Debt brake documents reveal: here are Finland's targets
A parliamentary working group in Finland proposes a public sector deficit target of 2-2.5% of GDP by 2031, requiring significant fiscal adjustments amidst uncertainty.
Yle: Left Alliance Excluded from Debt Brake Agreement
The Left Alliance in Finland has been excluded from the debt brake agreement due to concerns regarding a proposed deficit target.
RECORD ⟩ Russia's state budget deficit in January constituted half of the annual target
In January, Russia's state budget deficit reached 1.718 trillion rubles, nearly half of the annual deficit target, primarily due to a sharp decline in energy revenues.
Kremlin's dismal economic figures
According to the Russian Ministry of Finance, the budget deficit surged to 1.7 trillion rubles in January, almost half of the Kremlin's annual deficit target, due to a 50% drop in oil and gas revenue and falling prices for Russian oil.
When meeting the fiscal target is useless
The Brazilian National Treasury reported a fiscal deficit despite accounting for a surplus in revenues over expenditures, raising concerns about the real financial state under the Lula administration.