Live Data · 190 countries tracked

Government & Public Finance

Compare government budgets, taxation, public debt, spending and fiscal sustainability across countries.

Updated 2026-06-28
Compare countries
Countries monitored
30
Avg debt / GDP
84.6%
Avg fiscal balance
-3.8%
Rising pressure
11 countries
Improving
7 countries
Upcoming events
14
Last updated
2026-06-28
Real Rankings — World Bank + IMF (190 countries)
Lowest Government Debt / GDP
RankCountryDebt/GDPYear
#1Liechtenstein0.5%2025
#2Brunei Darussalam1.5%2025
#3Tuvalu3.6%2025
#4Turkmenistan3.8%2025
#5Kiribati8.0%2025
#6Afghanistan8.0%2025
#7Micronesia (Federated States of)8.9%2025
#8Marshall Islands11.8%2025
#9Haiti12.3%2025
#10Somalia12.7%2024
#11Timor-Leste14.3%2025
#12Nauru14.6%2025
#13Kuwait14.6%2025
#14Russia17.2%2025
#15Azerbaijan20.1%2025
#16Democratic Republic of the Congo20.2%2025
#17Samoa21.2%2025
#18Tajikistan21.6%2025
#19Taiwan22.4%2025
#20Turkey23.5%2025
Best Fiscal Balance (Surplus / GDP)
RankCountryBalance/GDPYear
#1Tuvalu+31.6%2025
#2Kuwait+28.4%2025
#3Norway+9.3%2025
#4United Arab Emirates+5.2%2025
#5Tonga+4.9%2025
#6Samoa+4.7%2025
#7Singapore+4.2%2025
#8Andorra+3.5%2025
#9South Sudan+3.5%2025
#10Nauru+3.5%2025
#11Lebanon+3.3%2025
#12Antigua and Barbuda+3.1%2025
#13Cyprus+3.0%2025
#14Denmark+2.9%2025
#15Liechtenstein+2.8%2025
#16Eritrea+2.7%2019
#17Azerbaijan+2.6%2025
#18Lesotho+2.2%2025
#19Nicaragua+2.1%2025
#20Palau+1.7%2025

World Bank + IMF data. Mock composite analysis below for prototype reference.

Global fiscal snapshot

Summary indicators across monitored economies.

Global Government Debt
$93T
▲

Aggregate sovereign debt across monitored economies has climbed for the eighth consecutive year.

Contributors:United StatesJapanChina
Confidence: HighMock · 2026-06-28
Global Fiscal Deficit
−3.8% of GDP
▲

Average deficits remain wider than pre-pandemic averages on defense and interest costs.

Contributors:United StatesUnited KingdomFrance
Confidence: HighMock · 2026-06-28
Public Revenue Trend
+4.1% YoY
▲

Revenues are rising on nominal growth and stronger corporate tax receipts in services-led economies.

Contributors:United StatesGermanyIndia
Confidence: MediumMock · 2026-06-28
Public Spending Trend
+5.6% YoY
▲

Spending growth still outpaces revenue, driven by defense, social transfers and rising interest bills.

Contributors:United StatesItalyBrazil
Confidence: MediumMock · 2026-06-28
Debt-Service Pressure
Elevated
▲

Average interest expense has reached its highest share of revenue in two decades.

Contributors:United StatesItalyBrazil
Confidence: HighMock · 2026-06-28
Sovereign Refinancing Risk
Moderate
■

Short-dated maturities remain manageable, but front-loaded calendars raise rollover sensitivity.

Contributors:ItalyBrazilEgypt
Confidence: MediumMock · 2026-06-28
Largest Fiscal Improvement
Greece +1.6pp
▼

Primary surpluses and lower interest costs continue to support consolidation.

Contributors:GreecePortugalIreland
Confidence: MediumMock · 2026-06-28
Largest Fiscal Deterioration
United States −1.2pp
▲

Higher net interest expense and defense outlays widened the federal deficit.

Contributors:United StatesUnited KingdomFrance
Confidence: MediumMock · 2026-06-28

Global fiscal map

Switch views to compare across the monitored economies.

