government spending

The Budget in Brief: Cuts, Reliefs, and Reforms

In a decisive move to spur economic growth, UK Chancellor Jeremy Hunt has presented a budget focused on long-term prosperity…

9 months ago

China’s Big Bet: $137 Billion Infrastructure Boost to Rev Up Economy!

China is making a bold move to bolster its economy by allocating an additional 1 trillion yuan ($137 billion) towards…

1 year ago

French government to earn over 10 million euros in tax windfall after the discovery of secret swimming pools

Thousands of French households are facing an unexpected tax bill after the use of an artificial intelligence tool found over…

2 years ago

US Congress passes $900 billion Covid-19 relief bill – so where’s all that cash going?

After months of intense negotiations, the American government looks finally set to inject billions of dollars into the US economy.…

4 years ago

Rishi to the rescue: UK chancellor announces the new job support scheme

The UK chancellor, Rishi Sunak, has just announced the government’s latest scheme to save people’s jobs from the ongoing Coronavirus…

4 years ago

US budget deficit hit a record high in June of $864 billion

Governments need to keep track of their spending just like we all do. If they spend more than they earn,…

4 years ago

£900,000 of taxpayer’s money to be spent on painting the PM’s plane

Government spending is a complicated business. In a mixed economy, the role of the government is undoubtedly vital in providing…

4 years ago

American airline employees are facing the tough decision of cutting their losses or gambling for hope of a brighter future

The aviation industry has been one of the hardest hit by Covid-19. With countries closing borders and people ordered to…

4 years ago

An economy down under: Australia facing the prospect of a deep recession

Josh Frydenberg, the Australian Treasurer, announced on Wednesday that the economy is likely to have shrunk by as much as…

4 years ago

French government to provide 8 billion euros to help revive their car industry

The president of France, Emmanuel Macron, announced this week a fiscal stimulus of €8 billion to help the French car…

4 years ago

Prime Minister Modi announces a $60 billion relief plan to help small businesses in India

India, the second largest country in the world with a population of 1.35 billion people, has now been in lockdown…

5 years ago

6.3 million people in the UK are being paid by the government – to stay at home!

In April, the UK government launched an unprecedented job retention scheme to combat the economic fallout of the coronavirus on employment. Under the…

5 years ago

UK government to borrow over £200 billion to fight Covid-19 – but who do they borrow from?

In the last three months, governments around the world have been spending huge sums of money on packages to reduce…

5 years ago

Singapore to inject another US$3.6 billion into the economy as coronavirus cases spike

The government of Singapore has announced an additional US$3.6 billion to support the economy as the city state sees coronavirus…

5 years ago

The cost of the coronavirus so far: $7 trillion and counting

Since the outbreak of Covid-19 in January this year, governments and central banks around the world have been spending trillions…

5 years ago

US senate announces a $2 trillion fiscal stimulus

In response to the economic fallout from the spread of Covid-19 in the US, the Senate has passed a bill…

5 years ago

Free public transport for everyone in Luxembourg!

As of March 1st, 2020, all public transport in Luxembourg is now free. Yes, you read it right. All free!…

5 years ago

Here is ten thousand HK dollars… Help kickstart our economy!

In an unprecedented move to help boost the ailing Hong Kong economy, the financial secretary Paul Chan has announced a…

5 years ago

At what cost should the UK balance its budget?

All eyes are on the UK’s new chancellor, Rishi Sunak, who will soon be announcing the government’s budget for the…

5 years ago

Global defence spending increasing in an uncertain world

Defence spending across the world increased significantly in 2019 according to a report by the Institute of Strategic Studies (ISS).…

5 years ago

US government to increase spending on Artificial Intelligence and Quantum Computing

Reports from inside the Whitehouse have suggested that the Trump administration is set to announce huge increases in spending on…

5 years ago

Economic growth slowing down in the Philippines

At a modest 5.9%, Economic growth in the Philippines for 2019 was the slowest recorded growth in 8 years. Whilst…

5 years ago