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Keywords: Budget


Trump Taps Musk to Lead Cost-Cutting Government Reform

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......

Rising military spending hampers 2025 budget negotiations

The negotiation of Spain's 2025 State Budget has faced numerous obstacles, from lack of commitment within the government coalition to tensions with parliamentary allies. Despite some preliminary discussions, there has been no genuine attempt to reach an agreement, either within the PSOE-Sumar coalition......

Akhannouch tightens budgetary controls to curb unnecessary spending

In response to pressing economic challenges and significant ongoing reforms, Morocco's Prime Minister, Aziz Akhannouch, has issued a stern directive to his team, mandating stricter budget management. The primary goal is to limit operational expenditures while optimizing investments. Budgetary discipline......

Morocco sets ambitious goal to reduce budget deficit below 67% by 2027

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 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......

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