These areas are threatened by the feared procedure
At least 13 regions in Finland are seeking additional time to cover accumulated deficits, with some facing restrictions on their decision-making authority due to financial challenges.
Danielle Smith's warning about major deficits in upcoming budget are the rule, not the exception, in Alberta
Alberta Premier Danielle Smith warned of significant budget deficits ahead, marking a recurring issue for the province, which has faced budget shortfalls in 13 of the last 18 years.
Five graphs show how Russia's economy and living standards are deteriorating after four years of war
The article discusses the deteriorating state of the Russian economy and living standards after four years of conflict, highlighting significant budget deficits and declining oil and gas revenues.
Nova Scotia budget set to be delivered, with spending cuts expected
Nova Scotia's Finance Minister is set to present a budget that anticipates significant spending cuts and service reductions due to rising deficits.
The Budget Council warns that new European rules will allow Fico's government high deficits without consolidation
Slovakia may meet European budgetary rules even with a deficit of 6% in an election year, raising concerns over fiscal responsibility under new rules.
In the United States, the worrying trajectory of public finances
The Congressional Budget Office (CBO) has raised alarms about the rising national debt and its implications for future deficits and interest payments in the United States.
IL's information: Left Alliance out of debt brake agreement
The Left Alliance has announced its withdrawal from a parliamentary agreement regarding deficit targets, citing excessive anticipated deficits.
Provinces are bracing for record deficits. What’s causing budgets to see red?
Canadian provinces are facing unprecedented budget deficits driven by economic uncertainty, trade tensions, and labor force challenges.
5 things to know about B.C.’s 2026 budget
B.C. Finance Minister Brenda Bailey has unveiled a budget for 2026 that significantly raises the province's deficit while projecting a path of declining deficits in future years.
Germany Blog: DIW President Anticipates VAT Increase to 21 Percent
Marcel Fratzscher, the President of the German Institute for Economic Research, expects the German government to raise the VAT to 21 percent to fill budget gaps.
Australia news live: big supermarkets in court showdown with competition watchdog over claims of fake discounts
Labor claims the federal budget would be $14bn worse if the Coalition had won the 2025 election, with deficits leading to increased debt and interest payments.
Alberta premier warns 'significant' deficits to come, rules out tax hikes or big cuts
Alberta Premier Danielle Smith anticipates substantial deficits for the province due to low oil prices but has dismissed tax increases and major service cuts.
It’s much worse than Russia expected. The surprised Kremlin will soon exhaust its reserves
Russia's economy is facing serious problems as state revenues plummet due to low oil prices and lack of interest from India, with budget deficits potentially tripling forecasts by 2026.
Analysis: A Surprising Turn? Isamaa Has Started Discussing Budget Deficits Instead of Taxes
Isamaa party leader Urmas Reinsalu suggests that rather than a campaign platform, their focus on budget deficits is a response to the current economic crisis and a signal for potential actions leading to the 2027 elections.
Guillaume Tabard: 'Find a solution on the budget without increasing the abandonments'
In this commentary, Guillaume Tabard discusses the urgent need to resolve the budget issue without exacerbating political abandonments, highlighting that the current budgetary law is not expected to positively impact the economy or reduce deficits, but merely to avert a political crisis.
District Administrators on the Situation of Municipalities: 'This Drives Us into Collapse'
Kay Ruge, the new CEO of the German District Association, discusses the ongoing financial crisis of municipalities facing deficits exceeding 30 billion euros per year.
Rising Social Contributions: A Real Tax Relief Would Be Just
The article discusses the promised tax relief by the government amid rising social contributions and significant budget deficits, questioning the credibility of these promises.