#publicspending — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #publicspending, aggregated by home.social.
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https://www.europesays.com/uk/932405/ Capital Expenditure: ‘Government to sustain capex despite West Asia crisis’ #Business #CapitalExpenditure #Economy #FiscalStress #InfrastructureInvestment #PublicSpending #UK #UnitedKingdom #WestAsiaConflict
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Prometeia: why Spain is outpacing Italy since the pandemic
Italy and Spain are two of the biggest beneficiaries of Next Generation EU, with approximately €194bn allocated to…
#Italy #Europe #Europa #EU #digitalisation #EconomicRecovery #Energyprices #EuroArea #EuropeanCommission #fiscalpolicy #GDPgrowth #investment #NextGenerationEU #NRRP #Prometeia #publicspending #SMEs #Spain
https://www.europesays.com/italy/8642/ -
IMF Sees Modest Recovery in Mexico Growth Outlook for 2026, 2027
#Economy #banxico #cetes #DonaldTrump #ExchangeRate #Finance&Fintech #fiscalconsolidation #GDPgrowth #GeopoliticalRisk #IMF #Inflation #InternationalMonetaryFund #Iran #Israel #Lebanon #México #middleeast #MinistryofFinanceandPublicCredit #MonetaryPolicy #OilRevenue #Policy&Economy #primarysurplus #PSBR #publicspending #SHCP #Shipping #StraitofHormuz #taxcollection #tradebarriers #UnitedStates
https://www.europesays.com/2919994/ -
https://www.europesays.com/africa/182775/ Libya signs 1st unified state budget in 13 years #Libya #LibyaCivilWar #LibyaCrisis #LibyanEconomy #PublicSpending #StateBudget
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https://www.europesays.com/africa/173867/ Kenya’s counties get budgets to undo inequality – How it has helped households #CountyGovernments #EqualisationFund #FinAccessSurvey #Headlines #HouseholdWelfare #Kenya #KenyaDevolution #Kenya’sCountiesGetBudgetsToUndoInequality–HowItHasHelpedHouseholds #National #PublicSpending #RegionalInequality
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RE: https://troet.cafe/@dkphannover/116223846589559631
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Spot on.
FYI:
"Each THAAD missile costs more than $12.8 million"
"Each [Patriot] missile costs approximately $5 million"
"America’s traditional long-range, precision-guided munitions, including the Tomahawk [..] cost about $2.2 million apiece"While "each Iranian ballistic missile costs about $1 million to $2 million to produce", "2 or 3 Patriots are needed to down a single one"
Shahed-136 drones: "$50,000".
https://www.theatlantic.com/ideas/2026/03/us-iran-war-air-strikes/686228/ -
CAG report says Haryana spent ₹1.22 crore on water purifiers for Anganwadi play schools without water tanks or electricity, leaving 2,511 units non-functional and potable water goal unmet. https://english.mathrubhumi.com/news/india/cag-haryana-water-purifiers-unfruitful-expenditure-anganwadi-play-schools-tmzl3n1r?utm_source=dlvr.it&utm_medium=mastodon #CAGReport #Haryana #Anganwadi #PublicSpending #AuditFindings
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CAG report says Haryana spent ₹1.22 crore on water purifiers for Anganwadi play schools without water tanks or electricity, leaving 2,511 units non-functional and potable water goal unmet. https://english.mathrubhumi.com/news/india/cag-haryana-water-purifiers-unfruitful-expenditure-anganwadi-play-schools-tmzl3n1r?utm_source=dlvr.it&utm_medium=mastodon #CAGReport #Haryana #Anganwadi #PublicSpending #AuditFindings
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CAG report says Haryana spent ₹1.22 crore on water purifiers for Anganwadi play schools without water tanks or electricity, leaving 2,511 units non-functional and potable water goal unmet. https://english.mathrubhumi.com/news/india/cag-haryana-water-purifiers-unfruitful-expenditure-anganwadi-play-schools-tmzl3n1r?utm_source=dlvr.it&utm_medium=mastodon #CAGReport #Haryana #Anganwadi #PublicSpending #AuditFindings
