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Fiscal risks are low but rising in Turkey

Location:

TURKEY

Turkey's fiscal sustainability.

Strong finances will help Russia fund budget deficit

Location:

RUSSIA

Hit by the COVID-19 pandemic and plummeting global energy prices in the first half of the year, the government drew on its substantial reserves to fund fiscal stimulus and…

Fiscal crisis will raise political risks in Iraq

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IRAQ

The political establishment has given strong backing to the budget cuts ordered by Abadi. The 2016 budget has been amended to account for the collapse of Iraq's planned 2016…

Budget will stabilise Portugal's minority government

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PORTUGAL

The Portuguese government presented its 2017 budget to parliament on October 14. The EU agreed in August to waive fines over its excessive budget deficits, but Portugal remains…

Kenya faces growing fiscal consolidation challenges

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KENYA

The weakness of the Kenyan shilling, which is constantly hitting new record lows, has generated so much concern that, on October 24, parliament summoned the central bank governor…

New Romanian government gambles on economic stimulus

Location:

ROMANIA

To enact the bill by end-December and avoid potential defeat, the minority National Liberal (PNL) government side-stepped a vote by ‘assuming responsibility’ for the bill before…

French government faces tough parliamentary hurdles

Location:

FRANCE

The minority government faces significant opposition to its medium-term financial plans, next year’s deficit-reducing budget and immigration reforms.

Kenya’s president will aim for fiscal consolidation

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KENYA

Nairobi cancelled a bond sale last year; it has 17 months to rebuild its credibility with investors before seeking to refinance a USD2bn Eurobond.

Malaysian budget could face further revision

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MALAYSIA

Government spending cutbacks due to falling oil revenues have underscored Malaysia's deepening economic malaise. Weak export demand and tightening credit could keep growth for…

Nigeria's 2024 budget projections are likely untenable

Location:

NIGERIA

Defence and security get the largest sectoral allocation at NGN3.25tn, followed by education at NGN2.2tn and health and infrastructure, each at NGN1.33tn. However, the budget is…