News and comment on global public financial management

News

US growth hit by automatic spending cuts, says Obama aideThe automatic spending cuts which took effect in the US on March 1 have already begun to hold back economic growth, according to President Barack Obama's chief economic adviser, Alan Krueger. 29 April 2013
Women 'only fill 20% of top public sector posts in G20 countries'Women hold fewer than one in five top public sector jobs in Group of Twenty countries, although they make up almost half the public sector workforce, Ernst & Young said today. 29 April 2013
Fitch warns over weakness of Israel's public financesFitch has reaffirmed Israel's single A credit rating and stable outlook, but warned that high debt levels present a threat. 26 April 2013
Europe news round-up: Italy 'should confront Europe over austerity', and moreA round-up of public finance stories from Europe you might have missed this week (April 2226). 26 April 2013
US & Canada news round-up: US budget cuts 'will hit tax revenues', and moreA round-up of public finance news stories from the US and Canada you might have missed this week (April 2226). 26 April 2013
Middle East & Africa news round-up: South Africa 'needs better spending', and moreA round-up of public finance news stories from the Middle East and Africa you might have missed this week (April 2226). 26 April 2013
Thailand must avoid expensive populist policies, says Moody'sMeasures aimed at shoring up popular support for Thailand's government pose a risk to its commitment to keep deficits low, Moody's warned today. 25 April 2013
Delaying austerity 'not easy way out of hardship'European Union countries should not slow down economic reforms or they will damage growth and shift the problem to the next generation, a European Central Bank board member warned today. 25 April 2013
Abenomics boosting Japan but debt still too high, says OECDJapan's economy is on the brink of recovery but long-term growth requires a reduction in public debt, the Organisation for Economic Co-operation and Development has said. 24 April 2013
People haven't bought into austerity-led policies, warns BarrosoThe European Commission president has warned that citizens' tolerance for austerity policies is running out. 23 April 2013
US municipal governments told to disclose debt guaranteesUS state and local governments that offer loan guarantees will now have to include them on their balance sheets as liabilities if there is a likelihood of the debtor defaulting, US public sector accounting rule-setters said yesterday. 23 April 2013
'Better use' of fiscal policy could help cut poverty, says World Bank chiefManaging public spending in a 'stronger, more strategic way' could help developing countries to end extreme poverty and achieve inclusive growth, according to World Bank president Jim Yong Kim. 22 April 2013
EU deficits down in 2012 but debt continues to riseThe combined deficit of European Union member states fell last year, but aggregate debt levels continued to increase, according to figures published by Eurostat today. 22 April 2013
Asia Pacific news round-up: China growth lower than forecast, and moreA round-up of public finance stories from the Asia Pacific region you might have missed this week (April 15-19). 19 April 2013
Middle East & Africa news round-up: Moroccans criticise budget cuts, and moreA round-up of public finance stories from the Middle East and Africa you might have missed this week (April 15-19). 19 April 2013

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