Map view
Mock Data
United States
Debt 124%Bal -6.6%Int 3.5%High Pressure
Interest expense + defense
India
Debt 82%Bal -5.6%Int 4.7%Moderate Pressure
Capex + interest bill
Brazil
Debt 87%Bal -7.9%Int 6.8%Moderate Pressure
Selic-linked interest cost
China
Debt 84%Bal -4.6%Int 1.7%Moderate Pressure
Local-government debt
Japan
Debt 249%Bal -5.1%Int 1.8%Critical
Aging-related transfers
Germany
Debt 63%Bal -2.1%Int 1.0%Stable
Defense + energy transition
United Kingdom
Debt 102%Bal -5.3%Int 3.2%Elevated Pressure
Health spending + interest
France
Debt 113%Bal -5.4%Int 2.2%High Pressure
Social spending rigidity
Italy
Debt 140%Bal -4.7%Int 4.3%High Pressure
BTP yields + maturity wall
Spain
Debt 105%Bal -3.3%Int 2.3%Elevated Pressure
Tourism revenue + EU funds
Canada
Debt 105%Bal -1.7%Int 1.6%Elevated Pressure
Provincial healthcare
Mexico
Debt 52%Bal -5.0%Int 3.3%Stable
Pemex support + interest
Argentina
Debt 88%Bal -3.1%Int 4.7%Moderate Pressure
Adjustment program
Chile
Debt 41%Bal -2.4%Int 1.6%Strong
Copper royalty
Colombia
Debt 58%Bal -4.5%Int 3.4%Stable
Tax reform delays
South Korea
Debt 52%Bal -1.9%Int 1.0%Stable
Demographic transfers
Indonesia
Debt 39%Bal -2.4%Int 2.0%Strong
Subsidy reform
Vietnam
Debt 41%Bal -3.5%Int 1.6%Strong
Infrastructure capex
Thailand
Debt 63%Bal -3.1%Int 1.3%Stable
Stimulus packages
Australia
Debt 48%Bal -0.9%Int 1.1%Strong
Resource royalties
Saudi Arabia
Debt 28%Bal 0.4%Int 1.0%Strong
Oil revenue + Vision 2030
UAE
Debt 31%Bal 4.6%Int 0.4%Strong
Hydrocarbon + corporate tax
Turkey
Debt 35%Bal -5.5%Int 2.7%Strong
FX-linked debt + earthquake spend
South Africa
Debt 78%Bal -5.9%Int 4.1%Moderate Pressure
Eskom support + wage bill
Nigeria
Debt 47%Bal -5.1%Int 2.9%Strong
Debt service > revenue
Egypt
Debt 92%Bal -7.4%Int 9.5%Elevated Pressure
Interest expense dominates
Norway
Debt 37%Bal 11.4%Int 0.6%Strong
SWF returns + hydrocarbons
Singapore
Debt 168%Bal 0.7%Int 0.0%Critical
Investment income (NIRC)
Switzerland
Debt 38%Bal 0.1%Int 0.3%Strong
Debt-brake rule
Greece
Debt 154%Bal 0.8%Int 2.0%Critical
Primary surplus discipline

Colour and text both encode condition. Mock prototype values only.

Public-finance directory

Searchable, sortable and filterable.

