The author shared a Financial Times report saying Healey had warned banks that the UK faced a “challenging” fiscal picture but had declined to comment on tax. #UKPolitics #FiscalPolicy #Banking #UK
Africa Daily Report — 1 October 2026 Major developments reported during the previous 24 hours 1. Kenya / East Africa — $16 billion Dangote refinery breaks ground in Lamu. Five African heads of state joined the groundbreaking of Dangote Group's planned $16 billion refinery in Lamu. The plant is designed to process 700,000 barrels per day and is expected to take about 40 months to complete. It is intended to reduce East Africa's dependence on imported refined petroleum, but the project still faces land-rights litigation and environmental concerns. Importance: VERY HIGH — the project could materially reshape East African fuel supply, trade flows, infrastructure investment and regional industrialisation. Direct source: https://apnews.com/article/a0ae7108ae4f4144222aea101baed3a5 2. South Africa — Ramaphosa announces response to gender-based violence. President Cyril Ramaphosa announced additional measures after the discovery of multiple murdered women in Ekurhuleni. Measures include a 60-day local-government safety audit and reviews of unresolved murder, rape and other gender-based-violence cases. Police have not established that the recent killings were committed by a single perpetrator. Importance: VERY HIGH — gender-based violence remains a major public-safety and criminal-justice challenge in South Africa. Direct source: https://www.reuters.com/world/africa/violence-against-women-south-africa-is-national-shame-president-says-2026-09-30/ 3. DR Congo — Mistrust complicates Ebola response after politician killed. Congolese politician Marie-Célestin Karondwa was killed after publicly supporting the government's Ebola response, according to AP. The killing illustrates the severe community mistrust confronting health authorities as the Bundibugyo-virus outbreak continues. Congo has recorded more than 8,000 confirmed infections and nearly 4,000 deaths in the current outbreak. Importance: CRITICAL — the combination of rapid transmission, very high mortality, insecurity and resistance to health measures poses a major regional public-health risk. Direct source: https://apnews.com/article/1ff629474298a62db44438c6eb178270 4. Zambia — Government opens talks with IMF on a new programme. Zambia began discussions with a visiting IMF mission on a successor lending programme. The country's previous $1.7 billion IMF arrangement expired in January, and Lusaka wants a new agreement before year-end. The IMF mission is scheduled to remain through October 10. Importance: HIGH — a new IMF programme could affect Zambia's fiscal policy, investment environment and economic strategy after its sovereign-debt restructuring. Direct source: https://www.reuters.com/world/africa/zambia-starts-talks-with-visiting-imf-mission-new-loan-programme-2026-09-30/ 5. South Africa / United States — Pretoria summons US ambassador. South Africa's foreign ministry summoned US Ambassador Leo Brent Bozell III over what it described as “undiplomatic conduct.” It was the third such summons in nine months, reflecting continuing strain in bilateral relations. Both governments have nevertheless indicated that dialogue is continuing. Direct source: https://www.reuters.com/world/africa/south-africa-summons-us-ambassador-again-over-undiplomatic-conduct-official-says-2026-09-30/ 6. South Africa — Anti-immigration protests held in Durban. Hundreds of demonstrators marched in Durban calling for more deportations of undocumented migrants and tighter border controls. The demonstration comes amid heightened tensions over migration and previous violence against foreign nationals. Authorities did not recognise an ultimatum previously issued by organisers demanding that undocumented migrants leave the country. Direct source: https://apnews.com/article/c086e617b555643510541f9c9906ca4b 7. Africa — WHO data show sharp increase in cholera deaths. New WHO surveillance data show that reported cholera deaths globally rose by about 30% in 2025 despite fewer reported cases. The African Region experienced a particularly sharp deterioration: reported cases increased by 34% and deaths by 58%. Angola, DR Congo, Nigeria, South Sudan and Sudan were among seven countries accounting for roughly 90% of reported global cases and deaths. Importance: VERY HIGH — the figures highlight persistent weaknesses in water, sanitation, surveillance and access to timely treatment across several African states. Direct source: