Chicago, which faces a roughly $1 billion budget gap next year, increased a revolving line of credit with RBC by $100 million and extended the maturity date by more than two years, according to an amendment to an agreement dating to December 2021 https://t.co/VK8NT0OyCB ...

Fiscal Policy - Russia aims to hold federal spending flat next year [1] - Russia is considering tax hikes to address a widening budget gap [1] Economic Impact - Fiscal pressure from the war in Ukraine continues to mount [1]

Ukraine’s situation is pressing. Filling its budget gap will need handouts, which European leaders are reluctant to offer amid belt-tightening at home https://t.co/7VgBEWZ8Qn ...

Fiscal Policy & Budget - Russia may need to reduce spending due to a budget deficit exceeding official projections [1] - Declining reserves are contributing to the need for potential spending cuts [1]

One of California’s biggest transit systems issues bonds to confront a looming budget gap https://t.co/ChVSVNdSml ...

Funding & Budget - The Philippines sold $3.65 billion (十亿) of treasury bonds to individual investors [1] - The bond sale aims to plug the Philippines' budget gap [1] Government Finance - The Philippines is utilizing treasury bonds as a key funding source [1]

Economic Outlook - Nigerian economic reforms have improved investor sentiment [1] - Lower oil prices are hurting Nigeria's finances [1] - Lower oil prices will widen Nigeria's budget gap this year [1]