Fiscal Consolidation
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IMF Chief Christine Lagarde commended the Treasury for the austerity cuts so far saying "strong fiscal consolidation is under way" but suggested a number "tools" could be employed to boost growth. Suggestions include a temporary VAT cut or a ...
May 22, 2012 at 10:52 | Source: ITV
The new government needs to adopt fiscal consolidation measures as soon as possible, to pave the way for a revision of the loan program with the International Monetary Fund. The Washington-based lender froze the $1.3 billion precautionary loan ...
May 29, 2012 at 05:07 | Source: Bloomberg
Since fiscal consolidation measures reinforce the economic cycle, and thus exacerbate a growth slowdown, broadening the tax base is the best path for the government to take under the circumstances. Also, direct taxes are much more elastic than indirect taxes.
May 29, 2012 at 10:08 | Source: Livemint.com
Raises 2012 GDP growth f'cast to 4.5 pct from 4.1 pct * Urges to resist temptation to spend windfall revenue PARIS, May 21 (Reuters) - Russia needs to speed up its fiscal consolidation and consider monetary tightening while oil prices are high ...
May 22, 2012 at 07:53 | Source: Reuters UK
Under these circumstances, gains from delaying fiscal consolidation could be larger as multipliers are estimated to move inversely with growth and the effectiveness of monetary policy. To preserve credibility, reconsidering the path of ...
May 26, 2012 at 07:48 | Source: Financial Times
Fiscal consolidation at the state level also needs special attention with focus on expenditure restructuring, and there is greater need to improve the tax-GDP (gross domestic product) ratio, he added. "The market borrowings by state governments ...
May 29, 2012 at 15:23 | Source: Reuters India
PARIS — Russia needs to speed up its fiscal consolidation and consider monetary tightening while oil prices are high and inflation is benign, the Organization for Economic Cooperation and Development said Tuesday. The OECD raised its forecast for Russia ...
May 22, 2012 at 14:20 | Source: Moscow Times
Chancellor Angela Merkel is in a "high level of agreement" with French President Francois Hollande, British Prime Minister David Cameron and Italian Prime Minister Mario Monti that both fiscal consolidation and growth are needed, her spokesman said.
May 18, 2012 at 00:27 | Source: THISDAY Live
Due to un-precedented global financial crisis, the Government had to take fiscal expansionary measures to protect Indian economy from the adverse impact of global financial crisis. This resulted in increase in Fiscal Deficit from 4.6 per cent of GDP in BE ...
May 22, 2012 at 16:14 | Source: Press Trust
"We need both," he said in a speech in Berlin, though he stressed the need for fiscal consolidation and reforms. "The fiscal compact can be complemented by growth-enhancing measures. This makes sense as a supplement, but the fiscal compact cannot be ...
May 21, 2012 at 08:30 | Source: CNBC