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Panama's finance ministry kept its 3.5% deficit cap after Friday's 7.7 quake and ruled out a waiver, saying insurance and grants will pay for relief first. The post Panama Keeps 3.5% Deficit Cap After 7.7 Quake appeared first on The Rio Times.
The authority managing Hong Kongโs arts hub in West Kowloon recorded a wider deficit in the 2025-26 financial year but expects to generate more income next year by putting a residential development project out to tender. The West Kowloon Cultural District Authorityโs deficit ballooned to HK$998 million (U$127 million) in the year to March 30, from HK$769 million in the same period a year earlier. The increase was mainly due to higher operating costs as it prepared to open the new WestK...