TRENTON, NJ – Trenton lawmakers are proposing a $500 tax credit to help residents contend with soaring gas prices, energy costs, and inflation. With no indication that Governor Phil Murphy…
By Pete Schroeder WASHINGTON – The White House on Monday proposed imposing a minimum tax on the nation’s richest people to challenge the “indefensibly low tax rates” the wealthy can…
WASHINGTON – U.S. President Joe Biden’s $5.79 trillion budget plan released on Monday calls for the federal government to hire thousands more workers to fight forest fires, provide medical care…
By Jan Strupczewski BRUSSELS – The European Union should, like national governments, have a proper budget it could use to stabilise the bloc’s economy if needed, a European Commission survey…
WASHINGTON – U.S. President Joe Biden will propose a minimum tax on billionaires as part of the fiscal 2023 budget that is expected to be unveiled on Monday, a document…
By William Schomberg LONDON – British finance minister Rishi Sunak must decide next week whether to spend billions of pounds more to ease the growing cost-of-living squeeze for households and…
-The Pentagon will request 61 F-35 stealth warplanes from Lockheed Martin Corp in its next budget, 33 fewer than previously planned, Bloomberg News reported https://www.bloomberg.com/news/articles/2022-03-16/lockheed-s-tardy-f-35-is-hit-with-a-35-cut-in-2023-u-s-budget on Wednesday, citing people familiar…
ANNAPOLIS, MD—Maryland’s state coffers are filled with cash, according to Governor Larry Hogan and now he wants to pause the state’s gas tax. Hogan said with a budget surplus reported…
BERLIN – Germany’s draft budget for 2022 envisages just shy of 100 billion euros (dollars) in new borrowing, a person familiar with the budget planning said, meaning it would not…
“Since taking office, Murphy has increased spending by an outlandish 40 percent. He is trying to hide behind what he calls the ANCHOR Property Tax Program, which comes far short…
TRENTON, NJ – New Jersey Governor Phil Murphy’s 2023 budget is too little tax relief, too late. That’s what New Jersey Senate Republican Leader Steven Oroho said on Tuesday after…
TRENTON, NJ – After more than two weeks of delay, New Jersey Governor Phil Murphy is expected to finally present in 2022 state budget message, but Republicans aren’t holding their…
SOFIA – Bulgaria’s parliament on Friday rubber-stamped the 2022 budget bill that targets a fiscal deficit of 4.1% of economic output this year, planning for an increased public investment to…
OTTAWA, Feb 25 – – Canada in December recorded its first monthly surplus since the onset of the COVID-19 pandemic, while its deficit in the first nine months of fiscal…
By Nia Williams CALGARY, Alberta – Canada’s biggest oil-producing province Alberta is expecting its first budget surplus since 2014/15, Finance Minister Travis Toews said on Thursday, as soaring global energy…
MOSCOW – Russian government has over 4.5 trillion roubles ($53 billion) of freely available budget funds and has enough resources to secure macroeconomic stability and support companies hit by sanctions,…
By William Schomberg and Andy Bruce LONDON -Fast-rising inflation is pushing up the British government’s debt interest bill sharply and limiting finance minister Rishi Sunak’s options to ease a cost-of-living…
SEOUL – South Korea’s National Assembly approved a 16.9-trillion-won ($14.2 billion) supplementary budget on Monday aimed partly at funding the response to COVID-19 and supporting businesses hit by pandemic restrictions.…
TOKYO – A key Japanese parliamentary committee on Monday approved the government’s record $940 billion initial spending plan for the next fiscal year, setting the stage for the budget’s full…
By Duncan Miriri NAIROBI – A key IMF-supported programme funding military wages and other essential services in Somalia could expire in May if there are any further delays to elections,…
by Margo Riser TRENTON, N.J. – Assembly Republicans rejected Gov. Phil Murphy’s request to push the gubernatorial budget message to Tuesday, March 8 from Tuesday, Feb. 22, saying the move is…
– The U.S. government posted a $119 billion budget surplus in January, the first in more than two years, amid strong growth in tax receipts and a sharp drop in…
By Sergio Goncalves LISBON – Portugal’s government can return to a balanced budget between 2022 and 2023, if it wants, taking advantage of a robust economic recovery from the COVID-19…
OTTAWA, Jan 28 – Canada recorded a much smaller budget deficit in the first eight months of fiscal 2021/22 compared to the same period a year ago, as the costs…
Mexico doubled down on its criticism of the Democrats’ Build Back Better Act, arguing that a provision favoring U.S. automakers violates the recently-signed United States-Mexico-Canada Agreement (USMCA). Both the Mexican…