https://allafrica.com/stories/202609300113.html 8. Zambia — New cholera outbreak reaches 304 cases and 11 deaths. Zambian health authorities reported 304 cholera cases across seven districts in five provinces as of September 29, with 11 deaths. Lusaka was among the affected areas. The government said eight deaths occurred in communities, pointing to delays in patients reaching treatment. Importance: HIGH — Zambia only recently ended its previous outbreak, making renewed transmission a significant public-health concern. Direct source: https://www.mwebantu.com/11-die-as-cholera-hits-seven-districts-in-five-provinces-says-ministry-of-health/ 9. Burkina Faso — Country opens its first gold refinery. Burkina Faso inaugurated its first domestic gold refinery, RAFFINOR-BF, in Ouagadougou. The facility cost more than 11 billion CFA francs and has an initial annual refining capacity of about 164 tonnes, with plans for substantial expansion. The project is intended to retain more value from the country's gold production through domestic refining, certification and processing. Importance: HIGH — the refinery is part of a wider African trend toward local mineral beneficiation and greater domestic control of commodity value chains. Direct source: https://apnews.com/article/f39f714232e1784bb5051cdf44f0b992 10. Zimbabwe — Helicopter crash reported with six people aboard. A helicopter carrying four passengers and two crew members crashed in Zimbabwe's Marondera district southeast of Harare. Government and police officials said initial information indicated there were no survivors. Authorities had not immediately released all identities or a cause for the crash. Importance: MODERATE — a significant domestic aviation accident, with investigation and identification of those aboard still pending. Direct source: https://abcnews.com/International/wireStory/helicopter-6-aboard-crashes-zimbabwe-survivors-officials-136898678 #Africa #AfricaNews #TopNewsOfAfrica #DRCongo #Ebola #EbolaOutbreak #PublicHealth #HealthSecurity #CommunityTrust #DiseaseResponse #Zambia #IMF #InternationalMonetaryFund #EconomicReform #DebtRestructuring #FiscalPolicy #AfricanEconomy #SouthAfrica #CyrilRamaphosa #GenderBasedViolence #Femicide #PublicSafety #CriminalJustice #Ekurhuleni #ViolenceAgainstWomen #AfricanSecurity #RegionalStability #Geopolitics #AfricaToday #wrldorg
``` ``` https://t.co/0NPhpPLGbS https://t.co/ZD4ussG8Ft #China #FiscalPolicy #EconomicGrowth #CN (translated)
Olivier Blanchard’s calculations show how important efforts to stabilize debt to GDP for France would be . His methodology should encourage every country to crunch the numbers using his metrics . National debt is not an abstract number ! PG @ESM_Press @ojblanchard1 #DebtToGDP #OlivierBlanchard #FiscalPolicy #FR
The genuinely scary part is that neither he, nor anyone else in his Administration comprehend that bond market does not give a toss what he or anyone else in his Administration think or say. Bond markets issue bills. Executive pays these bills. There is no symmetry of compulsion. #BondMarket #FiscalPolicy #Economics #Nocountrycodesfound.
As fiscal pressures grow across emerging markets and developing economies, how can governments raise more domestic revenue—while supporting growth and protecting vulnerable households? Our latest @WorldBankGroup report offers a roadmap 👇 https://t.co/nUXbiSDssC https://t.co/fvbCqlOXs7 #EmergingMarkets #FiscalPolicy #DomesticRevenue #Emergingmarketsanddevelopingeconomiescanrefertomultiplecountries #butwithoutspecificcountriesmentionedinthetweet #it'snotpossibletoextractcountrycodesdirectly.However #commoncountrycodesforemergingmarketsanddevelopingeconomiescaninclude: -BR(Brazil) -CN(China) -IN(India) -ID(Indonesia) -RU(Russia) -ZA(SouthAfrica) -MX(Mexico) Ifyouwantspecificcountrycodesbasedonactualcountriesmentioned #pleaseprovidealistormorecontext.Otherwise #basedoncommonlyassociatedcountrieswithemergingmarkets #thecodescouldbe: BR #CN #IN #ID #RU #ZA #MX
🇯🇵 Takaichi has just requested nearly ¥9 trillion for defense spending in 2027. Another sign that Tokyo is entering a new fiscal regime at exactly the wrong time as its debt is finally becoming expensive to carry. 📊 The headline amount is probably only a starting point as https://t.co/5ldGuVppYC #Japan #DefenseSpending #FiscalPolicy #JP
🇯🇵 #Japan’s Upcoming Budget Requests in Spotlight Amid Fiscal Fears - Bloomberg https://t.co/aO1jeXZdvg https://t.co/QzIC8PdwQy #Japan #Budget #FiscalPolicy #JP
