OECD Cuts Colombia Growth Forecast and Urges Tougher Fiscal Fix

The OECD cut its Colombia growth forecast to 2.4% for 2026, warning of sticky inflation and urging a credible fiscal plan to lower debt costs.…

Interest on the national debt is eating a record 19% of federal revenue — and watchdog warns it will get worse

The 30-year Treasury yield just hit its highest point since before the Great Recession. A leading fiscal watchdog warns the timing could not be worse.…

Government to submit draft extra budget for fiscal 2026 on June 3

Totaling over ¥3 trillion, the draft extra budget is aimed at increasing reserve funds in light of Middle East tensions.…

CAG expresses concern over Assam's fiscal sustainability as debt rises, investment remains limited

CAG raises alarms over Assam's fiscal sustainability due to rising debt, limited investments, and high committed expenditures in 2024-25.…

David Gauke: Burnham cannot muddle through fiscal policy forever

At some point tough decisions on public spending are going to have to be made, and neither Burnham nor his party are reconciled to that. He can kick the issue of EU membership into…

Kerala’s new UDF government proposes measures to improve tax collection, planning and project implementation

Kerala's UDF government unveils Vision 2031 to enhance tax collection, project efficiency, and fiscal health through comprehensive reforms.…

The Big Bang Theory (of creating a fiscal revolution)

A sweeping reform effort that bundles together broad-ranging tax changes is the best chance to rejuvenate the Canadian economy…

U.S. debt is the ‘elephant in the room’ amid bond market rout as Fed-fueled interest costs could drive even larger deficits, analysts warn

"In our view, unsustainable fiscal dynamics are compounding with a reflation story, turning a short-term problem into a long-end selloff."…

Making Government Lean Again: The DOGE Effect

As of Jan. 1, 2026, the Department of Government Efficiency (DOGE) reports $215 billion in savings, or roughly $1,335 per taxpayer.…

We’re racing toward fiscal apocalypse. Here’s a path to escape the trap

The U.S. is on a trajectory to fiscal apocalypse in this century, but there is a clear path to escape the sovereign debt trap.…

Where have all the fiscal hawks gone? We need to find some – and quickly

Politics in the democratic world has moved decisively against fiscal responsibility. A reckoning looms for the global economy.…

US Government Finances Are Not Ready for a Recession

During US recessions, the budget deficit typically widens by around 4% of GDP as unemployment benefits surge and tax revenues collapse, see here. Subscribe for daily updates.…

Investor focus shifts to Fed, fiscal policy as war tensions recede

Hong Kong surplus hits HK$11 billion as finance chief ‘monitors’ Mideast war

Financial Secretary Paul Chan says surplus revised to HK$11 billion, HK$8.1 billion higher than the HK$2.9 billion originally forecast in budget.…

The takeaway from the spring fiscal update? Your answer will have to wait until the fall budget

Carney came into office reciting a mantra about Ottawa spending less to invest more, that’s not exactly what he’s been doing…

The $39 trillion national debt just got its own version of the viral Doomsday essay

Centrist political group No Labels is using science fiction to sound the alarm: "Neither party has any credibility on the debt or deficit right now."…

Ottawa announces $6-billion for skilled trades, projects smaller deficit in spring economic update

Package is aimed at ensuring Canada has the labour available to take on expected boost in construction jobs…

Carney promises ‘good news’ in spring economic update

Analysts expect federal government will post a lower deficit than projected in last year’s budget…

Rachel Reeves’s fiscal rules buffer should be ‘significantly larger’, say peers

Peers say chancellor and recent predecessors have allowed themselves too little room for manoeuvre…