CountryRegionRevenueSpendingFiscal bal.Primary bal.Debt / GDPInterestTax / GDPDebt-svc riskRatingDirectionCoverageUpdated
Japan
Asia-Pacific$2.05T$2.45T-5.1%-3.0%249%1.8%31.5%ModerateA+StablePartial2026-06-28
Singapore
Asia-Pacific$95B$90B0.7%1.6%168%0.0%14.1%Very LowAAAStableLight2026-06-28
Greece
Europe$110B$109B0.8%2.7%154%2.0%41.2%ModerateBBB−ImprovingLight2026-06-28
Italy
Europe$1.10T$1.24T-4.7%-0.4%140%4.3%42.4%HighBBBStablePartial2026-06-28
United States
North America$5.30T$7.10T-6.6%-3.1%124%3.5%25.7%ElevatedAA+DeterioratingFull2026-06-28
France
Europe$1.62T$1.81T-5.4%-3.2%113%2.2%46.1%ElevatedAA−DeterioratingPartial2026-06-28
Spain
Europe$720B$780B-3.3%-1.0%105%2.3%38.1%ModerateAImprovingPartial2026-06-28
Canada
North America$700B$770B-1.7%-0.1%105%1.6%33.4%ModerateAAAStablePartial2026-06-28
United Kingdom
Europe$1.31T$1.46T-5.3%-2.1%102%3.2%35.1%ElevatedAADeterioratingPartial2026-06-28
Egypt
Africa$70B$110B-7.4%2.1%92%9.5%13.4%CriticalB−ImprovingLight2026-06-28
Argentina
Latin America$110B$120B-3.1%1.6%88%4.7%28.2%HighCCCImprovingLight2026-06-28
Brazil
Latin America$580B$740B-7.9%-1.4%87%6.8%33.1%HighBBDeterioratingFull2026-06-28
China
Asia-Pacific$3.60T$4.30T-4.6%-3.0%84%1.7%20.1%ModerateA+StablePartial2026-06-28
India
Asia-Pacific$720B$920B-5.6%-0.9%82%4.7%18.3%ElevatedBBB−ImprovingFull2026-06-28
South Africa
Africa$110B$135B-5.9%-1.8%78%4.1%25.6%HighBB−DeterioratingLight2026-06-28
Germany
Europe$2.10T$2.21T-2.1%-1.1%63%1.0%39.2%LowAAAStablePartial2026-06-28
Thailand
Asia-Pacific$95B$110B-3.1%-1.8%63%1.3%16.4%ModerateBBB+StableLight2026-06-28
Colombia
Latin America$95B$110B-4.5%-1.0%58%3.4%20.1%ElevatedBB+DeterioratingLight2026-06-28
Mexico
Latin America$360B$430B-5.0%-1.7%52%3.3%16.8%ElevatedBBBDeterioratingPartial2026-06-28
South Korea
Asia-Pacific$530B$560B-1.9%-1.0%52%1.0%28.4%LowAAStableLight2026-06-28
Australia
Asia-Pacific$600B$620B-0.9%0.2%48%1.1%28.7%LowAAAStableLight2026-06-28
Nigeria
Africa$50B$80B-5.1%-2.2%47%2.9%9.1%CriticalB−DeterioratingLight2026-06-28
Chile
Latin America$80B$90B-2.4%-0.5%41%1.6%22.9%LowAStableLight2026-06-28
Vietnam
Asia-Pacific$100B$115B-3.5%-1.9%41%1.6%18.2%ModerateBB+ImprovingLight2026-06-28
Indonesia
Asia-Pacific$230B$260B-2.4%-0.4%39%2.0%12.5%ModerateBBBStableLight2026-06-28
Switzerland
Europe$290B$290B0.1%0.3%38%0.3%27.6%Very LowAAAStableLight2026-06-28
Norway
Europe$250B$210B11.4%12.4%37%0.6%38.5%Very LowAAAStableLight2026-06-28
Turkey
Europe$240B$290B-5.5%-2.8%35%2.7%22.1%HighB+DeterioratingLight2026-06-28
UAE
Middle East$170B$145B4.6%5.0%31%0.4%9.0%Very LowAAStableLight2026-06-28
Saudi Arabia
Middle East$320B$318B0.4%1.4%28%1.0%6.8%LowA+StableLight2026-06-28

All values are Mock Data for MVP prototype only.

Fiscal movers

Notable changes across the universe.

