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News
Hungary Deficit Surges After EU Fund Prepayments
4+ day, 21+ hour ago (233+ words) After Viktor Orban's ouster this year, the new team faced hefty upfront bills to access European Union money. Those prepayments showed up hard and fast in August, pushing the monthly deficit sharply higher while the related EU inflows are still…...
Healey: UK borrowing still too high
4+ day, 23+ hour ago (1177+ words) Healey Says Borrowing Still Too High as He Defends Budget Plans Briefs Finance Free Live Investors Workshop The dollar is losing value. Here’s how investors can still profit. Healey Says Borrowing Still Too High as He Defends Budget Plans - Chancellor…...
France plans deep 2027 budget cuts
5+ day, 14+ hour ago (218+ words) He set a clear line: "The aim is 5% at worst, we'd like to be below, so we will have to make efforts in every dimension - spending and revenue." He cautioned that if the budget that is set to be put…...
Bardella vows no tax hikes in France's budget
6+ day, 22+ hour ago (208+ words) Bardella also sketched the timeline for his party's counteroffer, indicating that in October National Rally would present its proposals, with "a budgetary vision and a fiscal trajectory that we want to commit to for five years. Because in truth, the…...
Germany OKs €10B tax cut amid coalition infighting
1+ week, 3+ day ago (305+ words) Merz's cabinet signed off on a €10 billion ($11.6 billion) tax plan that coalition leaders negotiated in July. According to the government, a standard two-child, middle-income household would see annual savings exceeding €600 on average. To fund that relief, the plan raises taxes…...
Finland's €92.5B 2027 Budget to Stabilize Finances
1+ week, 4+ day ago (1148+ words) Finland agrees on €92.5 billion 2027 budget to steady finances and back a recovery Briefs Finance Finland agrees on €92.5 billion 2027 budget to steady finances and back a recovery - Helsinki set next year's central government spending at about €92.5 billion to support an economic…...
Unexpected July Deficit Tightens UK Fiscal Outlook
3+ week, 15+ hour ago (468+ words) Britain's public finances slipped into the red in July, a surprise result that underscores the fragile state of the country's fiscal position as the Chancellor prepares his first budget. On Friday, the Office for National Statistics reported a £1.8 billion deficit,…...
Treasury Chief: Record Deficit May Have Peaked
3+ week, 1+ day ago (648+ words) The numbers are big, so let's put them in context. The government spent more than it took in by $432 billion in July alone. That is the biggest single-month gap in more than five years. Add it all up since the…...
France Budget Delay Risks Wider Deficit
3+ week, 2+ day ago (569+ words) France is heading toward a presidential election with its next budget still on the line. The country's watchdog, the General Inspectorate of Finance, has a blunt message for leaders: pass a 2027 budget before the vote, or the country will pay…...
U.S. Federal Debt Crosses $40 Trillion
3+ week, 3+ day ago (201+ words) The nation's total debt load reached $40.05 trillion as of Monday, according to the Treasury Department. That's the first time the figure has surpassed $40 trillion, and it comes roughly four and a half years after the government crossed the $30 trillion mark....