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Keywords: Budget deficit
Morocco managed to reduce its budget deficit to 3.5 percent of gross domestic product (GDP) in 2025, in line with the targets set by the Finance Law. The deficit reached approximately 60.5 billion dirhams, reflecting an improvement compared with the previous year. This performance was achieved thanks......
Colombian President Gustavo Petro has declared a 30-day state of economic emergency, seeking to introduce new taxes after Congress rejected a proposed fiscal reform intended to finance the country’s 2026 budget. With eight months remaining in his term, the first left-wing president in Colombia’s......
French Economy Minister Roland Lescure has warned that modifying or suspending the 2023 pension reform could have a major financial impact, potentially costing hundreds of millions of euros in 2026 and billions by 2027. Speaking on France Inter on Wednesday,......
In early 2025, former U.S. President Donald Trump made headlines by appointing tech billionaire Elon Musk to head the newly created Department of Government Efficiency (Doge), a move aimed at drastically cutting federal spending. The decision sparked both support and backlash, highlighting the divisive......
Morocco's government is embarking on an ambitious plan to balance economic stability with essential social welfare investments. Minister of Economy and Finance, Nadia Fettah, recently announced that the country’s budgetary programming for 2025-2027 will prioritize reducing the budget deficit......
South Africa is grappling with a substantial budgetary challenge in a climate of slow economic growth, as highlighted by economic experts during a recent conference in Johannesburg focused on commodities. According to analysts, this year's budget has experienced a slight short-term budgetary slip,......
In a stark financial revelation, Morocco's Treasury has reported a staggering budget deficit of MAD 21.1 billion ($2.1 billion) for February 2025. This figure marks a considerable increase from the MAD 3.8 billion ($0.38 billion) deficit recorded during the same period last year, highlighting a deteriorating......
Morocco's voluntary asset disclosure initiative has generated MAD 6 billion for the public treasury from declared assets totaling MAD 127 billion, according to government spokesperson Mustapha Baitas during a Thursday press conference. The program has successfully strengthened relationships between......
Austrian President Alexander Van der Bellen has tasked Herbert Kickl, leader of the far-right Freedom Party (FPO), with forming a coalition government after centrist efforts to establish a government collapsed. This decision comes despite Van der Bellen’s long-standing criticism of the FPO, reflecting......