Pieris Markou, Chief Executive Officer of Deloitte Cyprus, tells ICAEW Insights that tourism and tax will not be enough to fill the hole in public finances left by COVID - the island must continue to bring in foreign investment.
Which emergency COVD-19 initiatives have been implemented by national governments around the world and what are their impacts?
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As Germany heads to the polls this weekend to elect a new federal parliament, the topic of the public finances has moved to centre stage. Our chart this week looks at the federal budget for 2022 and the current plan to sharply reduce the deficit from 2023 onwards.
Innovate UK will be at the forefront of delivering the UK government’s newly launched Innovation Strategy – boosting innovation amid post-COVID recovery by providing financial support to businesses.
This week’s chart looks at how much progress there has been in vaccinating an estimated global population of 7.8bn people, and how much is left to be done.
This week's chart explores how despite a negative fiscal balance of A$103bn, the Australian federal budget has weathered the pandemic relatively well compared with many other major economies.
This week’s chart looks at how the pandemic has driven government debt levels higher, a topic that will be on the agenda at the G7 summit in Cornwall in six weeks’ time.
This week’s chart explores Canada’s newly minted Budget 2021, which saw its federal government lay out “a recovery plan for jobs, growth and resilience”.
Huge economic shock combined with unprecedented fiscal interventions results in a provisional fiscal deficit of £303bn or 14.5% of GDP for the year ended 31 March 2021.
1 March 2021: Extending the business rates holiday for struggling companies in the retail, hospitality and leisure sectors should be a key announcement in next week’s Budget speech, a poll of chartered accountants has found.
19 February 2021: Congressional Budget Office expects a decade of trillion-dollar deficits as the US public finances are hit by the pandemic.