Keywords: Government spending
Elon Musk has described the prospect of US public debt reaching $50 trillion as a serious warning for the American economy, endorsing a social media post that predicted severe consequences if government borrowing continues to rise. The SpaceX chief responded on X to a post featuring a chart projecting......
Morocco has been included among the governments that met the minimum financial transparency standards set by the U.S. Department of State, according to the 2026 Fiscal Transparency Report. The assessment highlights differences across North Africa, with Algeria and Egypt falling short of the required......
Morocco’s budget deficit improved during the first seven months of 2026, falling by 5.5 billion dirhams compared with the same period a year earlier, according to figures released by the General Treasury of the Kingdom (TGR). By the end of July, the deficit stood at 48 billion dirhams, down from......
Russia’s economy expanded by 1.3% in the second quarter of 2026, supported by government spending, stronger consumer activity and contributions from several key industries, according to Economic Development Minister Maxim Reshetnikov. The latest figure marks a significant improvement from the......
American media personality Tucker Carlson has raised concerns about the financial situation of the United States, arguing that the country's growing debt burden reflects a deeper structural problem in the national economy. In comments reported by Russian media, Carlson described the United States......
Bulgaria's parliament has approved the country's long-awaited 2026 budget, setting out plans for a larger fiscal deficit as the government seeks to support economic growth following months of political uncertainty. The budget projects the deficit to reach 5.7% of gross domestic product (GDP)......
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......
Israel’s next government will need to take urgent steps to contain the country’s growing debt burden and rebalance public spending, Bank of Israel Governor Amir Yaron said on Wednesday. Speaking ahead of the country’s upcoming general election, Yaron warned that continued growth in......
France’s unemployment insurance agency has called on the government to refrain from making any additional withdrawals from the country’s unemployment insurance fund, warning that such measures could undermine efforts to reduce debt and maintain financial stability. The appeal comes as updated......
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