budget deficit

The arrival of the new US government and its signals that the US military presence in Europe may be about to be withdrawn have caused violent reactions on the old continent. On March 4, the President of the European Commission (EC) Ursula von der Leyen officially announced the “ReArm Europe” initiative with a budget of 800 billion euros to improve …

Acting Finance Minister Valeri Belchev "corrected" himself on Friday and revealed that the deficit in his ministry's planned state budget for 2022 will actually be 5.1% of GDP, not 2.9%, as he initially said a week ago. I recall that at that surprise press conference, the minister did not know what the parameters of the main ...

The direction of his argument may be wrong, but not his substance. Italy has really been infuriating Europe lately. The populist government, led by the outside-the-box Five Star Party of comedian-turned-politician Luigi Di Maio and Matteo Salvini’s Northern League, has announced it will publish a 2019 budget with a deficit …