House approves budget framework for Trump’s ‘big’ bill
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Republicans will need to come together on the meat of their package of tax cuts, energy policy, border security investments and new military spending.
From Politico
House Republicans abruptly postponed a vote late Wednesday on their budget framework, unable to convince conservative GOP holdouts who had raised grave misgivings over allowing trillions of dollars in...
From The Boston Globe
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The court papers were filed hours after the ANC announced that they were still in talks with their coalition partner the DA amid speculation over the future of the Government of National Unity (GNU).
In the meantime, both the DA and the EFF have challenged the passing of the fiscal framework, saying it is contrary to the rule of Parliament. The overall result of the Budget machinations is that SA has a Budget, but might not have a GNU. Or, it might ...
The Spanish economy has been performing strongly and growth is expected to remain significantly above the euro area average in the near term, before slowing gradually as its recent drivers normalize and demographic aging intensifies.
Party says there must be clear, measurable targets and an ongoing evaluation mechanism to monitor progress
The EFF believes the incumbent fiscal framework entrenches crises ranging from fiscal consolidation, rising debt-service costs, and the "regressive" value-added tax increase, among other things.
A debate on South Africa’s fiscal framework, which underpins the budget, proceeded in the National Assembly in Cape Town on Wednesday, despite objections from a number of lawmakers.
The DA’s opposition to the fiscal framework – and in effect the 2025 Budget – casts a shadow over its future involvement in the GNU, with Finance Minister Enoch Godongwana asserting during his speech on Wednesday that the party cannot vote against the fiscal framework and still be partly responsible for implementing it.
The DA and the EFF have written to National Assembly Speaker Thoko Didiza, flagging procedural irregularities in the adoption of the 2025 fiscal framework report.
South Africa’s public debt has tripled since the global financial crisis and is not expected to stabilize over the medium term under staff’s baseline. Cross-country evidence suggests that fiscal rules anchored in debt ceilings can be helpful in supporting fiscal adjustments aimed at reducing public debt and bolstering policy credibility.