[ad_1] (Bloomberg Opinion) — Nearly a decade after the Brexit vote, Britain faces escalating challenges on several fronts, not least a sluggish economy and surging public debt. New tariffs threatened by Washington could make these problems much worse. It’s a good time to focus on a long-elusive goal: repairing its fractured relationship with the European…
[ad_1] Life is normal again. Economic activity in most countries is humming, much as before. However, the costs of the global economic disruption are still evident in government finances. The massive intervention to support households, firms and national economies was inevitably costly. Global public debt is now more than $100 trillion—and still rising. This is…
[ad_1] India currently has a fiscal law that expects the Union government to keep its annual fiscal deficit below 3% of gross domestic product (GDP). So government borrowing in any given year cannot exceed that limit, to rein in profligate budgeting. However, a rigid limit on government borrowing can be counterproductive in some situations. For…
