（原标题：国际货币基金组织将加纳列为非洲第四大债务国） 根据"加纳网"2月19日报道，IMF将加纳列为第四大债务国，埃及、科特迪瓦和肯尼亚位列前三。 根据国际货币基金组织（IMF）公布的数据，截至2026年2月，加纳欠款达19.6亿特别提款权（SDR）， 约合28.4亿美元，较2025年12月的28.5亿特别提款权（SDR）有所下降。 埃及以58.8亿美元的未偿还债务位居非洲首位，科特迪瓦（36.2亿美元）和肯尼亚（29.3亿美元）分列 第二、三位。安哥拉（24.9亿美元）排名第五。 另据加纳央行数据显示，受汇率波动影响，该国公共债务总额在2025年9月至11月期间减少约400亿加纳 塞地，降至6446亿加纳塞地。以美元计算，同期公共债务从57.8亿美元降至57.2亿美元。 ...

新华财经巴黎2月21日电（记者崔可欣）法国政府20日正式公布2026年国家预算案，历时4个月的"马拉 松式"议会辩论至此落下帷幕。舆论认为，这意味着由总理勒科尔尼领导的政府有望迎来一段相对稳定 的执政期。 根据最终确定的目标，2026年法国公共财政赤字率将控制在5%左右，高于政府最初设定的4.7%，但低 于2025年的5.4%。削减公共支出仍是本次预算的主线，但国防开支将增加65亿欧元。税收方面，政府 强调保持现行税制框架总体稳定，但较最初方案增加的多项税收内容仍可能引发企业界不满。 预算案谈判期间，相关争议一度扰动法国债券市场，加剧投资者对财政前景的担忧。与此同时，法国公 共财政长期积累的高额赤字令削减支出、控制债务的压力持续上升。数据显示，截至2025年第三季度 末，法国公共债务总额达34822亿欧元，占国内生产总值的117.4%。 分析人士指出，在欧盟重新收紧财政纪律背景下，法国经济面临较大整固压力。根据欧盟相关规则，成 员国财政赤字率应控制在3%以内。当前法国财政赤字率和债务水平明显高于这一标准，未来数年财政 调整任务艰巨。 （文章来源：新华社） 这是自2024年法国总统马克龙宣布解散国民议会以来，各 ...

市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 根据最终确定的预算目标，2026年法国公共财政赤字率将控制在5%左右，高于政府最初设定的4.7%， 但低于2025年的5.4%。削减公共支出仍是本次预算的核心方向，不过国防开支将增加65亿欧元。税收 方面，政府明确将保持现行税制框架总体稳定，但政府在本次预算中相较于最初方案新增的多项税收内 容，仍可能引发企业界不满情绪。 截至2025年第三季度末，法国公共债务总额达34822亿欧元，占国内生产总值的117.4%。按照欧盟相关 规则，成员国财政赤字率需控制在3%以内，当前法国赤字率与债务水平均显著超出标准，未来数年财 政调整任务艰巨。 2026年2月20日，法国政府正式公布2026年国家预算案，持续4个月的议会辩论至此落幕。 这是2024年法国总统马克龙宣布解散国民议会后，各方在政治分化背景下经多轮磋商妥协达成的第二份 国家预算案。为推动预算案完成立法程序，总理勒科尔尼向左翼阵营作出重要让步，并三次动用宪法相 关机制，在不同审议阶段绕过国民议会表决推进法案通过。期间反对党发起的多轮不信任动议均未获通 过。 ...

Core Viewpoint - The International Monetary Fund (IMF) warns the Japanese government to maintain the independence of the Bank of Japan and control fiscal expansion, advising against reducing consumption tax to address living costs [2] Monetary Policy - The IMF emphasizes that the independence and credibility of the Bank of Japan are crucial for stabilizing inflation expectations [2] - The report suggests that the Bank of Japan should continue to exit monetary easing, aiming for the policy interest rate to reach neutral levels by 2027 [2] Fiscal Policy - The IMF advises against further fiscal loosening in the short term, which contradicts the campaign promise of "responsible active fiscal policy" proposed by the current administration [2] - While Japan has some fiscal space, the IMF stresses the need for fiscal restraint to solidify fiscal buffers and maintain the ability to respond to shocks [2] - The IMF predicts that Japan's government fiscal deficit will widen in the long term, with increasing spending pressures and a further rise in total public debt [2] - The IMF highlights that high debt levels, combined with deteriorating fiscal conditions, pose a series of shocks to the Japanese economy [2] Consumption Tax - Regarding the proposed two-year "zero food consumption tax" campaign promise, the IMF explicitly states that reducing consumption tax should be avoided, as it would compress fiscal space and increase fiscal risks [2]

Group 1 - The IMF warns the Japanese government to maintain the independence of the Bank of Japan and control fiscal expansion, avoiding tax cuts as a response to livelihood issues [1][2] - The IMF emphasizes that the independence and credibility of the Bank of Japan are crucial for stabilizing inflation expectations, recommending a continued exit from monetary easing with a target policy rate reaching neutral levels by 2027 [1] - The IMF expects the Bank of Japan to raise interest rates twice this year and again in 2027 [1] Group 2 - The IMF predicts that Japan's fiscal deficit will widen, with increasing spending pressures and public debt remaining among the highest in major economies [2] - Interest payments on Japan's debt are expected to double by 2031 compared to 2025 due to higher yields on existing debt [2] - The IMF advises against the proposed two-year "zero food consumption tax" campaign promise, stating that such non-targeted tax cuts would compress fiscal space and increase financial risks [2]

