public finance

European Commission seeks reviews of Ireland’s low rates of Vat – Irish Examiner – 23/02/2017

The European Commission has called on the Government to install “systematic” reviews of all its reduced rates for Vat, such as its low level of tax on hotels and restaurants, and has warned again on the State relying too much on corporate taxes.

Source:  Irish Examiner, 23/02/2017

By |February 23rd, 2017|Categories: News|Tags: , , , , |

European Commission seeks reviews of Ireland’s low rates of Vat – Irish Examiner – 23/02/2017

The European Commission has called on the Government to install “systematic” reviews of all its reduced rates for Vat, such as its low level of tax on hotels and restaurants, and has warned again on the State relying too much on corporate taxes.

Source:  Irish Examiner, 2017/02/23

By |February 23rd, 2017|Categories: News|Tags: , , , , |

South Africa is going to court to stop itself from going bankrupt – BusinessTech – 23/02/2017

South Africa’s controversial R1 trillion nuclear deal is currently being decided in South Africa’s High Court (22-24 February) in a case that analysts believe could decide the country’s financial future. According to the facts of the court case, the SA government wants to build several nuclear power plants in the country to provide 9,600MW of [...]

By |February 23rd, 2017|Categories: News|Tags: , , , , |

Watchdog urges creation of EU bad bank – EU Observer – 31/01/2017

The European Union should create a publicly-funded asset management company to sweep up the bad loans choking economic growth, the bloc's banking watchdog said on Monday (30 January). The European Banking Authority (EBA) said dealing with the non-performing loans was "urgent and actionable".

Source:  EU Observer, 2017/01/31

By |February 2nd, 2017|Categories: News|Tags: , , , |

Italy not worried about ECB ending asset-buying – Econ Minister – Reuters – 18/01/2017

Italy is not worried about the prospect of the European Central Bank ending its asset-buying program and thinks its banks could benefit from the move, Economy Minister Pier Carlo Padoan said on Wednesday. The ECB has decided to reduce the size of the program that has seen it buy some 1.5 trillion euros worth of [...]

By |January 20th, 2017|Categories: News|Tags: , , |

India must continue plans to reduce public debt, deficit: IMF – The Indian Express – 17/01/2017

IMF cut India's growth rate for the current fiscal year to 6.6 per cent from its previous estimate of 7.6 per cent due to the "temporary negative consumption shock" of demonetisation.

Source:  The Indian Express, 2017/01/17

By |January 20th, 2017|Categories: News|Tags: , , , |

Romania FinMin says to reassess public debt strategy – Nasdaq – 16/01/2017

Romania will need to reassess its public debt strategy to see whether potential U.S. policy changes will raise borrowing costs for dollar-denominated debt issues, in which case it could rely more on the domestic market, the finance minister said.

Source:  Nasdaq, 2017/01/16

By |January 20th, 2017|Categories: News|Tags: , , , |

Yields on Mozambique’s public debt rise to around 28% – Macauhub – 13/01/2017

The possibility of Mozambique defaulting on its installment of US$59.8 million has led to yields on state-backed debt taken on by public companies rising to around 28%, according to financial news agency Bloomberg. Investment bank JP Morgan said in a research note issued recently it was highly unlikely that Mozambique would be in a position [...]

By |January 20th, 2017|Categories: News|Tags: , , , |

EU asks Italy to cut its budget deficit – MarketWatch – 18/01/2017

The European Commission has asked Italy to reduce its 2017 budget deficit by about EUR3.4 billon ($3.64 billion), an Italian Treasury official said, to avoid an excessive-deficit procedure that could include fines. The request, included in a letter delivered Tuesday and published on the Italian Treasury's website, is being evaluated, a Treasury official said. "The [...]

By |January 20th, 2017|Categories: News|Tags: , , |

Canada could be heading towards decades of deficits, federal analysis warns – The Ottawa Citizen – 05/01/2017

Federal numbers released quietly by the Trudeau government late last month are painting a bleak picture of Canada's financial future — one filled with decades of deficits. The report, published on the Finance Department website two days before Christmas, predicts that, barring any policy changes, the federal government could be on track to run annual [...]

By |January 12th, 2017|Categories: News|Tags: , , , |