Keywords: Budget deficit
The Italian government is set to introduce a new package of measures aimed at limiting the impact of soaring fuel prices, as rising energy costs place increasing pressure on households, businesses and the country's public finances. The proposals, expected to be approved by the cabinet in Rome, come......
Morocco recorded a significant improvement in its public finances during the first half of 2026, with the national budget deficit shrinking by more than one-fifth compared with the same period last year. The latest Treasury Revenue and Expenditure Report released by the Ministry of Economy and Finance......
Kenya expects its budget deficit to decline significantly in the 2027/28 fiscal year, as the government projects improved fiscal management and stronger economic performance, according to a senior official from the Finance Ministry. Chris Kiptoo, Principal Secretary at the Finance Ministry, said the......
French budget rapporteur Philippe Juvin has warned that France's public deficit could climb to 7% of gross domestic product by 2030 unless the government adopts deeper spending reforms, arguing that fiscal consolidation should rely on expenditure cuts rather than higher taxes. His comments come......
Morocco’s government has approved MAD 20 billion in additional budget credits to finance subsidies, support public institutions, address emergency spending, and respond to recent flood damage in northern parts of the country. The measures were presented before the Finance and Economic Development......
Morocco recorded a budget deficit of MAD 15.5 billion by the end of April 2026, widening from MAD 11.8 billion during the same period a year earlier as public spending continued to accelerate despite stronger tax collection. The latest public finance data showed that rising operating and investment expenditures......
Germany is facing increasing financial pressure after the country’s council of tax experts lowered its forecast for tax revenues between 2026 and 2030. The revised estimates are expected to place additional strain on the federal budget at a time when the government is already dealing with slower......
Italy has urged the European Commission to allow greater flexibility in budget rules so that energy-related spending can be treated similarly to defence expenditures. The proposal reflects mounting pressure on European governments to address rising energy costs affecting households and businesses. Italian......
Former head of France’s Court of Auditors and current member of the European Court of Auditors, Pierre Moscovici, has warned that France has exhausted its fiscal flexibility amid rising energy prices linked to the ongoing Middle East conflict. In an interview, Moscovici stressed that the country......
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