Fiscal Policy
French doubt success of Lecornu's 2026 budget
Jean Martin Larawang ginawa ng AI
A poll reveals that 52% of French people anticipate the failure of the 2026 finance bill and want a censure motion against the Lecornu government. The finance commission rejected the first part of the budget, and debates in the National Assembly begin this Friday without using article 49.3. Oppositions, like the RN and socialists, threaten to block the bill with their counter-proposals.
Sweden Announces Expansive Budget with Tax Cuts and Military Boost
Iniulat ng AI
In a bold move ahead of next year's elections, the Swedish government unveiled an 87 billion kronor ($8.5 billion) spending package aimed at stimulating economic growth through tax reductions, increased defense allocations, and support for households and businesses. The budget, presented by Finance Minister Elisabeth Svantesson, reflects a strategic pivot to address slowing growth and geopolitical tensions, drawing on fiscal surpluses to fund the initiatives without new borrowing. This election-year bonanza is expected to influence voter sentiment amid rising concerns over inflation and security.
The problem of chronic tax debtors in Brazil
Brazil grapples with inequalities worsened by chronic tax evaders who amass billions in fiscal debts without effective punishments. A Senate bill aims to define and restrict these debtors, barring them from benefits and public bids. The proposal underscores the need to treat fiscal crimes more rigorously than other property offenses.
Spain's public debt falls to 103.4% of GDP
Spain's public debt has dropped nearly two percentage points from last year, reaching 103.4% of GDP in August. This decline reflects progress in fiscal consolidation and the country's economic growth.
Socialists threaten to censure government over 2026 budget
On the eve of the budget debate in the National Assembly, the Socialist Party (PS) issued an ultimatum to the government: advances on fiscal justice by Monday, or face a motion of censure. Olivier Faure, the PS first secretary, criticized the lack of measures against the ultra-rich and Gafam. The government's fate now hinges on concessions from the majority.