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Ethiopian president projects 10.1 pct economic growth for current fiscal year-Xinhua

ADDIS ABABA, Oct. 6 (Xinhua) -- Ethiopia's economy is projected to grow by 10.1 percent during the country's current 2026/2027 fiscal year, which started on July 8, Ethiopian President Taye Atske Selassie said. Atske Selassie made the remarks while outlining the East African country's key economic, social, and political targets at the joint opening session of the House of Peoples' Representatives and the House of Federation -- the lower and upper chambers of parliament, respectively -- on Tuesday in Addis Ababa, the country's capital. He identified sustaining broad-based economic development, delivering quality public services, ensuring peace and security, improving institutional coordination and strengthening foreign relations as key priorities for the current budget year. Building ...

Slovak gov’t projects 2027 budget deficit at 4.94 pct of GDP-Xinhua

BRATISLAVA, Oct. 5 (Xinhua) -- Slovakia's government expects the general government deficit to reach 4.94 percent of gross domestic product (GDP) in 2027, according to a draft budget plan approved on Monday. General government revenues are expected to reach 63.34 billion euros (70.88 billion U.S. dollars) in 2027, while expenditures are projected at 70.79 billion euros (79.22 billion dollars), leaving a deficit of 7.44 billion euros (8.32 billion dollars). According to the News Agency of the Slovak Republic, the projected deficit for 2027 is higher than the 4.37 percent of GDP currently expected for 2026. The 2026 budget had initially targeted a deficit of 4.1 percent of GDP. The draft budget also includes 250 million euros (279.77 million dollars) to help offset high energy prices i...

Greece projects 2.3 pct growth in 2027 budget draft -Xinhua

ATHENS, Oct. 5 (Xinhua) -- Greece's government on Monday submitted its draft 2027 budget to parliament, projecting gross domestic product (GDP) growth of 2.3 percent, continued declines in unemployment and public debt, and a primary budget surplus of 3.3 percent of GDP. The draft budget, submitted to parliament's Standing Committee on Economic Affairs, forecasts growth well above the eurozone average of 1.2 percent projected for 2027. Investment and private consumption are expected to be the main drivers of growth in 2027, rising by 7.9 percent and 1.5 percent, respectively, according to the National Economy and Finance Ministry. The draft budget projects public debt to fall from 146.1 percent of GDP in 2025 to 136.8 percent in 2026 and 128.8 percent in 2027, while the unemployment r...