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CAG report says Haryana spent ₹1.22 crore on water purifiers for Anganwadi play schools without water tanks or electricity, leaving 2,511 units non-functional and potable water goal unmet. https://english.mathrubhumi.com/news/india/cag-haryana-water-purifiers-unfruitful-expenditure-anganwadi-play-schools-tmzl3n1r?utm_source=dlvr.it&utm_medium=mastodon #CAGReport #Haryana #Anganwadi #PublicSpending #AuditFindings
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Mexico Scales as a Tech Hub While Policy Tightens
This week, reports show that digital payments now dominate consumer spending and infrastru…
#Conflict #Conflicts #War #AI #Audiovisual #DigitalPayments #digitaltransformation #Finance #Fraudprevention #GlobalInvestment #ict #identityverification #Industry4.0 #infrastructure #instantpayments #Latinamerica #media #México #MexicoCity #Netflix #policy #publicspending #StateofMexico #Streaming #tech #techregulation
https://www.europesays.com/2791604/ -
UK Chancellor Faces Scrutiny Over Public Finances and Rising SEND Costs
https://newsletter.tf/uk-money-special-needs-costs-reaves/
UK Finance Minister Rachel Reeves is facing questions about the country's money and rising costs for special needs services.
#UKFinance, #SpecialNeeds, #RachelReeves, #PublicSpending, #Economy
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UK Chancellor Faces Questions on Money and Help for Kids with Special Needs
The UK's finance minister, Rachel Reeves, is talking about the country's money. There are worries about how much is spent on helping children with special needs. She will share her plans soon.
https://newsletter.tf/uk-money-special-needs-costs-reaves/
#UKFinance, #SpecialNeeds, #RachelReeves, #PublicSpending, #Economy
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🚁💸 Behold, the LAPD Helicopter Tracker, where citizens can watch tax dollars take flight in real-time! Now you can see how much cash is literally burning in the sky while you wait for that pothole to get fixed. 🙃✨
https://lapdhelicoptertracker.com/ #LAPDHelicopterTracker #TaxDollars #InRealTime #GovernmentTransparency #PublicSpending #CitizenEngagement #HackerNews #ngated -
https://www.europesays.com/uk/407540/ France on a Hot Plate.. The Confidence Vote for the Government Reflects a Crushing Political and Economic Crisis #AusterityPlan #ChristineLagarde #ConfidenceVote #EconomicCrisis #EU #Europe #EuropeanCentralBank #Eurozone #FinancialDeficit #FiscalDiscipline #ForeignInvestors #France #FrançoisBayrou #GovernmentCollapse #MiddleClass #PublicDebt #PublicSpending
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Alberta government PR branch moved under premier’s office
#Alberta #Canada #UCP #DanielleSmith #Bill54 #GovernmentPR #PublicSpending #Partisanship #ExecutiveCouncil #CPE #MediaControl #Politics #Propaganda #PublicFunds #Transparency #Democracy
https://the-14.com/alberta-government-pr-branch-moved-under-premiers-office/ -
What is modern monetary theory? An economist explains how it could help Canada
#Canada #ModernMonetaryTheory #CanadaEconomy #PublicSpending #FiscalPolicy #EconomicJustice #Explainer #NationalDebt #Inflation #SocialJustice #MMTCanada #CurrencySovereignty
https://the-14.com/what-is-modern-monetary-theory-an-economist-explains-how-it-could-help-canada/ -
Maybe Aotearoa needs a nonpartisan citizen's organisation that does what what the Taxpayer's Onion purports to do; evaluate spending by publicly-funded organisations against the public benefits it realistically creates. While also pointing out corporate welfare in its various forms, eg public entities paying rent to property "investors" instead of putting that money into publicly-owned buildings;
(1/?)
