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Brazil ranks second in judicial spending worldwide, dedicating 1.33% of GDP to the judiciary, significantly higher than the global average. This spending totals R$ 156.6 billion, with a substantial portion …
Brazil’s Judiciary Spending: Second Highest in the World After El Salvador Read More
South Africa’s plan to increase VAT by 2 percentage points to 17% may dampen consumer spending recovery, according to Shoprite CEO Pieter Engelbrecht. Business leaders express concerns about operational challenges …
South Africa’s VAT Increase Threatens Consumer Spending Recovery Read More
The South African Cabinet has finalized discussions on the funding of the 2025/26 budget, with the Minister of Finance to present the budget to Parliament on March 12, 2025. A …
South Africa’s Cabinet Finalizes Engagements on 2025 Budget Funding Shortfall Read More
Treasury Secretary John Mbadi has been instructed by Controller of Budget Margaret Nyakango to reduce Kenya’s GDP debt ratio to 55% by 2029. Currently, public debt has decreased from 71.9% …
Treasury Secretary Urged to Address Kenya’s Debt Burden by 2029 Read More
The Nairobi Court has temporarily suspended KRA’s new organizational changes due to a petition alleging violations of constitutional principles regarding public participation and lawful fund usage. The court’s ruling halts …
Kenya Revenue Authority’s Organizational Re-Structuring Halted by Court Read More
South Africa’s budget deficit rose to 62.68 billion rand ($3.39 billion) in January, compared to 62.42 billion rand in the same month last year, as reported by the National Treasury. …
South Africa’s January Budget Deficit Reaches 62.68 Billion Rand Read More
Kenya has secured a KSh194 billion Eurobond loan to manage its debt, with a interest rate of 9.5%. With an oversubscription of KSh646 billion from investors, the funds will refinance …
Kenya Secures New KSh194 Billion Eurobond Loan to Manage Debt Read More