（原标题：克罗地亚2025年上半年预算赤字20亿欧元） 上半年国家预算总收入达 150 亿欧元，比 2023 年上半年增长 7%。税收收入增长 5.1%，达到 85 亿 欧元。养老金缴款收入达28亿欧元，同比增长19.2%。养老金支出达43亿欧元，同比增长11.2%。 据克N1网媒9月26日报道，克罗地亚副总理兼财政部长普里莫拉茨今天在提交克罗地亚2025年国家 预算执行情况半年报告时表示，根据国家计算方法，2025 年上半年，一般预算赤字为20亿欧元，占 GDP的2.2%。国家预算赤字达19亿欧元，占GDP的2.1%，国家预算的预算外用户实现盈余1.394亿欧 元，占GDP的0.2%，而地方和区域自治单位以及县级公路管理局的赤字为2.11亿欧元。 ...

根据美国国会预算办公室（CBO）的最新数据，尽管美国总统特朗普的关税政策带来了可观收入，但 这笔进账很大程度上被首次突破万亿美元大关的国债利息支出，以及其他不断增长的开支所抵消，使美 国的整体财政状况改善甚微。 美国2025财年的预算赤字维持在1.8万亿美元的高位，几乎未见缩减。 据这家无党派机构10月8日周三发布的报告，在截至9月30日的2025财年中，财政缺口仅比2024财年减少 了80亿美元。这一初步估算数据的发布，正值美国联邦政府因停摆而可能推迟财政部官方统计数据的公 布。一位财政部发言人未就报告的发布时间回应置评请求。 CBO的估算显示，2025财年联邦政府总收入增长了3080亿美元，增幅为6%，但总支出也同步增长了 3010亿美元，增幅为4%。其中，公共债务的利息支出成为推动开支上涨的关键因素，其年度总额历史 上首次超过1万亿美元。 在经济扩张时期，如此高企的赤字水平令经济学家感到不安。根据CBO在9月份对GDP的预测进行估 算，2025财年的赤字占GDP比重约为5.9%。这一数字给财政部长贝森特带来了挑战，他此前设定的目 标是在2028年特朗普任期结束前，将该比例大幅削减至3%。 尽管5.9%的 ...

Group 1 - The FOMC will release the minutes from its mid-September meeting, which may provide insights into future monetary policy decisions [1] - The University of Michigan will release the results of its consumer survey, which is expected to reflect consumer sentiment and spending trends [1] - This week will also bring earnings reports from Constellation Brands, which could impact the beverage industry and investor sentiment [1]

王爷说财经讯：俄乌战争持续，俄罗斯没钱了？外媒爆料：俄罗斯财政部提议增值税加税，以此扩充国库收入！ 那么目前俄罗斯财政情况如何？增值税加税又能给俄罗斯带来多少税收呢？一起来看看数据！ 值得一提的是，俄罗斯的增值税是指包括商品、服务在生产、流通、销售的每个环节中，都有所谓的增加的价值，因为这些价值而被课税，所以增值税会 直接影响到消费者。 此外，据总部设在荷兰的莫斯科时报(The Moscow Times)报道，俄罗斯财政部安抚消费者，称加税对商品价格的影响将是温和且有限的，如下图： 9月24日消息，据外媒报道，俄乌战争持续2年半，俄罗斯出现明显的预算赤字，必须靠加税来弥补。 根据俄罗斯《生意人报》的说法，俄罗斯财政部当地时间9月24日提议，从明年开始提高增值税 (VAT) 从 20% 提高到 22%，此次增税将可为每年带来约1.3 万亿卢布的税收。 对此，俄罗斯央行表示，2019年增值税仅调高2%，就导致当年通胀率上升了0.6个百分点。只要消费税上调，都会直接推高商品和服务价格上涨，也就加 剧通膨。 作为俄罗斯最大的税收来源，增值税预计到2025年的增值占到俄罗斯政府总收入的40%，也正是因为这样，所以这也使 ...

Group 1 - Fitch Ratings confirmed Kenya's long-term credit rating at "B-" with a stable outlook as of the end of July [1] - High debt repayment costs, weak governance, and low income are expected to lead to a budget deficit of 5.2%, significantly higher than the "B" median of 3.6% [1] - The Kenyan government aims to reduce spending to 22% of GDP by the fiscal year 2025/26, a decrease of nearly one percentage point [1] Group 2 - Fitch anticipates limited progress in spending control due to rising debt repayment costs and increased social and security demands [1] - The revenue outlook is conservative, with total revenue projected to slightly increase to 17.2% of GDP in the fiscal year 2025/26, below the government's target of 17.5% and the "B-" level corresponding 17.7% [1]

同期，俄联邦预算石油和天然气收入为5.52万亿卢布（折合约695亿美元）， 同比下降18.5%，下降主要原因是卢布走强叠加油价下跌。非石油和天然气收入同 比增长14％，达14.79万亿卢布（折合约1863亿美元）。 俄塔斯社网站8月8日报道，据俄财政部报告，2025年1-7月，俄联邦预算收入 为20.315万亿卢布（按俄央行8月8日汇率，折合约2559亿美元），同比增加2.8%， 支出为25.19万亿卢布（折合约3173亿美元），同比增加20.8%；赤字为4.88万亿卢 布（折合约614亿美元），比去年同期减少3.78万亿卢布（折合约476亿美元）。当 前预算赤字水平主要由于2025年1月超前拨款支出以及石油和天然气收入减少，预 计不会影响执行2025年全年结构性平衡目标。 （原标题：u200b2025年1-7月俄预算赤字规模同比减少约476亿美元，石油和天然气收入下降18.5%） 2025年1-7月俄预算赤字规模同比减少约476亿美元，石油和天然气收入下降 18.5% ...

