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As Ukraine grapples with a significant budget shortfall, the hard-fought economic stability achieved by the government is in jeopardy as the nation's...

(Bloomberg) -- China is still contending with major challenges from deflation pressures and the property crisis as the year kicks off, with investors underwhelmed so far by policies to keep economic momentum going.Most Read from BloombergBonds Slide as Fed’s Waller Downplays Need to Rush: Markets WrapMusk Pressures Tesla’s Board for Another Massive Stock AwardApple to Allow Outside Payments for Apps After US DecisionA Wary World Braces for Trump’s Return to the White HouseWhat Is Disease X? How

While the deficit figure is lower than this year's revised 3.8% target, suggesting Beijing wants to maintain fiscal discipline and is not considering a big fiscal bazooka next year, the option to issue off-budget sovereign debt gives it flexibility to step up stimulus to maintain stable economic growth. Two of the sources told Reuters special sovereign bonds could be issued to pay for extra expenditures as needed. All three sources spoke on condition of anonymity due to the sensitivity of the discussions.

Beyond the rhetoric and chest-thumping from government officials, there is hunger and palpable discontent in the land. In the twilight of May, the President Bola Tinubu administration came on board with its ‘Renewed Hope’ mantra on the wings of high expectations.

Union minister for parliamentary affairs, coal and mines Pralhad Joshi said the proposal for VGF support worth ₹6,000 crore has been approved by the expenditure finance committee (ECF).