India’s Economic Outlook & Fiscal Targets highlight steady growth with 10% nominal GDP growth and a fiscal deficit target of 4.3%.

#EconomicOutlook #UnionBudget #FiscalPolicy #IndianEconomy #CurrentAffairs #ExamPrep #VidyakasamEducation

South Korea's Prime Minister Kim Min-seok ruled out any current discussions on a supplementary budget, stressing it is not being considered as an election strategy, while President Lee Jae-myung left open the possibility for targeted fiscal support later this year.
#YonhapInfomax
#SupplementaryBudget #PrimeMinisterKim #PresidentLeeJaeMyung #LocalElections #FiscalPolicy
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=103374

Nirmala Sitharaman: Will India's budget spark global growth? India's fiscal outlook shows cautious optimism with slight deficit and debt reductions. Finance Minister Nirmala Sitharaman projects a modest consolidation in the latest budget, targeting key manufacturing sectors for growth. Read the full analysis to understand the economic impact. https://www.cnbc.com/2026/02/01/indias-finance-minister-sees-modest-fiscal-consolidation-in-budget.html #IndiaBudget #FiscalPolicy #Economy

Check out the 20 major highlights from the Union Budget 2026 speech, covering growth, infrastructure, MSMEs, social welfare and reforms. https://english.mathrubhumi.com/news/money/union-budget-2026-highlights-ppxrx597?utm_source=dlvr.it&utm_medium=mastodon #UnionBudget2026 #BudgetSpeech #IndianEconomy #FiscalPolicy

South Korea's newly established Budget and Planning Office has formally notified major economies and international organizations of its launch, seeking to strengthen global fiscal cooperation and address shared challenges such as climate change.
#YonhapInfomax #BudgetAndPlanningOffice #InternationalCooperation #FiscalPolicy #IMF #OECD #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=103032

Trump announces bipartisan congressional agreement on majority of budget measures, signaling potential resolution to government shutdown crisis as fiscal deadline approaches
#YonhapInfomax #Trump #CongressionalBudget #GovernmentShutdown #BipartisanAgreement #FiscalPolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=103005

President Lee Jae-myung’s withdrawal of Lee Hye-hoon’s nomination as Planning and Budget Office chief raises concerns over a prolonged leadership vacuum, potentially undermining South Korea’s fiscal policy momentum and delaying key appointments and budget decisions.
#YonhapInfomax #PlanningAndBudgetOffice #LeeHyeHoon #LeadershipVacuum #FiscalPolicy #PersonnelAppointments #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=101871

The confirmation hearing for Lee Hye-hoon, nominee for Minister of Planning and Budget, focused on repeated allegations and explanations over fraudulent apartment applications and other controversies, with little discussion of fiscal policy or her qualifications for the post.
#YonhapInfomax #LeeHyeHoon #ConfirmationHearing #RaemianOnePentas #FraudulentApplication #FiscalPolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=101791

President Lee Jae-myung has again indicated the possibility of a supplementary budget, pledging a significant boost to cultural funding if fiscal conditions permit, while reiterating that no deficit-financing bonds will be issued.
#YonhapInfomax #PresidentLee #SupplementaryBudget #CulturalFunding #FiscalPolicy #UlsanTownHall #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=101756

Lee Hye-hoon, nominee for Minister of Planning and Budget, emphasized the need for active fiscal policy as South Korea faces four straight quarters of sub-1% growth, citing stable inflation and shifting economic conditions.
#YonhapInfomax #LeeHyeHoon #FiscalPolicy #EconomicGrowth #Inflation #YoonSukYeolAdministration #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=101719

Lee Hye-hoon, nominee for Minister of Planning and Budget, issued a public apology at her confirmation hearing, pledging to leverage her fiscal policy expertise to restore public trust and drive reforms aimed at boosting South Korea's potential growth and fiscal sustainability.
#YonhapInfomax #LeeHyeHoon #MinistryOfPlanningAndBudget #FiscalPolicy #PotentialGrowth #PublicApology #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=101699

🦁📨 LöwenPost 37 - Sino Kolumne: Verbraucherkredite ~ Fiskalpolitik ~ Staatsschulden

https://0cn.de/LoPo37

#verbraucherkredit #fiskalpolitik #fiscalpolicy #staatsverschuldung #governmentdebt #china

California, a state with the most billionaires run by deficit hawks and other such geniuses of unparalleled fiscal prowess. A proposed tax bill opposed by its own state governor has already wiped out a hefty chunk of its tax revenue.