Largest improvements

  • Greece
    +1.6pp
    Prev: −0.8% of GDPNow: +0.8% of GDP
    Primary surplus and lower interest cost
  • Portugal
    +1.1pp
    Prev: −0.4% of GDPNow: +0.7% of GDP
    Tourism revenue and wage growth
  • India
    +0.8pp
    Prev: −6.4% of GDPNow: −5.6% of GDP
    GST collections and capex pacing
    Open Profile

Largest deteriorations

  • United States
    −1.2pp
    Prev: −5.4% of GDPNow: −6.6% of GDP
    Net interest expense and defense outlays
    Open Profile
  • United Kingdom
    −0.9pp
    Prev: −4.4% of GDPNow: −5.3% of GDP
    Health spending and debt service
  • Brazil
    −0.8pp
    Prev: −7.1% of GDPNow: −7.9% of GDP
    Real interest cost on indexed debt
    Open Profile

Highest debt burden

  • Japan
    +2pp
    Prev: 247% of GDPNow: 249% of GDP
    Persistent primary deficit
  • Italy
    +2pp
    Prev: 138% of GDPNow: 140% of GDP
    Slow nominal growth
  • United States
    +3pp
    Prev: 121% of GDPNow: 124% of GDP
    Persistent deficits and rising rates
    Open Profile

Highest debt-service pressure

  • Brazil
    +0.7pp
    Prev: 6.1% of GDPNow: 6.8% of GDP
    Selic-linked debt stock
    Open Profile
  • Italy
    +0.4pp
    Prev: 3.9% of GDPNow: 4.3% of GDP
    BTP yields
  • United States
    +0.4pp
    Prev: 3.1% of GDPNow: 3.5% of GDP
    Treasury yields and stock growth
    Open Profile

Largest budget surpluses

  • Norway
    −0.6pp
    Prev: +12.0% of GDPNow: +11.4% of GDP
    Hydrocarbon revenue + SWF returns
  • Singapore
    +0.2pp
    Prev: +0.5% of GDPNow: +0.7% of GDP
    Investment income and tight spending
  • Saudi Arabia
    −0.7pp
    Prev: +1.1% of GDPNow: +0.4% of GDP
    Oil-price and Vision 2030 spending

Largest budget deficits

  • United States
    −1.2pp
    Prev: −5.4% of GDPNow: −6.6% of GDP
    Defense and interest expense
    Open Profile
  • Brazil
    −0.8pp
    Prev: −7.1% of GDPNow: −7.9% of GDP
    Indexed-debt interest costs
    Open Profile
  • United Kingdom
    −0.9pp
    Prev: −4.4% of GDPNow: −5.3% of GDP
    Health and welfare growth

Highest public investment

  • China
    +0.2pp
    Prev: 5.8% of GDPNow: 6.0% of GDP
    Industrial and energy capex
  • India
    +0.4pp
    Prev: 3.2% of GDPNow: 3.6% of GDP
    Infra capex program
    Open Profile
  • Saudi Arabia
    +0.7pp
    Prev: 8.4% of GDPNow: 9.1% of GDP
    Vision 2030 megaprojects

Upcoming budget decisions

  • United States
    Sept 2026
    Prev: —Now: Debt-ceiling debate
    Federal funding renewal
    Open Profile
  • India
    Feb 2027
    Prev: —Now: Union Budget
    Capex and fiscal-glidepath update
    Open Profile
  • Brazil
    Aug 2026
    Prev: —Now: Fiscal-framework review
    Primary-balance target reset
    Open Profile

Government revenue mix

Aggregate composition across monitored economies. Not personal tax guidance.

SourceShare of revenueShare of GDPMain dependencyStabilityTrend
Personal Income Tax27%8.6%Wage growthHigh▲ up
Social Contributions24%7.5%Employment levelsHigh■ flat
Consumption Tax (VAT/Sales)18%5.8%Household spendingModerate▲ up
Corporate Income Tax11%3.4%Corporate profitsModerate▲ up
Customs Duties4%1.2%Trade flowsModerate■ flat
Natural-Resource Revenue6%1.9%Commodity pricesLow▼ down
State-Owned Enterprise Revenue5%1.5%Public-sector earningsModerate■ flat
Other Revenue5%1.6%Fees and asset incomeModerate■ flat

Government spending mix

Aggregate composition across monitored economies.

