The report counts on a lot of factors turning out for the best: AI boosting economic growth and global warming meeting the Paris goals for a start.
Articles on Budget deficit
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If growth is the metric that counts, this is not yet the turning point that will deliver rising living standards and jobs for all.
Credit rating agencies are now responding to governance failures, not just macroeconomic trends.
The founder of Americans for Tax Reform emerged in the 1980s as the fiscal conscience of American conservatism and continues to wield influence.
Steps taken to reform Social Security during the Biden and Trump administrations have only made the prospects for a funding crisis more serious.
A perfect storm of rising costs and declining revenues is stressing many US city budgets – and the Trump administration isn’t likely to send much help.
Victoria is in huge debt but the government is keen to keep spending to stave off worsening unemployment.
Congress is again on the brink of a government shutdown less than four months after the last close call.
The economy is expected to grow and there are other positive signs ahead but the mid-year economic update has revealed the government will need to keep inflation in check.
Ruto’s administration continues to borrow, just like the previous regime.
The deal would raise the ceiling for two years, cap some federal spending and impose new work requirements on certain federal benefits. It still needs the blessing of Congress.
House Speaker McCarthy wants to put the US on a path to a balanced budget as debt ceiling negotiations begin with President Biden. Here’s why it won’t be easy to repeat what Bill Clinton accomplished.
Over the forward estimates, the budget bottom line is estimated to be $42 billion better than what was expected in March.
Nigeria’s 2023 budget could worsen the country’s cycle of deficits and debts.
Bola Tinubu will be saddled with a near comatose economy. Here are four priorities that would make the difference.
Whether a budget should be in surplus or deficit depends on the circumstances of the time. Gillard didn’t recognise it, Abbott didn’t recognise it. At last the message is getting through.
Republicans and a few Democrats say the Build Back Better plan would increase the already fast pace of inflation.
Removal of the fuel subsidy in Nigeria is long overdue, but replacing it with a transport grant is not the best approach.
Germany was steady under its longstanding chancellor, but also stagnant.
Now that we are recovering from recession, there’s no telling how low we could push the unemployment rate. One estimate is 3.5%.
Top contributors
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Professorial Fellow, University of Canberra
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Professor of Economics & Business, Allegheny College
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Professor of Economics, University of Canberra
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Daniel Patrick Moynihan Senior Lecturer in Public Policy and Public Finance, Harvard Kennedy School
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Professor of Public Policy (retired), University of Virginia
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Associate Professor, Torrens University Australia
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Professiorial Fellow, The University of Melbourne
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Associate Professor of Political Science, Northwestern University
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Professor of Economics, Monash University
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Professor of Economics, University of the Witwatersrand
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Chief executive officer, Grattan Institute
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Deputy Vice-Chancellor, Research, University of Canberra
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Director, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
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Senior Lecturer, MIT Sloan School of Management