A fresh analysis sets Canada and the U.S. head-to-head in a dramatic showdown over government spending, asking: which nation is the real budget “basket case”? Skyrocketing deficits and growing debt fuel a fiery debate on fiscal responsibility across North America
Germany is staring down a massive €170bn budget gap, even after heavy borrowing, raising serious concerns about its fiscal health. This shortfall highlights the growing hurdles for Europe’s largest economy as it struggles with soaring costs and sluggish growth
Spain remains cautious about increasing security spending despite escalating threats, opting to prioritize economic recovery and social programs for now. Yet, experts warn that this cautious approach may leave the nation exposed to serious defense risks
UK borrowing has surged dramatically as soaring inflation drives debt servicing costs to unprecedented levels, Reuters reports. With interest rates climbing steadily, the government is under increasing fiscal strain, raising serious concerns about the country’s long-term economic future
Italy is gearing up to classify the €13.5 billion Sicily bridge project as defense spending-a strategic move aimed at boosting its contribution toward NATO’s 2% GDP target. This bold step highlights Italy’s dedication to strengthening its military investment and fulfilling its alliance commitments with renewed vigor
Argentina has unveiled plans to launch a new government bond, navigating through persistent economic uncertainty. This bold step comes as officials stand firm against buying U.S. dollars, determined to strengthen and stabilize the peso
Germany has made a significant revision to its tax revenue forecasts, dramatically cutting estimates for 2029 by more than 80 billion euros. This substantial downward adjustment highlights the persistent economic challenges the country faces, including escalating costs and uncertainty in global markets, which are all taking a toll on fiscal planning
Argentina has formally requested the first tranche of over 40% of its $20 billion loan program from the International Monetary Fund (IMF). This financial assistance aims to stabilize the country’s economy amid ongoing fiscal challenges and inflation concerns.
Germany is poised to amend its fiscal rules, allowing for increased public spending amid a planned infrastructure boost. The proposals aim to stimulate economic growth while addressing long-standing deficits, marking a significant shift in fiscal policy.
France’s Economy Minister has described the upcoming 2026 budget as a “demanding” challenge amid economic pressures. As the government navigates rising costs and public expectations, careful planning will be crucial to ensure fiscal stability.
