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RARE PHOTOS: 2 | Vintage Vibes

Senate Confirms Scott Bessent As Treasury Secretary In Bipartisan Vote

Scott Bessent confirmed as Treasury Secretary, to play key role in fiscal policy.

Top News

The Way Out of Our Inflation Mess

For all the excitement about the incoming administration and a return to the 2019 economy, market stability rests on the precarious assumption that the government will eventually put its fiscal house in order.

Reason

Vice President-Elect Vance Supports Clean Spending Bill With Debt Limit Increase

Vice President-elect Vance supports clean spending bill with debt limit increase, aligning with Trump's urgency on fiscal policy.

Top News

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Fiscal policy was a squabble too far for German coalition’s odd throuple

At times it felt like the three parties thought they were governing three completely different countries

The Guardian - UK

Tariffs, immigrants and fiscal policy: Trump’s second term as US president

Analysts expect Republican to act on threats of imposing tariffs and blocking immigrants soon in his second term.

Al Jazeera

China Should Use Fiscal Policy To Boost Growth: IMF

The Chinese government should use its tax-and-spend policies to help boost flagging economic growth, a senior IMF official told AFP ahead of key meetings this week in Washington.

International Business Times

Is gold safer than U.S. Treasury bonds as federal debt keeps soaring?

“Indeed, rising funding needs, debt servicing costs, and concerns over the sustainability of fiscal policy may well mean that gold prices could increase, if rates move up.”

Fortune

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Yellen Defends Biden's Decision To Maintain China Tariffs

Treasury Secretary Yellen explains Biden administration's stance on tariffs and fiscal policy, emphasizing fair trade practices and fiscal sustainability.

Top News

Erdogan Ensures Fiscal Policy Won't Fuel Inflation In Turkey

President Erdogan assures Turkey's fiscal policy won't worsen inflation, aiming to restore economic confidence amidst rising inflation concerns.

Top News

What’s the difference between fiscal and monetary policy?

This article is part two of The Conversation’s “Business Basics” series where we ask leading experts to discuss key concepts in business, economics and finance.

The Conversation

Say No to This: America's Fiscal Norms Are in Decline

Despite their informal nature, those norms have historically constrained U.S. fiscal policy. But they're eroding.

Reason

Kerala Budget 2024-25 | Medium-term fiscal policy projects sustained growth momentum in 2024-25

Thiruvananthapuram's growth expected to sustain with GSDP projected to grow at 11.68% and tax revenue at 10.18% in 2024-25.

The Hindu

Here's One Way To Move Toward Responsible Government and Sane Fiscal Policy

The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.

Reason

Britain needs economic and fiscal policy ‘reset’ to fight future crises – report

The Resolution Foundation is warning the UK is on course for debt to rise to around 140% of economic output over the next 50 years.

The Independent UK

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Reason

Inflation Won't Go Away Until Congress Gets the Deficit Under Control

The Federal Reserve's higher interest rates were supposed to trigger changes to fiscal policy. So far, that hasn't happened.

Fortune

Janet Yellen and the man who invented the term ‘bond vigilantes’ disagree about what’s happening in the Treasury market right now

Ed Yardeni believes bond vigilantes are attempting to spike Treasury yields in protest against unsustainable fiscal policy—but the Treasury Secretary isn’t so sure.

The Hindu

New book on Kerala’s economic development advises radical changes for regaining fiscal stability

Kerala needs radical fiscal policy changes to resolve acute fiscal crisis, restore stability. Book on state's economic development in pandemic to be released. Focus on revenue, non-priority spending, borrowing, fiscal targets. Strengthening healthcare, agri-entrepreneurship, homestead farming key to recovery.

The Conversation

Interest rate hikes are not the only tool to fight UK inflation – here's what the government should do

Over the past year, interest rates have been rising rapidly around the world. The post-COVID economic recovery and Russia’s invasion of Ukraine caused inflation to reach 10% or more in many countries. Central banks in the US, UK and Europe have fought back by raising interest rates in an attempt…

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Bangkok Post

FPO requests debt restructuring

The Fiscal Policy Office (FPO) is calling on state financial institutions and commercial banks to implement debt restructuring measures to reduce the debt repayment burden rather than extending the repayment period, says director-general Pornchai Thiraveja.

Bangkok Post

Government outperforms revenue goals

Government revenue for the first eight months of fiscal 2023 exceeded its target by 122 billion baht as a result of economic recovery and active imports, says Fiscal Policy Office director-general Pornchai Thiraveja.

Evening Standard

Kapow! It’s back to the 1980s as the bond vigilantes get busy

City voices: The Government mustn’t let the debt investor tail to wag the fiscal policy dog, Tim Focas writes

Bangkok Post

Government revenue beats target amid growth

The Finance Ministry reported government revenue collection for the first seven months of fiscal 2023 (October to April) exceeded the target by 112 billion baht, mainly contributed by agencies other than the Revenue Department, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.

Bangkok Post

Ministry sets targets for tax reform

The Finance Ministry has set four targets for tax reform, aiming to boost revenue to cover expenses and deal with future economic uncertainties, says Fiscal Policy Office director-general Pornchai Thiraveja.

Bangkok Post

Targeted approach utilised for aid

The Finance Ministry has continued to maintain its targeted fiscal policy, including the provision of financial aid directly to specific groups, helping the country save on budget spending, says Fiscal Policy Office (FPO) director-general Pornchai Thiraveja.

Bangkok Post

Thai growth slashed based on weak exports

The Fiscal Policy Office (FPO) has downgraded its forecast for Thai economic growth this year to 3.6% from 3.8%, mostly based on expectations of an export contraction.

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