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Hong Kong Financial Secretary Paul Chan presents the 2026 budget at the Legislative Council, highlighting AI and infrastructure investments amid fiscal surplus charts and public criticism over no cash handouts.
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Hong Kong budget stresses long-term investments amid public criticism

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Hong Kong Financial Secretary Paul Chan unveiled the 2026 budget on Wednesday, emphasizing investments in artificial intelligence and infrastructure while facing criticism for the absence of direct cash handouts to residents. The budget projects a surplus and includes a rare transfer from the Exchange Fund.

Rating agency Fitch Ratings has decided to maintain France's sovereign debt rating at A+ with a stable outlook, despite ongoing budgetary challenges. This decision comes amid global instability from the war in Iran. Economy Minister Roland Lescure welcomed the announcement as recognition of the government's efforts.

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Brazil's Gross Domestic Product (GDP) expanded 2.3% in 2025, below the 3.4% of 2024, according to data released by the IBGE on Tuesday (3). The economy did not grow in the second half, with family consumption stagnant and productive investment declining, but government spending and exports prevented contraction. The slowdown stems from tighter monetary policy to control inflation.

石破茂首相は、金曜日の閣議で2026年度の過去最大の122.3兆円(7820億ドル)の予算を承認した後、記者団に対し、国家のプライマリーバランスが1998年以来28年ぶりに黒字化すると述べた。この目標は20年以上にわたり政府の優先事項だった。

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日本政府は、次期会計年度までの経済見通しを上方修正し、巨額の刺激策により消費と設備投資が押し上げられるとの見方を示した。内閣が水曜日に承認した最新予測では、現在の会計年度の成長率を1.1%と上方修正した。来年度は1.3%の成長が見込まれている。

The fiscal budget for 2026 was approved on Wednesday night, concluding a process marked by creative accounting practices according to an economist. Michelle Labbé criticizes the systematic overestimation of revenues under the current administration, which has increased deficits and debt. The budget appears designed to constrain a potential opposition-led new administration.

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Brazilian states and municipalities disagree with the tax reform's simplification premises and plan to resume 'tax on tax' charges during the transition period. This could spark national litigation, undermining the reform's goal of reducing judicial disputes. The country already leads the world in tax litigation.

 

 

 

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