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As promised in the recent elections, and despite the country's significantly increased fiscal deficit in 2016, Ghana's new Government has decided to balance its election promise of beginning a program of tax cuts to boost private sector growth, with an attack on tax non-compliance. Read Full Story
South Africa's 2017-18 Budget, announced by Minister of Finance Pravin Gordhan on February 22, has had to resort to tax hikes, particularly on the wealthy, in order to stabilize the country's fiscal position. Read Full Story
Hong Kong's Financial Secretary, Paul Chan, has announced measures to boost the territory's economy in his 2017-2018 Budget. Read Full Story
Ex-premier Matteo Renzi's Democratic Party has refused to support hikes to excise taxes that are being proposed as a major element in Italy's additional 2017 fiscal adjustment, required by the European Commission. Read Full Story
Nigeria's Minister of Budget and National Planning, Udoma Udo Udoma, has denied that the Nigerian Government intends to raise taxes and will instead focus on compliance. Read Full Story
The OECD has said Italy should limit its fiscal plans to those measures that would not inhibit improved economic growth. Read Full Story
Botswana's Budget for the 2017/18 fiscal year looks to reduce the country's dependency on revenues from diamonds. Read Full Story
The International Monetary Fund has welcomed both the increased tax revenues now being collected in Kenya, and the Government's commitment to reducing the country's fiscal deficit in the medium-term. Read Full Story
In its work report for 2017, the South Korean Ministry of Strategy and Finance has indicated that it will focus on boosting South Korea's currently-weak economic growth, in part through fiscal reforms. Read Full Story
The Italian Minister of the Economy and Finance, Pier Carlo Padoan, sent a letter to the European Commission on February 1, confirming that Italy will introduce additional budgetary measures to reduce its forecasted fiscal deficit for this year. Read Full Story
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