Italy posts firm growth in 2022, but budget deficit overshoots
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 …
budget
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.
Senate Republicans Comment on Murphy’s FY 2024 Budget Proposal
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 of school districts.
UK’s Hunt has extra 30 billion pounds to play with in March budget, IFS says
By 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 …
Brazil’s central govt tops expectations with record January budget surplus
BRASILIA (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 …
Canada records C$5.54 billion budget deficit over first nine months of 2022/23
OTTAWA (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 …
Russian 2023 budget deficit to widen as price caps take effect – Scope
BERLIN (Reuters) – Lower revenues from oil and gas exports will significantly widen Russia’s budget shortfall this year, according to an analysis from the European …
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.
Analysis-How a U.S. budget dispute imperils funding for Taiwan weapons
By 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 …
Hong Kong under pressure to cut spending in budget as deficit soars
By Jessie Pang and Donny Kwok HONG KONG (Reuters) – Hong Kong is under pressure to rein in spending when it unveils its annual budget …
Budget demands of German coalition partners unrealistic, says finance minister
By Christian Kraemer and Maria Martinez BERLIN (Reuters) – German Finance Minister Christian Lindner considers the budget demands made by his government coalition partners to …
Russia stands by 2% of GDP budget deficit plan after huge Jan shortfall
By 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% …
U.S. Republicans ask Biden to boost Taiwan in his budget request
By Patricia Zengerle WASHINGTON (Reuters) – The top Republicans on U.S. congressional foreign affairs and armed services committees pressed Democratic President Joe Biden on Thursday …
Colombia gov’t to boost 2023 budget by $4.7 billion, minister says
BOGOTA (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 …
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 …
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 …
Kenya tweaks 2022/23 spending, deficit estimates in supplementary budget
NAIROBI (Reuters) – Kenya’s finance ministry has tweaked its spending and budget deficit estimates for the current fiscal year that ends in June to show …
TotalEnergies raises by 15% bonus budget for some key French staff
PARIS (Reuters) – French oil giant TotalEnergies said on Thursday that it would raise by 15% the budget allocated to bonuses for some of its …
Canada records C$3.55 billion budget deficit over first eight months of 2022/23
OTTAWA, 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 …
Mongolia calls on Rio Tinto to keep budget for giant copper mine in check
By Clara Denina LONDON (Reuters) – Mongolia has asked Rio Tinto, its partner in the huge Oyu Tolgoi copper and gold mine in the Gobi …
Congressional Budget Office to issue debt limit, budget forecasts on Feb. 15
By David Lawder WASHINGTON (Reuters) – The Congressional Budget Office (CBO) said on Wednesday that it plans to release its 2023 baseline budget and economic …
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.
India’s 2023/24 budget likely to be cautious, cutting deficit
By Aftab Ahmed NEW DELHI (Reuters) – The Indian government will present a budget on Feb. 1 that will likely put deficit reduction ahead of …
India may peg nominal GDP growth at about 11% in 2023/24 budget- sources
By Shubham Batra and Aftab Ahmed (Reuters) – India is likely to peg its nominal gross domestic product (GDP) growth at around 11% in the …
Russia may hike taxes as military spending, oil price weigh on budget
By Darya Korsunskaya MOSCOW (Reuters) -Russia is becoming too dependent on oil revenues to support its budget as it ramps up military spending, economists said, …
Russia says budget deficit hit 2.3% of GDP in 2022
(Reuters) – Russia recorded a budget deficit of 2.3% of its gross domestic product in 2022, Finance Minister Anton Siluanov said on Tuesday, reflecting the …
Thailand approves $100 billion budget for 2024 fiscal year
BANGKOK (Reuters) – Thailand’s cabinet on Tuesday approved a budget of 3.35 trillion baht ($100 billion) for the fiscal year 2024. The new budget is …
Factbox-Turkey’s raft of pre-election spending to swell budget
By Nevzat Devranoglu and Daren Butler ANKARA (Reuters) – President Tayyip Erdogan’s decision to allow more than 2 million Turkish workers to retire early is …
Italy’s parliament gives final approval to government’s 2023 budget
ROME (Reuters) – The Italian government on Thursday comfortably won a vote of confidence in the Senate over its expansionary 2023 budget, obtaining parliament’s final …
