Next year Ukraine will have to incur a huge debt in order to make ends meet. However, there are fewer and fewer creditors willing to provide it with the necessary financing. In the draft budget for 2021 the Ukrainian government...
The Central Bank of the Russian Federation sold its 50 per cent+1 share in Sberbank, Russia’s largest financial institution, to the Russian Finance Ministry. Although officially carried out to avoid conflict of interest, some...
The Latvian Fiscal Discipline Council pushed the government to decrease the budget deficit in 2019. In the first draft the deficit was 0.7 per cent of GDP, in the final version 0.3 per cent of GDP.
2019 budget is supposed to ensure the growth of Ukrainian economy, but economists are presenting conflicting opinions and raise several doubts.
The hidden public debt is important for the sustainability of public finances, both in Poland and in the world. The latest financial crisis and expanding a scope of state responsibilities have contributed to the global increase...
In December 2018, the National Assembly of the Republic of Serbia adopted the state budget for 2019. The GDP growth is projected to be 3.5 per cent, and the budget deficit is estimated at 0.4 per cent of GDP.
The functioning of the Belarusian economy under President Alexander Lukashenko's rule has already surprised many economic experts in Western Europe. Many of them have no idea how the country achieved a budget surplus, which in...
This year the Croatian government planned a state budget with a deficit of HRK2bn but the fact that it had a surplus of HRK1.6bn in H1 suggests that it may have a surplus by the year-end.
According to Baltic News Network, Lithuanian government plans to have EUR200m of revenues from the shadow economy
The Bulgarian government approved the budget 2019, projecting a fiscal deficit of 0.5 per cent of GDP for the year under the national methodology compared to the expected 0.5 per cent of GDP budget surplus in 2018.