EU deal on budget review stuck because of Germany’s internal fiscal problems
BRUSSELS (Reuters) – The biggest obstacle to a deal on a mid-term revision of the European Union’s 7-year budget is the internal discussion in Germany …
budget
Portugal approves 2024 budget bill ahead of snap election
By Sergio Goncalves LISBON (Reuters) – The Portuguese parliament on Wednesday approved the Socialist government’s 2024 budget, three months before a snap election triggered by …
German cabinet to agree supplementary budget this afternoon – spokesperson
(Reuters) – Germany’s cabinet is expected to agree a supplementary 2023 budget this afternoon, a government spokesperson said on Monday. The cabinet will also try …
Analysis-German budget row prises open debt brake debate
By Andreas Rinke and Sarah Marsh BERLIN (Reuters) – Germany’s budget crisis has given new momentum to reforming self-imposed borrowing limits even among the opposition …
Indonesia’s budget tips into deficit in October, on track for full year target
JAKARTA (Reuters) – Indonesia’s state budget tipped into 0.7 trillion rupiah ($45.19 million) deficit for the January-October period, having shown 67.7 trillion rupiah surplus in …
Japan’s $88 billion extra budget clears lower house
TOKYO (Reuters) – Japan passed on Friday an extra budget worth around 13.1 trillion yen ($88 billion) aimed at helping households cope with the rising …
OECD: German budget crisis could slow down EU economy
BERLIN (Reuters) – The Organisation for Economic Cooperation and Development (OECD) warned on Thursday that Germany’s budget crisis, which has called into question billions of …
UK budget watchdog revises down medium-term growth potential
LONDON (Reuters) – Britain’s Office for Budget Responsibility revised down its estimate of the country’s medium-term potential growth rate to 1.6% from 1.8%, as an …
Russia’s budget deficit seen at around 1% of GDP this year -finance minister
MOSCOW (Reuters) – Russia’s budget deficit will be around 1% of gross domestic product (GDP) this year, Finance Minister Anton Siluanov said on Wednesday, marking …
Factbox-German budget crisis tests limits of its ‘debt brake’
BERLIN (Reuters) – Germany’s constitutional court ruled last week that the coalition government’s decision to re-allocate 60 billion euros ($65 billion) of unused debt from …
Germany’s budget committee interrupts 2024 budget deliberations -panel members
By Maria Martinez BERLIN (Reuters) -Germany’s budget committee interrupted final deliberations on the 2024 draft budget early on Friday morning, according to the chief budget …
JPMorgan ratchets up Israel’s 2024 budget deficit forecast
By Marc Jones LONDON (Reuters) -Israel’s war with Hamas in Gaza will lead to a larger-than- expected budget deficit next year, investment bank JPMorgan said …
Italy wary of triggering further budget adjustments by Eurostat
ROME (Reuters) – Italy must take care to avoid further fiscal adjustments by European Union statistics agency Eurostat, otherwise the government may be forced to …
US budget gap narrows in October due to delayed tax payments
(Reuters) – The U.S. Treasury on Monday said the federal budget deficit in October shrank by nearly a quarter from a year earlier, as revenues …
China can raise 2024 budget deficit ratio to spur growth – central bank adviser
BEIJING (Reuters) – China can raise its budget deficit ratio next year to support the economic recovery because there is still space for the central …
Jackson Council President Endorses Phil Murphy’s School Budget Cuts, Says No To Referendum
JACKSON TOWNSHIP, NJ – The Jackson Township School District needs to cut staff and reduce costs. That’s the message provided by Jackson Council President Nino …
US Treasury seen boosting auction sizes as budget deficit worsens
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. Treasury is likely to boost the size of auctions for bills, notes, and bonds in the …
IMF wants strong budget, narrower deficit from Sri Lanka
NEW DELHI (Reuters) -The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to …
IMF’s chief economist urges Italy to toughen budget plans -media
ROME (Reuters) – The International Monetary Fund wants Italy to make its 2024 budget framework more stringent, as tax cut plans made the Fund “a …
Ukraine needs $42 billion budget support this year and next -PM Shmyhal
By David Lawder and Andrea Shalal MARRAKECH, Morocco (Reuters) – Ukrainian Prime Minister Denys Shmyhal said on Wednesday the country would need budget support of …
Portugal eyes small budget surplus in 2024 despite slowing growth
By Sergio Goncalves LISBON (Reuters) – Portugal unveiled its draft 2024 budget on Tuesday, projecting a surplus of 0.2% of GDP despite a further economic …
Irish budget to include 2.4 billion euros of ‘one-off’ supports – source
By Padraic Halpin DUBLIN (Reuters) – Ireland will add one-off financial supports totalling around 2.4 billion euros to planned permanent spending measures and tax cuts …
Emerging economies face $220 billion in budget cuts amid debt crisis -Oxfam
LONDON (Reuters) – Some of the world’s poorest countries face budget cuts topping $220 billion over the coming five years due to a debt crisis …
Niger cuts 2023 budget by 40% as post-coup sanctions bite
NIAMEY (Reuters) – Niger has cut its planned spending for 2023 by 40% because of international sanctions imposed after the military took power in a …
Ireland trims 2023 budget surplus, corporate tax forecasts
DUBLIN (Reuters) – Ireland is set to collect 0.6% less tax than expected this year following a recent fall in corporate receipts and deliver a …
US budget fight could create opening for China in the Pacific
