The United States spends $1 trillion on welfare and medicaid, which can be reduced while still increasing welfare benefits.

Much of what’s said about government spending will be influenced by partisanship, ideology, self-interest and populism.

Although the forecasts are subject to revision before Reeves’ Spring Statement on March 26, they indicate that her £9.9bn of headroom against her fiscal rules announced in her Budget last October has ...

Sir Keir Starmer has been privately urged to boost defence spending to more than 3 per cent of GDP – far outstripping ... It comes after senior government sources reportedly said 2.5 per cent ...

The Trump administration’s many attempts over the past couple of weeks to halt federal spending have met mostly with approval from Republicans on ...

The report says government will aim to reduce the fiscal deficit to 4.5 per cent of Gross Domestic Product (GDP) in the ...

While this will incur a revenue loss amounting to 0.2 per cent of GDP, it will provide a strong boost to consumer sentiment ...