UK unveils tax-raising budget
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Sweden’s central government will need to increase its borrowing due to a growing budget deficit expected for both 2026 and 2027, mainly on the back of an expansionary fiscal policy, the National Debt Office said.
A left-leaning think tank has sounded the alarm on the the delay of the “repair job” for public finances after Rachel Reeves increased short-term borrowing levels to pay for higher welfare spending next year.
Japanese Prime Minister Sanae Takaichi's government on Friday finalised a $117 billion supplementary budget for this financial year to fund a massive stimulus package, most of which will be financed through new debt issuance.
There's growing concern that current tax and spending policies help pensioners, but are unfair on younger generations.
Unpaid tabs to the city now surpass $8 billion dating to the early 1990s, with Mayor Brandon Johnson's administration looking to expand collections heading into another tough budget year.
The build-up to Chancellor of the Exchequer Rachel Reeves’ budget next week has been dominated by speculation about how she will satisfy her main fiscal rule to have taxes cover day-to-day spending. But her pledge to get debt falling may prove trickier to meet.
Facing projections of slower growth, higher inflation, and rising unemployment, the UK Finance Minister Rachel Reeves has announced a £26 billion tax increase.
Honolulu’s rail tab is climbing again, and this time it is brushing up against the billion-dollar mark. The Honolulu Authority for Rapid Transportation is proposing a combined operating and capital budget of nearly $1.
4. Pay extra on the loan. If you get extra income through a second job, a bonus or tax returns, consider putting that toward repaying your loan. While it might be tempting to spend it on a dream vacation, consider how paying extra will help you in the long run. The same can be said for any other debt you may have.
In announcing the measures, Rachel Reeves, the top economic official in an increasingly unpopular government, cited the forecasts for slower growth and the need to hold down debt.