Natural resources
As Zimbabwe prepares for the 2025/2026 National Budget, discussions will focus on the perennial challenges of resource allocation across Government ministries, with a familiar debate resurfacing on the insufficiency of funds. However, amidst this fiscal tight spot, the Government has made commendable efforts to expand productive sectors such as
Data centers
The Portuguese government is taking a significant step towards harnessing artificial intelligence (AI) and emerging technologies to drive innovation and growth. Minister for State Reform Goncalo Matias announced plans to establish an AI excellence center and incubator within its public administration, alongside regulatory sandboxes for testing new technologies. This move
Budgets
Rachel Reeves, the Chancellor of the Exchequer, has undergone a significant transformation in her approach to budgeting, moving from feeling forced into making decisions to taking ownership of her choices. This shift reflects her evolving thinking and priorities, with a focus on investing in the NHS, reducing debt, and getting
Economic development
Ahead of the local body polls, the social justice department in Maharashtra has distributed funds across all districts in the state for works under the Babasaheb Ambedkar social development scheme. As part of this initiative, the state government has released 10% of the funds allocated under the scheme in the
Economic development
Senator Francis Escudero is pushing for a legislation that aims to ensure grassroots infrastructure planning and budgeting, thereby preventing the funding of unnecessary projects. Under the proposed Grassroots Infrastructure Planning and Budgeting Act, all infrastructure projects must first be endorsed by the Regional Development Council, Provincial Development Council, or City/
Economic development
The Zimbabwean government has made a significant move towards improving the financial well-being of university lecturers and staff by approving a new salary structure. The announcement, made by the Permanent Secretary for Higher and Tertiary Education, Professor Fanuel Tagwira, follows months of advocacy by lecturers who have long sought improved
Economic development
Liberia, a country historically reliant on foreign aid, has been encouraged by the United Nations to focus on building economic independence and sustainable growth. In a press briefing, the UN Resident Coordinator, Christine N. Umutoni, emphasized the need to move beyond aid and develop innovative financial frameworks. Liberia's
Economic development
Lawmakers at the 15th National Assembly's 10th session are engaged in group discussions, focusing on assessing Vietnam's socio-economic performance in 2025 and setting development targets for the coming year. The legislative body is set to deliberate the implementation of the state budget plan for 2025, and
Public finance
UK government borrowing saw a significant increase in September, reaching a five-year high for the month as debt interest payments and departmental spending continued to pressure the public finances. The Office for National Statistics revealed that public sector net borrowing, excluding public sector banks, stood at £20.2 billion, a
Banks (Finance)
As the General Assembly prepares to convene in January, Georgia state leaders are facing a difficult decision: what to do with the state's swollen budget reserves, which stood at $14.6 billion as of June 2025. The reserves include $9 billion in undesignated budget reserves and $5.6
Economic growth
The Institute for Fiscal Studies (IFS) has warned Rachel Reeves, the UK's chancellor, against implementing a "half-baked" tax-raising plan to close the budget gap, which could have detrimental effects on economic growth. The IFS said that Reeves could raise tens of billions of pounds in extra
Public finance
Congress and the public are unable to determine the impact of cuts made by the Department of Government Efficiency (DOGE), led by Elon Musk, during the government shutdown due to unclear accounting and White House maneuvers. Despite the Trump administration's assurances of cost savings, experts can't
