Mail & Guardian
Mail & Guardian
fiscal deficitlatest news & developments
Increasing tax rates can result in growth being choked; the global experience is that spending cuts tend to be less growth-retarding than revenue increases.
CANADA

Smart thinking for fiscal balance

A mix of tax increases and expenditure cuts are essential for long-term growth

  • Sabelo Mtantato
5 min read
According to one poll, more than 70% of Americans disagree with how Republicans have handled the Senate dispute over the fiscal ceiling. (AFP)
BLOOMBERG AUTHOR

Time ticking for Senate deal on US debt limit

US senate leaders are racing against the clock to reach an agreement before the country’s borrowing authority runs out next week.

  • Staff Reporter
7 min read
BARACK OBAMA

Obama: US can’t afford more showdowns over debt, deficits

Fresh from the legislative fight to prevent a "fiscal cliff", President Barack Obama has warned that the US could not afford further budget showdowns.

  • Jeff Mason
2 min read
Complying with deadlines on tax and spending may result in the US economy contracting 4%
FISCAL CLIFF

Who’s afraid of the big bad cliff?

With the United States election now over, the world waits with bated breath to see how the country will address its looming "fiscal cliff".

  • Lynley Donnelly
7 min read
BUDGET SPEECH

Don’t smile, you’re being mugged

High taxes on investments has left taxpayers in a bad position.

  • Maya Fisher French
3 min read
FISCAL DEFICIT

Gordhan: Fiscal deficit will be ‘considerably’ higher

SA’s fiscal deficit will be considerably higher this financial year due to a widening tax shortfall, Finance Minister Pravin Gordhan said on Tuesday.

  • Staff Reporter
3 min read