budget
German Chancellor Olaf Scholz does not expect the new lower tax income estimate to have any serious impact on the deliberations on the next federal budget. "As far as the issue of budget consultations in Germany is concerned, we are on schedule," Scholz said at a press conference with Moldovan President Maia Sandu on Friday in response to a question from journalists. It was not so surprising that the tax estimate was "not quite so favourable," he said, adding that the expected results had therefore already been taken into account beforehand. According to the German chancellor, the draft budget...
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More than 1 million Italian low-income families will receive an extra one-off government payment of €100 ($107), following a decree published on Wednesday from Prime Minister Giorgia Meloni's right-wing government. The money, which will not be disbursed until next year, will go to families with at least one dependent child who only have a single income of less than €28,000 annually. The special benefit's total cost to the heavily cash-strapped Italian government is estimated by the government at around €100 million. Originally, the bonus was to have been paid in December, but it will not be se...
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Portugal, which only some 10 years earlier needed a massive EU bailout to stay afloat, has recorded the highest budget surplus since the country's return to democracy 50 years ago, data from the national statistics authority INE showed on Monday. In 2023, the surplus amounted to 1.2% of economic output or just under €3.2 billion ($3.4 billion), INE said. The result represents an improvement of 1.5 points compared to 2022, when a drop of 0.3% was recorded. It is also 0.5 points above the government's target. Meanwhile, Portugal's debt ratio fell from almost 114% to just over 99% of gross domest...
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