The Dutch budget deficit will widen to 3.3 percent of gross domestic product this year from an earlier forecast of 2.6 percent as rising unemployment and lower consumer spending reduces government income.
Serbia will try to revise its 2013 budget by the end of June as it seeks to curb the deficit and dodge a debt crisis, addressing concerns aired by the International Monetary Fund and the country’s Fiscal Council.
Continued threats from Africa and the Middle East at a time when the U.S. is pulling back from its engagements led to France’s decision to spare its military from spending cuts, French President Francois Hollande said.
Polish Finance Minister Jacek Rostowski said the premium his government pays on debt relative to the neighboring Czech Republic may disappear over the next four years as he strives to keep the economy out of recession in the face of monetary policy that he deems too strict.
India’s economy probably expanded less than 5 percent for a second quarter as political gridlock that threatens Prime Minister Manmohan Singh’s growth agenda tempered gains from farm output and lower interest rates.