China has ample fiscal space to bolster growth this year
BEIJING (Reuters) - China has ample fiscal policy space and tools to support economic growth this year and it will step up spending to spur investment, Vice Finance Minister Liao Min said…
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Fiscal
Microsoft expects to spend US$80 billion on AI this fiscal year
MICROSOFT president Brad Smith on Friday (Jan 3) said the company is on track to pump about US$80 billion into artificial intelligence (AI) this fiscal year. Smith contended AI is poised…
Brussels vets countries' compliance with EU fiscal rules
This week, the European Commission assessed the multiannual spending plans of the 21 member states who submitted them – giving passing grades to 20 and failing one. The passing countries:…
Mexico has room to boost tax revenues without fiscal overhaul, president says
MEXICO CITY (Reuters) - Mexico has room to boost tax revenues next year without turning to a deep fiscal reform, President Claudia Sheinbaum said on Friday, as her government is expected…
China Ready for $1.4 Trillion Fiscal Bazooka, Top Economist Says
(Bloomberg) -- A leading economist in China said the country has room to ramp up fiscal support for the economy by issuing as much as 10 trillion yuan ($1.4 trillion) in special debt,…
Japan’s New Premier Should Set Fresh Fiscal Target, Adviser Says
(Bloomberg) -- Japan’s new prime minister needs to set a fresh fiscal consolidation target once the nation balances its budget, according to government adviser Takero Doi. Most Read from…
Brazil's government to end 2024 within fiscal target tolerance band, finance minister says
BRASILIA (Reuters) - Brazil Finance Minister Fernando Haddad said on Friday that the government should close this year within the tolerance band of its fiscal target if Congress approves…