https://reason.com/2026/01/21/californias-billionaire-tax-could-bite-harder-than-advertised/

https://www.ocregister.com/2026/01/19/mariana-trujillo-why-a-billionaire-tax-would-backfire-on-california/

https://reason.com/2026/01/13/california-billionaires-are-leaving-the-state-in-response-to-proposed-wealth-tax/

#California #fiscalPolicy #incomeTax #progressiveTax #unintendedConsequences #wealthTax

President Lee Jae-myung ruled out issuing tens of trillions of won in deficit-financing bonds for a supplementary budget, emphasizing that increased support for South Korea's cultural and arts sector would only be considered if fiscal conditions allow.
#YonhapInfomax #PresidentLee #SupplementaryBudget #DeficitBonds #CulturalArtsSupport #FiscalPolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=101290

South Korea’s inflation hit a near four-year low in October, but concerns mount over weakening growth momentum and policy challenges as the Trump era ushers in new global uncertainties.
#YonhapInfomax #BankOfKorea #CPI #GDPGrowth #DonaldTrump #FiscalPolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=39116

5/ Financing matters. Public hospitals: capital paid upfront. Private partners: capital + higher interest + profit → 30 years of fixed “availability payments.” Those payments can’t be reduced. #P3 #FiscalPolicy

When politics dictates economic policy, who truly benefits? Paul Krugman re-examines concerns about Kevin Warsh, a potential Fed chair. Krugman highlights Warsh's politically driven stance, advocating austerity and inaction in a depressed economy, based on unsubstantiated fears. Explore Krugman's insightful analysis of Warsh's views. #Economics #Fed #FiscalPolicy https://paulkrugman.substack.com/p/reposting-remembrance-of-kevin-warsh

Bank of Korea Governor Rhee Chang-yong stresses that South Korea's widening 'K-shaped' economic polarization requires structural reforms and fiscal policy, not just monetary measures.
#YonhapInfomax #BankOfKorea #KShapedPolarization #MonetaryPolicy #StructuralReforms #FiscalPolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=100067

Peter Obi demands pause on new tax law over 31 KPMG red flags

​Story Highlights

Labour Party leader Peter Obi called for an immediate suspension of Nigeria’s controversial new tax laws on January 14, 2026. He cited a KPMG report identifying 31 critical errors and argued that enforcing unclear regulations without public consensus amounts to government extortion.

​Former presidential candidate Peter Obi has urged the Federal Government to suspend the implementation of the controversial new tax laws immediately.

​The Labour Party chieftain released a scathing statement on January 14, 2026, pointing to severe drafting errors and policy contradictions that experts warned could cripple the economy.

​Obi referenced a review by global accounting firm KPMG which identified 31 critical problem areas within the new fiscal regime.

​These issues range from fundamental drafting errors to administrative gaps that the government has yet to address publicly.

​KPMG report reveals 31 critical gaps

​The opposition leader expressed alarm that private meetings between the National Revenue Service and KPMG were necessary to acknowledge these flaws.

​He argued that if experts require closed-door sessions to understand the law, the average Nigerian has no hope of comprehending their obligations. This lack of clarity complicates matters for citizens already confused by tax laws 5 things you must know about the gazette alteration.

​The former governor insisted that responsible governance demands immediate action to rectify these inconsistencies before enforcement begins.

​Obi stated that thrusting an expansive tax regime riddled with red flags upon the populace is not a hallmark of leadership.

​Social contract vs extortion

​Obi further criticized the administration for prioritizing revenue extraction over public service delivery. ​He noted that tax policies globally gain legitimacy by funding tangible benefits like healthcare, education, and infrastructure.

​The current system in Nigeria, however, focuses on how much the government can take rather than what it offers in return.

​This aggressive collection drive continues even as debates rage regarding income earned by runs girls becomes taxable under new law. ​According to Obi, a tax system devoid of clear public benefits represents extortion rather than reform.

​Lack of public consultation

​The statement highlighted the absence of broad consultations with businesses, workers, and civil society before the laws were finalized.

​Obi observed that typical democratic processes involve months of discussion to secure consensus and explain the ramifications to the citizenry.

​Nigerians remain in the dark about both the regulations and the benefits despite the removal of subsidies.

​The Labour Party leader warned that enforcing a social contract that citizens neither understand nor trust will only breed confusion and resentment.

​He concluded that genuine reform requires a government that listens and prioritizes national consensus over hasty collection.

The dollar-won exchange rate closed near 1,480, extending gains as the Korean won tracked the yen's sharp depreciation amid Japan's fiscal concerns and expectations of expansionary policy, with the dollar-yen rate surpassing 159 and spot FX trading volume reaching $13.4 billion.
#YonhapInfomax #DollarWon #ExchangeRate #YenWeakness #FiscalPolicy #SpotFXVolume #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=99664