Budget

Fuatilia

Prime Minister Mostafa Madbouly announced the new state budget targeting a reduction in the debt-to-GDP ratio to around 78% by June 2027, as the economy posted 5% growth in the third quarter.

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The Philippine government is reviewing whether to seek a supplemental budget from Congress for its UPLIFT program. This follows an earlier plan to obtain funding from the Asian Development Bank instead.

The Addis Ababa City Administration cabinet has approved a draft budget of 502.27 billion birr for the 2026/27 fiscal year and sent it to the City Council. The proposal marks a 43.45 percent increase from the previous year's 350.13 billion birr budget.

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The prime minister sent a framing letter to each government member to limit funding requests deemed unrealistic given the urgency of public finances.

 

 

 

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