COGNICURRENT

Moody's has maintained Poland's credit rating and outlook despite concerns over public debt and deficit forecasts.

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.

Saskatchewan’s government is preparing to introduce a deficit budget while ensuring the protection of public services according to Premier Scott Moe.

Slovak Finance Minister Ladislav Kamenický faces the challenge every year of creating a consolidation package that saves millions for the state while reducing the deficit and preventing uncontrolled debt growth.

Fernando Haddad, Brazil's Minister of Finance, challenges his predecessors to debate the state of Brazil's public finances as he prepares to leave the government for this year's elections.

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.

Senegal plans to eliminate 19 public agencies in an effort to save 83.8 million euros amidst a significant budget deficit.

The article discusses the limitations and misconceptions surrounding the VAT gap in Poland and its impact on the state budget.

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.

Recent data indicates that Italy's GDP-debt ratio is projected to be 3.1% in 2025, preventing the country from exiting the EU's excessive deficit procedure.

The Municipal Pension Institute of Pouso Alegre (IPREM) disclosed a significant annual deficit and financial imbalance during a public hearing following substantial losses related to a property fund tied to Banco Master.

Brazil's public accounts recorded a primary surplus of R$ 103.7 billion in January, but federal state-owned enterprises saw a significant decline with a deficit of R$ 3.33 billion.

This editorial discusses the alarming financial situation in Finland, highlighting an agreement among almost all political parties to reduce the public deficit, with expected deficits reaching staggering amounts in the coming years.

Finland's Minister of Finance, Riikka Purra, highlights the alarming projected public deficit of €14.9 billion annually over the next four years and calls for a minimum of €10 billion in corrective measures.

Romanian Prime Minister Ilie Bolojan has announced plans to cut 10% of public sector jobs in order to reduce the national budget deficit.

Romania's Prime Minister has proposed cutting 10% of public sector jobs, affecting approximately 13,000 employees by 2027.

Germany's public deficit has increased to 119.1 billion euros for 2025, surpassing earlier estimates by about 12 billion euros, with significant contributions from the federal government.

Germany's state deficit rose to 119 billion euros in 2025, exceeding previous estimates by about 12 billion euros.

Romanian Prime Minister Ilie Bolojan has announced a 10% reduction in public sector employees as part of austerity measures to mitigate the country's significant budget deficit.

Nova Scotia Premier Tim Houston defends the provincial budget amidst criticism over cuts to public services and a substantial deficit.

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.

Sree Kochugovindan believes that Christine Lagarde's premature resignation from the ECB presidency could stabilize investor sentiment amidst geopolitical and electoral uncertainties.

British Columbia's budget proposal is facing criticism due to significant tax increases, a soaring deficit, and cuts in public sector jobs amid ongoing construction delays.

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.

British Columbia's Finance Minister Brenda Bailey outlines a disciplined budget prioritizing health, education, and public safety amid economic challenges and a significant deficit.

Iceland's public transport system in rural areas is facing a financial shortfall requiring hundreds of millions annually to operate effectively.

According to a Moody's report, the financial rescue of Pemex has become the main obstacle for Mexico's fiscal consolidation, affecting the deficit and public debt.

An 11-year-old boy with Tourette's Syndrome and Attention Deficit Hyperactivity Disorder (ADHD) was expelled from a private school in Fortaleza, leading the Ceará Public Prosecutor's Office to intervene and demand his reinstatement.

Agnès Verdier-Molinié argues that France will face a public deficit exceeding 5% by 2026, contrary to government forecasts, pointing to revenue overestimations.

In 2025, Mexico undertook significant fiscal consolidation, reducing the public finance deficit from 5.8% to 4.8% of GDP, according to the Secretary of Finance, Edgar Amador.

Despite a slightly better than expected GDP report, the public finance data for 2025 reveals a critical situation with a public deficit reaching -4.8% of GDP, yet celebrations are occurring.

The State Society of Industrial Participations (SEPI) is providing RTVE with a 700 million euro participatory loan to prevent the public broadcasting corporation from facing dissolution due to a long-standing VAT deficit.

The Governor of the Bank of France, François Villeroy de Galhau, warns of a potential 'suffocation' of the country unless there is a budget for 2026 with a public deficit capped at a maximum of 5% of GDP.

From 2019 to 2024, total revenues of local units almost doubled, yet significant disparities remain among individual municipalities, cities, and counties, according to an analysis by the Institute for Public Finance.