GovernmentStrategy

Kenya Abandons Balanced Budget Ambitions Amid Revenue Shortfalls

7 days ago

In a significant shift, Kenya has declared its decision to abandon the goal of achieving a balanced budget this fiscal year. The decision comes as the country grapples with revenue collections that have consistently fallen short of expectations, compelling the government to revise its fiscal strategy significantly.

South Africa's Planned VAT Increase Eases Amid Budget Stalemate

21 days ago

In a significant development in South Africa’s economic landscape, the government has put forth a proposal to moderate the anticipated increase in the Value Added Tax (VAT). The adjustment comes amidst ongoing budget discussions, aiming to resolve a pressing financial impasse that has been affecting national fiscal planning and economic stability.

Hungary Unveils Budget Cuts Ahead of Upcoming Elections Amid Economic Uncertainties

5 months ago

In a strategic move reflecting the country's economic climate, Hungary's government has unveiled its proposed budget for 2024, pledging significant spending cuts. This announcement comes as the nation prepares for upcoming elections, a period typically marked by heightened scrutiny over fiscal policies and government spending.