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.
I. Ruginiene - makeup at the expense of the state: it has been revealed how much was spent
Lithuania's Government Office confirmed that 280 euros were spent for makeup services for Prime Minister I. Ruginiene for official events.
Expert: The next government faces a difficult task - billion-euro adjustments must be made as genuine savings
Professor Roope Uusitalo states that Finland's next government will face significant budgetary challenges requiring 8-11 billion euros in genuine savings or revenue increases.
Senate approves tax reduction costing R$ 3.1 billion and benefiting Braskem
The Brazilian Senate has approved a temporary reduction in taxes for the chemical and petrochemical industries, primarily benefiting the company Braskem, at a cost of R$ 3.1 billion to public finances.
South Africa: 2026 Budget Speech a 'Turning Point' - Godongwana
South Africa's Finance Minister Enoch Godongwana delivered a pivotal 2026 Budget Speech, emphasizing a turning point in managing the country's public finances amidst previous crises.
Chilling estimates from economists about upcoming cuts: 'Vicious circle'
Economists provide alarming forecasts regarding necessary budget cuts in Finland, reflecting skepticism about government growth projections and fiscal strategies.
Does the Oil Law Help Pemex?
The article discusses the increased financial burden on Pemex due to the new Oil Law, highlighting a significant rise in payments compared to previous taxation conditions.
Now comes the trimming: Up to 11 billion in adjustments ahead
A parliamentary report details the need for Finland to make adjustments of 8 to 11 billion euros by 2031 to curb public debt.
The debt brake working group announces its adjustment targets for the coming years
Finland's parliamentary debt brake working group is set to reveal its targets for public finances during the upcoming years from 2027 to 2033.
Central Contract Register – public finances under control
The article promotes a special offer for a subscription to PRO.RP.PL, which includes full access to The New York Times.
The new president of the Court of Auditors Amélie de Montchalin will abstain from debates on public finances 2025
Amélie de Montchalin, the newly appointed president of the Court of Auditors, will refrain from participating in discussions concerning the 2025 public finances to avoid potential conflicts of interest.
Africa: Africa's Public Finances Are in a Mess - a New Book Explains Why and What to Do
Lyla Latif's new book critiques Africa's public finance systems and proposes solutions to the challenges faced in managing public money.
A report by MP Jean-René Cazeneuve confirms the good health of municipal finances
A report by Jean-René Cazeneuve highlights the positive state of municipal finances in France ahead of the local elections.
DRC: After an alert from the IMF, Félix Tshisekedi launches an audit of civil servant salaries
President Félix Tshisekedi of the DRC has initiated an audit of civil servant salaries following an IMF warning about the unsustainable wage bill exceeding half of the state's budget.
Treasury refinances 175 billion 648 million pesos and extends the debt term by 6.6 years
Mexico's Ministry of Finance refinanced a total of 175 billion 648 million pesos, extending the maturity of the debt as part of its strategy to improve public debt conditions.
News in California: Newsom finances an emergency measure, victims of the avalanche in Lake Tahoe identified, and other reports on February 20, 2026
California Governor Gavin Newsom has announced an emergency loan of $590 million to support public transportation in the Bay Area, as national news includes legal challenges to Donald Trump's tariffs and the entertainment industry's mourning over actor Eric Dane's death.
Brighter UK economy gives Reeves a springboard for March statement
The UK's economy shows signs of robust recovery, bolstered by record public finances, increased retail spending, and growing business activity, boosting optimism ahead of Chancellor Rachel Reeves's spring statement.
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.
Rachel Reeves boost could mean end of tax rises
Rachel Reeves has received a significant financial boost for public finances, leading to optimism regarding the avoidance of further tax increases in the UK.
UK reports record-breaking budget surplus of £30.4bn in surprise boost for Rachel Reeves
The UK government has reported a record budget surplus of £30.4 billion for January, driven by increased tax receipts, marking a significant improvement in public finances.
TCU consolidates data on task force that monitors state-owned companies at risk to public accounts
The Brazilian TCU is consolidating data on a task force monitoring nine state-owned enterprises identified as fiscal risks to public finances.
Equalization of Financial Resources between States: We are Solidary, but We Have Nothing to Give Away
The article discusses the need for reforms in the German equalization payment system among states, emphasizing that solidarity must come with accountability and necessary changes.
Boost for chancellor as UK public finances see record-breaking surplus of £XXbn
The UK government recorded a historic surplus in January, significantly exceeding expectations and boosting Chancellor Rachel Reeves ahead of her upcoming spring statement.
Jean-Pierre Robin: "France has entered the era of cacocracy, 'the government of bad people'"
Jean-Pierre Robin criticizes the current state of France's public finances, suggesting the country is experiencing poor governance since World War II.
Profile: This Guardian of State Finances is Unfireable - Until 2054
Amélie de Montchalin has been appointed as the Première Présidente of the Cour des Comptes, ensuring financial oversight in France until 2054, marking a significant moment as she is the first woman to hold this position.
Climate-related disasters can increase debt costs
Climate change impacts public finances in various ways, leading to higher costs associated with state debt.
Experts from the NBS warn against the Greek path. According to Kamenický, they are harming the state
Experts from the National Bank of Slovakia (NBS) warn that Slovakia's public finance situation is reminiscent of Greece before its crisis, prompting concerns about future fiscal stability.
