Fiscal Policy
French doubt success of Lecornu's 2026 budget
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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
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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.
Italy Lowers Economic Growth Forecasts for 2025 and 2026
Italy's economy ministry has revised its growth projections downward, estimating a modest 0.5% expansion in 2025 and 0.7% in 2026 amid persistent challenges like high debt and sluggish productivity. The update, released on September 23, 2025, reflects a more cautious outlook influenced by global economic headwinds and domestic fiscal constraints. This adjustment could impact Italy's budget planning and its standing within the European Union.
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.
Tax reforms not impacting Colombia's government revenue
Despite multiple tax reforms, Colombia's government revenue remains between 14.4% and 16.6% of GDP through 2026, according to an analysis by the Universidad Javeriana's Fiscal Observatory. The study highlights a projection shortfall exceeding that of countries like Chile, with overestimation above 4% of GDP. A deficit of up to 8 trillion pesos is forecasted for 2025.