PoliticsEurope
Belgium Budget Talks Stall as De Wever's Framework Fails
Belgium's top ministers ended budget talks without a working framework, leaving 10 billion euros in savings unresolved and a key deadline in doubt.
—5 min read
Tag
#Fiscal Policy
36 articles
EconomyChina
China Government Procurement Hit 3.32 Trillion Yuan in 2025
China's 2025 government procurement reached 3.32 trillion yuan, down 1.6% year-on-year, as services and green spending expanded.
—4 min read
PoliticsEconomy
Belgium's De Wever Opens 10 Billion Euro Budget Talks
Belgium's Arizona coalition began crunch budget talks, seeking 10 billion euros to tame a 5.2% deficit and avoid an interest snowball.
—6 min read
EconomyChina
China Fiscal Revenue Slows, Spending Shrinks in August
China's August fiscal revenue growth slowed to 4.7% while government spending contracted, as property downturn and weak demand weigh on public finances.
—5 min read
PoliticsEconomy
Belgian Cabinet Meets on Budget After Difficult Talks
Belgium's core cabinet met Saturday to seek about EUR 10 billion in budget savings, following a difficult session and a rift over Palestinian students.
—4 min read
Politics
Belgium Budget Minister Warns Against Government Collapse
Belgian Budget Minister Van Peteghem warns government collapse would be irresponsible as the Arizona coalition faces a 10 billion euro budget challenge.
—5 min read
PoliticsBelgium
Brussels Casino: Khattabi Questions Fiscal Returns
Zakia Khattabi questions whether Brussels will see fiscal benefits from the casino concession, as the Council of State suspends the award.
—5 min read
Politics
Belgium Budget Conclave: Government Must Not Fall
Les Engagés' Verougstraete says Belgium's government must not fall as the Arizona coalition faces a critical budget conclave.
—4 min read
Economy
China Expands Fiscal-Financial Measures for Domestic Demand
China upgrades fiscal-financial coordination with expanded interest subsidies, more banks, and higher credit limits to boost consumption.
—6 min read
EconomyTechnology
China's Robots Accelerate as Fiscal Measures Boost Demand
China's robot industry accelerates globally while upgraded fiscal measures boost domestic demand via interest subsidies and expanded credit.
—7 min read
Economy
China Unveils Fiscal Reform Plan for 15th Five-Year Period
China's Ministry of Finance outlines fiscal reform agenda for the 15th Five-Year Plan, targeting stronger fiscal capacity and modern macro-control.
—6 min read
Economy
China Expands Fiscal-Financial Coordination to Boost Demand
China's three key departments expand fiscal-financial coordination policies, broadening subsidies and raising limits to boost domestic demand.
—6 min read
Business & Economy
US National Debt Surpasses Record $40 Trillion
The U.S. national debt has surpassed $40 trillion, highlighting growing fiscal challenges amid debates over spending and the debt ceiling.
—6 min read
Economy
All 31 Chinese Provinces Report Stable H1 Local Finances
China's 31 provinces report stable H1 2026 fiscal operations with 6.88 trillion yuan in local revenue, up 2.7% year-on-year.
—4 min read
EconomyChina
China's Fiscal Stability Supports Economic Growth Momentum
China's H1 2026 fiscal revenue grew 4.7% to 12.1 trillion yuan, with tax revenue up 5.3%, supporting economic recovery and growth momentum.
—7 min read
Economy
China's Trade Tops 30 Trillion Yuan Amid Economic Resilience
China's goods trade surpassed 30 trillion yuan in early 2026, up 17.3%, as fiscal stability and foreign confidence signal economic resilience.
—6 min read
Economy
China's Fiscal Operations Support Economic Growth
China's H1 2026 fiscal revenue grew 4.7% year-on-year, supporting economic recovery through proactive fiscal policy and fiscal-financial coordination.
—4 min read
EconomyPolitics
China H2 Economy: Experts See Supportive Policy Signals
Economists say China's H2 policy signals point to stronger fiscal-monetary coordination and domestic demand support after the July 30 Politburo meeting.
