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Keywords: Budget


South Africa faces significant budgetary challenges amid sluggish economic growth

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,......

Morocco's budget deficit swells to MAD 21.1 billion amid rising expenses and revenues

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 plans naval upgrade with acquisition of two advanced submarines

Morocco is reportedly preparing to enhance its naval power by acquiring two advanced submarines, according to a report by Military Africa. The move is part of the North African country's broader strategy to modernize its military and strengthen its ability to address evolving security challenges......

UK plans defence spending increase and aid budget cut

The United Kingdom intends to raise its annual defence budget to 2.5% of GDP by 2027, Prime Minister Keir Starmer announced. This move is part of the UK’s strategy to strengthen Europe’s security. In his speech before departing to meet US President Donald Trump in Washington, Starmer shared......

Transformation at Mohammed VI University Hospital in Marrakech: A New Era for Regional Healthcare

The Mohammed VI University Hospital (CHU) in Marrakech held its regular board meeting on Monday, chaired by the Minister of Health and Social Protection, Amine Tahraoui. This strategic gathering reviewed the achievements of the past year and outlined key projects aligned with Morocco’s national......

USAID Staff Placed on Leave amid Government Downsizing Efforts

The U.S. government has directed the majority of its directly-hired employees at the U.S. Agency for International Development (USAID) to take leave, as part of a broader initiative to significantly reduce the size of federal agencies. Starting Friday, only staff responsible for critical operations,......

India's Groundbreaking Success in Space Docking

India has achieved a historic milestone by successfully docking one satellite onto another, joining a select group of nations with this advanced technological capability. The successful space docking, conducted by the Indian Space Research Organisation (ISRO), was a significant step in advancing India's......

Morocco's Tax Program Nets MAD 6 Billion in Treasury Funds

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......

US Withholds Funding to WADA, Demands Reforms

The United States has decided to withhold a payment of $3.6 million in dues to the World Anti-Doping Agency (WADA) for its failure to conduct an independent audit of its operations, according to the US Anti-Doping Agency (USADA). USADA's CEO, Travis Tygart, expressed full support for the decision,......

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