Russia
Russia widens its tax net as war spending drains financial buffers
Mining profits, investment income, online imports and foreign-company assets are targeted as the budget deficit exceeds revised plans.
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6 dispatches found
Results for “budget deficit”
Russia
Europe
EU presses partners as Ukraine faces a €70bn funding gap in 2027
Non-EU pledges for next year have fallen to €4bn from €19bn, forcing Brussels to weigh joint debt and a larger European burden.
Latin America
Security-first politics pushes economic development down Latin America's agenda
Crime dominates voter concerns as new governments inherit large deficits, high debt and slow growth that restrict their room for security spending.
Russia
Russia's wealthiest provide over 1% of state spending through wartime donations
Budget documents show 471 billion roubles in so-called voluntary contributions after a March meeting with Vladimir Putin, helping limit a deficit swollen by wartime costs.
Latin America
Pope Leo's Argentina visit draws hope amid austerity and household debt
The first papal trip to Argentina in nearly four decades will take place as the Catholic Church warns about declining living standards, weaker wages and pensions, and the burden of debt on vulnerable households.
India
India calls for faster policy execution as oil, AI and supply chains test resilience
The Finance Ministry tied investment and strategic autonomy to quicker implementation of domestic reforms while warning that sustained high oil prices and a possible El Niño could pressure inflation, public finances and growth.