Queensland's Treasurer David Janetzki aims to prevent a credit rating downgrade despite a budget deficit and projected borrowings exceeding $200bn in three years. The budget forecasts a surplus in 2029-30, after years of deficits, boosted by higher coal royalties.
The ACT's budget deficit has ballooned by $240 million in 103 days, with 'the Trump effect' costing $2.3 million daily due to higher energy costs and supply chain issues stemming from the Middle East conflict.
The conflict in the Middle East, exacerbated by US actions, is costing the Australian Capital Territory (ACT) budget an estimated $2.3 million per day. This adds to existing domestic financial pressures, with potential for much worse economic fallout if the conflict prolongs.
A Canberra football club faces a crisis due to rising costs and facility issues, receiving no government aid. The ACT budget offers limited cost-of-living relief, focusing on housing and some frontline services, while facing a significant deficit and delayed surplus.
The IMF urged Britain to continue cutting government borrowing amid concerns over a Labour leadership challenge. It praised Chancellor Rachel Reeves for balancing deficit reduction and growth spending, upgrading UK growth forecasts.
According to the Russian Finance Ministry, the high deficit figures at the beginning of the year are primarily due to accelerated financing of expenditures
According to Svetlana Lipina, without comprehensive measures to strengthen the revenue base and optimize costs the risk will remain significant in 2026 - 2027
It amounted to $33.5 billion
Tisza Party leader said that he had learned of plans by the outgoing cabinet led by Viktor Orban to conclude and finance new government contracts, which could negatively impact the budget
Russia's central bank has sold 21.8 tonnes of gold in 2026 to fund its widening budget deficit, which reached $61.2 billion by end-March. Gold reserves stand at 2,304.76 tonnes as of April 1, down 6.22 tonnes in March alone. Domestic gold trading volumes surged 350% year-on-year to 42.6 tonnes in March, with the value rising 500% to $7.1 billion as consumers turned to precious metals to protect savings amid economic strain in the fifth year of the Ukraine war.