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South Korea's Q1 fiscal execution reaches 232.6 trillion won, up 4.2 trillion won year-on-year, achieving 60% of H1 target amid efforts to stimulate economic recovery
#YonhapInfomax #FiscalExecution #EconomicStimulus #PublicSpending #GovernmentBudget #EconomicRecovery #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=58189 -
A lot to learn from this. Italian #publicSpending has been wasteful and inefficient for years, and for whatever reasons this has not changed. #AI will not revolutionize this phenomenon if underlying practices remain the same.
https://www.adalovelaceinstitute.org/blog/ai-public-sector-white-heat-hot-air/
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The #EuroZone inflation target of 2% is projected to be sustainably met by #ECB in 2025, per Christine Lagarde. Meanwhile, UK markets responded calmly to the new #Labour budget, with sterling rising and FTSE mid-250 gaining. Euro families continue to prioritize savings, a trend that may hinder growth, while Germany’s retail sales for Sep saw a +1.2% rise. Private consumption shows some resilience, but a full recovery may still be a 2025 story.
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#IMF warns #Global #PublicDebt to pass $100 Trillion by end of this year. #FiscalMonitor #Report urges govts to put through #TaxHikes and make drastic cuts to #PublicSpending and #BudgetCuts despite well publicized plans to do just the opposite.
Both #USElection #PresidentialCandidates are committed to policies that will add trillions in #debt to a fragile US #economy while in #EU govt #bonds have experienced sell offs, and #UK seeks to "tweak the definition of public debt used for the UK’s #fiscal
rules to allow for more #borrowing."Global debt will be almost 20% points of GDP higher next 3 years than previously projected: "Much more substantial fiscal adjustments are needed".
https://on.ft.com/3YnU6NB via @ftworldnews #GiftLink #FinancialTimes
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When news media are reporting budget figures for public infrastructure projects, they tend to just quote them verbatim. But it might lead to a more informed public debate on infrastructure, if they reported the costs as per-year estimates. In other words, take the budgeted cost of building or buying something, divide by the number of years it's projected to last, and report it as '$N per year, over P years'.
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Maybe we need a long term decision-making process for #infrastructure spending that isn't hostage to the shifting political winds?
What if any capital spending projected to span multiple governments needed a supermajority in Parliament? Or to pass a referendum at an election? Either way, politicians would be forced to take a nonpartisan, long term approach to planning, building and maintaining infrastructure.
https://www.rnz.co.nz/podcast/focusonpolitics?share=84797662-137a-49de-a8c6-42e15eb957b6
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#Neoliberalism #Capitalism #PublicSpending #Austerity: "There are probably more left-wing anglophone academics who have written about neoliberalism than those who have not. A critique compressed into a word, the term’s explanatory power had collapsed under the weight of too many monographs well before Australian sociologist Melinda Cooper’s 2017 book Family Values: Between Neoliberalism and the New Social Conservatism. But Cooper’s substantial volume revealed a subterranean story: credited with the destruction of the American family, the economic and political changes that characterized the fourth quarter of the 20th century instead reinvigorated the family form, restoring patriarchal authority and patrimonial business practices. Family Values has become a cult hit, a potent intellectual weapon against the sly, reactionary anti-market rhetoric peddled of late by the likes of J.D. Vance.
In her new book, Counterrevolution: Extravagance and Austerity in Public Finance, Cooper offers another fruitful reframing of the same era. Rather than understanding right-wing attacks on the government’s ability to tax and spend as univocally austere, Cooper shows how an unlikely alliance of financiers and anti-debt moralists came to synthesize a new approach, one that could countenance extraordinary public spending as long as it came in the form of subsidies for asset holders or missiles. Alongside Family Values, Counterrevolution provides a fresh account of neoliberalism, one that’s both unexpected and necessary. —Malcolm Harris"
https://www.nplusonemag.com/online-only/online-only/against-the-people/
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A cut in Winter Fuel Payment is a cut in the basic pension.
