Keywords: Budget deficit
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......
France unveiled its fourth government of 2024 on Monday, as newly appointed Prime Minister François Bayrou faces immediate challenges including potential no-confidence votes and pressing budget negotiations amid ongoing political turmoil. The 34-member cabinet announcement comes in the wake of......
On Wednesday afternoon, the French National Assembly will hold a crucial vote of no confidence against the government of Prime Minister Michel Barnier, as reported by parliamentary sources. The motion, presented by the left-wing alliance, is expected to gain significant support, particularly after the......
Rising Government Spending Overshadows Revenue Gains As of July 2024, Morocco's budget deficit has expanded to MAD 35.2 billion ($3.56 billion), up from MAD 27.7 billion ($2.8 billion) in the same period last year, according to the Treasury General of the Kingdom (TGR). The deficit includes a positive......
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