Social Protection▲
Share of spend27%Share of GDP11.4%

Pensions, unemployment, family support

Impact: Stabilizes household consumption

Healthcare▲
Share of spend16%Share of GDP6.8%

Public health systems and insurance

Impact: Long-run productivity and cost discipline

Education■
Share of spend11%Share of GDP4.6%

Schools, universities and training

Impact: Human capital formation

Debt Interest▲
Share of spend10%Share of GDP3.9%

Service of outstanding sovereign debt

Impact: Crowds out other priorities when elevated

Defense▲
Share of spend9%Share of GDP3.1%

Armed forces and procurement

Impact: Industrial activity in defense supply chains

Infrastructure▲
Share of spend8%Share of GDP2.7%

Transport, water, energy grids

Impact: Boosts long-run growth potential

Public Administration■
Share of spend6%Share of GDP2.2%

General government operations

Impact: Service delivery and rule of law

Energy Support▼
Share of spend4%Share of GDP1.4%

Tariff buffers and transition subsidies

Impact: Lowers inflation but raises fiscal cost

Housing▲
Share of spend3%Share of GDP1.0%

Affordable-housing programs

Impact: Affordability and construction activity

Agriculture■
Share of spend2%Share of GDP0.7%

Farm support and food security

Impact: Rural incomes and price stability

Research & Development▲
Share of spend2%Share of GDP0.7%

Public R&D and innovation

Impact: Productivity and strategic capability

Regional Development■
Share of spend2%Share of GDP0.6%

Sub-national transfers

Impact: Convergence between regions

Global tax structure

Prototype data. Not personal tax advice.

Tax typeTypical rangeNote
Corporate Tax Rate21% – 25%Most advanced economies converging around 21%–25% after global minimum tax agreements.
Personal Income Tax Range10% – 45%Progressive brackets with top rates concentrated in advanced economies.
Value Added / Sales Tax10% – 22%Consumption taxes dominate revenue mix in emerging markets.
Capital Gains Tax15% – 28%Often integrated with personal income tax in advanced economies.
Payroll / Social Contributions12% – 36%Shared between employer and employee in most systems.
Customs Duties1% – 8% effectiveEffective collected rate after preferential agreements.
Natural-Resource TaxesRoyalty 5% – 25%Concentrated in commodity exporters.
Digital Service Taxes2% – 7%Several jurisdictions retain unilateral digital taxes alongside OECD framework.
Property Taxes0.3% – 1.5%Stable but politically sensitive base.

Global public debt

Aggregate sovereign debt indicators.

Total debt
$93T
Debt / GDP
84.6%
Domestic share
64%
FX-denominated
18%
Avg interest rate
3.6%
Avg maturity
7.4y
Short-term share
19%
Debt service
$3.36T
Foreign holdings
28%
Central-bank holdings
17%
Pension funds
12%
Banking sector
21%
Maturity profile (aggregate)
<1y
19%
Refinance: High
1-5y
37%
Refinance: Moderate
5-10y
26%
Refinance: Low
>10y
18%
Refinance: Low

Country cards

Quick-look snapshots — open profile for full breakdown.

North America·Developed

United States

Elevated PressureFull
Rating
AA+
Revenue
$5.30T
Spending
$7.10T
Fiscal balance
-6.6% GDP
Debt / GDP
124%
Interest exp.
3.5% GDP
Tax / GDP
25.7%
Debt-service riskElevated
DirectionDeteriorating
Main driverInterest expense + defense
Open public-finance profile
Mock Data · updated 2026-06-28
Asia-Pacific·Emerging

India

Moderate PressureFull
Rating
BBB−
Revenue
$720B
Spending
$920B
Fiscal balance
-5.6% GDP
Debt / GDP
82%
Interest exp.
4.7% GDP
Tax / GDP
18.3%
Debt-service riskElevated
DirectionImproving
Main driverCapex + interest bill
Open public-finance profile
Mock Data · updated 2026-06-28
Latin America·Emerging

Brazil

High PressureFull
Rating
BB
Revenue
$580B
Spending
$740B
Fiscal balance
-7.9% GDP
Debt / GDP
87%
Interest exp.
6.8% GDP
Tax / GDP
33.1%
Debt-service riskHigh
DirectionDeteriorating
Main driverSelic-linked interest cost
Open public-finance profile
Mock Data · updated 2026-06-28
Asia-Pacific·Emerging

