Russia's 2025 budget deficit hit a significant 2. 6% of GDP, the largest gap since 2020. This means the country spent more than it earned, leading to a shortfall of 5. 6 trillion roubles. To put that into perspective, that's about $72. 12 billion. The main reason for this deficit? Oil and gas reven
The US government has just put $1 billion into L3Harris Technologies. This is not just any investment. It's a strategic move to get a piece of the company's new missile-making business. The plan is to go public in 2026. This means the government will own a part of the company when it starts selling
Democrats are facing a tough situation with healthcare subsidies. They promised these subsidies as a temporary fix, but now they're fighting to keep them forever. It's a common trick they use: promise something short-term, then fight to make it permanent. This has led to a lot of government spending
Baltimore's new arts office, the Mayor’s Office of Arts, Culture & Entertainment (MOACE), has been running for six months, but no one can say exactly where its $2 million budget is going. This lack of clarity has raised eyebrows, especially among city officials. MOACE is in charge of big city event
The Czech Republic is facing a bigger budget shortfall than planned. The new finance minister, Alena Schillerova, revealed that the deficit has already surpassed the initial target. When she started her role on December 15, the deficit was at 266 billion crowns. Just four days later, it grew to 275
In 2025, the federal government saw a big drop in employees. The number went down by about 9%, from 3. 015 million to 2. 744 million. This was a big deal because it was the largest reduction in peacetime history. At the same time, government spending didn't slow down. In fact, it went up by nearly
The government's spending habits are truly mind-boggling. In the past year alone, a staggering $1. 63 trillion of taxpayer money was spent on a mix of essential and downright bizarre projects. A significant chunk of this, $1. 22 trillion, was just to cover the interest on the national debt. That's a
Anchorage is a city of diverse people, from working families to small business owners, military personnel, and retirees, all drawn to Alaska's promise of opportunity. But lately, the city's financial management has been shaky. Instead of slapping on a new sales tax, it's time for Anchorage to tighte
California's attempt to modernize its 911 emergency system has hit a major snag. In 2019, Governor Gavin Newsom promised to upgrade the state's outdated 911 system. He wanted to replace the old analog technology with a new digital network. This was supposed to make emergency communications more reli
Japan is making big financial moves. The country is planning to sell more short-term bonds. This is to support a huge spending plan led by Prime Minister Sanae Takaichi. It's the largest spending plan since Japan eased its pandemic rules. The government has approved extra funds. The total is 18. 3
