Category: austerity
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Budgets chief: Politics overcame equality in austerity measures
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Yogev Grados, Head of the Budgets Department at the Ministry of Finance, commented at the Globes Investment Conference on the great challenges facing the Israeli economy due to the ongoing war. Speaking with Oren Dorey, Globes’ macroeconomics correspondent, Grados described how the fiscal deficit caused by ballooning defense spending was…
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Budgets chief: Politics overcame equality in austerity measures
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Yogev Grados, Head of the Budgets Department at the Ministry of Finance, commented at the Globes Investment Conference on the great challenges facing the Israeli economy due to the ongoing war. Speaking with Oren Dorey, Globes’ macroeconomics correspondent, Grados described how the fiscal deficit caused by ballooning defense spending was…
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Budgets chief: Politics overcame equality in austerity measures
•
Yogev Grados, Head of the Budgets Department at the Ministry of Finance, commented at the Globes Investment Conference on the great challenges facing the Israeli economy due to the ongoing war. Speaking with Oren Dorey, Globes’ macroeconomics correspondent, Grados described how the fiscal deficit caused by ballooning defense spending was…
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Budgets chief: Politics overcame equality in austerity measures
•
Yogev Grados, Head of the Budgets Department at the Ministry of Finance, commented at the Globes Investment Conference on the great challenges facing the Israeli economy due to the ongoing war. Speaking with Oren Dorey, Globes’ macroeconomics correspondent, Grados described how the fiscal deficit caused by ballooning defense spending was…
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Cost of running government rises by Sh12bn despite austerity pledge
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The cost of running public offices under the national government rose by about Sh12 billion in the first quarter of the current financial year despite austerity measures announced following the collapse of a new, higher tax plan. Latest data from the National Treasury showed that state ministries, departments and agencies…
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Histadrut signals flexibility on austerity measures
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Finance Minister Bezalel Smotrich and Histadrut (General Confederation of Labor in Israel) head Arnon Bar-David met last week in an attempt to advance negotiations on austerity measures in 2025 that will affect workers. During the meeting, Smotrich tried to convince Bar-David of the seriousness of his intention to commit to…
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Rachel Reeves faces £25bn tax hike to avoid austerity, says IFS
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Rachel Reeves, the Chancellor of the Exchequer, is expected to introduce a £25bn tax rise in this month’s budget to avoid plunging Britain back into austerity, according to the Institute for Fiscal Studies (IFS). The Financial Services Institute has warned that tax rises would need to be double those introduced…
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Rachel Reeves faces £25bn tax hike to avoid austerity, says IFS
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Rachel Reeves, the Chancellor of the Exchequer, is expected to introduce a £25bn tax rise in this month’s budget to avoid plunging Britain back into austerity, according to the Institute for Fiscal Studies (IFS). The Financial Services Institute has warned that tax rises would need to be double those introduced…
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Ruto’s austerity doublespeak: More debts or spending cuts?
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Despite his earlier directive to the Treasury to cut Kenya’s total spending for the current financial year by Sh346 billion, President William Ruto on Sunday claimed that the country’s borrowing will increase by Sh1 trillion after the withdrawal of the Finance Bill 2024. “We have dropped the Finance Bill. What…