（原标题：肯政府发布2026/27财年预算草案，借贷狂潮未放缓） 肯《星报》10月22日报道，肯财政部发布26/27财年预算报告，预计26/27财年 总收入（包括援助拨款 (AIA)）将达到3.6万亿先令，占GDP的17.1%。2026年7 月1日开始的财政年度，政府预算支出将增长 9.7%，占该国国内生产总值的 22.2%，达到4.65万亿先令，比本财年增加4000亿先令。创纪录的高支出可能 导致该国借款高达1.02万亿先令来填补赤字。财政部数据显示，肯尼亚的借贷 狂潮没有放缓的迹象，目前，该国债务已突破11万亿先令大关。 ...

综合哥伦比亚媒体报道，10月16日，哥国会表决通过政府2026年度国家总预算草案，总金额546.9 万亿比索（约合1427亿美元），是佩特罗政府任内及近年最高预算，其中公共债务、教育、医疗领域是 资金分配前三位。但该预算需依赖16万亿比索税收法案提供资金，最终能否执行将由国会另行表决。 （原标题：哥伦比亚国会批准2026年财政预算） ...

宏观研究团队 ——国庆海内外要闻 | 何宁（分析师） | 陈策（分析师） | 潘纬桢（分析师） | | --- | --- | --- | | hening@kysec.cn | chence@kysec.cn | panweizhen@kysec.cn | | 证书编号：S0790522110002 | 证书编号：S0790524020002 | 证书编号：S0790524040006 | 全球宏观要闻：美国政府陷关门危机，日本或将迎女首相 1、美国政府再度陷入关门危机。当地时间 10 月 1 日凌晨，由于美国两党就 2026 财年预算问题未能达成一致，美国政府时隔 7 年后再度关门，两党此次争议的焦 点在《平价医疗法案》的补贴问题，目前已进入第 2 周，但影响或可控。 2025 年 10 月 08 日 美国政府关门推涨黄金，国内消费"量"仍好于"价" 2、高市早苗当选自民党总裁，或成为日本首任女首相。10 月 4 日，高市早苗成 功当选日本自民党总裁，预计其将成为日本首任女首相。从其经济政策等主张来 看，高市早苗主张财政扩张和政治右倾立场，对日股形成利多，日元和日债偏空。 3、法国总理勒科尔尼"闪电"辞职 ...

难怪美国一直在中美贸易谈判问题上表现得很急迫，原来是方方面面都被中国打得有点痛。 近日，美国财政部公布了新一期美债数据，今年前7个月，中国累计抛售了约537亿美元（约3820亿元人 民币）的美债。 仅7月一个月，中国抛售的美债数量就达到了257亿美元（约1829亿元人民币），持有的美债数量仅剩 7307亿美元，是2019年以来的最低。 中国大规模减持美债 个月抛了超1800亿元 ! 创2009年以来新低 近日,美国财政部公布的2025年7月 国际资本流动报言显示，中国当月减持 257亿美元(约合人民币1829亿元) 美国国债,持仓规模降至7307亿美元, 创2009年以来新低。 来源：每日经济新闻 9月20日 环球网 "环环带你看天下" 搜狐号@古古聊军事 经料画面 而众所周知，如今的美债早已成为了美国经济和美元霸权的支柱之一。 虽说在金融市场上，买入或卖出美债都是正常，但中国作为美债最大债主之一，大规模减持美债，势必 会加剧国际市场的恐慌，甚至可能引发跟风抛售，对美国财政和美元霸权都将产生一定影响。 而近日，特朗普也公开警告说，美国很可能会停摆，因为10月1日是通过联邦政府预算的最后期限，但 美国民主共和两 ...

Group 1 - The U.S. dollar strengthened by 0.3% to 97.662, rebounding against most major currencies after the Federal Reserve cut interest rates but indicated a gradual easing in the future [1][2] - The Fed's "dot plot" forecast suggests two more rate reductions this year, but the actual votes were not as dovish as the statement indicated, reflecting concerns about the labor market [2] - Analysts suggest that the current dollar strength may be a counter-trend move, with expectations of better selling levels in the near future [3] Group 2 - The British pound fell 0.6% to $1.3468, marking its largest two-day drop since early April, driven by concerns over the fiscal outlook following a surge in borrowing [4][5] - Despite a 0.5% increase in UK retail sales in August, the poor borrowing data highlighted challenges for the UK Chancellor in delivering the budget [5][6] - The borrowing figures are the highest for the first five months of a financial year since 2020, potentially leading to further tax increases to meet fiscal rules [6][7]

