budget surplus

States’ Economic Preparedness Is Highest Since 2000, Pew Says

States’ Economic Preparedness Is Highest Since 2000, Pew Says

First, the good news: thanks to surging tax collections, U.S. states collectively have built up the largest fiscal cushion since 2000.
Morrison Reshuffles Cabinet After Resignations Within Coalition

Morrison Reshuffles Cabinet After Resignations Within Coalition

Australia’s Prime Minister Scott Morrison has shuffled key Cabinet portfolios, appointing new ministers to lead resources and agriculture after scandals and squabbles within his government’s junior
Fires, Scandal, Slowdown Pose Triple Threat to Australia PM

Fires, Scandal, Slowdown Pose Triple Threat to Australia PM

When Australia’s parliament wrapped up for the summer break in early December, Prime Minister Scott Morrison was brimming with optimism.
Austrian Government Pushes Back Corporate-Tax Cut to at Least 2023

Austrian Government Pushes Back Corporate-Tax Cut to at Least 2023

Austria’s new conservative-Green government pushed back a planned corporate-tax cut until at least 2023, focusing instead on helping low- and middle-income families and incentives for de-carbonizing
Portugal Looks to Cut ‘Golden Visa’ Incentives for Foreign Property Buyers

Portugal Looks to Cut ‘Golden Visa’ Incentives for Foreign Property Buyers

In 2012, Lisbon’s housing market was crumbling, with hundreds of decrepit buildings filling the city’s downtown area and investors fleeing after the country sought an international bailout.
Merkel’s Partner Wants to Forget Talk of Ditching Coalition

Merkel’s Partner Wants to Forget Talk of Ditching Coalition

Talk of bringing down Chancellor Angela Merkel’s government or demanding huge concessions has all but evaporated as Germany’s Social Democrats gathered for another round of coalition talks.
Mnuchin Touts Tax Cuts With Davos Finale Endorsing Fiscal Boost

Mnuchin Touts Tax Cuts With Davos Finale Endorsing Fiscal Boost

Top financial officials from the major global economies used the World Economic Forum in Davos to tout the benefits of government spending as a way to lift growth out of its funk and reduce reliance
If Merkel Wants to Fix Germany’s Economy, She Needs to Hurry

If Merkel Wants to Fix Germany’s Economy, She Needs to Hurry

Angela Merkel is running out of time to reset the German economy before her era as chancellor draws to a close.
Understanding Putin’s Moves to Keep His Hold on Power

Understanding Putin’s Moves to Keep His Hold on Power

President Vladimir Putin has proposed the most sweeping overhaul of Russia’s constitution since its adoption in 1993. Though the details are complicated, the upshot is simple: Putin, already in power
Costa’s Budget to Pass in Portugal With Left Bloc Abstaining

Costa’s Budget to Pass in Portugal With Left Bloc Abstaining

Portuguese Prime Minister Antonio Costa’s 2020 budget is set to pass in an initial vote in parliament on Friday after the Left Bloc joined other parties in announcing it will abstain.
Here’s How Germany Could Boost Its Economy, If It Wants to Act

Here’s How Germany Could Boost Its Economy, If It Wants to Act

Germany’s economy is in trouble and the government is dithering over whether to provide support in the form of fiscal stimulus.
Russia to Leapfrog Saudi in Wealth League as Oil Power Shifts

Russia to Leapfrog Saudi in Wealth League as Oil Power Shifts

The shifting balance of power in the oil world is showing up in a new indicator: central bank reserves.
Zimbabwe Leader Wants New Currency, IMF Loan in Revival Bid

Zimbabwe Leader Wants New Currency, IMF Loan in Revival Bid

Zimbabwean President Emmerson Mnangagwa and his finance chief want a new currency by March, would seek financing from the International Monetary Fund and may even consider a Eurobond offering as the
The Man Who Inherited Australia's Downturn Just Isn't That Fazed

The Man Who Inherited Australia's Downturn Just Isn't That Fazed

Josh Frydenberg mulled a tennis career before going on to study economics and law, earn degrees from Oxford and Harvard Universities, and vault up the ranks of the Liberal Party. His latest challenge:
Why Japan Is Risking a Tax Hike in a Slow Economy

Why Japan Is Risking a Tax Hike in a Slow Economy

While tax hikes are rarely popular anywhere, in Japan increases in the national sales tax proved especially toxic, squelching economic growth and damaging political careers. Yet Prime Minister Shinzo
‘I'm Not a Racist, But’: Sweden Faces Historic Upset in Election

‘I'm Not a Racist, But’: Sweden Faces Historic Upset in Election

Viking rock and whole pigs roasting on spits drew thousands of Swedes to a festival hosted by nationalists poised to deliver their country’s biggest political upheaval in a century.
Qatari Royal Urges Quicker Reforms as Doha Vies for Investors

Qatari Royal Urges Quicker Reforms as Doha Vies for Investors

Qatar shouldn’t be lulled by rising oil prices and the fading effect of a Saudi-led boycott if it wants to challenge rivals to become a regional trade hub, a leading businessman who once helped to
Veterans of Default Stay in Charge Under Putin

Veterans of Default Stay in Charge Under Putin

Russia’s economy has long moved past the government’s 1998 debt default, but President Vladimir Putin may never get over what a witness to the events calls the “terrible humiliation.”
Look at What's Going to Happen to Sweden's Fabled Welfare State

Look at What's Going to Happen to Sweden's Fabled Welfare State

Sweden’s got a major supply and demand problem.