-
20 Jan 17
Incoming US president Donald Trump is reportedly eyeing $10tn worth of cuts to government spending over the next decade.
-
19 Jan 17
The European Commission has called on Italy to reduce its 2017 deficit by around €3.4bn ($3.64bn) to avoid potential sanctions for breaking European Union spending rules.
-
19 Jan 17
The International Monetary Fund has slashed Saudi Arabia’s 2017 growth forecast by 1.6 percentage points this week, as OPEC-agreed cuts to oil production weigh on the country’s already struggling...
-
22 Dec 16
Japan’s government has approved record military spending of 5.13 trillion yen ($43.66bn) for 2017-18 – the fifth consecutive annual increase in the defence budget.
-
20 Dec 16
Australia has increased its fiscal deficit forecasts for the next four years compared to May’s predictions, the most recent mid-year economic forecast has shown.
-
6 Dec 16
Audit institutions and governments need to make audit reports on public spending more accessible to civil society organisations, the International Budget Partnership has found.
-
22 Nov 16
European Union spending on climate change may fall short of target, with a lacklustre effort to channel funds towards climate action throwing spending off schedule, auditors have found.
-
21 Nov 16
Debt-laden Puerto Rico has been advised on what is set to be the biggest debt restructuring in the municipal bond market, and told it will no longer be able to rely on the US for support.
-
21 Nov 16
Performance budgeting can be a useful tool if employed well, researchers have found, although doing this is complex, time consuming and may require a change of mindset.
-
9 Nov 16
The UK’s Department for International Development may struggle to deliver its goals if the pound fails to recover from its post-EU referendum plunge, the department’s permanent secretary has warned.
-
8 Nov 16
Brazil’s federal government has frozen the accounts of the financially imperilled state of Rio de Janeiro and ordered it to repay millions of dollars in arrears.
-
1 Nov 16
Saudi Arabia’s veteran finance minister Ibrahim al-Assaf has been sacked by the country’s King Salman after 20 years in the post.
-
24 Oct 16
The fall in the value of the pound has created a hole in the EU’s budget for next year, according to the chief negotiator from the European Parliament.
-
10 Oct 16
The International Monetary Fund has slashed its budget deficit projections for oil-exporting countries in the Middle East and North Africa over the next five years, by over $230bn.
-
5 Oct 16
Nigerian president Mohammadu Buhari is planning to outdo his government’s record 2016 spending next year, according to budget proposals sent to the country’s parliament for approval.
-
30 Sep 16
Brazil should pursue tougher austerity policies to bridge its substantial fiscal gap and pull its economy out of a painful recession, according to the International Monetary Fund.
-
29 Sep 16
MEPs have rejected all the cuts to the union’s draft 2017 budget proposed by the European Council earlier this month.
-
27 Sep 16
The African Development Bank is preparing to throw the Nigerian government a $1bn lifeline to help plug the substantial government deficit amid the country’s first recession in 20 years.
-
27 Sep 16
Saudi Arabia has announced sudden cuts to pay and perks for government employees as the oil-dependent kingdom struggles to balance the books and adjust to low commodity prices.
-
26 Sep 16
Nigeria has hunted down 700,000 tax-cheating firms and expects to identify 10 million non-tax paying individuals and make them pay up by December, the country’s tax chief has said.
-
9 Sep 16
The eurozone’s finance ministers have called on all euro area member states to actively use spending reviews to improve the quality of public finances.
-
8 Sep 16
The Nigerian government hopes to tackle the country’s first recession in more than 20 years by promoting the agriculture and solid minerals sectors in order to diversify the economy.
-
8 Sep 16
Angolan finance minister Armando Manuel has been sacked from his post after presiding over a two-year economic slump triggered by the collapse in oil prices.
-
1 Sep 16
Internationalism is not a spent force but a crucial response to global economic challenges, according to the president of the European Bank for Reconstruction and Development.
-
31 Aug 16
The Nigerian economy has officially gone in to recession after figures published today showed a 2.06% contraction in the second quarter of 2016.