Finance ❯ Government Finance

Budget Deficits

Public Debt Fiscal Policy Public Spending Spending Cuts Public Expenditure Taxation Economic Forecasting Debt Management Revenue Generation Tax Revenue

Chicago Forecasts $882.4 Million Shortfall in 2027 Budget

Higher local tax receipts combined with cost-saving moves and bond refinancing narrowed the estimate ahead of an October budget unveiling.

Harris County Proposes $3.1 Billion Budget as Officials Seek Ways to Close Multi‑Hundred Million Shortfall

France Reopens Option to Partially Freeze Pensions for 2027 Budget

UK Tax Gap Rises to 6.4% as Small Businesses and Corporations Drive £59.2bn Shortfall

Florida CFO Accuses Palm Beach County of Hundreds of Millions in Wasteful Spending

Houston Passes $7.5 Billion Budget That Adds $5 Monthly Trash Fee

Lurie Proposes $16.9 Billion Two‑Year Budget Cutting About 550 Positions and Funding 14% Raises for Police and Fire

Ukraine Approves 2026 Budget Shift, Adding ₴1.56 Trillion for Defense

Italy Presses EU to Extend Defense Budget Waivers to Energy Costs

New Brunswick Budget Sets Multi-Year Deficits, Adds $6 Billion to Debt

Karnataka Budget Draws BJP Fire Over Rising Borrowing, Third Straight Revenue Deficit

Senate Approves Bipartisan Stopgap as House Recess Triggers Brief Shutdown

Chalmers Rules Out Extending Power Bill Rebates Into 2026

France’s Audit Court Warns Demographic Shift Imperils Public Finances

Audit Flags $2.6 Billion Loss, Rising Debt and Idle Trust Funds in Victoria

Brazil Cuts 2025 Budget Freeze to R$7.7 Billion as Deficit Outlook Worsens

UK Borrowing Tops Forecast at £17.4 Billion as Retail Sales Slide Before Budget

Peru Enacts Urgent Austerity Decree With 7-Day Transfer Limit and Non‑Critical Spending Bans

Japan Parties Seal Deal to Scrap Provisional Fuel Taxes, Price Relief to Start Next Week

City Council Majority Urges Johnson to Drop Head Tax From 2026 Budget