Core Points - The German federal cabinet has approved the draft budget for 2026, focusing on public investment as a key aspect of fiscal policy, with the investment scale reaching a new high following 2025 [1] - The total planned expenditure for the German federal government in 2026 is €520.5 billion, representing a 3.5% increase from the previous year [1] - Public investment is set to reach €126.7 billion, marking a historical peak, with funds directed towards transportation infrastructure, housing construction, digital development, and national defense [1] - A portion of the funding will come from a special infrastructure fund approved by the Bundestag in March, which has a total scale of €500 billion [1] - Analysts indicate that even with the special fund, it will be challenging to alleviate the tight fiscal resources, as current economic growth is weak and tax revenues have not met expectations [1] - The German Economic Institute has stated that the federal government's tax cuts and economic stimulus measures have further increased fiscal pressure, leading to an expanded fiscal gap [1] - The draft budget is expected to show a budget deficit of €172 billion from 2027 to 2029 [2] - The draft will be submitted to the Bundestag for review and voting by the end of this year [3]

当地时间7月30日，德国内阁通过了2026财年预算案。根据预算案，2026年，德国政府总预算为5205亿 欧元，比2025年增加3.5%。其中国防预算增至837亿欧元，与今年相比大幅增加32%。 此外，默茨领导的本届政府计划到2029年任期结束时将国防预算进一步增至1528亿欧元，将占当年国内 生产总值的3.5%。在2026年的财政预算中，德国政府计划新增债务899亿欧元，其中的大部分将用于投 资以刺激经济，希望借此摆脱衰退并实现增长。 德国政府的2026财年预算案将于今年下半年先后提交联邦议院和联邦参议院审议。 （文章来源：央视新闻） 德国政府通过的2026财年预算案并没有得到在野党的认可。最大反对党德国选择党批评默茨政府的无效 或低效开支太多，加重了政府债务负担。绿党则不满政府削减了福利支出并为高收入人群减税。左翼党 指责政府大幅增加军费的同时减少了社会治理和环保的支出。 ...

金十数据7月30日讯，周三，德国内阁批准了2026年预算草案，其中包括创纪录的1267亿欧元投资和 1743亿欧元借款，旨在加强基础设施和国防。这个欧洲最大的经济体已经从经济强国变成了欧元区的落 后者，德国正在抛弃数十年的财政保守主义，努力恢复经济增长，使其破旧的基础设施现代化，并扩大 军事开支。 德国内阁批准2026年预算 其中包含创纪录投资 ...

Group 1 - International silver prices maintained a critical level at $36.30, with a daily high of $36.93 and a low of $36.60, indicating market stability [1] - The U.S. employment report for June exceeded expectations, with the unemployment rate dropping to 4%, suggesting a robust labor market [2] - The optimistic economic data from the U.S. supported a rise in the dollar, impacting silver prices positively [3] Group 2 - Silver prices closed at $36.85, marking a 0.80% increase, and are approaching a double bottom pattern, indicating potential upward movement [3] - A breakthrough above the June 26 high of $36.83 is necessary for silver to challenge the year-to-date high of $37.31 [3] - Key resistance levels for silver are identified at $37.49 and $38.00, while a drop below $36.00 could lead to further declines [3]

Group 1 - The German government cabinet approved the 2025 budget draft and the 2026 budget framework on October 24 [1] - The new budget focuses on increasing investment to stimulate economic growth, with planned investments of €115.7 billion in 2025 and approximately €123.6 billion in 2026, significantly higher than the €74.5 billion investment in 2024 [2] - The Deputy Prime Minister and Finance Minister, Christian Lindner, stated that Germany will maintain annual investments of around €120 billion until 2029 [2] Group 2 - The budget draft includes a medium-term financial plan indicating that defense spending will reach 3.5% of GDP by 2029, with an estimated defense budget of €95 billion in 2025 and €162 billion by 2029 [3] - The previous German government collapsed in November last year, which delayed the approval of the 2025 budget, leading to the use of a temporary budget since 2025 [3] - The 2026 budget framework is scheduled for discussion in the Bundestag in September, with approval expected in November and the Bundesrat in December [3]