“For Rajadhyaksha, it is “simple and uncomfortable.” The developed​ world “has too much #debt, too little #fiscaldiscipline, and no political appetite for fixing either.” If there’s a trigger, it has been the #Iranwar and the resulting #shock to #oilsupply.”

RE: https://bsky.app/profile/did:plc:5zca2ola2zxpkw37w4f3wxtu/post/3mmjk2e5nak26
Liberals, Conservatives haggle over a deficit that is both smaller and larger
Tabling the spring economic update in the House of Commons on Tuesday, Finance Minister François-Philippe Champagne celebrated his government's fiscal discipline. Conservative Leader Pierre Poilievre was unpersuaded.
https://www.cbc.ca/news/politics/carney-poilievre-carney-update-deficit-analysis-9.7180486?cmp=rss
Kerala High Court cancels Rs 20 crore Nava Kerala programme, citing Rules of Business violations and warning against ‘colourable’ fund use ahead of polls. https://english.mathrubhumi.com/news/kerala/kerala-hc-sets-aside-20cr-pr-allocation-tub72bka?utm_source=dlvr.it&utm_medium=mastodon #KeralaHighCourt #NavaKerala #PublicFunds #FiscalDiscipline
Be Disciplined, the Era of Free Money Is Gone - Adesina Tells African Nations

  Akinwumi Adesina, President of the African Development Bank (AfDB), delivered a blunt message to African leaders at the Africa Economic Su...

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Be Disciplined, the Era of Free Money Is Gone - Adesina Tells African Nations

  Akinwumi Adesina, President of the African Development Bank (AfDB), delivered a blunt message to African leaders at the Africa Economic Su...

Blogger
"Prohibiting Interest Rates Beyond the Legal Limits Act 2017 shld be amended to give "more teeth" against defiant creditors .. to seize excessive interest charges as "ill-gotten gains" .. Most importantly, #Thais should be educated in #fiscaldiscipline, starting at the school level, as more Thai youths hv recently become addicted to online gambling .. All attempts by the government to tackle the #informaldebt prob will be in vain if most Thais do not hv fiscal discipline"
https://www.bangkokpost.com/opinion/opinion/2696033/rethink-debt-servicing
Rethink debt servicing

Informal debt has been a chronic problem in Thai society, affecting a large number of people, particularly low-income earners.

https://www.bangkokpost.com