Trade Unions Professional Political Organisations

India was among the worst hit economies by the global pandemic, recording a 9.9% contraction in real GDP in 2020, but the country is anticipated to see a swift recovery from 2021 onwards, driving public sector growth. Indian GDP is forecast to grow ...

Russian public revenue contracted in 2020, amid the effects of the COVID-19 pandemic on the economy and the drop in oil output and prices. Russia’s GDP contracted by 3.7% in real terms in 2020, due to limited economic activity and widespread lockdown...

In 2020, Brazil generated less public revenue compared to 2019, mainly due to the adverse effects of the COVID-19 pandemic on the economy. The country’s annual real GDP declined by 4.7%, reflecting the impact of economic shutdowns which weakened ...

In 2020, Canada’s public revenue dropped, compared to 2019, amid the effects of the COVID-19 pandemic. The decrease is largely associated with the overall economic downturn, resulting in a 5.8% real GDP contraction. The downturn was felt across ...

In 2019, the UK’s public revenue continued to increase. Due to high employment and higher average salaries, the revenue from personal income taxes increased over the year, contributing to overall industry growth. Moreover, the tax contribution from ...

In 2019, China’s government continued to see an increase in revenue, but at a slightly slower rate. Personal and business tax cuts, introduced in 2018, which were intended to spur the slowing economy, reduced public tax revenue. The tax reduction ...

In 2019, the US economy continued to expand, positively affecting the revenue of government and membership organisations. Favourable fiscal conditions, high employment and growth in real wages contributed to the increase. However, revenue expansion ...

In 2019, the Italian government and membership organisations industry saw only limited growth, due to insufficient funding, as increased public spending contributed to a growing budget deficit. Moreover, high public debt and low productivity remained...

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In 2019, Spain’s gross domestic product (GDP) grew by 2%, which was above the Eurozone average. Tax rises and the introduction of new taxes, such as taxes on petrol, income, corporations and “Google tax”, had a positive outcome for the country’s ...

Growth in German public revenues slowed in 2019, but revenue still rose by 3%, partly owing to high tax collection. Even though real GDP growth decelerated, due to weak exports and a slowdown in manufacturing, the losses were counterbalanced by ...

Public revenue and the turnover of membership organisations grew slightly faster in 2019 than in the previous year. This can be partially attributed to the government’s reduced spending on social services and increased taxation on fuel and tobacco. ...

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