Russia’s Regions Post Largest-Ever Budget Deficit in 2025
Russian regions reported a record budget deficit of 1.48 trillion rubles ($19.22 billion) in 2025, largely due to increasing expenditures outpacing revenue growth.
SAM: the state will finance more medical study places
The Lithuanian government plans to increase funding for medical study places to encourage healthcare professionals to work in regional areas.
Who can conclude a loan agreement with the village mayor for his vehicle?
The article discusses the legality of loan agreements involving the private vehicle of a village mayor for official purposes, following scrutiny from the Regional Chamber of Audit regarding such agreements.
Iceland's contributions significantly lower than all other Nordic countries
Iceland's financial contributions lag behind those of its Nordic neighbors.
Krauklis: The new funding model will ensure better service availability
The new municipal financial equalization model proposed by Latvia's Ministry of Finance is expected to slow down the disparity between wealthy and impoverished municipalities, according to Vents Armands Krauklis.
Tell me which state you live in and I'll tell you how much you owe... for public debt
As of September 2025, Mexico's public debt among its states reached over 689 billion pesos, with significant per capita debt especially in six states.
Mexico will seek to activate a work route on capital development and investment attraction
Mexico plans to reactivate dialogue with finance ministers of Pacific Alliance member countries to develop strategies for attracting investments and financing for infrastructure following its pro tempore presidency in 2026.
Indonesia turns to digital finance to reach unbanked population
Indonesia is leveraging digital finance solutions to enhance banking access for its unbanked population, focusing on regional collaborations and international partnerships.
The Economy Counselor of Illa acknowledges that the new regional financing "clearly favors" Catalonia
Catalonia's Economy Counselor, Alícia Romero, admits that the new regional financing model significantly benefits Catalonia while criticizing fiscal dumping practices from other regions.
Lula also sows doubts about states and municipalities
Brazilian state and municipal finances are under federal oversight due to a long history of fiscal irresponsibility, affecting regional governments' ability to finance their operations.
According to Ukrainian intelligence, China is deepening its financial partnership with Russia
Ukraine's foreign intelligence service reports that China is increasingly relying on Russia as an economic and financial partner amid growing regional debt problems.
Montero announces that the new funding system will be voluntary
Minister of Finance María Jesús Montero announced that communities will have the option to voluntarily adopt the new regional financing model or retain the current one.
Montero's rejection of criticism of her funding reform: 'This is voluntary, if someone doesn't want it, they can stay with the current one'
Spanish Minister of Finance María Jesús Montero dismisses substantial changes to her funding reform proposal amid criticisms from regional governments, stating it is voluntary for those who prefer the current system.
"People's bonds": Russia launches mechanism to extract money from ordinary Russians – Ukrainian intelligence
Russia is introducing a new initiative called "people's bonds" aimed at extracting money from everyday citizens to fund regional projects, as reported by Ukrainian intelligence.
Finance and communities prepare for a heated meeting with Catalonia in focus
Finance Minister María Jesús Montero will present the regional financing system reform proposal to the autonomous communities amid tensions with Catalonia.
Sánchez met secretly twice with Junqueras to negotiate regional funding
Spanish Prime Minister Pedro Sánchez held two secret meetings with ERC leader Oriol Junqueras to negotiate a new regional funding system, prior to their public meeting.
Where does the money come from? Who earns more? Questions and answers about the new funding model
The Spanish Minister of Finance, María Jesús Montero, is attempting to implement a new complex autonomous funding model aimed at providing greater resources for regional governments to strengthen the welfare state.
Ayuso accuses Sánchez of punishing Madrid to 'finance the independentist party'
Ayuso's government accuses Sánchez of punishing Madrid through the new regional financing system to benefit the independentist movement, which the Economy Minister vows to oppose.
Montero proposes increasing the allocation of personal income tax and VAT to communities to improve regional financing
Minister of Finance María Jesús Montero has announced a proposal to reform the regional financing system, aiming to allocate an additional €21 billion to communities by 2027.
The Government proposes to increase the transfer of income tax and VAT to the communities: "This model is more solidarity-based than the current one"
The Spanish government plans to increase the transfer of income tax and VAT to regional communities significantly, aiming to provide an additional €21 billion in resources.
Communities Will Massively Return to the Markets in 2026 to Finance Their Debt
Regional communities in Spain are expected to return to the financial markets in 2026 to cover half of their funding needs with private capital following government restrictions on liquidity funds.
Teacher and ATA Salary: January 2026 Amount Now Online on NoiPA. No Arrears (for now)
The January 2026 salary amount for teachers and ATA staff is available online on NoiPA, with no last-minute changes or arrears reported, although regional and municipal taxes will begin to apply in March 2026.