Colombia may reduce fiscal deficit more slowly-incoming finance minister

BOGOTA, Aug 2 (Reuters) – Colombia will continue to reduce its fiscal deficit but may need another year to reach the target laid out for 2023 in order to finance social needs, incoming Finance Minister Jose Antonio Ocampo said on Tuesday. The raft of social programs promised by President-elect Gustavo Petro, who will take office … Read more

Zambia debt relief pledge clears way for $1.4 billion program, says IMF

JAKARTA/LONDON, July 30 (Reuters) – Zambia’s creditors pledged to negotiate a restructuring of the country’s debts on Saturday, a move IMF managing director Kristalina Georgieva welcomed as “clearing the way” for a $1.4 billion Fund program. The creditor committee, co-chaired by China and France, said in a statement released by G20 chair Indonesia that it … Read more

French audit body chief says government too optimistic on economic outlook

French First President of the Cour des Comptes Pierre Moscovici speaks during a news conference to present the annual financial report of the Court of Auditors (Cour des Comptes) in Paris, France, February 16, 2022. REUTERS/Benoit Tessier Register now for FREE unlimited access to Register PARIS, July 28 (Reuters) – French President Emmanuel Macron’s … Read more

Trailing in UK leadership race, Sunak pitches energy bill tax cuts

LONDON, July 27 (Reuters) – Rishi Sunak, trailing in the race to become Britain’s next prime minister, pledged on Wednesday to temporarily scrap taxes on energy bills paid by households as part of a “winter plan” to ease the cost-of- living crisis. The year-long hiatus on paying value-added tax (VAT) on energy bills would save … Read more

Soaring corporate tax an ‘incredible vulnerability’ for Irish economy – official

The national flag of the Republic of Ireland flies in the Bogside area of ​​Londonderry in Northern Ireland, September 25, 2015. REUTERS/Cathal McNaughton Register now for FREE unlimited access to Register DUBLIN, July 4 (Reuters) – Ireland’s reliance on just 10 multinational firms to pay over half of the country’s soaring corporate tax receipts … Read more