Program: Fiscal

Japan Shifts to a New Fiscal Anchor

| 15 April 2026
Fiscal, Blog | Tags: Debt, Fiscal Rules, Japan
Japan is redefining the framework that anchors its public finances. Following the belated approval of the 2026 financial year budget, attention will turn to the Sanae Takaichi administration’s shift from a single-year primary balance target towards a medium-term approach centred on stabilising the debt-to-gross domestic product ratio. ... continue reading

How Can Ministries of Finance Support the Low-Carbon Transition Through Coherent ‘Policy Packages’?

| 13 April 2026
Fiscal, Monetary, Blog | Tags: Carbon Pricing, Energy, Industrial Policy, Policy Coherence, Tax Expenditures
The transition towards greener and more resilient economies is one of the defining economic opportunities of our time. From growth and innovation to enhanced competitiveness and long-term savings, the potential gains are substantial. ... continue reading

Insurance Protection for Climate-Resilient Progress

| 27 March 2026
Fiscal, Monetary, Op-Eds | Tags: Climate Risks, Insurance, Vietnam
This op-ed was first published in the Vietnam Investment Review. The World Bank has estimated that about $300 billion of the country’s commercial and industrial assets are vulnerable to climate-related disasters. Patrick Lenain, senior associate at the Council on Economic Policies, looks at the gaps ... continue reading

How Ministries of Finance can Support Coherent Climate Policy Packages | Panel Discussion & Launch

10 March 2026 | 15.00 CET | Online
Fiscal, Panel | Tags: Carbon Pricing, Decarbonization, Energy, Industrial Policy, Innovation, Policy Coherence, Tax Expenditures
This webinar, hosted by the Coalition of Finance Ministers for Climate Action, presented key findings from a new report on how finance ministries can design and support coherent climate policy packages. ... continue reading

Governing Tax Expenditures: Lessons from Four Advanced and Emerging Market Economies

, and | 2 March 2026
Fiscal, Blog | Tags: Brazil, Domestic Revenue Mobilization, France, India, Tax Expenditures, United Kingdom
This blog builds on four Tax Expenditures Country Reports published within the series hosted by CEP and IDOS, and shows how Brazil, France, India, and the United Kingdom govern tax expenditures across three critical dimensions: benchmark definition, reporting, and evaluation. ... continue reading

7th Virtual Meeting of the Community of Practice on Tax Expenditures: Tax Gap Analysis with TE Data

26 February 2026 | 15.00-16.30 CET | Online
Fiscal, Workshops | Tags: Domestic Revenue Mobilization, GTED, Tax Expenditures
The latest meeting of the Community of Practice on Tax Expenditures (CoP), organised in cooperation with the ATI Community of Interest on Tax Gap, focused on tax gap analysis with particular emphasis on the use of TE data. ... continue reading

How Ministries of Finance can Support Coherent Climate Policy Packages

| 26 February 2026
Fiscal, Discussion Notes | Tags: Carbon Pricing, Decarbonization, Energy, Industrial Policy, Innovation, Policy Coherence, Tax Expenditures
The success of the low-carbon transition will depend less on isolated climate measures than on the ability of governments to design and sustain coherent policy packages that align fiscal, energy, and industrial objectives. ... continue reading

Confronting Climate Change in the Philippines: Building Resilience while Cutting Emissions

| 13 February 2026
Fiscal, Blog | Tags: Carbon Pricing, Climate Risks, Energy, Renewables, The Philippines
Climate change is not a distant threat for the Philippines. Preparing for a warmer and more volatile future will require building on past progress in investing into climate change adaptation, combined with carbon pricing and cleaner power generation. ... continue reading

Scale and Oversight of Tax Expenditures in Ireland

and | 10 February 2026
Fiscal, Testimonies | Tags: Ireland, Parliaments, Tax Expenditures
Tax expenditures are introduced to promote investment, employment, welfare policy objectives, or environmental goals, among others. Yet systematic evaluations remain rare ... ... continue reading

Industrial Policy: ‘Europe Can No Longer Afford the Inefficiency of a National Patchwork’

and | 30 January 2026
Fiscal, Op-Eds | Tags: Competition, Decarbonization, Europe, Fiscal Space, Industrial Policy
Faced with American and Chinese competition, Europe must undertake a radical shift: move from a mosaic of national subsidies to a unified and more intelligent industrial policy, argue Patrick Lenain and Rens van Tilburg.  ... continue reading