Economic Policy and Interest Rates - The central bank of Russia cut its benchmark interest rate by one percentage point to 17% to support the economy amid slowing growth and increased war spending [1] - The bank previously raised its key rate to 21% to combat inflation but is now retreating due to concerns from business leaders and legislators about the negative impact on economic activity [1][2] Inflation and Economic Growth - Inflation in Russia eased somewhat to 8.2% in July and August, but expectations remain elevated, which may hinder a sustainable slowdown in inflation [2] - Year-over-year economic growth slowed to 1.1% in Q2 from 1.4% in Q1 and 4.5% at the end of the previous year, with a negative 0.6% growth compared to the previous quarter [4] Budget Deficit and Spending - The budget deficit increased to 4.9 trillion rubles ($58 billion) in the January-July period, significantly up from 1.1 trillion rubles the previous year, with spending at 129% of the planned amount [5] - Oil and gas revenues fell by 19% compared to the same period last year, partly due to lower global oil prices [5] Economic Resilience - Despite sanctions and the loss of natural gas sales to Europe, the Russian economy has performed better than expected, with record low unemployment and rising household incomes [6] - Recruitment bonuses have injected cash into poorer regions, and oil shipments have remained steady despite price fluctuations [6] Financing the Deficit - The government is financing its deficit by selling ruble bonds to domestic banks, which are eager to purchase them in anticipation of falling interest rates [7]

Market Performance - The market experienced significant gains with the Dow increasing by 617 points, the S&P 500 jumping 85%, and the Nasdaq climbing 72%, all closing at record highs [1] Investor Sentiment - There is a prevailing skepticism among investors, particularly those who have historically been bearish, making it difficult for them to adopt a bullish stance despite positive market movements [2][3] - The challenge in shifting from a negative to a positive outlook is compounded by the historical context of market crashes and the fear of being ridiculed for optimistic predictions [4] Economic Context - The current economic backdrop includes a substantial federal debt of $37 trillion and geopolitical tensions, which contribute to a cautious investor sentiment [5] - Ongoing conflicts, such as the war in Ukraine and Gaza, along with strained international relations, add to the complexity of the market environment [6] Interest Rates and Inflation - Despite a slightly higher than expected consumer price index, Treasury yields decreased, which has puzzled skeptics who believe that such inflation readings should lead to higher yields [7]

Economic Context - Indonesia's economy is currently facing challenges, with a target growth rate of 8% for 2025 appearing increasingly unattainable due to weak household consumption and a significant decline in investment [1][6] - The economy grew by 4.87% year-on-year in the first quarter, but this represented a 0.98% contraction compared to the previous quarter, marking the lowest growth since Q3 2021 [6] - The government's "free lunch" program for students is expected to cost approximately $30 billion annually, which is about 14% of the national budget, raising concerns about the budget deficit nearing the legal limit of 3% of GDP [6] Social Unrest - The recent protests in Indonesia were triggered by the high housing allowance of 50 million Indonesian rupiah (approximately 21,795 RMB) provided to members of parliament, which is nearly ten times the minimum wage in Jakarta [3] - The protests escalated into violence after a tragic incident where a motorcycle taxi driver was killed by a military vehicle, leading to attacks on the homes of lawmakers, including Finance Minister Mulyani Indrawati [3][4] - Over 700 people were reported injured due to the protests, with damages to infrastructure estimated at around 55 billion Indonesian rupiah (approximately 23.96 million RMB) [4] Government Response - President Prabowo emphasized the need to maintain social order and public safety, announcing the cancellation of certain allowances for parliament members and the suspension of overseas trips for lawmakers [3][5] - The government is attempting to address public grievances and restore stability, with officials urging unity among citizens and a commitment to listening to public opinion [4][5] - Despite the unrest, the Coordinating Minister for Economic Affairs reassured that the economy remains on track, projecting a growth target of 5% to 5.2% for the year [6]

美国关税收入在8月份突破310亿美元，创下单月历史新高。 美国财政部最新报表显示，截至8月29日，美国8月关税收入达到313.7亿美元，本财年累计已达1835.6亿美 元。美国财政部长贝森特在社媒上表示： 八月已过，关税收入突破310亿美元，创历史新高。随着关税收入持续增长，特朗普政府正在努 力收拾接手的财政困境。 8月美国国会预算办公室预计，特朗普的关税政策可能在十年内将预算赤字减少约4万亿美元，包括3.3万亿 美元的基本赤字减少和7000亿美元的利息成本降低，高于此前2.5万亿美元的预估。 上周，贝森特预计美国年度关税收入可能超过5000亿美元，远高于此前3000亿美元的预估。他在8月26日表 示： 我认为我们很可能达到5000亿美元以上，甚至接近1万亿美元的水平。本届政府已经对预算赤字 产生了实质性影响。 然而据央视报道，美国联邦上诉法院上周裁定特朗普的大部分关税措施违法，认定总统超越了《国际紧急经 济权力法》授予的权限。该裁决将于10月14日生效，为白宫向最高法院上诉留出时间窗口。 政府寻求最高法院介入 特朗普9月2日宣布，政府将于9月3日要求最高法院加快审查该裁决。他向记者表示： 没有关税，这个国家 ...