RIGA - Latvia will allocate 3.5 percent of its gross domestic product (GDP) to direct military spending, while 1.5 percent of GDP will be allocated to areas such as cyber security, civil protection ...

The Council today opened a new excessive deficit procedure (EDP) concerning Austria, and revised Romania’s net expenditure path, in view of its lack of effective action.

The EU’s fiscal rules limit how much member states’ governments can spend. That’s why the EU is allowing additional budgetary ...

This paper analyzes the potential economic impact of a renewed India-Pakistan war by synthesizing historical data from previous conflicts and examining current economic vulnerabilities in both ...

Investment and consumption are domestic drivers that help stabilize economic growth, but their functions differ. Investment ...

Nigeria’s fiscal outlook for 2025 is under serious threat, according to the International Monetary Fund, which has warned that the country must urgently revise its budget targets or face a deepening ...

1 Introduction Poverty is usually determined by the level of income, consumption expenditure, and sufficient basic resources to maintain sustainable livelihoods. It is also a display of educational ...

Andrew Brydon of Pinsent Masons was commenting after the government pledged to spend 5% of UK GDP on national security by 2035. That commitment, set out by prime minister Sir Keir Starmer on Tuesday, ...

Global capital can no longer overlook India’s structural economic advantages, as the nation is poised to significantly outpace G7 economies in growth, wealth management firm Equirus said in its latest ...

Jumping from a 2% GDP expenditure to 5% would see Germany spend additional tens of billions of euros on defense each year, with Chancellor Friedrich Merz saying earlier this year that 1% of the ...

The country in 2024 spent around 2% of its gross domestic product (GDP) on defense, coming in at over 90 billion euros ($104 billion), according to a NATO estimate. While that expenditure is in ...