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19 Aug 16
Nigeria’s oil production is currently 640,000 barrels per day behind the amount needed to fund its record $30bn budget.
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18 Aug 16
Many of Zimbabwe’s local councils continue to operate budgets rejected by central government for allocating too much cash to salaries, according to an investigation by the country’s Financial Gazette...
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17 Aug 16
Angola has halved its predicted growth figures for 2016 and passed a revised budget after the impact of the commodity price slump on its heavily oil-reliant economy became apparent.
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29 Jul 16
Nigeria’s ministry of works has already spent nearly a quarter of its increased budget in less than three months as part of a programme to boost capital spending, the country’s minister for power,...
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8 Jul 16
The European Commission has triggered sanctions procedures against Spain and Portugal after ruling the two nations failed to do enough to bring their budget deficits within European Union limits.
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1 Jul 16
Security, the refugee crisis and growth are the key priorities of the European Commission’s €134.9bn draft budget for 2017, presented to the European Parliament yesterday.
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23 Jun 16
Portugal will have to “step up” its efforts to reduce its budget deficit as the country’s economic recovery falls short of expectations, the European Commission and European Central Bank have warned...
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20 Jun 16
The European Union has removed Cyprus, Ireland and Slovenia from excessive deficit procedures after the three nations brought their shortfalls to below 3% of GDP.
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3 Jun 16
Securing debt and sanctions relief will be critical to Sudan’s continued recovery as growth remains constrained despite successful policies, the International Monetary Fund has said.
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18 May 16
Workers across Nigeria have launched an indefinite strike today to protest government plans to increase petrol prices by up to 67%, in spite of a court ruling blocking the industrial action.
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17 May 16
Poland’s plan to lower the retirement age is a “step in the wrong direction” and the government should reconsider, according to the International Monetary Fund.
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16 May 16
The International Monetary Fund is considering new loans for Afghanistan as the country manages to implement reforms but the economy continues to stumble.
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13 May 16
Pakistan looks set to receive its next half a billion dollar disbursement from the International Monetary Fund as the lender confirms the south Asian country has met programme targets.
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10 May 16
The commodity price slump is weighing heavily on Oman and the United Arab Emirates’ fiscal deficits, the International Monetary Fund has said.
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9 May 16
Athens lawmakers have approved a host of controversial pension and tax reforms in a bid to unlock the next tranche of Greece’s bailout cash.
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6 May 16
Nigeria’s president Muhammadu Buhari has signed this year’s controversial $30bn budget into law.
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5 May 16
An $81m funding shortfall for the United Nations Palestinian refugee agency is playing with the fate of millions in need across the Middle East, secretary general Ban Ki-Moon has warned.
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5 May 16
The World Bank has recommended that Mongolia implement spending controls after its budget deficit in the first three months of 2016 reached two-thirds of the annual target.
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4 May 16
The World Bank has warned Mozambique that high levels of fiscal risk are threatening its economy and called for greater risk assessment and transparency.
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28 Apr 16
Greek prime minister Alexis Tsipras has had his call for a snap European Union summit rejected as fears grow around a repeat of last summer’s crisis that almost saw Greece ejected from the eurozone.
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26 Apr 16
Saudi Arabia has unveiled an ambitious plan to overhaul the country’s economy and end its “addiction to oil”.
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19 Apr 16
The European Commission is not strict enough in enforcing rules intended to keep the bloc’s public finances in order, the European Court of Auditors has found.
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18 Apr 16
The South American nation of Suriname is set to receive a support package worth $478m from the International Monetary Fund intended to help its economy pull out of recession.
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14 Apr 16
Government deficits are now expected to climb above the levels observed at the beginning of the 2008-09 financial crisis, the International Monetary Fund has warned in its annual Fiscal Monitor.
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13 Apr 16
Public sector and accountancy professionals have convened in the Caribbean in hopes of strengthening the region’s public financial management.