Government Finance

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Merz’s Cabinet Approves Draft 2026 Budget Despite €172 Billion Deficit Projection

Finance Minister Lars Klingbeil urges strict fiscal consolidation to plug a looming €30 billion 2027 shortfall ahead of the Bundestag vote

US Designates Venezuela’s Cartel de los Soles as Terrorist Organization

Malaysia Launches Universal RM100 Cash Payouts, Capped Fuel Prices and Extra Holiday

California’s 2025–26 Budget Covers Almost $20 Billion Gap Through Accounting Maneuvers

Finance Committee Blocks Two-Thirds Vote Requirement for City Borrowing

Maharashtra Tables Rs 57,509.71 Crore Supplementary Demand to Fund Infrastructure and Welfare Schemes

RBI Dividend and Tax Gains Cut April-May Deficit to 0.8% of FY26 Target

Victorian Tribunal Boosts Jacinta Allan’s Pay to $512,972, Second-Highest in Australia

Pennsylvania Misses July 1 Budget Deadline as Talks Continue

Alberta Posts $5.8B Surplus in Year-End Fiscal Update

Social Security Trust Funds to Run Dry by 2034, Triggering 23% Benefit Cuts

Dan Nominates Ilie Bolojan to Form Romania’s New Coalition Government

Parliamentary Budget Officer Warns Ottawa’s New Fiscal Anchors Are Undefined

Italy’s Public Debt Tops €3.06 Trillion as Foreign Holdings Grow

South Korea to Introduce Second Supplementary Budget This Week

Florida Lawmakers Secure $119.8 Billion Budget Deal Ahead of Monday Vote

Treasury Secretary Bessent Interrupts Democrats in Heated Tariff Hearing

Oakland Council Approves $4.36 Billion Budget to Close $425 Million Gap

Japan Weighs Buyback of Super-Long Bonds to Curb Record Yields

Reform UK Urges Bank of England to Scrap Reserve Interest Payments for £35bn Annual Savings