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Keywords: Budget
Taiwan’s opposition parties have again blocked a sweeping defense spending plan, intensifying political deadlock at a moment of rising military pressure from China. Lawmakers from the Kuomintang and the Taiwan People’s Party used their combined legislative majority to prevent a special defense......
Paris, December 27, 2025 — President Emmanuel Macron has promulgated a special law allowing the French government to continue financing the state for 2026 despite the absence of an official budget, according to the Journal Officiel on Saturday. This legislative tool, previously used after the......
Colombian President Gustavo Petro has declared a 30-day state of economic emergency, seeking to introduce new taxes after Congress rejected a proposed fiscal reform intended to finance the country’s 2026 budget. With eight months remaining in his term, the first left-wing president in Colombia’s......
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......
