EM Macro and Politics Newsletter - Aug 9

Hungary - Budget deficit shrinks by 16.7% y/y to HUF 1,803.7bn in Jan-Jul

Israel - State budget deficit improves to 9.3% of GDP for past year ending in July

Kuwait - Budget deficit for FY 2020-21 rises 175% to record USD 35.9bn

Kenya - Trade deficit expands by 7% y/y in year to June

Pakistan - Pakistan to feel the security, economic heat if Afghanistan descends into chaos