American health-care spending, measured in trillions of dollars, boggles the mind. Last year, we spent $3.2 trillion on health care — a number so large that it can be difficult to grasp its scale.
She is among a growing number of Americans who are retiring outside the United States. The number grew 17 percent between 2010 and 2015 and is expected to increase over the next 10 years as more baby boomers retire.
In response, the government has already slashed energy subsidies and cut wages for officials. But in a new report — the Fiscal Balance Program 2020, published over the weekend — it warns of dire consequences if it doesn’t press ahead with more dramatic measures.
Speculation is rife that he is also seriously considering other dramatic and unusual reform measures — including possibly abolishing income tax and replacing it with a banking transaction tax.
The central government’s primary budget deficit, which excludes interest payments and the finances of states and municipalities, hit 38.4 billion reais in November – its worst-ever result for the month.
The household debt-to-disposable income ratio was at 151.1 percent at the end of the third quarter, having risen 7.4 percentage points from the end of 2015.
The European Central Bank said Banca Monte dei Paschi di Siena SpA needs about 8.8 billion euros ($9.2 billion) to bolster its balance sheet, almost twice the amount the Italian lender had sought to raise in a failed capital increase.
As the global and Japanese economies improve, “to ensure that Japan never falls back into deflation, it is necessary to achieve 2% inflation in this round of monetary easing,” Kuroda said.
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