Egypt targets 5% primary surplus as it moves to rein in debt – FinMin
Egypt plans to deliver its largest-ever primary budget surplus of 5 per cent of gross domestic product in the next…
Browsing Tag
budget deficit
Egypt eyes 5.4% growth, EGP1.2t primary surplus in FY2026–27 budget
Egypt aims to achieve 5.4 per cent economic growth and a primary surplus of 1.2 trillion Egyptian pounds under the…
UK debt costs surge, borrowing nears record
UK public sector borrowing rose sharply in June 2025, hitting £20.7 billion — £6.6 billion more than a year earlier…
Senegal’s debt jumps amid rising fiscal pressures
Senegal’s public debt surged by the end of March 2025, reflecting mounting fiscal strain as the government…
Bulgaria gets EU approval to join eurozone in ’26
The European Commission and European Central Bank (ECB) have approved Bulgaria’s adoption of the euro, set for 1…
Egypt, EU review NWFE green plan, macro-financial assistance talks continue
Egypt’s Planning Minister Rania Al-Mashat held talks with European Commissioner for International Partnerships…
S. Africa posts R13.1b budget deficit in March
South Africa recorded a budget deficit of 13.11 billion rand ($704 million) in March, according to data released by…
UK budget deficit widens, overshooting forecasts
UK's current budget deficit rose to a provisional £74.6 billion in the financial year ending March 2025, £12.6…
Egypt achieves record budget surplus as deficit narrows to 3.2%
Egypt’s Ministry of Finance announced on Tuesday a remarkable improvement in the nation’s fiscal performance during…
France’s new premier vows to cut deficit
France’s newly appointed Prime Minister François Bayrou pledged to reduce the country’s budget deficit to near 5…
Romania’s inflation accelerates in Nov. ’24
Romania’s inflation rate rose to 5.1 per cent in November, up from 4.7 per cent in October, slightly exceeding…
EU urges France to stay the course on budget cuts
France must stay on course with its plans to lower debt and narrow its budget deficit, European Economics…
France plans spending cuts, tax hikes to ease budget deficit
France is set to implement approximately €60 billion ($66.4 billion) in spending cuts and tax hikes in 2025 as…
Russia projects budget deficit of 0.5% of GDP for ’25
The Russian government's draft federal budget for 2025 and the 2026-2027 planning period anticipates a budget…
Italy’s public debt to start declining in 2027 – Treasury confirms
Italy’s public debt will start falling as a proportion of GDP from 2027, according to the Treasury's latest…
France’s budget situation ‘very serious’ – PM
France's Prime Minister Michel Barnier has expressed concern over the country’s budgetary situation amid ongoing…
Kenya projects 3.5% budget deficit in FY ’25
Kenya's finance ministry projected a decline in the country's budget deficit to 3.5 per cent of GDP in the upcoming…
Russia’s budget deficit hits 1.36T roubles by July ’24
Russia's federal budget deficit for January to July 2024 reached 1.36 trillion roubles ($15.75 billion), according…
France moves forward with budget process – Le Maire
France’s caretaker government is moving forward with preparations to present budget bills for parliamentary…
France’s growth may support budget deficit reduction – Le Maire
France’s economic growth, surpassing expectations, is a potential boost for reducing the country’s budget deficit,…
Modi allocates $23.9b for job creation, education boost
India's Prime Minister Narendra Modi has allocated two trillion rupees ($23.9 billion) to boost job creation and…
France’s budget deficit gap with EU is unacceptable – audit court
France’s state auditor, Cour des Comptes, raised concerns over the country’s budget deficit compared to other…
France’s hung parlt. risks credit rating – S&P warns
S&P Global cautioned on Monday that France's hung parliament could complicate policymaking and jeopardise its…
Thailand to issue Asia’s 1st sovereign sustainability-linked bond
Thailand plans a record-breaking $1.1 billion sovereign sustainability-linked bond (SLB) issue in the fourth…
OECD upgrades ’24, ’25 growth forecasts for France
France’s GDP growth is set to dip to 0.7 per cent in 2024 from 0.9 per cent in 2023 before rebounding to 1.3 per…
Italy tops EU budget deficit in ’23
Italy recorded the highest budget deficit-to-GDP ratio in the European Union last year, according to Eurostat, the…
Thailand advances with $13.9b stimulus
Thailand’s government is pushing forward with a 500 billion baht ($13.9 billion) stimulus package, which may…
Egypt to issue EGP 130 bln treasury bills
The Central Bank of Egypt will issue new treasury bills (T-bills) worth 130 billion Egyptian Pounds on Thursday…
Egypt plans lower budget deficit to hit 6.7% in FY2021/22 – minister
Egypt plans to run a much lower budget deficit to reach 6.7 percent in the current financial year 2021/2022, which…
Egypt’s budget deficit to GDP ratio receded to 3.6% in H1 FY20/21, revenues rose by 16%
Egypt’s budget deficit to GDP ratio declined to 3.6 percent in the first half of the current FY2020/2021…
Egypt’s domestic debt falls for first time in 11 years
Egypt’s domestic debt shrank for the first time in more than 11 years during the first quarter of the 2019/2020…
Egypt H1 of FY20 budget deficit 3.8% of GDP – minister
Egypt’s budget deficit in the first half of the financial year was 3.8 percent of gross domestic product (GDP), up…
Egypt’s budget deficit drops to $2.4 bln in July – ministry
Egypt's budget deficit fell to 39.172 billion Egyptian pounds ($2.4 billion) in July from 51.514 billion pounds…
Egypt’s budget deficit 8.2% down in Q2-FY20: finance minister
Egypt’s budget deficit dropped to 8.2 percent of GDP in the second quarter of the financial year from 9.8 percent…
Egypt targets 7.2% drop in FY2019/20 budget deficit – minister
Egypt is targeting a budget deficit of 7.2 percent within the financial year 2019/2020, Finance Minister Mohamed…
Saudi Arabia’s Q2 budget deficit widens to $8.9 billion, capital spending leaps
Saudi Arabia’s budget deficit widened in the second quarter as officials ramp up spending to stimulate a sluggish…
Hammond misses his target to bring down UK’s budget deficit in FY 2018/19
Britain’s finance minister Philip Hammond missed his target for bringing down the country’s budget deficit in the…
Egypt targets to reduce budget deficit by 7.2% in FY 19/20
Egypt is targeting a budget deficit of 7.2 percent and GDP growth of 6.1 percent in the fiscal year 2019/2020,…
IMF’s Lagarde to recommend approval of Egypt’s next loan tranche
International Monetary Fund Managing Director Christine Lagarde said on Friday that she will recommend that the…
Egypt on track to achieve its financial targets: FinMin
Egypt’s state revenues grew 35.5 percent in the first quarter of this financial year, putting the government on…