The Latest Breaking News from GDP

The Prime Minister's comments to the European Research Group came after a minister threatened to resign if she reneged on a commitment to increase defence spending to 3% of GDP by 2030

Armed Forces Minister James Heappey warned he would resign unless the Prime Minister stuck to a promise to raise defence spending to 3% of GDP by 2030

While Stage 3 tax cuts are good for the top four percent of income earners, they literally give nothing for those earning below $45,000.

As the five economies in mainland Southeast Asia re-emerge from the Covid-19 pandemic, their prospects for recovery and return to growth and development appear challenged, characterised by deteriorating balance of payments, fiscal weaknesses, currency depreciations, and rising inflation amidst global monetary tightening and recession risks.

The public debt-to-GDP ratio in fiscal 2023 is expected to edge down to 60.4% from an anticipated 60.6% in fiscal 2022 thanks to the economic recovery, says Public Debt Management Office (PDMO) director-general Patricia Mongkhonvanit.

According to official data released last month, the Central Government's fiscal deficit touched 32.6% of the annual target in the current financial year till August as against 31.1% recorded a year ago

The PM has written to the Defence Secretary confirming her commitment to spend three per cent of GDP on the military by 2030

Markets’ jitters over Kwasi Kwarteng’s plan continue

THE risk of a recession has risen after the UK’s economy shrank in August as factories and consumer services firms struggled, according to…