By David Brunnstrom WASHINGTON (Reuters) – A 45-day stopgap measure passed by the U.S. Congress to avert a government shutdown has left potential funding shortfalls …
Portugal PM sees budget surplus in 2023, its second in almost 50 years
By Sergio Goncalves LISBON (Reuters) – The Portuguese government will end the year with a budget surplus, its second in almost five decades, compared with …
Kremlin sees U.S. budget setback for Ukraine as harbinger of Western war fatigue
MOSCOW (Reuters) – The Kremlin said on Monday it believed a decision by U.S. Congress to pass a stopgap funding bill that omitted aid for …
French government rams long-term budget bill through parliament
PARIS (Reuters) – The French government rammed a long-term public finance bill through parliament without a vote, in a bid to secure billions of euros …
UK’s IFS sees 90% chance of budget deficit overshoot by 2027/28
By David Milliken LONDON (Reuters) – Britain’s Institute for Fiscal Studies (IFS) estimated on Thursday that there was a 90% chance that public borrowing in …
Italy sees 2023 budget deficit overshoot at around 5.5% of GDP, sources say
By Giuseppe Fonte ROME (Reuters) – Italy sees its 2023 budget deficit overshooting at around 5.5% of gross domestic product (GDP) from the current 4.5% …
Analysis-A year after budget crisis, UK debt faces fresh pensions headwind
By Yoruk Bahceli and Carolyn Cohn LONDON (Reuters) – Britain’s pensions industry, Europe’s biggest, is posing a new challenge to the country’s 2 trillion pound …
Indonesia parliament passes Jokowi’s $216 billion 2024 budget
JAKARTA (Reuters) – Indonesia’s parliament on Thursday passed President Joko Widodo’s 3,325.1 trillion rupiah ($216.06 billion) budget for 2024, his final year in office, with …
University Guts Academic Programs, Eliminates Over 100 Jobs Amid Budget Troubles
University Guts Academic Programs, Eliminates Over 100 Jobs Amid Budget Troubles Nicole Littlefield on September 15, 2023 The West Virginia University (WVU) Board of Governors …
New Thai govt approves higher spending, budget deficit for fiscal 2024
BANGKOK (Reuters) -Thailand’s new cabinet on Wednesday approved a plan for higher fiscal 2024 spending of 3.48 trillion baht ($97.29 billion) and a larger budget …
Germany’s 2024 budget reverses fiscal trend since 2019
BERLIN (Reuters) – Germany’s debt has grown since 2019 due to the pandemic and the war in Ukraine but the pattern will change this year, …
New Zealand forecasts much larger budget deficit but improved economy
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s government on Tuesday predicted a larger budget deficit but better-than-expected economic conditions in the year ahead, as …
UK’s Hunt to focus on reducing inflation in November budget update – Bloomberg
LONDON (Reuters) – British finance minister Jeremy Hunt will focus his Nov. 22 budget update on reducing inflation and does not expect forecasts to show …
EU cuts Italy GDP outlook, crimping room for Meloni’s budget promises
By Giuseppe Fonte ROME (Reuters) – The European Commission on Monday cut its forecasts for the Italian economy this year and next, following a slew …
Turkey to seek more revenue outside budget, including privatisation -Simsek
ISTANBUL (Reuters) – Finance Minister Mehmet Simsek said on Monday that Turkey’s government would seek further revenues outside the budget, including from privatisation, and that …
NYC Announces Budget Cuts After Mayor Says Migrant Crisis ‘Will Destroy’ Big Apple
NYC Announces Budget Cuts After Mayor Says Migrant Crisis ‘Will Destroy’ Big Apple Jake Smith on September 9, 2023 New York City Mayor Eric Adams …
Brazil central bank applauds Lula’s budget bill, stresses fiscal improvement need
BRASILIA (Reuters) – Brazil’s top central bank officials on Friday praised the government’s commitment to eliminate the primary deficit in its 2024 budget, saying fiscal …
Czech Finance Ministry proposes 2024 state budget with $11.3 billion deficit
PRAGUE (Reuters) – The Czech Finance Ministry has proposed a 2024 central state budget with a 252 billion crown ($11.36 billion) deficit, according to a …
Qatar records $2.74 billion budget surplus in Q2, spending up sharply
By Rachna Uppal (Reuters) – Qatar recorded a budget surplus of 10 billion riyals ($2.74 billion) in the second quarter of 2023, the finance ministry …
South Korea focuses on fiscal discipline with smallest budget increase in two decades
By Jihoon Lee SEOUL (Reuters) – South Korea’s government plans to raise budget spending to nearly $497 billion for 2024, but the proposed increase is …
Poland’s 2024 budget to see big spending on defence, social benefits
WARSAW (Reuters) – Poland plans to raise spending on defence, health, social benefits and public sector pay in 2024, the prime minister said on Thursday, …
Russia abandons budget rule in effort to save tanking rouble
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Russia effectively abandoned its budget rule on Wednesday as the central bank said it would stop …
Brazil faces setbacks on push to erase budget deficit
By Bernardo Caram and Marcela Ayres BRASILIA (Reuters) – Delays and disappointments on revenue-boosting measures have made it harder for Brazil’s government to balance its …
Colombia proposes 502.6 trillion pesos 2024 budget
BOGOTA (Reuters) – Colombia’s government on Saturday presented a budget proposal worth 502.6 trillion pesos ($127.8 billion) for 2024 to Congress, 19% greater than this …
DAVID BLACKMON: Alaska’s Budget Problems Are A Cautionary Tale For Texas
DAVID BLACKMON: Alaska’s Budget Problems Are A Cautionary Tale For Texas David Blackmon on July 29, 2023 What would happen to Texas if it’s the …