India surged ahead with an impressive 7.4% GDP growth, yet tax revenues are lagging behind expectations. Experts warn that this shortfall could limit public spending and put fiscal stability at risk amid mounting economic pressures. Bloomberg.com reports
Russia is facing mounting financial strain as its foreign reserves dwindle and relentless sanctions squeeze its economy tighter, sparking a deepening liquidity crisis, reports the Financial Times
Russian President Vladimir Putin has called for increased taxes as the nation grapples with a steep economic slowdown, highlighting the growing challenges of sustaining the country’s wartime economy amid intense pressure
The North West Shelf gas extension is poised to deliver “almost nothing” to Australia’s public purse, sparking concerns about the surprisingly minimal financial returns despite its massive energy output, reports The Guardian
Brazil is set to implement a new tax on overseas profits and high incomes as part of a strategy to balance a larger tax exemption. This move aims to enhance fiscal stability while addressing income inequality, according to sources close to the government.