China

Moderate PressurePartial
Rating
A+
Revenue
$3.60T
Spending
$4.30T
Fiscal balance
-4.6% GDP
Debt / GDP
84%
Interest exp.
1.7% GDP
Tax / GDP
20.1%
Debt-service riskModerate
DirectionStable
Main driverLocal-government debt
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Asia-Pacific·Developed

Japan

Elevated PressurePartial
Rating
A+
Revenue
$2.05T
Spending
$2.45T
Fiscal balance
-5.1% GDP
Debt / GDP
249%
Interest exp.
1.8% GDP
Tax / GDP
31.5%
Debt-service riskModerate
DirectionStable
Main driverAging-related transfers
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Europe·Developed

Germany

StablePartial
Rating
AAA
Revenue
$2.10T
Spending
$2.21T
Fiscal balance
-2.1% GDP
Debt / GDP
63%
Interest exp.
1.0% GDP
Tax / GDP
39.2%
Debt-service riskLow
DirectionStable
Main driverDefense + energy transition
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Europe·Developed

United Kingdom

Elevated PressurePartial
Rating
AA
Revenue
$1.31T
Spending
$1.46T
Fiscal balance
-5.3% GDP
Debt / GDP
102%
Interest exp.
3.2% GDP
Tax / GDP
35.1%
Debt-service riskElevated
DirectionDeteriorating
Main driverHealth spending + interest
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Europe·Developed

France

Elevated PressurePartial
Rating
AA−
Revenue
$1.62T
Spending
$1.81T
Fiscal balance
-5.4% GDP
Debt / GDP
113%
Interest exp.
2.2% GDP
Tax / GDP
46.1%
Debt-service riskElevated
DirectionDeteriorating
Main driverSocial spending rigidity
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Europe·Developed

Italy

High PressurePartial
Rating
BBB
Revenue
$1.10T
Spending
$1.24T
Fiscal balance
-4.7% GDP
Debt / GDP
140%
Interest exp.
4.3% GDP
Tax / GDP
42.4%
Debt-service riskHigh
DirectionStable
Main driverBTP yields + maturity wall
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Europe·Developed

Spain

Moderate PressurePartial
Rating
A
Revenue
$720B
Spending
$780B
Fiscal balance
-3.3% GDP
Debt / GDP
105%
Interest exp.
2.3% GDP
Tax / GDP
38.1%
Debt-service riskModerate
DirectionImproving
Main driverTourism revenue + EU funds
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
North America·Developed

Canada

StablePartial
Rating
AAA
Revenue
$700B
Spending
$770B
Fiscal balance
-1.7% GDP
Debt / GDP
105%
Interest exp.
1.6% GDP
Tax / GDP
33.4%
Debt-service riskModerate
DirectionStable
Main driverProvincial healthcare
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Latin America·Emerging

Mexico

Elevated PressurePartial
Rating
BBB
Revenue
$360B
Spending
$430B
Fiscal balance
-5.0% GDP
Debt / GDP
52%
Interest exp.
3.3% GDP
Tax / GDP
16.8%
Debt-service riskElevated
DirectionDeteriorating
Main driverPemex support + interest
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Latin America·Emerging

Argentina

High PressureLight
Rating
CCC
Revenue
$110B
Spending
$120B
Fiscal balance
-3.1% GDP
Debt / GDP
88%
Interest exp.
4.7% GDP
Tax / GDP
28.2%
Debt-service riskHigh
DirectionImproving
Main driverAdjustment program
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Latin America·Emerging

Chile

StableLight
Rating
A
Revenue
$80B
Spending
$90B
Fiscal balance
-2.4% GDP
Debt / GDP
41%
Interest exp.
1.6% GDP
Tax / GDP
22.9%
Debt-service riskLow
DirectionStable
Main driverCopper royalty
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Latin America·Emerging