—5 min read
EconomyChina
China Says 755B Yuan Budget Investment Basically Allocated
China's top planner says 755 billion yuan in central budgetary investment is basically fully allocated, with a focus on livelihoods and disaster relief
—4 min read
Economy
China's Tax Revenue Tops 10 Trillion Yuan in H1 2026
China's tax revenue topped 10 trillion yuan in H1 2026, up 4.9% YoY. Over 100 million taxpayers received 150 billion yuan in refunds.
—4 min read
PoliticsEconomy
China Deepens Budget Transparency With Performance Reforms
China's 96 central departments published 2025 final accounts, marking 16 years of budget transparency with stronger performance focus.
—4 min read
EconomyPolitics
Flat-Rate COLA Could Cut Social Security Shortfall in Half
A proposed flat-rate COLA for Social Security could close 50% of the program's 75-year funding gap while protecting low-income retirees from benefit cuts.
—5 min read
PoliticsEconomy
Belgium Targets €10 Billion in Budget Savings by Mid-October
Belgian PM Bart De Wever's government sets €10 billion budget savings target by mid-October, exceeding the €7.7 billion EU minimum.
—4 min read
Economy & Finance
China Completes $27.6B Bond for Equipment Upgrades
China allocates 200 billion yuan in ultra-long special treasury bonds for equipment upgrades across 22 sectors, completing the final batch of 2026 funding.
—4 min read
PoliticsJustice
Belgian Judge Blocks Higher Pensions for 32 Former MPs
A Brussels court ruled against 32 former Belgian MPs seeking €9,563 pensions, reducing them to €8,291 in a landmark fiscal responsibility decision.
—4 min read
FinanceGovernance
Audit Reveals Billions in Rural Funds Diverted for Debt
A Chinese audit found 56 counties diverted 27.95 billion yuan in rural funds to repay local debt, raising concerns about fiscal discipline.
—4 min read
PoliticsEconomy
Belgian Chamber Approves 2026 Budget Adjustment
Belgium's Chamber of Representatives approves the 2026 budget adjustment, a technical fix that sets the stage for tough multi-year fiscal negotiations.
—4 min read
PoliticsEconomy
De Wever Urges Budget Discipline as Belgium Faces Tightrope
Belgian PM Bart De Wever urges coalition leaders to avoid 'too crazy proposals' as the government races to finalize a federal budget before July 6.
—4 min read
EconomyFinance
China Stamp Tax Surges 88.8% as Market Activity Booms
China's securities stamp tax revenue jumped 88.8% in Jan-May 2026 to 126.2 billion yuan, reflecting surging stock market turnover.
—4 min read
PoliticsEconomy
Belgium Wealth Tax: Coalition Partners Clash Over Fortunes
Les Engagés proposes a 0.3% tax on financial wealth over €500,000, sparking fierce opposition from coalition partner MR amid Belgium's budget crisis.
—4 min read
PoliticsEconomy
Belgium's €7B Budget Effort Falls Short, Minister Warns
Belgian Budget Minister Van Peteghem warns the €7 billion budget exercise is insufficient, as deficit projections worsen and coalition divisions deepen.
—4 min read
EconomySocial Policy
Social Security Reserves to Run Out by 2032, Report Warns
2026 Trustees Report warns Social Security retirement trust fund will be exhausted by late 2032, triggering automatic 22% benefit cuts.
—4 min read
PoliticsEconomy
Anders Party Proposes €16.7B Austerity Plan for Belgium
Belgium's Anders party unveils a €16.7B austerity plan targeting healthcare, civil service, and regional debt to address the federal budget deficit.
—4 min read
EconomyTrade
China Urges Export Tax Rebate Cuts as Surplus Hits Record
Chinese researchers urge cutting export tax rebates after a record $1.2 trillion trade surplus to boost household spending and ease trade tensions.
—4 min read
PoliticsEconomy
Belgium Targets €6.7B Savings by 2029 in New Budget Plan
Belgium's Arizona coalition unveils a €6.7 billion savings plan by 2029, with measures on salary indexation, pensions, energy taxes, and air travel.
—5 min read
EconomyChina
China Revenue Rises as Spending Slows, Profits Surge
China's fiscal revenue rose 6.7% in April while spending fell 3.2%. Industrial profits surged 24.7% on AI and energy demand, signaling a mixed economy.
—5 min read