Fiscal Data and Government Finance News
Philippines infrastructure spending extends decline as August outlays fall
Weak public investment continues to pressure the Philippine economy as infrastructure and other capital outlays post a 14th straight month of year-on-year decline in August. The drop raises ...
Philippines 2027 budget sharpens focus on unprogrammed appropriations
The Philippines' proposed P7.2-trillion budget for 2027 moves to Congress as scrutiny intensifies over fiscal discipline and corruption risks in public spending. A much smaller allocation for ...
Bangladesh ADP implementation falls to record low in first quarter of FY2026-27
Bangladesh's public development spending starts FY2026-27 at its weakest first-quarter pace on record, highlighting a sharp slowdown in project execution. The government spends Tk12,017.54 crore ...
UK pubs await beer duty cut in Budget as Burnham seeks low-cost voter boost
With fiscal room tight before Wednesday's Budget, the government is turning to small, popular measures that can deliver political gains at limited cost. A cut in draft beer duty and a 20 per cent ...
France rating outlook steadies as Moody’s keeps Aa3 amid budget risks
France wins temporary relief in sovereign debt markets after Moody’s leaves its Aa3 credit rating unchanged despite mounting pressure from higher borrowing costs and political tensions. The ...
Lithuania rating affirmed at A+ as Fitch flags defense spending and debt rise
Lithuania keeps its A+ long-term issuer ratings with a Stable Outlook as strong growth, EU and eurozone membership, and a credible policy framework continue to support the sovereign profile. The ...
China fiscal revenue growth eases to 5.1% in January-September
China's public finances show slower revenue growth in the first nine months of 2026 as expenditure growth also moderates. The latest figures come as Beijing accelerates special bond issuance and ...
The government's net financial burden related to 1MDB is estimated at RM20.1 billion
The government continues to bear a net financial burden of RM20.1 billion related to 1Malaysia Development Bhd after accounting for funds and assets recovered. The figure reflects the outstanding ...
U.S. fiscal deficit widens to $1.992 trillion in FY2026
Rising federal spending outpaced revenue growth in FY2026, leaving the U.S. government with a $1.992 trillion budget deficit for the fiscal year. The gap is 12.23 percent larger than in FY2025, ...
Peru seeks to raise fiscal deficit limits to support economy
Peru is moving to loosen its fiscal limits in coming years as officials seek more room to cushion the economy against severe weather and higher global fuel prices. The plan would allow up to 18 ...
Philippine budget deficit edges up as September spending outpaces revenue growth
The Philippines posted a slightly wider budget deficit in September as government spending continued to rise alongside stronger revenue collections. The fiscal gap reached P248.9 billion, up 0.33% ...
Meta creates new share class to shield Zuckerberg from potential California wealth tax
As California voters prepare to decide on a one-time tax targeting the state's billionaires, Meta is putting in place a share arrangement aimed at keeping Chief Executive Mark Zuckerberg based ...
Malaysia's 2027 Budget continues fiscal consolidation, targeting a 3.3% deficit
The 2027 Budget maintains its focus on fiscal consolidation while continuing to support low- and middle-income households through additional tax relief and increased cash assistance. The ...
Jacksonville Transportation Authority IDR cut to AA- as Fitch flags budget pressure
Jacksonville Transportation Authority faces a weaker credit profile as pressure on reserves and budget flexibility weighs on its financial position. Fitch Ratings lowered the authority's Issuer ...
Philippines administration seeks court review of budget ruling
The Philippine government is moving to challenge a Supreme Court decision affecting parts of the 2024 to 2026 national budgets. The planned appeal centers on a ruling that voided selected ...
Nigeria shifts growth financing to private capital, keeps petrol subsidy removed
Nigeria is positioning private investment as the main funding source for its next growth phase as it seeks to reduce reliance on public borrowing. The policy stance also keeps fuel subsidy reform ...
Malaysia urged to broaden tax base to strengthen national development revenue
High government spending commitments are seen as limiting fiscal space to finance economic reforms and the national development agenda. During the debate on the Supply Bill 2027, proposals were ...
UK borrowing rises ahead of Budget as fiscal pressures intensify
Britain's public finances come under fresh pressure in the final stretch before the October 28 Budget, with September borrowing rising more than expected. The increase adds to the challenge for ...
Japan signals shift to wage-driven inflation as household relief measures proceed
Japan is approaching a new inflation phase in which rising wages, rather than import costs alone, support more sustained price growth. The shift comes as the government prepares a consumption tax ...
U.S. House Budget Committee warns Medicare for All could raise federal spending by $47 trillion
A renewed election-season debate over healthcare financing is drawing attention to the projected fiscal and operational effects of Medicare for All in the U.S. The proposal would replace the ...
Canada to table budget 2026 on November 5
Canada's federal government is setting out its next fiscal policy milestone with Budget 2026 scheduled for November 5. The plan is positioned as a framework to strengthen economic resilience, ...