Colombia

Elevated PressureLight
Rating
BB+
Revenue
$95B
Spending
$110B
Fiscal balance
-4.5% GDP
Debt / GDP
58%
Interest exp.
3.4% GDP
Tax / GDP
20.1%
Debt-service riskElevated
DirectionDeteriorating
Main driverTax reform delays
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Asia-Pacific·Developed

South Korea

StableLight
Rating
AA
Revenue
$530B
Spending
$560B
Fiscal balance
-1.9% GDP
Debt / GDP
52%
Interest exp.
1.0% GDP
Tax / GDP
28.4%
Debt-service riskLow
DirectionStable
Main driverDemographic transfers
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Asia-Pacific·Emerging

Indonesia

Moderate PressureLight
Rating
BBB
Revenue
$230B
Spending
$260B
Fiscal balance
-2.4% GDP
Debt / GDP
39%
Interest exp.
2.0% GDP
Tax / GDP
12.5%
Debt-service riskModerate
DirectionStable
Main driverSubsidy reform
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Asia-Pacific·Emerging

Vietnam

Moderate PressureLight
Rating
BB+
Revenue
$100B
Spending
$115B
Fiscal balance
-3.5% GDP
Debt / GDP
41%
Interest exp.
1.6% GDP
Tax / GDP
18.2%
Debt-service riskModerate
DirectionImproving
Main driverInfrastructure capex
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Asia-Pacific·Emerging

Thailand

Moderate PressureLight
Rating
BBB+
Revenue
$95B
Spending
$110B
Fiscal balance
-3.1% GDP
Debt / GDP
63%
Interest exp.
1.3% GDP
Tax / GDP
16.4%
Debt-service riskModerate
DirectionStable
Main driverStimulus packages
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Asia-Pacific·Developed

Australia

StableLight
Rating
AAA
Revenue
$600B
Spending
$620B
Fiscal balance
-0.9% GDP
Debt / GDP
48%
Interest exp.
1.1% GDP
Tax / GDP
28.7%
Debt-service riskLow
DirectionStable
Main driverResource royalties
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Middle East·Emerging

Saudi Arabia

StrongLight
Rating
A+
Revenue
$320B
Spending
$318B
Fiscal balance
0.4% GDP
Debt / GDP
28%
Interest exp.
1.0% GDP
Tax / GDP
6.8%
Debt-service riskLow
DirectionStable
Main driverOil revenue + Vision 2030
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Middle East·Emerging

UAE

StrongLight
Rating
AA
Revenue
$170B
Spending
$145B
Fiscal balance
4.6% GDP
Debt / GDP
31%
Interest exp.
0.4% GDP
Tax / GDP
9.0%
Debt-service riskVery Low
DirectionStable
Main driverHydrocarbon + corporate tax
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Europe·Emerging

Turkey

High PressureLight
Rating
B+
Revenue
$240B
Spending
$290B
Fiscal balance
-5.5% GDP
Debt / GDP
35%
Interest exp.
2.7% GDP
Tax / GDP
22.1%
Debt-service riskHigh
DirectionDeteriorating
Main driverFX-linked debt + earthquake spend
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Africa·Emerging

South Africa

High PressureLight
Rating
BB−
Revenue
$110B
Spending
$135B
Fiscal balance
-5.9% GDP
Debt / GDP
78%
Interest exp.
4.1% GDP
Tax / GDP
25.6%
Debt-service riskHigh
DirectionDeteriorating
Main driverEskom support + wage bill
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Africa·Emerging

Nigeria

High PressureLight
Rating
B−
Revenue
$50B
Spending
$80B
Fiscal balance
-5.1% GDP
Debt / GDP
47%
Interest exp.
2.9% GDP
Tax / GDP
9.1%
Debt-service riskCritical
DirectionDeteriorating
Main driverDebt service > revenue
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Africa·Emerging

Egypt

CriticalLight
Rating
B−
Revenue
$70B
Spending
$110B
Fiscal balance
-7.4% GDP
Debt / GDP
92%
Interest exp.
9.5% GDP
Tax / GDP
13.4%
Debt-service riskCritical
DirectionImproving
Main driverInterest expense dominates
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Europe·Developed