🇨🇳 *POLITBURO: TO EXPAND DOMESTIC DEMANDS - BBG *POLITBURO: TO BOOST DOMESTIC DEMANDS VIA FINANCIAL TOOLS *CHINA: ENHANCING RESILIENCE AND CONFIDENCE OF CAPITAL MARKET *POLITBUR: TO DEVELOP NEW FORMS OF INTELLIGENT ECONOMY *POLITBURO: MORE PROACTIVE FISCAL POLICY *CHINA: #China #Economy #FiscalPolicy #CN
🇨🇳 #China Seen Stepping Up Fiscal Spending in 2H 2026 - Securities Times *China is expected to accelerate fiscal spending in the second half as substantial budgeted funds and government bond quotas remain unused, Securities Times says in a report. *Government bond sales were #China #FiscalPolicy #GovernmentSpending #CN
If Germany has learned anything from its history, this is the time to make full employment the North Star of fiscal policy. https://t.co/K2SjgXDcng #Germany #FiscalPolicy #FullEmployment #DE
🇨🇳 Fiscal Push to Accelerate #China’s Local Bond Offers in June - CSJ ➡ China’s local government bond issuance is poised to accelerate in June, with policymakers stepping up fiscal support to shore up growth at the end of the quarter, China Securities Journal reports on #China #LocalBonds #FiscalPolicy #CN
The article discusses the alarming milestone of U.S. federal debt surpassing 100% of GDP, highlighting that despite concerns raised by deficit hawks, there has been minimal public and political reaction, as financial pressures continue to grow without substantial reform or action, prompting questions about the sustainability of such debt levels in the future. #DebtCrisis #FiscalPolicy #EconomicGrowth #US #JP #IT #SE
www.nytimes.com
U.S. Debt Is Now Bigger Than the Economy. That's Not the Real Problem.
The article discusses the alarming rise of the U.S. federal debt, which recently surpassed 100% of GDP, and highlights the prevailing lack of public and political concern despite the potential long-term economic consequences and the challenge posed by increasing interest payments on the debt amid rising Treasury yields. #Debt #Economy #FiscalPolicy #USA #JPN #ITA #SWE
www.nytimes.com
U.S. Debt Is Now Bigger Than the Economy. That's Not the Real Problem.
Despite reaching a concerning milestone of federal debt exceeding 100% of GDP, many Americans remain unalarmed, as evident from ongoing government spending plans and lack of substantial political action, prompting questions about the sustainability of U.S. debt levels in the face of rising interest rates and mounting obligations. #DebtCrisis #FiscalPolicy #EconomicGrowth #USA #JP #IT #SE
www.nytimes.com
U.S. Debt Is Now Bigger Than the Economy. That's Not the Real Problem.
The recent milestone of the U.S. federal debt surpassing 100% of GDP has raised alarms among deficit hawks, but it has largely failed to catalyze significant political action or public concern, even as projected debt levels continue to rise unsustainably. #EconomicCrisis #FederalDebt #FiscalPolicy #US #JP #IT #SE
www.nytimes.com
U.S. Debt Is Now Bigger Than the Economy. That's Not the Real Problem.
The article discusses the alarming milestone of the U.S. federal debt surpassing 100% of GDP, highlighting the lack of public and political concern despite the ongoing growth of debt due to factors such as past financial crises and rising entitlement costs, while underscoring that meaningful action to address the issue is increasingly elusive. #DebtManagement #FiscalPolicy #EconomicGrowth #USA #JP #IT #SE
www.nytimes.com
U.S. Debt Is Now Bigger Than the Economy. That's Not the Real Problem.
The article discusses the alarming rise of the U.S. federal debt surpassing 100% of GDP, highlighting the lack of public and political urgency to address this issue despite warnings from deficit hawks, who fear a worsening fiscal trajectory that could lead to significant long-term financial repercussions. #PublicDebt #FiscalPolicy #EconomicStability #US #JP #IT #SE
www.nytimes.com
U.S. Debt Is Now Bigger Than the Economy. That's Not the Real Problem.
As the war in Iran continues, Prime Minister Narendra Modi has called on Indians to practice austerity measures reminiscent of the pandemic era to mitigate economic pressures from rising fuel costs, amidst concerns over India's increasing dollar demand due to heavy oil imports and foreign investor withdrawals, signaling potential vulnerabilities in the country's financial stability. #IndiaEconomy #GeopoliticalImpacts #FiscalPolicy #IN #IR
www.bbc.com
Indian economy: Why Modi wants Indians to buy less gold and travel less
Parmi les nombreuses méthodes qui permettent de le faire avec un peu de volonté politique figure l'impôt universel, que nous avons fait adopter en première lecture du dernier budget, qui permet de taxer l'activité réalisée en France sur la base du ratio bénéfices/chiffre #UniversalTax #FiscalPolicy #EconomicReform #FR
