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
Tag
#Fiscal Policy
14 articles
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