Monday 30 November 2015
spending cuts

Oman mulls spending cuts, tax rises as oil tumbles

An advisory body to Oman's government has suggested sweeping spending cuts and tax rises, including a levy on liquefied natural gas exports, to cope with the hit to state revenues from the plunge in oil prices. Oman has run a


The age of austerity is ending

      Whisper it softly, but the age of government austerity is ending.    It may seem an odd week to say this, what with the US government preparing for ind


China warns US debt idea is 'playing with fire'

US Republican lawmakers are "playing with fire" by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China's central bank said on Wednesday. The idea of a technical default -- essent

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