FiscalDeficit

Oakland Faces Credit Rating Downgrade Amidst Growing Fiscal Deficits

21 days ago

In a striking development for the city of Oakland, California, Fitch Ratings has officially downgraded the city’s credit rating by two notches, moving it from 'A' to 'BBB'. This significant adjustment comes in light of projected budget deficits that may exceed $60 million over the next few years, raising alarms about Oakland's financial stability.

Gambia Sets Ambitious Goals to Lower Fiscal Deficit Amid Promising Growth Projections

1 month ago

In a strategic move aimed at improving its economic landscape, Gambia's government has unveiled plans to decrease its fiscal deficit in the upcoming year. The announcement comes as the West African nation anticipates stronger growth driven by various economic reforms and an uptick in investment opportunities, setting a positive tone for its financial outlook.

Poland Maintains Interest Rates Amid Persistent Inflation Challenges and Budget Deficit

2 months ago

In a critical financial decision, the Monetary Policy Council of Poland has decided to keep interest rates steady, reflecting ongoing concerns over inflationary pressures and a substantial budget deficit. This decision comes amidst an economic backdrop that presents both challenges and uncertainties for the Polish economy.

Senegal to Revise IMF Program Following Audit Revealing Larger Fiscal Deficit

2 months ago

In a significant development for Senegal’s economic landscape, the nation has announced plans to revise its program with the International Monetary Fund (IMF) after a recent audit uncovered a larger-than-anticipated fiscal deficit. This revelation has generated substantial discourse regarding the country's financial strategies and commitments to adhering to economic targets set forth by the IMF.