Saudi Arabia has recorded a sharp increase in its budget deficit, driven by declining oil revenues amid disruptions linked to the effective closure of the Strait of Hormuz.

The United States reported a higher budget deficit in March, as increased tax refunds and relief payments outweighed modest gains in revenue, according to the U.S. Department of the Treasury.

Azerbaijani President Ilham Aliyev has approved the “State Budget for 2026,” following its adoption by the National Assembly on December 9.

The Czech central state budget is expected to exceed its planned deficit this year, Finance Minister Alena Schillerova said. The target was 241 billion crowns ($11.7 billion), but the deficit had already reached 266 billion crowns when she took office on December 15 and rose to 275 billion crowns just four days later.

The US budget deficit decreased to $1.77 trillion in fiscal year 2025, marking a 2% reduction compared to the previous year, according to an announcement from the Treasury Department on Thursday.

The U.S. federal budget deficit is expected to be nearly $1 trillion higher over the next ten years than previously forecast, the Committee for a Responsible Federal Budget said on Wednesday.

Elon Musk has openly criticized President Donald Trump’s tax legislation, arguing that it undermines ongoing efforts to reduce government spending.

Saudi Arabia's Finance Ministry has approved a borrowing plan of $37 billion (139 billion Saudi riyals) for the financial year 2025, aimed at covering the expected budget deficit.