Deficit reduction in the United States

BNS: Real budget revision most likely in November, current one just window dressing

The real budget revision will be probably carried out in November, considering the evolution of certain spending categories, the National Trade Union Bloc (BNS) said in a statement; the union organization cautions that shifting the budgetary pressure to the last two months of the year means an unjustified postponement that is dangerous for budgetary stability.

Possible pressures on public debt: Part 2

The previous Note for Discussion demonstrated that there are fiscal operations that give rise to debt that are not included in the reported fiscal balance. This is a problem. It means that the reported fiscal balance is not always a good indicator of what happens to the debt. One should always check the variation in debt against the reported deficit and see if these two numbers are the same.

OECD calls for reforms to boost growth rate, make debt sustainable

Greece needs to further extend its real age of retirement and to abolish all kinds of tax exemptions, the Organization for Economic Cooperation and Development (OECD) has recommended in a report published on Monday, so that the growth rate accelerates, fiscal revenues expand and the national debt becomes sustainable.

OECD calls for an even tighter fiscal policy to bolster growth

Greece needs to further extend its real age of retirement and to abolish all kinds of tax exemptions, the Organization for Economic Cooperation and Development (OECD) has recommended in a report published on Monday, so that the growth rate accelerates, fiscal revenues expand and the national debt becomes sustainable.

Working together for a better future

Turkey is amazing in many aspects. One of the main reasons for this is the resilience of its people. No matter how bad things get, we somehow find a way to carry on with life.  I am certain that people living in Sweden or New Zealand would not be able to carry on living if they were exposed to just a few days of the events happening in Turkey. 

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