The Chilean President, Gabriel Boric, unveiled a government tax strategy to raise fiscal revenue, aiming to finance social reforms in pensions, healthcare, and security worth US$8 billion. The proposal includes measures like enhancing tax enforcement, restructuring the state, and raising taxes on higher-income sectors to cover urgent social expenses. Named the fiscal pact for development […]
Related Posts
Record low net reserves raise concerns amid Argentina’s election season
Argentina’s Central Bank (BCRA) is facing historically negative net reserves, causing concern among investors ahead of the upcoming PASO elections. The BCRA’s net reserves, the difference between its assets and short-term liabilities, have plummeted to a record low of -US$6.45 billion. This has raised fears of a potential mass withdrawal of deposits, which could further […]
Central Bank Head Backs Wealth Tax in Brazil
Roberto Campos Neto, Brazil’s Central Bank Chief, supported taxing the ultra-rich and offshore companies. He spoke at a House Finance Committee meeting just before meeting President Luís Inácio Lula da Silva for the first time. Lula took office this year on January 1. Since August, the government has discussed this tax plan. Lula signed a […]
Southern African Forces Exit Mozambique as Islamist Threat Grows
Since mid-2021, the Southern African Development Community’s Military Mission (SAMIM) has supported Mozambique’s fight against Islamist terrorism in Cabo Delgado. Yet, by July 2024, it will withdraw due to a lack of funds, spotlighting the Southern African Development Community (SADC) financial woes and strategic dilemmas. Foreign Minister Veronica Macamo highlighted these financial issues, with member […]