Portugal’s parliament passes 2023 budget bill on final reading
LISBON (Reuters) – Portugal’s parliament on Friday passed the majority Socialist government’s 2023 budget, which aims to further slash the deficit and debt even as …
budget
German budget for 2024 will be more challenging than for 2023 – Finance Minister
BERLIN (Reuters) – Germany’s budget margins will get tighter in the next couple of years, Finance Minister Christian Lindner said on Friday. “The 2024 budget …
Indonesia to use excess budget cash to rein in 2023 borrowing
JAKARTA (Reuters) – Indonesia will accumulate excess cash in this year’s budget and use it to help reduce borrowing in 2023, when it expects to …
Colombian Congress approves royalties budget for 2023-2024
BOGOTA (Reuters) – Colombia’s Congress on Wednesday approved a budget for investing billions of dollars in royalties from hydrocarbons and mineral exploitation. The 31.3 trillion …
Factbox-Italy’s government approves 2023 budget, key points
ROME (Reuters) – Italy’s new right-wing government signed off on its first budget in the early hours of Tuesday, a package focusing on curbing sky-high …
Factbox-Italy’s government approves 2023 budget, key points
ROME (Reuters) – Italy’s new right-wing government signed off on its first budget in the early hours of Tuesday, a package focusing on curbing sky-high …
Factbox-Italy’s government approves 2023 budget, key points
ROME (Reuters) – Italy’s new right-wing government signed off on its first budget in the early hours of Tuesday, a package focusing on curbing sky-high …
German finance minister: must talk about fiscal stimulus for 2024 budget
BERLIN (Reuters) – The German government needs to talk about fiscal measures for the 2024 budget to stimulate the economy, Finance Minister Christian Lindner said …
Japan finance minister calls for permanent funding sources for defense budget
TOKYO (Reuters) – Japan must secure permanent financing sources to increase defense spending by reviewing revenue and expenditure, and further reform spending in coming years, …
New Italian government’s budget to boost spending to fight energy crisis
By Crispian Balmer ROME (Reuters) – Italy’s new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget …
Analysis-Tough budget leaves UK’s growth challenge unmet
By William Schomberg and David Milliken LONDON (Reuters) – British finance minister Jeremy Hunt says higher taxes and curbs on spending are the price that …
IMF backs UK plan for $65 billion of budget tightening
By David Milliken LONDON (Reuters) -The International Monetary Fund’s managing director, Kristalina Georgieva, said she had spoken with British finance minister Jeremy Hunt on Friday …
California Projected To Have Massive Budget Shortfall As Businesses Flee The State
California Projected To Have Massive Budget Shortfall As Businesses Flee The State Bronson Winslow on November 16, 2022 California is expected to have a $25 …
Britain’s budget plan restores credibility but risks remain -Moody’s
LONDON (Reuters) – Britain’s budget plan for tax increases and tighter public spending announced on Thursday goes some way to restoring the country’s economic credibility, …
Sterling, