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#fiscalrules — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #fiscalrules, aggregated by home.social.

  1. Its all very well having 734 planned infrastructure projects in the pipeline with a total budget of over £700bn, but if they don't actually get under way then this is just more declaratory politics;

    You can declare you're going to invest in infrastructure, and then you can amend your fiscal rules to allow that sort if investment not to undermine the fiscal position.... but actually, the project *do* need to get under way!

    At the moment, way too few do!

    #infrastructure #FiscalRules
    h/t FT

  2. Its all very well having 734 planned infrastructure projects in the pipeline with a total budget of over £700bn, but if they don't actually get under way then this is just more declaratory politics;

    You can declare you're going to invest in infrastructure, and then you can amend your fiscal rules to allow that sort if investment not to undermine the fiscal position.... but actually, the project *do* need to get under way!

    At the moment, way too few do!

    #infrastructure #FiscalRules
    h/t FT

  3. Its all very well having 734 planned infrastructure projects in the pipeline with a total budget of over £700bn, but if they don't actually get under way then this is just more declaratory politics;

    You can declare you're going to invest in infrastructure, and then you can amend your fiscal rules to allow that sort if investment not to undermine the fiscal position.... but actually, the project *do* need to get under way!

    At the moment, way too few do!

    #infrastructure #FiscalRules
    h/t FT

  4. Its all very well having 734 planned infrastructure projects in the pipeline with a total budget of over £700bn, but if they don't actually get under way then this is just more declaratory politics;

    You can declare you're going to invest in infrastructure, and then you can amend your fiscal rules to allow that sort if investment not to undermine the fiscal position.... but actually, the project *do* need to get under way!

    At the moment, way too few do!

    #infrastructure #FiscalRules
    h/t FT

  5. Its all very well having 734 planned infrastructure projects in the pipeline with a total budget of over £700bn, but if they don't actually get under way then this is just more declaratory politics;

    You can declare you're going to invest in infrastructure, and then you can amend your fiscal rules to allow that sort if investment not to undermine the fiscal position.... but actually, the project *do* need to get under way!

    At the moment, way too few do!

    #infrastructure #FiscalRules
    h/t FT

  6. @sjwrenlewis long after QE, why is the BoE still paying so much interest on central bank reserves?
    ercouncil.org/2024/electionomi
    Rachel Reeves could actually take a lesson from Reform's proposals to cut these payments to banks. She could instead fund more investment, without more taxes. Apparently the ECB and BoJ do this, even Ted Cruz in the US now wants the Fed to do something similar.

    Also see:
    neweconomics.org/2023/11/gover

    #economics
    #fiscalrules #fiscalreform

  7. @sjwrenlewis long after QE, why is the BoE still paying so much interest on central bank reserves?
    ercouncil.org/2024/electionomi
    Rachel Reeves could actually take a lesson from Reform's proposals to cut these payments to banks. She could instead fund more investment, without more taxes. Apparently the ECB and BoJ do this, even Ted Cruz in the US now wants the Fed to do something similar.

    Also see:
    neweconomics.org/2023/11/gover

    #economics
    #fiscalrules #fiscalreform

  8. The South Korean government will issue an additional 19.8 trillion won in deficit bonds and cut FX stabilization bonds by 3 trillion won to fund a 30.5 trillion won supplementary budget, raising national debt and prompting a review of fiscal rules.
    #YonhapInfomax #DeficitBonds #SupplementaryBudget #NationalDebt #FiscalRules #MinistryOfEconomyAndFinance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
    en.infomaxai.com/news/articleV

  9. The South Korean government will issue an additional 19.8 trillion won in deficit bonds and cut FX stabilization bonds by 3 trillion won to fund a 30.5 trillion won supplementary budget, raising national debt and prompting a review of fiscal rules.
    #YonhapInfomax #DeficitBonds #SupplementaryBudget #NationalDebt #FiscalRules #MinistryOfEconomyAndFinance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
    en.infomaxai.com/news/articleV

  10. The South Korean government will issue an additional 19.8 trillion won in deficit bonds and cut FX stabilization bonds by 3 trillion won to fund a 30.5 trillion won supplementary budget, raising national debt and prompting a review of fiscal rules.
    #YonhapInfomax #DeficitBonds #SupplementaryBudget #NationalDebt #FiscalRules #MinistryOfEconomyAndFinance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
    en.infomaxai.com/news/articleV

  11. The South Korean government will issue an additional 19.8 trillion won in deficit bonds and cut FX stabilization bonds by 3 trillion won to fund a 30.5 trillion won supplementary budget, raising national debt and prompting a review of fiscal rules.
    #YonhapInfomax #DeficitBonds #SupplementaryBudget #NationalDebt #FiscalRules #MinistryOfEconomyAndFinance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
    en.infomaxai.com/news/articleV

  12. The South Korean government will issue an additional 19.8 trillion won in deficit bonds and cut FX stabilization bonds by 3 trillion won to fund a 30.5 trillion won supplementary budget, raising national debt and prompting a review of fiscal rules.
    #YonhapInfomax #DeficitBonds #SupplementaryBudget #NationalDebt #FiscalRules #MinistryOfEconomyAndFinance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
    en.infomaxai.com/news/articleV

  13. #Germany refuses to rule out violating EU budget limit: Whether #Germany will flout the EU's #fiscalrules to boost defence spending will "be clarified in the next few weeks," said new finance minister Lars Klingbeil. euractiv.com/section/economy-j

  14. #Germany refuses to rule out violating EU budget limit: Whether #Germany will flout the EU's #fiscalrules to boost defence spending will "be clarified in the next few weeks," said new finance minister Lars Klingbeil. euractiv.com/section/economy-j

  15. #Germany refuses to rule out violating EU budget limit: Whether #Germany will flout the EU's #fiscalrules to boost defence spending will "be clarified in the next few weeks," said new finance minister Lars Klingbeil. euractiv.com/section/economy-j

  16. #Germany refuses to rule out violating EU budget limit: Whether #Germany will flout the EU's #fiscalrules to boost defence spending will "be clarified in the next few weeks," said new finance minister Lars Klingbeil. euractiv.com/section/economy-j

  17. #Germany refuses to rule out violating EU budget limit: Whether #Germany will flout the EU's #fiscalrules to boost defence spending will "be clarified in the next few weeks," said new finance minister Lars Klingbeil. euractiv.com/section/economy-j

  18. #Germany refuses to rule out violating EU budget limit: Whether #Germany will flout the EU's #fiscalrules to boost defence spending will "be clarified in the next few weeks," said new finance minister Lars Klingbeil. euractiv.com/section/economy-j

  19. #Germany refuses to rule out violating EU budget limit: Whether #Germany will flout the EU's #fiscalrules to boost defence spending will "be clarified in the next few weeks," said new finance minister Lars Klingbeil. euractiv.com/section/economy-j

  20. #Germany refuses to rule out violating EU budget limit: Whether #Germany will flout the EU's #fiscalrules to boost defence spending will "be clarified in the next few weeks," said new finance minister Lars Klingbeil. euractiv.com/section/economy-j

  21. #Germany refuses to rule out violating EU budget limit: Whether #Germany will flout the EU's #fiscalrules to boost defence spending will "be clarified in the next few weeks," said new finance minister Lars Klingbeil. euractiv.com/section/economy-j

  22. This could get nasty for the Starmer/Reeves government. They can find money for the military but not for public sector workers. Fiscal rules for some, not for others. I begin to think Starmer is a mole sent to sink the Labour Party once and for all.

    Unions warn teachers, councils and NHS workers may go out on strike after government says it won't fund pay rises | Morning Star morningstaronline.co.uk/articl

    #warmongers #FiscalRules #UKPol

  23. This could get nasty for the Starmer/Reeves government. They can find money for the military but not for public sector workers. Fiscal rules for some, not for others. I begin to think Starmer is a mole sent to sink the Labour Party once and for all.

    Unions warn teachers, councils and NHS workers may go out on strike after government says it won't fund pay rises | Morning Star morningstaronline.co.uk/articl

  24. This could get nasty for the Starmer/Reeves government. They can find money for the military but not for public sector workers. Fiscal rules for some, not for others. I begin to think Starmer is a mole sent to sink the Labour Party once and for all.

    Unions warn teachers, councils and NHS workers may go out on strike after government says it won't fund pay rises | Morning Star morningstaronline.co.uk/articl

    #warmongers #FiscalRules #UKPol

  25. This could get nasty for the Starmer/Reeves government. They can find money for the military but not for public sector workers. Fiscal rules for some, not for others. I begin to think Starmer is a mole sent to sink the Labour Party once and for all.

    Unions warn teachers, councils and NHS workers may go out on strike after government says it won't fund pay rises | Morning Star morningstaronline.co.uk/articl

    #warmongers #FiscalRules #UKPol

  26. This could get nasty for the Starmer/Reeves government. They can find money for the military but not for public sector workers. Fiscal rules for some, not for others. I begin to think Starmer is a mole sent to sink the Labour Party once and for all.

    Unions warn teachers, councils and NHS workers may go out on strike after government says it won't fund pay rises | Morning Star morningstaronline.co.uk/articl

    #warmongers #FiscalRules #UKPol

  27. A bit old now but this chapter deals with the question of government and other debt, topical again given Reeves's self-imposed fiscal straightjacket.

    (PDF) Debt Dynamics in the UK and Beyond: How Propaganda Impedes Effective Political Action researchgate.net/publication/3
    #GovernmentDebt #FIscalRules #Labour #Austerity2

  28. A bit old now but this chapter deals with the question of government and other debt, topical again given Reeves's self-imposed fiscal straightjacket.

    (PDF) Debt Dynamics in the UK and Beyond: How Propaganda Impedes Effective Political Action researchgate.net/publication/3

  29. A bit old now but this chapter deals with the question of government and other debt, topical again given Reeves's self-imposed fiscal straightjacket.

    (PDF) Debt Dynamics in the UK and Beyond: How Propaganda Impedes Effective Political Action researchgate.net/publication/3
    #GovernmentDebt #FIscalRules #Labour #Austerity2

  30. A bit old now but this chapter deals with the question of government and other debt, topical again given Reeves's self-imposed fiscal straightjacket.

    (PDF) Debt Dynamics in the UK and Beyond: How Propaganda Impedes Effective Political Action researchgate.net/publication/3
    #GovernmentDebt #FIscalRules #Labour #Austerity2

  31. A bit old now but this chapter deals with the question of government and other debt, topical again given Reeves's self-imposed fiscal straightjacket.

    (PDF) Debt Dynamics in the UK and Beyond: How Propaganda Impedes Effective Political Action researchgate.net/publication/3
    #GovernmentDebt #FIscalRules #Labour #Austerity2

  32. If you're not sure about Rachel Reeves' shift i the fiscal rules governing what counts as public debt for the purposes of assessing the levels & sustainability of state borrowing, here's Chris Parry's account of the change(s) which should help a bit....

    #FiscalRules #PublicDebt

    theconversation.com/what-count

  33. If you're not sure about Rachel Reeves' shift i the fiscal rules governing what counts as public debt for the purposes of assessing the levels & sustainability of state borrowing, here's Chris Parry's account of the change(s) which should help a bit....

    #FiscalRules #PublicDebt

    theconversation.com/what-count

  34. If you're not sure about Rachel Reeves' shift i the fiscal rules governing what counts as public debt for the purposes of assessing the levels & sustainability of state borrowing, here's Chris Parry's account of the change(s) which should help a bit....

    #FiscalRules #PublicDebt

    theconversation.com/what-count

  35. If you're not sure about Rachel Reeves' shift i the fiscal rules governing what counts as public debt for the purposes of assessing the levels & sustainability of state borrowing, here's Chris Parry's account of the change(s) which should help a bit....

    #FiscalRules #PublicDebt

    theconversation.com/what-count

  36. If you're not sure about Rachel Reeves' shift i the fiscal rules governing what counts as public debt for the purposes of assessing the levels & sustainability of state borrowing, here's Chris Parry's account of the change(s) which should help a bit....

    #FiscalRules #PublicDebt

    theconversation.com/what-count

  37. Great letter from Professor John Muellbauer in the FT, on why Rachel Reeves recalibrated fiscal rules should include land values held by the state.... and how this could then be used too help fund Angela Rayner's plans for the expansion of social housing....

    #SocialHousing #AutumnBudget #FiscalRules

  38. Great letter from Professor John Muellbauer in the FT, on why Rachel Reeves recalibrated fiscal rules should include land values held by the state.... and how this could then be used too help fund Angela Rayner's plans for the expansion of social housing....

    #SocialHousing #AutumnBudget #FiscalRules

  39. Great letter from Professor John Muellbauer in the FT, on why Rachel Reeves recalibrated fiscal rules should include land values held by the state.... and how this could then be used too help fund Angela Rayner's plans for the expansion of social housing....

    #SocialHousing #AutumnBudget #FiscalRules

  40. Great letter from Professor John Muellbauer in the FT, on why Rachel Reeves recalibrated fiscal rules should include land values held by the state.... and how this could then be used too help fund Angela Rayner's plans for the expansion of social housing....

    #SocialHousing #AutumnBudget #FiscalRules

  41. Great letter from Professor John Muellbauer in the FT, on why Rachel Reeves recalibrated fiscal rules should include land values held by the state.... and how this could then be used too help fund Angela Rayner's plans for the expansion of social housing....

    #SocialHousing #AutumnBudget #FiscalRules

  42. So Rachel Reeves will tell the IMF today that the UK's fiscal rules are going to change (again) & while not specifying ahead of next week's budget exactly what the change will entail, it appears it will see public debt re-calculated using a public sector net financial liabilities (PSNFL) framework.

    By including both liabilities *and* assets, it produces a lower figure for public debt, thereby allowing more public sector borrowing for investment!

    #PublicDebt #FiscalRules
    theguardian.com/business/2024/