Tag: Public Finance
-
Nigeria Grants Massive Debt Write-Off: NNPC Debts to Federation Account Slashed
Overview: A Landmark Debt Cancellation President Bola Tinubu has approved a sweeping cancellation of a significant portion of debts owed by the Nigerian National Petroleum Company Limited (NNPC) to the Federation Account. The reconciliation process reportedly cleared about $1.42 billion and N5.57 trillion, marking one of the largest debt write-offs in recent Nigerian fiscal history.…
-
Bicam Report on 2026 Budget Signed; Ratification Next
Overview: A Step Forward for the 2026 Budget The bicameral conference committee report on the disagreeing provisions of the 2026 national budget has been finalized, with members from both the House of Representatives and the Senate signing the document on Sunday, December 28. This milestone clears a major hurdle in the budget process, signaling a…
-
Bicam Report on 2026 Budget Signed; Ratification Now Next Step
Overview: A Milestone in the 2026 Budget Process The bicameral conference committee report on the disagreeing provisions of the 2026 national budget was finalized on Sunday, December 28, after representatives from the House of Representatives and the Senate signed the document. This milestone brings the government closer to a formal budget framework for the next…
-
Bicam Report on 2026 Budget Signed; Ratification Moves Next
Overview: Budget Accord Signed by a Bicam Committee The bicameral conference committee report on the disagreeing provisions of the 2026 national budget was finalized on Sunday, December 28, after representatives from the House of Representatives and the Senate signed the document. The signing marks a crucial milestone in the budget process, signaling that lawmakers have…
-
Reeves’s Job-Tax Drive Triggers Biggest G7 Hiring Slump Yet
Overview: A Plan with Broad Hiring Effects The UK is facing what many analysts are calling the most significant hiring slowdown among the G7 nations in recent memory. Central to the debate is a set of policy moves championed by UK Chancellor Rachel Reeves, including a new approach to payroll taxes and inflation-driven wage policy.…
-
Big Scandals That Rocked Kenya in 2025
Overview The year 2025 was a watershed moment for Kenya as several high-profile scandals exposed deep-rooted weaknesses in governance. From state institutions to digital platforms meant to simplify public service delivery, billions of shillings were reportedly misused, pausing progress and triggering nationwide debate about accountability and reform. This article consolidates the major incidents, their common…
-
Japan’s Cabinet Approves Record $785 Billion Budget to Curb Debt and Invest in Growth
Overview: A Historic Budget in a High‑Stakes Runup Japan’s cabinet, led by Prime Minister Sanae Takaichi, approved a record 112 trillion yen (roughly $785 billion) budget for the upcoming fiscal year. The decision marks a milestone in Japan’s ongoing effort to stimulate growth while keeping a lid on the nation’s swelling debt. The budget signals…
-
World Bank Loan for Tax Reforms in Pakistan: Fairness and Transparency
Overview: A New Push for Tax Reform in Pakistan The World Bank has approved a new $700 million loan to Pakistan aimed at reshaping the country’s tax system. This comes after a prior $470 million package focused on increasing tax revenue. The latest tranche seeks to deepen tax reforms, enhance fairness, and improve the transparency…
-
NFC Award Politics Heats Up as Federal-Provincial Tensions Rise
Background: What Is the NFC and Why It Matters The National Finance Commission (NFC) is a constitutional mechanism in Pakistan that determines the distribution of financial resources between the federation and the provinces. Its decisions chart how billions of rupees are allocated for development, public services, and social protection. When the NFC award is renegotiated,…
-
World Bank Approves $700 Million Loan for Tax Reforms in Pakistan to Boost Fairness and Transparency
Overview of the Loan and Its Goals The World Bank has approved a new $700 million loan to Pakistan, following a previous $470 million package aimed at expanding the tax base. The latest funding is designed to introduce tax reforms that promote fairness, increase transparency in public budgeting, and strengthen revenue collection. The overarching objective…