Latest news with #fiscal year
Zawya
17-07-2025
- Business
- Zawya
IMF adjusts Egypt's primary balance surplus for FY2025/26 downward at 4% of GDP
Arab Finance: Egypt's primary balance surplus, excluding divestment proceeds, is expected to reach 4% of gross domestic product (GDP) in fiscal year (FY) 2025/2026, the International Monetary Fund (IMF) said in its latest report. The projection is 0.5% lower than the previous program commitments. However, the IMF projects the primary balance surplus to rise to 5% of GDP in FY 2026/2027. The debt-to-GDP ratio is forecast to follow a downward trajectory. This is driven by primary surpluses being sustained, favorable interest-growth differentials persisting, and half of aggregate divestment inflows continue to be allocated to debt reduction. The IMF commented: 'The progress toward fiscal consolidation in the first half (H1) of FY2024/2025 was less strong than initially projected under the program despite strong growth in tax revenue collections.' 'The authorities are taking steps to contain spending in the second half of the fiscal year, to ensure that the end-year fiscal target for FY 2024/2025 is met,' the fund added. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
17-07-2025
- Business
- Zawya
Canada plans to raise bond issuance by 31% in 2025-26
TORONTO: Canada plans to increase bond issuance by 31% in the current fiscal year, the government's Debt Management Strategy document showed on Wednesday. Bond issuance is set to increase to C$316 billion ($230.96 billion) in 2025-26 from C$241 billion in 2024-25, with supply rising across the yield curve as Canada refinances maturing debt and meets other financial requirements. The fiscal year began in April. The planned increase in the stock of T-bills is much less, at C$296 billion from C$285 billion, while the government said it will terminate the 1-month treasury bill program on August 12. Planned total borrowing of C$623 billion would eclipse the record high set in the pandemic. Prime Minister Mark Carney has said his government, which retained power in an April general election, will present a budget in the fall. The budget is typically tabled by April, the first month of the fiscal year. ($1 = 1.3682 Canadian dollars) (Reporting by Fergal Smith; Editing by Richard Chang)
Bloomberg
11-07-2025
- Business
- Bloomberg
US Tariffs Revenue Climbs to Fresh Record for Single Fiscal Year
US revenue from customs duties this fiscal year surpassed $100 billion for the first time, reflecting higher tariffs imposed by the Trump administration. The Treasury Department recorded $27 billion in customs-duties revenue for June, bringing fiscal year-to-date inflows from levies to $113 billion, according the agency's monthly budget statement. Total government revenue for the month increased about 13% from a year ago.
