Indonesia implemented a wide-ranging fiscal restructuring programme in 2025 under President Prabowo that focused on expenditure rationalisation, tighter enforcement and recovery of revenue from illegal economic activity, resulting in an estimated fiscal impact of about $30 billion while keeping the fiscal deficit within the statutory 3 percent ceiling and maintaining stable debt levels.
— last modified 04 January 2016 The Single Resolution Mechanism (SRM) became fully operational on 1 January 2016. The SRM implements the EU-wide Bank Recovery and Resolution Directive (BRRD) in…
— last modified 15 December 2015 The European Commission adopted on 15 December a Communication on the contribution of the European Structural and Investment Funds (ESI Funds) to the EU’s…
— last modified 03 December 2015 The European Commission opened on 3 December a formal probe into Luxembourg’s tax treatment of McDonald’s. Its preliminary view is that a tax ruling…
— last modified 30 November 2015 The European Commission has proposed to overhaul prospectus rules to improve access to finance for companies and simplify information for investors. Small and medium-sized…
— last modified 26 November 2015 The European Commission’s package launches the annual cycle of economic governance. It sets out general economic and social priorities for the EU and gives…
— last modified 16 November 2015 The European Parliament reached a provisional deal on 14 November with the Council on the 2016 European budget. The agreement significantly strengthens the EU…