（原标题：加纳公共债务于2025年11月降至6446亿塞地） 根据"乐在网"1月27日报道，加纳公共债务在2025年9月至11月期间减少400亿塞地，总额降至6446亿塞 地（约合572亿美元），约占国内生产总值的45.5%。 根据加纳央行发布的数据，2025年11月以美元计价的公共债务总额为572亿美元，较10月的578亿美元有 所下降，但高于9月的551亿美元。值得注意的是，该国公共债务在2025年3月至5月期间曾减少1564亿塞 地，降至6120亿塞地，此后呈上升趋势直至10月出现大幅下降。 从债务结构分析，2025年11月外债规模为293亿美元，较上月下降0.68%，相当于国内生产总值的 23.3%；国内债务从9月的3176亿塞地降至3145亿塞地，约占国内生产总值的22.2%。 财政运行方面，2025年11月财政赤字占国内生产总值的比例为1.4%，但同期基本财政余额实现占国内 生产总值2.8%的盈余，显示财政状况出现结构性改善。值得关注的是，央行数据显示该国2026年10月 公共债务已达6302亿塞地，预示未来债务管理仍面临持续挑战。 ...

（原标题：巴西2025年财政赤字预计占国内生产总值的0.48%） 巴西媒体报道，巴西财政部部长阿达对媒体表示，2025年初级财政赤字将达到GDP的0.48%。此次 赤字统计新纳入司法判决债务，体现财政透明度上升，有助于纠正财政扭曲现象。若扣除司法判决债 务，财政赤字水平符合年初制定的"零赤字"财政目标。阿达表示，目前公共债务的主要压力来源是高位 利率。 ...

Economic Growth Outlook - France's economic growth is projected to be 0.9% in 2025 and 1% in 2026, with a notable acceleration in GDP growth of 0.5% quarter-on-quarter in Q3 2025, indicating enhanced economic momentum [1] - The recovery in the French economy is attributed to multiple factors, including improved economic momentum in the second half of 2025, stabilization in investment, and better-than-expected industrial recovery [1] Sector Performance - The aerospace sector's easing supply constraints contributed to a 1.3% quarter-on-quarter increase in manufacturing output, while manufacturing exports rose by 4.8% and corporate investments increased by 0.8% [1] - The monthly business survey by the Bank of France indicates continued improvement in economic activity, particularly in the industrial sector, with key indicators remaining above long-term averages for six consecutive months [2] Inflation and Consumer Power - As of November 2025, France's inflation rate increased by 0.9% year-on-year, remaining relatively low within the Eurozone, which supports consumer purchasing power and provides a predictable environment for businesses [1] - The stability in industrial sales prices and a slight increase in service prices were noted, with 8% of industrial firms reporting significant supply difficulties and 16% facing recruitment challenges, both showing a decrease from previous levels [2] Structural Challenges - Despite improved growth prospects, France's economy faces structural pressures, with public debt reaching €348.22 billion, accounting for 117.4% of GDP, and a projected fiscal deficit of 5.5% of GDP for 2025, significantly above the EU's 3% limit [3] - The French parliament has not yet formally approved the 2026 budget, leading the government to propose a "special law" to continue taxation and borrowing, which is crucial for maintaining normal operations of state institutions [3]

Economic Growth Outlook - France's economic growth is projected to be 0.9% in 2025 and 1% in 2026, with a notable acceleration in GDP growth of 0.5% quarter-on-quarter in Q3 2025 compared to Q2 [1] - The recovery in the French economy is attributed to multiple factors, including improved economic momentum in the second half of 2025, stabilization in investment, and better-than-expected industrial recovery [1] Sector Performance - The aerospace sector's easing supply constraints contributed to a 1.3% quarter-on-quarter increase in manufacturing output, while manufacturing exports rose by 4.8% and corporate investments increased by 0.8% [1] - A monthly business survey by the Bank of France indicated continued improvement in economic activity, particularly in the industrial sector, with key industries like computers, electronics, and optics driving growth [2] Inflation and Consumer Prices - France's inflation rate rose by 0.9% year-on-year in November 2025, remaining relatively low within the Eurozone, which helps stabilize consumer purchasing power expectations [1] - The stability in industrial sales prices and a slight increase in service prices were noted, with 8% of industrial firms reporting significant supply difficulties and 16% facing recruitment challenges, both showing a decrease from previous levels [2] Structural Challenges - Despite improved growth prospects, France's economy faces structural pressures, with public debt reaching €348.22 billion, accounting for 117.4% of GDP, and a projected fiscal deficit of 5.5% of GDP for 2025, significantly above the EU's 3% limit [3] - The French parliament has not yet formally approved the 2026 budget, leading the government to propose a "special law" to continue tax collection and borrowing, which is crucial for maintaining normal operations of state institutions [3]

Core Viewpoint - The Japanese government is set to finalize the budget draft for the fiscal year 2026, with total expenditures expected to exceed 122 trillion yen for the first time, marking a historical high [1] Group 1: Expenditure Drivers - The increase in expenditures is primarily driven by two factors: rising social welfare costs and new fiscal support measures aimed at alleviating the impact of rising living costs on households and businesses [1] - These policy directions reflect Japan's fiscal priorities amid the challenges of an aging population and concurrent inflationary pressures [1] Group 2: Debt and Financing - With rising interest rates, the financing costs of Japan's substantial public debt have significantly increased, with expenditures for debt repayment expected to exceed 30 trillion yen in fiscal year 2026, up from a record 28.2 trillion yen in fiscal year 2025 [1] - Despite anticipated nominal tax revenues surpassing the historical high of 80.6 trillion yen for the current fiscal year, fiscal revenues are still unlikely to cover the gap created by the expansion of expenditures [1] - To address the budget deficit, the government plans to issue slightly over 28.6 trillion yen (approximately 182 billion USD) in new government bonds for fiscal year 2026, continuing the trend of high bond issuance seen in recent years [1]