Browsing: fiscal policy

WASHINGTON: The U.S. national debt is projected to climb to about $64 trillion within the next decade as federal deficits remain elevated, according…

MENA Newswire, NEW YORK, December 30, 2025: Former U.S. Treasury official Geng Ngarmboonanant has cautioned that Americans should be increasingly concerned not…

France revises its 2026 public deficit estimate, exceeding earlier forecasts but staying under 5%. The adjustment comes amid efforts to stabilize finances and meet EU fiscal targets.

The Bank of England cut interest rates to 4.5% amid weak UK growth, signaling further reductions ahead as inflation slows and economic uncertainty persists.

French business confidence has dropped for the third straight month, hitting its lowest level since July as fiscal uncertainty and political instability impact hiring and investment.

The UK economy contracted by 0.1% in October, marking the second consecutive monthly decline. Businesses express concern over tax hikes, raising fears of job cuts and reduced investment.

Belgium’s rising public spending and debt-to-GDP ratio, forecast to surpass 105% in 2025, have drawn a stern warning from the European Commission, highlighting risks to its fiscal sustainability.

European Central Bank lowers key rate to 3.5% as it aims to counter slowing economic momentum and maintain inflation near the target level in challenging times.

OBR projects UK public debt could rise to 274% of GDP by 2074 due to ageing population, rising healthcare costs, and climate change impacts, requiring immediate fiscal reforms.

Belgium has delayed submitting its budget plans to the EU, citing the need for more time due to ongoing government formation talks.