austerity

The cost of running public offices under the national government rose by about Sh12 billion in the first quarter of the current financial year despite austerity measures announced following the collapse of a new, higher tax plan. Latest…

Finance Minister Bezalel Smotrich and Histadrut (General Confederation of Labor in Israel) head Arnon Bar-David met last week in an attempt to advance negotiations on austerity measures in 2025 that will affect workers.…

Rachel Reeves, the Chancellor of the Exchequer, is expected to introduce a £25bn tax rise in this month's budget to avoid plunging Britain back into austerity, according to the Institute for Fiscal Studies (IFS). The Financial…

Despite his earlier directive to the Treasury to cut Kenya’s total spending for the current financial year by Sh346 billion, President William Ruto on Sunday claimed that the country’s borrowing will increase by Sh1 trillion after the…

Breadcrumb Trail LinksPMN BusinessEcuador intends to cut spending by about 2% of gross domestic product as President Daniel Noboa grapples with fiscal, debt and security crises, according to his finance minister.Author of the…

Economy Treasury caps travel perks, air travel, lunch in new austerity Friday December 15 2023 National Treasury Principal Secretary Chris Kiptoo on March 6, 2023. PHOTO | LUCY WANJIRU | NMG The Treasury has splashed a new round…