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UK budget unlikely to shock the Pound assuming that fiscal prudence is maintained – Rabobank

Next week brings the UK budget. The budget has the potential to impact the Pound Sterling (GBP) – which is currently the second best performing G10 currency in 2024 after the US Dollar, economists at Rabobank say.

China s Vice FinMin: Will appropriately increase investment under central government budget

China's Vice Finance Minister Wang Dongwei said on Thursday that they “will appropriately increase investment under the central government budget.” Additional takeaways 2023 tax and fee cuts, rebates totaled 2.2 trillion yuan.

Top US Senae Democrat Schumer: Congressional leaders agree to a stopgap funding measure

US Senate Democratic leader Chuck Schumer announced on Monday that “congressional leaders agree to a stopgap funding measure.” Additional comments New bipartisan stopgap measure would fund some gov't agencies through March 1, others through March 8.

Japan s LDP agrees on income tax breaks to lessen the impact of price hikes

Having reviewed a document, Reuters reported on Thursday that the Japanese ruling Liberal Democratic Party’s (LDP) tax reform panel is likely to implement income tax breaks to lessen the pain of price hikes on households.

Australian Treasury: CPI inflation to reach 2 5% target in 2025/26

Australian Treasury presented the Mid-year Economic and Fiscal Outlook (MYEFO) on Wednesday, with the key highlights noted below.

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