Keywords: Budget


Budget 2027: Sébastien Lecornu urges ministers to cut “Unrealistic” spending requests

French Prime Minister Sébastien Lecornu has called on government ministers to reassess and reduce what he described as “unrealistic” spending requests ahead of the preparation of the 2027 national budget. In a formal letter reported by media sources, Lecornu warned that administrative......

Pakistan unveils FY2027 budget with higher defence spending and ambitious revenue targets

The Pakistani government has presented its budget for the 2026–2027 fiscal year, outlining total expenditure of 18.77 trillion rupees (approximately $67.5 billion). The financial plan reflects the authorities’ efforts to maintain economic stability, meet commitments under the International......

Casablanca Settat launches territorial health governance reform initiative

The government has launched a new phase of health system reform in the Casablanca Settat region through the installation of the territorial health group known as GST. The first board meeting of the GST was held in Casablanca and chaired by the head of government. The initiative forms part of a broader......

Czech Republic faces challenges in meeting NATO defense spending goal

The Czech Republic may struggle to meet NATO’s defense spending benchmark this year, reflecting the financial and political challenges facing several European countries as they seek to strengthen their military capabilities amid a changing security environment. Government officials have acknowledged......

Portugal faces budget pressure after costly winter storms

Portugal is facing growing financial pressure after severe winter storms caused billions of euros in damage and complicated the government’s efforts to maintain a balanced budget in 2026. Speaking before parliament in Lisbon, Economy Minister Manuel Castro Almeida acknowledged that reaching a......

Morocco opens $2 billion in extra budget spending amid rising tax revenues

Morocco’s government has approved MAD 20 billion in additional budget credits to finance subsidies, support public institutions, address emergency spending, and respond to recent flood damage in northern parts of the country. The measures were presented before the Finance and Economic Development......

European Union to release €3.2 billion in first budget aid to Ukraine in mid-June

The European Union is preparing to release approximately €3.2 billion in financial assistance to Ukraine around mid-June, marking the first disbursement under a larger support package designed to stabilize the country’s public finances amid the ongoing war. European Commissioner for Economy......

Italy warns it May exit EU SAFE defence scheme over energy budget rules

Italy has warned that it could withdraw from the European Union’s SAFE unless Brussels grants greater flexibility on budget rules related to energy spending, according to a letter from Prime Minister Giorgia Meloni to European Commission President Ursula von der Leyen. The SAFE instrument is an......

Morocco prepares $2 billion budget increase to contain price pressures

Morocco is preparing an additional MAD 20 billion, or roughly $2 billion, for its 2026 budget as authorities seek to shield the domestic economy from the effects of ongoing instability in the Middle East. The planned spending package aims to maintain stable energy and transport prices while supporting......