President Pavel signed the state budget for this year with a deficit of 310 billion
Czech President Pavel has signed the state budget for the year, registering a significant deficit of 310 billion Czech koruna.
Pleasant surprise regarding the Social Security deficit, finally lower than expected in 2025
The Social Security deficit for 2025 is now projected at 21.6 billion euros, less than the previously expected 23 billion euros, according to the French Social Security Director.
The Lapland Welfare Area Surprised: The Economy Turned to Surplus
The Lapland Welfare Area unexpectedly reported a surplus for the previous year, shifting from a projected deficit of millions.
Montero announces that the deficit closed at 2.5% in 2025 and expects Brussels to deactivate fiscal rules if the war prolongs
Spain's deficit for 2025 has been reported at 2.5% of GDP, as announced by Finance Minister María Jesús Montero, who highlighted compliance with EU commitments without budget cuts.
Concern at SVT Ahead of Major Savings: 'How the Hell is This Going to Work?'
SVT faces a pressing budget deficit of 355 million kronor due to increased costs, primarily stemming from the recent departure of TV4, leading to criticism of the government for not providing clarity on the unexpected expenses.
Lolland Municipality looks forward to a deficit of half a billion kroner
Lolland Municipality is facing a significant economic deficit projected at over half a billion kroner for the coming year.
Saskatchewan to table deficit budget, but Moe promises protection of public services
Saskatchewan’s government is preparing to introduce a deficit budget while ensuring the protection of public services according to Premier Scott Moe.
Quebec to table budget, but minister says don’t expect new big-ticket items
Quebec Finance Minister Eric Girard announced that the upcoming budget will not include new major initiatives as the province seeks to reduce its deficit.
Saskatchewan finance minister says deficit budget aims to protect provincial services
Saskatchewan's finance minister announced a deficit budget that prioritizes protecting provincial services amid global economic challenges.
Danielle Smith hopes to balance Alberta budget even with moderate oil prices
Alberta Premier Danielle Smith aims to balance the province's budget over the next decade despite volatility in oil prices, with immediate projections of a significant deficit based on current oil forecasts.
Cash-strapped N.B. braces for cuts as Premier Holt’s Liberals deliver budget
New Brunswick's Liberal government, led by Premier Susan Holt, is set to announce a budget that may include significant cuts to services due to a projected $1.3 billion deficit for the 2025-26 fiscal year.
To Patch the Budget, Russia is Increasingly 'Looting' Its Future Reserves
Russia is increasingly depleting its financial reserves to manage a growing budget deficit while the Kremlin openly acknowledges the situation.
Mamdani's Tax Attack on the Middle Class: Inheritance Tax up to 50%
New York City Mayor Zohran Mamdani has proposed significant changes to inheritance taxes, lowering the exemption threshold and raising rates, which has sparked considerable backlash.
Goodbye to free parking in New York? What is Mamdani's controversial plan to reduce the deficit
New York Mayor Zohran Mamdani is considering charging for street parking as a way to address the city's significant budget deficit.
January Tax Revenues Decreased, Deficit Was 0.2 Percent of GDP
Estonia's January tax revenue fell significantly compared to last year, resulting in a budget deficit of 0.2 percent of GDP.
Standard and Poor's rating agency raises the outlook of Guinea's sovereign rating
Standard and Poor's has upgraded Guinea's sovereign rating outlook from stable to positive, citing improvements in budget deficit management and rising public revenues.
Financial Forecast for New York Under Socialist Mamdani Downgraded to 'Negative'
Moody's has downgraded New York's financial outlook from 'stable' to 'negative' due to a projected budget deficit of $5.4 billion.
Kremlin plans emergency cuts
The Kremlin is preparing significant budget cuts in response to a substantial deficit, affecting various government departments but excluding defense and social protection spending.
Russia Plans to Significantly Reduce Budget Expenditures
Russia's Finance Ministry plans to reduce government budget expenditures by 10% in 2026 to avoid a deficit amid declining revenues, although military spending and certain protected social expenditures will remain unaffected.
The Social Democrats' pension proposal sends a billion-crown bill into the future
The Social Democrats' pension proposal could lead to a future budget deficit of 21 billion kroner for Denmark.
Danish Industry sees holes in the Social Democrats' proposal
The Social Democrats' extensive pension proposal may contradict their party slogan and lead to significant future budget deficits in Denmark.
The government pushed through the budget in the Chamber with a deficit of 310 billion
The Czech government successfully passed a budget in the Chamber of Deputies, which incurs a significant deficit of 310 billion crowns.
US borrowed $1 trillion in five months
The US government has rapidly increased its debt, borrowing $1 trillion in just five months, leading to growing concerns over sustainability.
N.B. budget: As deficit and living costs soar, so do worries for survival
The rising cost of living in New Brunswick is straining local food banks and increasing concerns as the provincial government prepares its budget amidst a record deficit.
The real budget deficit in Russia is significantly larger than reported; even Moscow has started to save
Russia is facing a much larger budget deficit than officially stated, with measures to curb spending even reaching the capital, Moscow.
