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  • Politics
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  • Tag
  • budget deficit
A billboard in the middle of a public street shows the size of the US debt, December 30, Washington, D.C., 2024. AFP

Why US ‘white swan’ debt can't be wished away by cuts

With an average monthly fiscal deficit of $150bn, there are no good options for Donald Trump, who boasts of defaulting on debt in corporate life. Will he do the same with America's $36tn I-O-U pile?

Toufic Chanbour 29, Mar 2025
Former Tunisian Minister of Finance, Siham Al-Boughdiri Namsia, presents the state’s general budget for 2022, Tunisia, December 28, 2021.
 AFP

Tunisia's 'IMF shadow' disappears with Nemsia's sacking

The unexplained dismissal of the finance minister leaves more questions than answers as the highly indebted country seeks to avoid a 2025 default

Kawthar Zantour 26, Feb 2025
Eduardo Ramon

Moving from crisis to hope: Egypt’s economy in 2025

After dramatic action from the central bank, an $8bn IMF loan and a $35bn development deal, Cairo aims to bounce back in the new year, but faces both familiar and new problems first

Marcelle Nasr 04, Jan 2025
The Saudi capital, Riyadh, on November 15, 2024. Reuters

Saudi Arabia’s 2025 budget balances spending with stability

Another deficit is likely, but it will be in line with EU standards, say Saudi ministers keen to keep investing in the Kingdom's economic diversification away from oil and towards Vision 2030

Maher Chmaytelli 11, Dec 2024
Morocco's 2025 Budget has impressed some, not others. Shutterstock

Only bold on paper? Morocco’s $73bn budget for 2025

Lots to shout about, say the government. Not enough for the ordinary Moroccan, say the opposition. Let's wait and see what happens on the world markets, say the economists

Mohamed Sharki 03, Dec 2024
Al Majalla

Syria’s 2025 budget is bigger but light on subsidies and detail

Damascus has artificially lowered prices for years, but Syrians today cannot afford basics like fuel without them, meaning its budget has become a delicate balancing act

Joseph Daher 14, Nov 2024
Lina Jaradat

Depleting funds highlight Kuwait's oil dependency dilemma

Streamlining the public sector, enhancing the role of the private sector, and reviewing financial policies away from sovereign funds are just some of the reforms needed. Time is running out.

Amer Ziab Al-Tamimi 08, Jul 2024
Kuwait needs to shrink its public sector and use privatisation to cut its dependence on oil revenue. Reform will only become more difficult as the world moves to alternative energy. Shutterstock

After brief surplus, Kuwait's national budget back in the negative

Kuwait needs to shrink its public sector and use privatisation to cut its dependence on oil revenue. Reform will only become more difficult as the world moves to alternative energy.

Amer Ziab Al-Tamimi 07, Sep 2023
A picture taken on December 16, 2020 shows newly constructed towers in Riyadh, the Saudi Arabian capital and main financial hub. (Getty)

MENA Countries Must Diversify Income to Address Deficit

The World Bank has recently warned that economies of the Middle East and North Africa (MENA) region are suffering a sudden accumulation of public debt owing to challenges caused by the coronavirus …

Hatem Khedr 09, Apr 2021
  • Popular
  • Editor's Pick
Politics

Frederic Hof: Israel-Syria peace is far off, but a truce is crucial

28 May 2025

The former US envoy to Damascus tells Al Majalla how to find a path to a lasting settlement and a new place in the Middle East, from his unique perspective and first-hand experience in Assad-era talks

Johaina Khaldieh
Opinion

The Israel-Houthi war achieves nothing and hurts both sides

28 May 2025

Killing Yemeni civilians further ruins Israel's global image. Meanwhile, the Houthis cannot defeat Israel militarily.

Anwar Al-Ansi
Sara Padovan
Business & Economy

The history of tariffs is still being written

29 May 2025

A US federal court has blocked Trump's tariffs and ruled that the president doesn't have unilateral authority to impose them, dealing a major blow to his economic policy

Toufic Chanbour
Palestinian poet Mosab Abu Taha
Culture & Social Affairs

Palestinian poet Mosab Abu Toha: Pulitzer Prize is a recognition of our story

26 May 2025

The US-based writer does not hold back in what he pens for American readers, nor is he censored. There is just one word that he is forbidden from using.

Houssam Marouf
Sara Padovan
Business & Economy

It’s time to build a regional climate fund

27 May 2025

As global climate finance falters and US support disappears, the MENA region faces a widening funding gap. Now is the time to create a regional climate finance mechanism.

Léa Eid

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OPINIONS

What next for Syria after US sanctions lifted?

Karam Shaar

Omar El Akkad strips away the West’s moral failure over Gaza

Antoine Jockey

Israel’s ties with its Western allies hit a new low

Christopher Phillips
Christopher Phillips

Immersive photography exhibitions in Cairo’s artistic quarter

Ibrahim Tutunji
Ibrahim Tutunji
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