Norway

StrongLight
Rating
AAA
Revenue
$250B
Spending
$210B
Fiscal balance
11.4% GDP
Debt / GDP
37%
Interest exp.
0.6% GDP
Tax / GDP
38.5%
Debt-service riskVery Low
DirectionStable
Main driverSWF returns + hydrocarbons
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Asia-Pacific·Developed

Singapore

StrongLight
Rating
AAA
Revenue
$95B
Spending
$90B
Fiscal balance
0.7% GDP
Debt / GDP
168%
Interest exp.
0.0% GDP
Tax / GDP
14.1%
Debt-service riskVery Low
DirectionStable
Main driverInvestment income (NIRC)
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Europe·Developed

Switzerland

StrongLight
Rating
AAA
Revenue
$290B
Spending
$290B
Fiscal balance
0.1% GDP
Debt / GDP
38%
Interest exp.
0.3% GDP
Tax / GDP
27.6%
Debt-service riskVery Low
DirectionStable
Main driverDebt-brake rule
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28
Europe·Developed

Greece

Moderate PressureLight
Rating
BBB−
Revenue
$110B
Spending
$109B
Fiscal balance
0.8% GDP
Debt / GDP
154%
Interest exp.
2.0% GDP
Tax / GDP
41.2%
Debt-service riskModerate
DirectionImproving
Main driverPrimary surplus discipline
Snapshot only — full profile coming soon
Mock Data · updated 2026-06-28

Global fiscal calendar

Upcoming budget releases, votes, auctions and rating reviews.

DateCountryEventImportanceExpected relevanceRelated marketRelated risk
2026-09-15United StatesFY2027 Federal Budget ProposalCriticalDeficit trajectory and discretionary capsUSD, TreasuriesDebt sustainability
2026-09-30United StatesDebt-Ceiling DecisionCriticalShort-term Treasury bill supplyUSD, T-billsRefinancing risk
2026-12-10IndiaPre-Budget Consultation NotesModerateSector-level capex expectationsINR, Nifty 50Spending rigidity
2027-02-01IndiaUnion Budget FY2027–28CriticalFiscal-glidepath and capex envelopeINR, GSec curveRevenue concentration
2026-08-20BrazilFiscal-Framework ReviewHighPrimary-balance target resetBRL, NTN-BDebt sustainability
2026-07-11BrazilTreasury Auction – LTN/NTN-FModerateFunding cost signalBRL, sovereign yieldsRefinancing risk
2026-11-26United KingdomAutumn StatementHighSpending review and tax mixGBP, giltsDebt service
2026-10-01FranceProject de Loi de FinancesHighEU excessive-deficit responseEUR, OATsSpending rigidity
2026-10-15ItalyStability Law SubmissionHighDebt-to-GDP trajectoryEUR, BTPsRefinancing risk
2026-12-22JapanCabinet Budget ApprovalHighDefense + aging-related transfersJPY, JGBsDebt sustainability
2026-09-08MexicoPaquete EconómicoHighPemex support frameworkMXN, M-BonosSOE risk
2026-08-16IndonesiaBudget RAPBN 2027HighFuel-subsidy reformIDR, INDOGBSpending rigidity
2026-10-29South AfricaMedium-Term Budget Policy StatementHighEskom support + wage billZAR, R-bondsSOE risk
2026-09-30Saudi ArabiaPre-Budget StatementModerateVision 2030 spending prioritiesSAR, SukukCommodity dependence

Mock Data. Not an official fiscal calendar.

Fact and assessment separation

How we present public-finance information.

Verified or Mock Fiscal Data — quantitative values labelled as Mock Data during the prototype phase.

Official or Mock Budget Figures — government-published budget aggregates, kept distinct from platform scenarios.

Observed Market Reaction — price, yield and spread movements around events.

AI-Assisted Fiscal Assessment — interpretive briefs with confidence and uncertainty.

Scenario Analysis — illustrative scenarios. Not an official forecast and not investment advice.

All numbers on this page are mock prototype data. Not personal tax, legal or investment advice.