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 on the country’s own budget, …
budget
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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 the resignation of Prime Minister …
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In the News
German cabinet to agree supplementary budget this afternoon – spokesperson
by Reutersby Reuters(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 to present a 2024 budget …
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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 conservatives, as hunger for sorely …
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In the News
Indonesia’s budget tips into deficit in October, on track for full year target
by Reutersby ReutersJAKARTA (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 the first nine months, and …
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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 cost of living and corporations …
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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 euros in planned spending, could …
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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 ageing population works shorter hours …
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In the News
Russia’s budget deficit seen at around 1% of GDP this year -finance minister
by Reutersby ReutersMOSCOW (Reuters) – Russia’s budget deficit will be around 1% of gross domestic product (GDP) this year, Finance Minister Anton Siluanov said on Wednesday, marking the latest improvement in Russia’s …
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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 the pandemic era to climate …
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In the News
Germany’s budget committee interrupts 2024 budget deliberations -panel members
by Reutersby ReutersBy 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 officers of the coalition government, …
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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 on Wednesday, adding that the …
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ROME (Reuters) – Italy must take care to avoid further fiscal adjustments by European Union statistics agency Eurostat, otherwise the government may be forced to rewrite its 2024 budget in …
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(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 climbed to a record for …
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In the News
China can raise 2024 budget deficit ratio to spur growth – central bank adviser
by Reutersby ReutersBEIJING (Reuters) – China can raise its budget deficit ratio next year to support the economic recovery because there is still space for the central government to issue more debt, …
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Breaking News
Jackson Council President Endorses Phil Murphy’s School Budget Cuts, Says No To Referendum
by Phil Stiltonby Phil StiltonJACKSON TOWNSHIP, NJ – The Jackson Township School District needs to cut staff and reduce costs. That’s the message provided by Jackson Council President Nino Borrelli at Tuesday night’s township …
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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 fourth quarter when it announces …
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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 bridge the gap between government …
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Business News
IMF’s chief economist urges Italy to toughen budget plans -media
by Reutersby ReutersROME (Reuters) – The International Monetary Fund wants Italy to make its 2024 budget framework more stringent, as tax cut plans made the Fund “a bit worried”, its chief economist, …
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Business News
Ukraine needs $42 billion budget support this year and next -PM Shmyhal
by Reutersby ReutersBy David Lawder and Andrea Shalal MARRAKECH, Morocco (Reuters) – Ukrainian Prime Minister Denys Shmyhal said on Wednesday the country would need budget support of about $42 billion this year …
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Business News
Portugal eyes small budget surplus in 2024 despite slowing growth
by Reutersby ReutersBy Sergio Goncalves LISBON (Reuters) – Portugal unveiled its draft 2024 budget on Tuesday, projecting a surplus of 0.2% of GDP despite a further economic slowdown to 1.5% from this …
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Business News
Irish budget to include 2.4 billion euros of ‘one-off’ supports – source
by Reutersby ReutersBy 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 in Tuesday’s budget for 2024, …
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Business News
Emerging economies face $220 billion in budget cuts amid debt crisis -Oxfam
by Reutersby ReutersLONDON (Reuters) – Some of the world’s poorest countries face budget cuts topping $220 billion over the coming five years due to a debt crisis that has pushed dozens to …
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NIAMEY (Reuters) – Niger has cut its planned spending for 2023 by 40% because of international sanctions imposed after the military took power in a July coup, further hobbling the …
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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 lower than forecast budget surplus …