JAPAN: New budget shows deficit spending will continue as pandemic recedes
The Suga cabinet approved its draft FY2021 budget on Monday, 21 December, which for the third-straight year topped JPY 100tn (USD 966.6bn), climbing to a record high of roughly JPY 106tn (USD 1.02tn). While the top priority is providing fiscal stimulus for Japan’s Covid-19-stri… Become a member to read the rest of this article […]
UK: The electoral politics behind the fiscal debate
Ahead of the chancellor’s 25 November spending review, the UK’s future fiscal and economic trajectory is again in the spotlight. The departure of Brexit mastermind Dominic Cummings from Downing Street has, in many quarters, fueled hopes for a quick return to the more benign … Become a member to read the rest of this […]
Macro Series – Comment – War footing? Not Really
The fight against COVID-19 may be likened to a war: but in fiscal terms it is smaller. The spread of the COVID-19 virus is now dominating lives to the extent that at least two national leaders, President Macron of France and Prime Minister Johnson of the UK, and latt… Become a member to read […]
INDIA: 2020-2021 budget brings no cheer
The budget speech made by the finance minister is one of the most eagerly anticipated events of the year because of the economic and political priorities it sets out. Possibly because of fewer electoral challenges coming up in 2020, the Narendra Modi-led National Democratic Allia… Become a member to read the rest of this […]