Why should richer pensioners still get WFP? Because making distinctions is difficult, means tests don't work, and a generic payment is fairest. Pensions aren't income-related. All pensions go to richer pensioners as well as poorer ones. The cut in WFP is nothing more, and nothing less, than a cut in pensions.
https://observant-paulspicker.wordpress.com/blog/a-cut-in-winter-fuel-payment-is-a-cut-in-the-basic-pension/
#SocialSecurity #pensions #PublicSpending -
"…the #dogmas of Panglossian neoliberalism…ignore the significant Cold War–era #publicspending, much of it military, that created #SiliconValley. ARPANET, GPS, the integrated circuit, and the computer mouse all stem from government funding, not free markets. But the damage doesn’t stop with bad history. Politically, this ideology often results in paralysis, hindering the search for local, experimental, and democratic alternatives to the marketdriven paradigm that dominates our technology stack."
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As Andy Haldane points out (in the FT) the UK's fiscal rules are not set in stone; they have been amended seven times since 2010 - so once the election is over, Rachel Reeves may well look at the books & decide that once again they need to be 'tweaked'.
On one level, this looks like good news (in that there is a clear precedence for shifting what 'fiscal probity' might mean), but the less good news is that Rachel Reeves' background suggests she might not take that opportunity?
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#UK #HeatPump rollout criticised as too slow by #PublicSpending watchdog
Installations must speed up 11-fold as advisers say latest changes to scheme likely to make 2028 target even harder
https://www.theguardian.com/environment/2024/mar/18/uk-heat-pump-rollout-criticised-as-too-slow-by-public-spending-watchdog
#ToryPoliciesInAction #ClimateCrisis #DontLookUp #Environment #Economy #NationalAuditOffice #NAO -
the #budget: plans to placate backbench critics, not meet the nation’s needs
Raising #taxes and cutting #PublicSpending won’t generate the #investment to lift #LivingStandards and #productivity
https://www.theguardian.com/commentisfree/2024/mar/06/the-guardian-view-on-the-budget-plans-to-placate-backbench-critics-not-meet-the-nations-needs
#ToryPoliciesInAction #ToryCynicism #TorySelfServing
#Budget2024 -
And of course the Tory response is to look for *more* cuts in public spending. Of course it is.
I don't want to pay less tax. I want a functioning society, for everyone.
#Tax #Budget #PublicSpending #GTTO
https://mastodon.social/@ProfLouiseL/111928594973157117 -
So depressing to hear Hunt is looking for more public spending cuts in order to lower taxes in the budget. Sums up the Tory belief in individual self-interest over collective social good.
#Tax #Budget #PublicSpending -
"Healthy life expectancy vs. health expenditure per capita"
Interactive chart: https://ourworldindata.org/grapher/healthy-life-expectancy-vs-health-expenditure-per-capita#health #healthCare #healthEquity #healthExpectancy #healthLife #medicine #physicians #pandemic #epidemics #USA #safety #personalSafety #publicSpending #India #Australia
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'The #InternationalMonetaryFund #IMF has issued a strong warning to #JeremyHunt against cutting #taxes in his #budget in March, stressing the need to boost key areas of #PublicSpending instead. https://www.theguardian.com/business/2024/jan/30/imf-says-global-economy-heading-for-soft-landing-after-coping-with-inflation
#ToryPoliciesInAction #UnderfundingPublicServices -
#Hunt ‘will create implausible #austerity with #PostElection #PublicSpending cuts’
Thinktank attacks chancellor’s giveaways as #OBR warns of ‘challenges’ for #councils and services
https://www.theguardian.com/uk-news/2023/nov/22/jeremy-hunt-austerity-public-spending-cuts-obr-resolution-foundation -
France’s Le Maire: We will be EU’s first green economy by 2040 https://www.euractiv.com/section/economy-jobs/news/frances-le-maire-we-will-be-eus-first-green-economy-by-2040/?utm_source=dlvr.it&utm_medium=mastodon #BrunoLeMaire #greenindustry #investmentscreening #Publicspending
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France’s Le Maire: We will be EU’s first green economy by 2040 https://www.euractiv.com/section/economy-jobs/news/frances-le-maire-we-will-be-eus-first-green-economy-by-2040/?utm_source=dlvr.it&utm_medium=mastodon #BrunoLeMaire #greenindustry #investmentscreening #Publicspending
