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23 Feb 12
European Commission plans to withhold €495m of Hungary’s funding for 2013 over its failure to reduce its budget deficit are ‘unfounded and unfair’, the country’s government said yesterday.
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23 Feb 12
The European Commission has slashed its 2012 growth forecasts for both the European Union and eurozone and said it now expects the 17 countries using the single currency to experience a ‘mild...
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22 Feb 12
Finance ministers from three European Union countries yesterday voted against formally signing off the EU’s 2010 accounts after they were qualified for the seventeenth year running.
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22 Feb 12
The €130bn Greek bailout deal agreed yesterday provides a ‘comprehensive blueprint’ for putting the country’s public finances and economy back on a stable footing, according to European Union finance...
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20 Feb 12
The European Commission has begun assessing whether International Public Sector Accounting Standards are suitable for adoption by all European Union member states.
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16 Feb 12
Gross domestic product for both the eurozone and the European Union as a whole fell by 0.3% over the last three months of 2011, Eurostat said yesterday.
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16 Feb 12
A global coalition of more 50 charities and campaign groups has called for developing countries to be given a ‘central role’ in the selection process for the next president of the World Bank.
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8 Feb 12
The United Nations has called for ‘development-led globalisation’ to improve the economic situation of both developed and developing countries.
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7 Feb 12
Whole of Government Accounts need to include all bodies that affect the financial position of the government, according to the Public Accounts Committee.
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6 Feb 12
European Union countries’ government debt increased to 82.2% of their gross domestic product at the end of September 2011, according to the EU’s statistical service.
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3 Feb 12
Giving overseas aid directly to poor communities rather than through governments brings ‘real benefits’ and it is surprising the Department for International Development does not use this approach...
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2 Feb 12
MEPs have attacked the fiscal compact agreed by European leaders this week for failing to do enough to revive Europe’s economy and create jobs.
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1 Feb 12
European Union support has helped prepare Croatia for membership next year but ‘significant challenges’ remain, the European Court of Auditors said today.
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30 Jan 12
International Development Secretary Andrew Mitchell has called for more to be done to tackle the underlying causes of instability in Somalia.
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26 Jan 12
European Union leaders need to be ‘bolder’ in how they tackle the eurozone crisis, reduce budget deficits and encourage growth, Prime Minister David Cameron said today.
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25 Jan 12
The United States government must take decisive action now to reduce its debt and budget deficit and improve financial accounting and reporting, according to former US comptroller general David...
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24 Jan 12
The International Monetary Fund has slashed its forecast for global growth in 2012 and warned of increased risks to financial stability.
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23 Jan 12
The eurozone is still marginally more likely than not to ‘muddle through’ its current crisis, but if the currency does falter it will send shockwaves around the world, according to an economic...
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20 Jan 12
The Department for International Development should take a more hands-on approach to the provision of aid by private organisations, including appointing a dedicated official, MPs said today.
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19 Jan 12
A Commons committee today said the relaxation of immigration checks at ports and airports last year was ‘highly troubling’, and followed a breakdown in communication between different arms of the UK...
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13 Jan 12
Public sector fraud is on the increase globally, with organisations particularly at risk from their own employees and suppliers, according to research published today by PricewaterhouseCoopers.
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6 Jan 12
MPs have backed the government’s plan to increase aid to conflict-affected countries, but want funding to be dependent on transparency and accountability.
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20 Dec 11
The current financial crisis is just the start of the problems facing Western economies. ‘Normal’ levels of GDP growth might never return, as a result of climate change, an ageing population,...
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16 Dec 11
When the financial crisis began, governments focused on cutting spending to reduce their debts. Now attention is turning to the other side of the coin – raising revenue. Tax collection is the new...
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2 Dec 11
The new president of the European Central Bank has called on European Union countries to agree joint principles for managing their finances.
23 Feb 12European Commission plans to withhold €495m of Hungary’s funding for 2013 over its failure to reduce its budget deficit are ‘unfounded and unfair’, the country’s government said yesterday.
20 Dec 11The current financial crisis is just the start of the problems facing Western economies. ‘Normal’ levels of GDP growth might never return, as a result of climate change, an ageing population,...
16 Dec 11When the financial crisis began, governments focused on cutting spending to reduce their debts. Now attention is turning to the other side of the coin – raising revenue. Tax collection is the new...