Summit in Rome on the budget deficit of Puglia’s healthcare: tax increase hypothesis
A €360 million deficit has raised concerns in Puglia's healthcare department, leading to discussions in Rome about potential tax increases to address the unsustainable spending issues.
Cities at the Limit: "Our Households are Collapsing in Rows"
German cities anticipate a record deficit of over 30 billion euros, leading to discussions on municipal finance reform.
Russia's budget has a billion-dollar hole - the only escape would be a prolonged war in Iran
Russia's oil and gas revenues have decreased nearly by half in the first two months of the year, with the budget deficit rising sharply as state expenditures remain high.
The Russian government no longer hides problems with money; regions have already begun to slash recently adopted budgets
Russia's government admits to severe financial issues, with regions cutting their newly approved budgets despite assurances of a manageable deficit.
Senegal will abolish 19 public agencies and aims for 83.8 million euros in savings over three years
Senegal plans to eliminate 19 public agencies in an effort to save 83.8 million euros amidst a significant budget deficit.
‘Can’t run a deficit’: Calgary businesses prepare for incoming property tax hike
Calgary businesses are bracing for a significant rise in property taxes due to recent provincial budget changes.
The End of Myths about the VAT Gap. The Government Will Not Gain Billions
The article discusses the limitations and misconceptions surrounding the VAT gap in Poland and its impact on the state budget.
Nova Scotia premier defends budget cuts, calls it ‘sad reality’ of finances
Nova Scotia Premier Tim Houston faced criticism and protests as he defended budget cuts, attributing them to the province's significant deficit.
German intelligence estimates Russia's budget deficit at far higher level than official data
German intelligence estimates that Russia's actual budget deficit is significantly higher than what is officially reported, indicating serious economic issues.
Germany's Intelligence Reveals the Truth: How Bad Things Are for Russia
Germany's BND estimates that Russia's federal budget deficit will reach 8.01 trillion rubles, significantly higher than official figures, amidst the impacts of Western sanctions.
Finance Ministry Suspends March FX and Gold Operations to Adjust ‘Budget Rule’
Russia's Finance Ministry has announced a suspension of foreign currency and gold transactions in March as it revises the oil price benchmark for its budget rule due to a significant budget deficit.
Health care, deficit expected to be focus of Manitoba legislature spring sitting
Health care and budget deficits are set to dominate the discussions in the upcoming Manitoba legislature spring session, with significant legislative proposals from the NDP government.
Minja Koskela's Serious Accusations Against the Government
Minja Koskela, the chair of the Left Alliance, accuses Prime Minister Petteri Orpo's government of a significant collapse in tax revenues which is expected to lead to an increased budget deficit in the coming years.
Deficit lower than planned, but the problem has not disappeared. What’s next for the state finances?
Poland's state budget deficit for 2025 was significantly lower than anticipated due to lower-than-expected revenue collection, raising concerns about future public finances.
The budget had a deficit of 16.9 billion crowns at the end of February, influenced by a provisional situation
The article discusses a deficit in the Czech budget amounting to 16.9 billion crowns as of the end of February, attributed to provisional budgetary conditions.
Saskatchewan legislative session returns with deficit budget looming
Saskatchewan's legislature opens for its spring session, facing a looming deficit budget due to revenue shortfalls linked to trade issues.
The War on Iran: Israel Counts Its Losses and Budget Deficit Expected to Worsen
Israel is assessing the financial costs of its war with Iran, reporting initial damages while preparing for a significant budget deficit.
Matias Marttinen's stern warning – Cautions against Antti Lindtman's remarks
Finnish Minister Matias Marttinen has been appointed to lead a new working group focused on government growth and employment initiatives, as concerns over the country's financial deficit grow.
IMF approves $8.1 billion loan for Kiev
The IMF has approved an $8.1 billion loan for Ukraine to help address its acute budget deficit amid ongoing financial challenges, although additional support from other donors remains uncertain.
Alberta budget has minister asking: ‘Is this the right tax structure for the province?’
The Alberta finance minister is prompting citizens to consider the province's tax structure amid a projected $9.4 billion deficit in the 2026 budget.
Alberta finance minister hits the road in attempt to sell 2026 provincial budget
Alberta's finance minister promotes the new provincial budget, highlighting its high spending and significant deficit as necessary for economic stability amid challenging financial conditions.
IMF approves $8 billion loan to Ukraine
The International Monetary Fund has approved an $8.1 billion loan to Ukraine over four years to support its budget deficit and macroeconomic stability amidst continued conflict.
Russia's Budget Problems Have Reached the Province - Such a Deficit Has Never Been Seen Before
Russia's regional budget deficit has increased to over 16 billion euros, the highest recorded, affecting 74 regions by the end of 2025.
Budget Shortage in Russian Provinces
Russia's regional budget deficit has surged to over €16 billion as of 2025, marking a historical high and revealing a growing financial crisis in several provinces.
The International Monetary Fund approves an 8 billion USD loan to Ukraine
The International Monetary Fund has approved an 8 billion USD loan to Ukraine to help finance its budget deficit and support macroeconomic stability.