Keywords: Budget
Russia revealed for the first time that its direct expenditure on the war in Ukraine will surpass $137 billion in 2025, a disclosure that sheds light on the mounting fiscal burden of the prolonged conflict. Defense Minister Andrey Belousov announced that the country will allocate 11.1 trillion rubles......
The French Development Agency (AFD) significantly reduced its financial commitments in Africa in 2025, scaling back its interventions on the continent by nearly one third, according to statements made by its management this week. Despite maintaining an overall investment volume comparable to the previous......
Taiwan has unveiled a historic $40 billion US dollar (1.25 trillion New Taiwan dollar) supplementary defence budget covering the next eight years, a move President Lai Ching-te described as a commitment to protecting the island’s democracy. “Investing in defence is investing in security......
U.K. Chancellor of the Exchequer Rachel Reeves is preparing to unveil her second budget on Wednesday, signaling that further tax rises will be required to cover a significant shortfall in public finances. The combination of sluggish economic growth and mounting spending obligations has put renewed pressure......
France’s National Assembly overwhelmingly rejected the revenue portion of the 2026 budget on Saturday, deepening uncertainty over whether a politically fractured parliament can agree on deficit-cutting measures before the year’s end. The rejected section, focused primarily on taxation, now......
The Spanish government will raise its economic growth forecast for 2025 by two-tenths of a percentage point, bringing the projected GDP growth to 2.9%, sources from the Ministry of Economy confirmed to EFE on Monday. Minister of Economy, Carlos Cuerpo, will present the updated macroeconomic......
French Overseas Minister Naïma Moutchou has postponed her planned visit to New Caledonia due to urgent budgetary deadlines in Paris, the ministry announced Saturday. The trip, initially scheduled for early next week, was meant to address the ongoing institutional and political challenges on the......
The United States is facing a potential economic reckoning as its national debt surpasses an unprecedented $38 trillion, according to warnings from David Solomon, CEO of Goldman Sachs. Speaking at the Economic Club of Washington, Solomon emphasized the critical need for sustained economic growth to address......
The United States government remains at a standstill as a budget impasse in Congress has kept it partially shut down since October 1, 2025. Former President Donald Trump has called for abolishing the Senate rule requiring a 60-vote supermajority to pass legislation, commonly known as the filibuster.......
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