Tag #Budget Deficit

es.euronews.com
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Romania Implements Austerity Measures to Tackle Record Budget Deficit

Romania's Prime Minister Marcel Ciolacu announced new economic measures, including tax increases and public sector salary and pension cuts, aiming to save €26.14 billion by year-end to reduce the country's 8.5% budget deficit—the highest in the EU—to 7% by 2025, sparking protests.

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Reduced Inequality
lefigaro.fr
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France Télévisions Projects €41.2 Million Budget Deficit in 2025

France Télévisions announced a €41.2 million deficit in its 2025 budget, its first in nine years, resulting from reduced public funding (€36 million) and lower internal revenue (€68 million) following the 2024 Paris Olympics advertising boom; the broadcaster plans significant budget cuts to compensa...

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16% Bias Score

Reduced Inequality
theglobeandmail.com
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Freeland Resigns Amidst Soaring Canadian Deficit

Canadian Finance Minister Chrystia Freeland resigned due to policy disagreements with Prime Minister Justin Trudeau over spending, highlighting a $241-billion projected deficit over six years, significantly higher than previous projections, amid concerns about fiscal responsibility and potential rec...

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64% Bias Score

Reduced Inequality
smh.com.au
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Victoria's Soaring Debt: Tim Pallas's Legacy

Tim Pallas resigned as Victoria's treasurer, leaving the state with a projected $187.3 billion net debt by 2028, a consequence of his inability to curb government spending despite acknowledging the financial strain.

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56% Bias Score

Reduced Inequality
theglobeandmail.com
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BC Government Imposes Hiring Freeze Amidst Record Deficit

Facing a record \$9-billion deficit, the British Columbia government implemented an immediate hiring freeze for most civil service positions, excluding essential frontline roles, ahead of upcoming union contract negotiations.

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48% Bias Score

Reduced Inequality
abcnews.go.com
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Mexico's Maya Train Payment Delays Expose Budget Crisis

Mexican truck drivers blocked highways to protest unpaid wages for work on the Maya Train, exposing the government's budget deficit stemming from previous administrations' spending and impacting various sectors.

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40% Bias Score

Decent Work and Economic Growth
cbsnews.com
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Senate Approves Social Security Fairness Act, Increasing Benefits for Millions

The Senate voted 73-27 to advance the Social Security Fairness Act, which would repeal policies reducing benefits for nearly 3 million retirees with public pensions, costing an estimated $195 billion over ten years and addressing decades-old inequities.

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48% Bias Score

No Poverty
theglobeandmail.com
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B.C.'s Budget Deficit Hits Record High at $9.4 Billion

British Columbia's 2024-2025 budget deficit is projected to reach a record \$9.4 billion, a \$429 million increase from the September estimate, due to lower revenues and increased spending, prompting a temporary hiring freeze in the public service while the government plans to invest in economic gro...

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40% Bias Score

Reduced Inequality
theguardian.com
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France's Bayrou Faces 'Himalayan' Task Amidst Political and Financial Crisis

France's new Prime Minister, François Bayrou, faces a "Himalayan" task of resolving a political and financial crisis marked by a Moody's downgrade, parliamentary deadlock, and the threat of Marine Le Pen's rise to power, requiring him to build a coalition government.

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48% Bias Score

Reduced Inequality
aljazeera.com
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France's New Prime Minister Faces Budget Crisis Amid Political Instability

France's new Prime Minister Francois Bayrou faces the immediate challenge of forming a stable government and passing a 2025 budget amid a deep political crisis triggered by inconclusive snap elections and a no-confidence vote that ousted his predecessor, leaving the country's future uncertain.

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40% Bias Score

Reduced Inequality
foxnews.com
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44% Bias Score

Reduced Inequality
dw.com
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Srebrenica Faces 7 Million KM Budget Deficit After Local Elections

Following the October 2024 Bosnian local elections, Srebrenica's newly formed council, led by President Almir Dudić and Vice-President Radomir Pavlović, faces a significant budget deficit exceeding 7 million KM due to prior mismanagement, demanding immediate financial reforms and collaborative effor...

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44% Bias Score

No Poverty