public finance

Italy, five others at risk of breaking EU budget rules with 2017 draft budgets – euronews – 16/11/2016

Italy and five other countries are at risk of breaking European Union budget discipline rules with their 2017 draft budgets, the European Commission said in a statement on Wednesday. The five other countries are Belgium, Cyprus, Lithuania, Slovenia and Finland.

Source:  euronews, 2016/11/16

By |November 24th, 2016|Categories: News|Tags: , , , , , , , , |

Mexico’s 2017 Fiscal Budget: Debt Woes Persist – Seeking Alpha – 11/11/2016

Summary - The adoption of a restrictive fiscal policy reduces the (already short) list of positive catalysts for GDP growth next year. - According to IMF data, Mexico's gross debt-to-GDP ratio deteriorated to 54% from 46% in just two years. - In general, the 2017 Fiscal Budget reflects the government's concern over one major topic: [...]

By |November 17th, 2016|Categories: News|Tags: , , , |

UK public debt won’t fall until end of decade after Brexit: IFS – Reuters – 07/11/2016

Britain will only start to lower public debt as a share of GDP at the end of the decade due to a Brexit-related hit to the economy, a think tank said, underscoring finance minister Philip Hammond's challenge as he prepares his first budget statement.

Source:  Reuters, 2016/11/07

By |November 9th, 2016|Categories: News|Tags: , , |

Italy PM Renzi says won’t change 2017 budget plan even if Brussels objects – Reuters – 21/10/2016

Italian Prime Minister Matteo Renzi said on Friday he would not change his 2017 budget plan even if the European Commission says it breaches EU rules on fiscal consolidation.


By |October 27th, 2016|Categories: News|Tags: , , |

GCC economies are responding well to the fiscal reforms: IIF – Gulf News – 20/10/2016

Ratio of Government spending to non-oil GDP to decline from 60 per cent in 2014 to 40 per cent by 2020.

Source:  Gulf News, 2016/10/20

By |October 27th, 2016|Categories: News|Tags: , , , , , , , , |

Sovereign Default and Economic Performance in Oil-Producing Economies – Federal Reserve Bank of St. Louis, Maria A. Arias and Paulina Restrepo-Echavarria – 30/09/2016

Because oil-producing countries do hold public debt and do default, we must understand how oil reserves and production affect risk and economic performance.

Source:  Federal Reserve Bank of St. Louis, Maria A. Arias and Paulina Restrepo-Echavarria, 2016/09/30

By |October 6th, 2016|Categories: News|Tags: , , , , , |

Italy cuts growth outlook, hikes deficit, reverses debt pledge – Reuters – 28/09/2016

taly on Tuesday cut its economic growth forecasts and sharply hiked its target for the 2017 budget deficit for the second time in five months, setting up a potential clash with Brussels. The forecasts will set the framework for the 2017 budget and Prime Minister Matteo Renzi is anxious to avoid unpopular belt tightening measures [...]

By |September 29th, 2016|Categories: News|Tags: , , , , |

Immense need for close monitoring’ of Dubai debt, warns analyst

With Dubai’s debt pile expected to amount to 129 percent of gross domestic product (GDP) this year, there is an “immense need for close monitoring” of debt management, according to a report from SICO Bahrain.

Source:  Arabian Business, 2016/09/15

By |September 23rd, 2016|Categories: News|Tags: , , |

Moody’s Hints India Sovereign Rating May Stay Put Even As Govt Pitches For Upgrade

Just one day before India's Finance Ministry was about to make a case for an ratings upgrade for India, international credit ratings agency Moody's Investors Service has indicated a review is likely not on the near-term horizon in part because of ongoing weakness in private sector investments. Moody's currently has a BAA3 sovereign rating for [...]

By |September 23rd, 2016|Categories: News|Tags: , , |

Moody’s Sees One-Third Probability of South Africa Downgrade

The probability that South Africa’s sovereign credit rating could be cut in November by Moody’s Investors Service is about a third, the company’s Vice President Zuzana Brixiova said. “We expect the probability of a downgrade at less than 50 percent, its closer to around one third,” Brixiova told reporters in Johannesburg on Tuesday. The country’s [...]

By |September 23rd, 2016|Categories: News|Tags: , , , |