YASunidos alerts of political persecution due to complaint being processed in the Electoral Controversy Tribunal
The environmental group YASunidos claims political persecution related to an electoral complaint regarding their campaign finances for a 2023 public consultation.
Editorial: The Next Government Will Face a Major Renovation Ahead
The next Finnish government is set to tackle significant infrastructure reforms amid delays in transportation funding and taxation changes.
Mamdani proposes cutting NYPD budget, canceling 5K new officer hires
New York City Mayor Zohran Mamdani proposes cutting the NYPD budget and canceling plans to hire 5,000 new officers in an effort to streamline the city's finances.
Consequences of the Welfare State
The current sick leave system in Norway is deemed unfair and ineffective for the most vulnerable, necessitating reform to avoid negative outcomes for workers and public finances.
Pain treatment in hospitals. NFZ detects irregularities. Behind it are the finances
The National Health Fund (NFZ) has uncovered financial irregularities in pain treatment services in several hospitals, indicating unnecessary use of public funds.
DRC: the IMF denounces an explosion of the payroll in the administration that weakens finances
The IMF has raised concerns about a significant increase in public sector salaries in the Democratic Republic of Congo, warning that it poses a major fiscal risk and urges prompt structural reforms.
Reps direct Accountant-General, Auditor-General to submit four years’ FG financial statements
The Nigerian House of Representatives has directed the Accountant-General and Auditor-General to submit the federal government's consolidated financial statements for the years 2023 to 2025 by October 2026, addressing delays in financial reporting.
Research on Hydrocarbons: 40% of the Revenues Will Benefit the Public Sector
Greece is set to welcome significant investments in hydrocarbon exploration, potentially reaching 1 billion euros by 2027-2032, benefiting public finances substantially.
The basic component of social assistance for single residents decreases by almost 20 euros in March
In March, the basic component of social assistance for single residents in Finland will be reduced by nearly 20 euros due to cuts in public finances introduced by Prime Minister Petteri Orpo's government.
Now a glimpse of a new pension cut – "Very likely"
Finnish officials discuss the potential for pension cuts as a measure to strengthen public finances, with a focus on modifications to pension index adjustments.
‘After 18 Years of Stagnation' Wirye-Sinsa Line to Be Built with Seoul City's Finances
Seoul City will directly pursue the long-delayed Wirye-Sinsa light rail project with its own finances after receiving final approval from the Ministry of Land, Infrastructure and Transport.
Financial Time Bomb, Mistake, or Timely Justice Issue?
The article discusses the contentious financial proposal in Iceland, highlighting various expert opinions on its sustainability and impact on public finances.
Editorial: There Is Room for Pension Cuts Too – If Political Courage Can Be Found
The Finnish pension system, often perceived as rigid, is undergoing discussions for a new reform amid concerns over the adequacy of previous changes.
Taxes vs. Benefits for Migrants: The Study That Reveals the Reality of How Much Foreigners Contribute in the U.S.
A recent study shows that immigrants in the U.S. have contributed $14.5 trillion to the fiscal surplus over the past three decades, countering the narrative that they are a burden on public finances.
Haddad says Bolsonaro 'raped' public accounts and that the opposition will have work to criticize the economy
Finance Minister Fernando Haddad criticized former President Jair Bolsonaro, claiming his administration's fiscal policies severely damaged public finances, and argued that the Workers' Party should leverage this to explain the economic situation inherited from the past government.
Against tax evasion: 2.4 million letters
The Italian government's approach to combating tax evasion is supported by simulations from the Parliamentary Budget Office, predicting significant increases in tax revenue and a decrease in the debt-to-GDP ratio by 2028.
Region Stockholm's unexpected billion-dollar profit: 'Strongest finances ever'
Region Stockholm has announced a record profit of 5.1 billion kronor for 2025, prompting promises of increased hiring in healthcare and significant investments in public transport this year.
Assessment of pensions: "Sacred cows will have to be sacrificed"
The government is unlikely to initiate significant changes to pensions, but discussions will continue due to the current state of public finances, according to journalist Olli Kuivaniemi.
Intense dispute over 1.4 billion euros – SDP's Tuppurainen says: 'Like a black hole'
A significant disagreement has arisen regarding the need to adjust the public finances by 1.4 billion euros, with comments from SDP's Tuppurainen likening the situation to a black hole.
Removal of pension accumulations from study and unemployment periods would reduce high earners' pensions by up to hundreds of euros
The Economic Policy Council discussed the potential removal of pension accumulations from unpaid periods, such as parental leave and unemployment, as a measure to balance public finances.
Ministry of National Economy: Payments on Time - How €1 Billion of Its 2025 Budget Was Spent
The Ministry of National Economy reports timely payments and effective spending of its €1 billion budget for 2025, showcasing fiscal responsibility and benefits for public finances.
A comprehensive overview of changes in corporate taxes from January 2026
The article discusses significant corporate tax changes in Slovakia effective from January 2026, highlighting both serious implications and lighter regulations such as new notification requirements for retailers.
Poland has entered the economic elite, but old assets no longer work
The article discusses Poland's rise to economic elite status amid challenges such as declining birth rates and pressures on labor markets and public finances.