fiscal discipline
Coverage of fiscal discipline in the Nexus archive.
- ‘The demographic dividend of the last 40 years is ending’: J.P. Morgan says the world is running out of the two things that kept interest rates down
J.P. Morgan warns that global interest rates will rise due to declining fiscal discipline and aging populations. The IMF reported $251 trillion in global debt, with deficits and de-population among six factors reshaping the economy. Advanced economies face labor shortages and rising public spending demands from aging populations.
- 'We've got to be prepared to reprioritise': UK's PM holds first cabinet meeting
UK Prime Minister Andy Burnham held his first cabinet meeting, announcing a 'cost-of-living government' and an energy tax cut. He emphasized 'fiscal discipline' amid criticism over funding the VAT cut by scrapping former prime minister Keir Starmer's digital ID scheme.
- Barger Backs Fiscal Discipline, Urges ‘Even Hand’ on County Fees
Los Angeles County Supervisor Kathryn Barger supports fiscal discipline as urged by the county’s CEO but emphasizes the need for careful consideration of fee increases on small businesses, property owners, and families. The Fifth District, which includes Pasadena and Altadena, relies on county services for health, social, and public safety.
- Spending cuts to hit growth, warns Fitch
Fitch Ratings warns that aggressive spending cuts, particularly in capital expenditure, could harm Pakistan's medium-term growth under its 2026-27 budget. While praising fiscal discipline under the IMF program, Fitch highlights challenges in achieving tax revenue targets and risks from elevated interest costs.
- Senate returns Rs1.43bn to exchequer, beats austerity target by 500pc
The Senate returned Rs1.436 billion to Pakistan's exchequer, exceeding its austerity target by 500% through cost-cutting measures like suspending procurement projects, reducing non-essential spending, and digitizing operations. Senate Chairman Syed Yousaf Raza Gilani emphasized fiscal discipline, and the National Assembly Secretariat also saved Rs4.5 billion via austerity measures.
- Vermont’s return-to-office blunder is costing the state millions
Vermont's return-to-office policy under Gov. Phil Scott has led to financial losses and highlighted conflicts between political initiatives, labor laws, and fiscal management. The order, intended to boost collaboration, has become a case study in misaligned governance.