By Antonella Cinelli and Valentina Consiglio ROME (Reuters) – Italy posted firm economic growth of 3.7% last year but the budget deficit far exceeded official forecasts due to the cost …
budget
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New Jersey News
Oroho Says Massive Spending Increases, Failed Tax Relief Are Hallmarks of Murphy’s Budget Proposal
Senate Republican Leader Steven Oroho said Gov. Phil Murphy’s latest budget increases spending by billions while missing the mark on tax relief, school funding, and transparency.
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Senate Republicans commented on Gov. Phil Murphy’s FY 2024 budget proposal saying it’s a massive increase in spending, doesn’t provide inflation relief or transparency, and continues harmful cuts to hundreds …
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Business News
UK’s Hunt has extra 30 billion pounds to play with in March budget, IFS says
by Reutersby ReutersBy David Milliken LONDON (Reuters) – British finance minister Jeremy Hunt may have a 30 billion-pound ($36 billion) windfall at next month’s budget, but this will be too short-lived to …
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Business News
Brazil’s central govt tops expectations with record January budget surplus
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s central government posted a better-than-expected primary budget surplus in January on the back of record tax revenues, Treasury data showed on Monday, although the outlook for …
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Business News
Canada records C$5.54 billion budget deficit over first nine months of 2022/23
by Reutersby ReutersOTTAWA (Reuters) – Canada recorded a C$5.54 billion ($4.06 billion) budget deficit for the first nine months of the 2022/23 fiscal year, partly due to a rise in debt charges …
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Business News
Russian 2023 budget deficit to widen as price caps take effect – Scope
by Reutersby ReutersBERLIN (Reuters) – Lower revenues from oil and gas exports will significantly widen Russia’s budget shortfall this year, according to an analysis from the European ratings agency Scope obtained by …
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New Jersey News
Senate Republicans Set Priorities for Responsible Budget Proposal Ahead of Governor’s Speech
With Gov. Phil Murphy set to deliver the annual budget message next week to the Legislature, Senate Republicans laid out their priorities for a responsible state budget.
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US and World News
Analysis-How a U.S. budget dispute imperils funding for Taiwan weapons
by Reutersby ReutersBy Patricia Zengerle and Michael Martina WASHINGTON (Reuters) – U.S. congressional efforts to counter China’s military threats toward Taiwan could stumble over a problem much closer to home: partisan battles …
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Business News
Hong Kong under pressure to cut spending in budget as deficit soars
by Reutersby ReutersBy Jessie Pang and Donny Kwok HONG KONG (Reuters) – Hong Kong is under pressure to rein in spending when it unveils its annual budget on Wednesday, after racking up …
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Business News
Budget demands of German coalition partners unrealistic, says finance minister
by Reutersby ReutersBy Christian Kraemer and Maria Martinez BERLIN (Reuters) – German Finance Minister Christian Lindner considers the budget demands made by his government coalition partners to be excessive and “simply unrealistic”, …
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Business News
Russia stands by 2% of GDP budget deficit plan after huge Jan shortfall
by Reutersby ReutersBy Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) -Russia’s finance ministry is sticking with plans to post a budget deficit of no more than 2% of gross domestic product (GDP) …
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US and World News
U.S. Republicans ask Biden to boost Taiwan in his budget request
by Reutersby ReutersBy Patricia Zengerle WASHINGTON (Reuters) – The top Republicans on U.S. congressional foreign affairs and armed services committees pressed Democratic President Joe Biden on Thursday to include $2 billion in …
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Business News
Colombia gov’t to boost 2023 budget by $4.7 billion, minister says
by Reutersby ReutersBOGOTA (Reuters) – Colombia’s government is expected to hike its 2023 budget by some 23 trillion Colombian pesos ($4.71 billion) in a proposal to be sent to Congress Friday, the …
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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News
Republicans Vow To Cut Wokeness From Defense Budget
Republicans Vow To Cut Wokeness From Defense Budget Micaela Burrow on February 8, 2023 Republican members of Congress vowed to slash funding for “woke” priorities from the defense budget in …
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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News
Dem-Led City Reports Highest Violent Crime Rate In 15 Years After Slashing Police Budget
Dem-Led City Reports Highest Violent Crime Rate In 15 Years After Slashing Police Budget Trevor Schakohl on February 7, 2023 Seattle’s violent crime rate rose to its highest point in …
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Business News
Kenya tweaks 2022/23 spending, deficit estimates in supplementary budget
by Reutersby ReutersNAIROBI (Reuters) – Kenya’s finance ministry has tweaked its spending and budget deficit estimates for the current fiscal year that ends in June to show a slight increase in overall …
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Business News
TotalEnergies raises by 15% bonus budget for some key French staff
by Reutersby ReutersPARIS (Reuters) – French oil giant TotalEnergies said on Thursday that it would raise by 15% the budget allocated to bonuses for some of its staff in France in view …
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Business News
Canada records C$3.55 billion budget deficit over first eight months of 2022/23
by Reutersby ReutersOTTAWA, Jan 27 (Reuters) – Canada recorded a C$3.55 billion ($2.67 billion) budget deficit for the first eight months of the 2022/23 fiscal year, partly due to higher debt charges, …
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Business News
Mongolia calls on Rio Tinto to keep budget for giant copper mine in check
by Reutersby ReutersBy Clara Denina LONDON (Reuters) – Mongolia has asked Rio Tinto, its partner in the huge Oyu Tolgoi copper and gold mine in the Gobi desert, not to further increase …
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Business News
Congressional Budget Office to issue debt limit, budget forecasts on Feb. 15
by Reutersby ReutersBy David Lawder WASHINGTON (Reuters) – The Congressional Budget Office (CBO) said on Wednesday that it plans to release its 2023 baseline budget and economic forecast on Feb. 15, along …
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New Jersey News
Republican Budget Members Blast Murphy Administration Plans to Tax Cloud Computing & Software Subscription Services
Republican members of the Senate Budget Committee blasted a new report from the Murphy Administration that calls for the taxation of cloud computing and software subscription services.
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By Aftab Ahmed NEW DELHI (Reuters) – The Indian government will present a budget on Feb. 1 that will likely put deficit reduction ahead of vote-winning spending, even as Prime …
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Business News
India may peg nominal GDP growth at about 11% in 2023/24 budget- sources
by Reutersby ReutersBy Shubham Batra and Aftab Ahmed (Reuters) – India is likely to peg its nominal gross domestic product (GDP) growth at around 11% in the annual budget next week, marking …
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Business News
Russia may hike taxes as military spending, oil price weigh on budget
by Reutersby ReutersBy Darya Korsunskaya MOSCOW (Reuters) -Russia is becoming too dependent on oil revenues to support its budget as it ramps up military spending, economists said, warning that the government may …