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  • Politics
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  • 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
Lina Jaradat
Politics

US-Houthi ceasefire fuels Israeli fears of an Iran deal

09 May 2025

The Yemeni militant group is proving to be a stubborn adversary, and Trump doesn't want anything to detract from his visit to the Gulf next week, where he plans to make a 'big' announcement

Michael Horowitz
Sara Padovan
Business & Economy

A new economic order is emerging, and tariffs play no part in it

07 May 2025

China has been quietly working to rewrite the rules of global trade and finds itself in a strong position in the current trade war launched by Washington. A look around the world shows why.

Shirley Ze Yu
Ewan White
Politics

Why Libya isn't the right model for Iran’s nuclear climbdown

08 May 2025

Israel wants the total dismantlement and scrapping of all Iranian nuclear facilities, just like in Libya two decades ago. That is unrealistic for several reasons.

Ramzy Ezzeldin Ramzy
Rahaf Saad, a Palestinian girl who lost her legs in an Israeli air strike. REUTERS
Culture & Social Affairs

Missing limbs and broken dreams: Gaza's generation of child amputees

03 May 2025

Israel's war on Gaza has created the "largest cohort of child amputees in modern history". On the ground, Al Majalla speaks to affected families.

Houssam Marouf
Opinion

Trump's 'unforced errors' could accelerate America's decline

06 May 2025

If history is any judge, Trump's tariffs and damaging actions towards US allies could speed up the emergence of a multipolar world, much like George W. Bush's invasion of Iraq

Christopher Phillips

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OPINIONS

US-Houthi ceasefire fuels Israeli fears of an Iran deal

Michael Horowitz
Michael Horowitz

Neo-Umayyadists need a reality check

Houssam Itani
Houssam Itani

Libya is at its lowest point since 2020

Ben Fishman

China's titanium grip on rare earths puts US on backfoot

Abdulfattah Khattab
Abdulfattah Khattab
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