Malaysia to unveil new 2023 budget on Feb 24
KUALA LUMPUR (Reuters) – Malaysia’s new government will present its budget for 2023 on February 24, according to a schedule published on the parliament’s website. …
Tunisia union threatens to ‘occupy the streets,’ rejects 2023 budget
By Tarek Amara TUNIS (Reuters) – Tunisia’s powerful UGTT union will hold mass protests and “occupy the streets” soon to show its rejection of next …
Hungary imposes windfall tax on drug producers to plug budget gap
BUDAPEST (Reuters) -Hungary’s government has imposed a windfall tax on drug producers based on net revenues generated in 2022 and 2023, as it tries to …
Japan Signs Off On Record Defense Budget, Including Billions For American Weapons
Japan Signs Off On Record Defense Budget, Including Billions For American Weapons Micaela Burrow on December 23, 2022 Japan’s leadership put final approval to a …
Romney Says He Didn’t Trust GOP-Controlled House To Craft A Budget
Romney Says He Didn’t Trust GOP-Controlled House To Craft A Budget Harold Hutchison on December 22, 2022 Republican Sen. Mitt Romney of Utah said Thursday …
Italy govt calls confidence vote over 2023 budget
ROME (Reuters) – Italy’s government asked on Thursday for the lower house of parliament to hold a confidence vote on the 2023 budget to speed …
No spending spree likely in last full Indian budget before 2024 election: Reuters poll
By Vivek Mishra BENGALURU (Reuters) – The Indian government will focus on fiscal consolidation in its Feb. 1 budget, the last full one before a …
Congress Just Supersized A Key Part Of The Pentagon’s ‘Diversity’ Budget. Here’s Where The Money Is Going
Congress Just Supersized A Key Part Of The Pentagon’s ‘Diversity’ Budget. Here’s Where The Money Is Going Micaela Burrow on December 19, 2022 Editor’s note: …
Brazil’s top court lifts Lula with ‘secret budget,’ social spending rulings
SAO PAULO (Reuters) -Brazilian President-elect Luiz Inacio Lula da Silva scored two key victories on Monday, after the Supreme Court granted an injunction allowing him …
Philippines’ Marcos cheers ‘Christmas gift’ of $95 billion state budget
MANILA (Reuters) – Philippine President Ferdinand Marcos Jr on Friday signed into law the 2023 budget bill which authorises a record 5.27 trillion pesos ($94.78 …
Greek Jan-Nov primary budget deficit beats target, tax revenues help
ATHENS (Reuters) -Greece’s central government reported a lower-than-expected primary budget deficit in the first 11 months of the year as tax revenues slightly beat initial …
EU Commission approves Italy’s 2023 draft budget despite reservations
BRUSSELS (Reuters) -Italy’s draft 2023 budget draft, drawn up by its new government, is overall in line with policies agreed by EU governments, the European …
New Zealand forecasts recession next year but a narrower budget deficit
By Lucy Craymer and Alasdair Pal WELLINGTON (Reuters) – New Zealand’s government on Wednesday forecast the country would enter a recession in 2023, even as …
Russia to see huge budget deficit in Dec after Gazprom-fuelled surplus in Nov
MOSCOW (Reuters) – Russia’s monthly budget deficit could reach 3.5 trillion roubles ($55.38 billion) in December for the government to see an annual deficit at …
Serbia’s parliament adopts 2023 budget, sets growth at 2.5%, deficit at 3.3%
BELGRADE (Reuters) – Parliament adopted Serbia’s budget for next year on Friday, projecting growth at 2.5% of national output and a 3.3% deficit, down from …
Japan to increase defence budget by $7.3 billion in fiscal 2023 – sources
By Takaya Yamaguchi and Yoshifumi Takemoto TOKYO (Reuters) -Japan’s government is set to raise defence spending by 1 trillion yen ($7.34 billion) to around 6.5 …
Japan to increase defence budget by $7.3 billion in fiscal 2023 – sources
By Takaya Yamaguchi and Yoshifumi Takemoto TOKYO (Reuters) -Japan’s government is set to raise defence spending by 1 trillion yen ($7.34 billion) to around 6.5 …
Venezuela sees oil exports financing almost two-thirds of 2023 budget
By Mayela Armas CARACAS (Reuters) – Venezuela’s government expects oil exports to finance 63% of its national budget in 2023, a document seen by Reuters …
Budget airline Volaris expands El Salvador-United States routes
MEXICO CITY (Reuters) – Low-cost carrier Volaris’ El Salvador operation will expand its flights to the United States, adding three new routes out of the …
Brazil central govt posts primary budget surplus of $5.8 billion in October
BRASILIA (Reuters) – Brazil’s central government posted a primary budget surplus of 30.8 billion reais ($5.8 billion) in October, Treasury data showed on Tuesday, above …
Romania’s Jan-Oct consolidated budget deficit at 3.37%/GDP-Finance Minister data
BUCHAREST (Reuters) – Romania’s consolidated budget deficit widened to 3.37% of gross domestic product in the first ten months from 3.04% at the end of …