After million-dollar loss in Banco Master fund, IPREM reveals annual deficit of R$ 17.5 million in Pouso Alegre, MG
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.
Public accounts have a surplus exceeding R$ 100 billion in January; but federal state-owned companies report deterioration with a deficit of R$ 3.33 billion
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.
Editorial: A Terrible Picture of Finland Revealed – Soon Everyone Will Notice
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.
The State of the Public Finances - Purra: The Figures are Shocking
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.
Romania will eliminate 10% of public sector jobs
Romanian Prime Minister Ilie Bolojan has announced plans to cut 10% of public sector jobs in order to reduce the national budget deficit.
Romania will eliminate 10% of public sector jobs
Romania's Prime Minister has proposed cutting 10% of public sector jobs, affecting approximately 13,000 employees by 2027.
To 119 billion euros: Germany's public deficit has indeed increased in 2025
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.
At 119 billion euros: Germany's state deficit has indeed increased in 2025
Germany's state deficit rose to 119 billion euros in 2025, exceeding previous estimates by about 12 billion euros.
Romania is laying off 10 percent of public sector employees
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.
Premier defends Nova Scotia budget as critics continue to speak out
Nova Scotia Premier Tim Houston defends the provincial budget amidst criticism over cuts to public services and a substantial deficit.
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.
Sree Kochugovindan (Aberdeen): "It makes sense for Lagarde to resign before her term ends"
Sree Kochugovindan believes that Christine Lagarde's premature resignation from the ECB presidency could stabilize investor sentiment amidst geopolitical and electoral uncertainties.
Tough sell for B.C. budget featuring tax hike, record deficit and construction delays
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.
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.
Health, education, public safety to be protected in B.C. budget, Minister Bailey says
British Columbia's Finance Minister Brenda Bailey outlines a disciplined budget prioritizing health, education, and public safety amid economic challenges and a significant deficit.
Need "some hundreds of millions a year" to operate current public transport in the countryside
Iceland's public transport system in rural areas is facing a financial shortfall requiring hundreds of millions annually to operate effectively.
Pemex, the fiscal burden that hinders Mexico: Moody's
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.
Child with Tourette's and ADHD is expelled from school in Fortaleza, and public prosecutor tries to reverse the case
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: "Contrary to what the government predicts, we will exceed a 5% deficit in 2026"
Agnès Verdier-Molinié argues that France will face a public deficit exceeding 5% by 2026, contrary to government forecasts, pointing to revenue overestimations.
The challenge of recovering lost fiscal space
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.
Fiscal Crisis
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.
SEPI will grant RTVE a participatory loan of 700 million euros to 'rescue it' from the VAT hole
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.
"We are choosing seniors over youth": the Governor of the Bank of France fears a "suffocation" of the country
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.
The worst Split with a 47% deficit in local government
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.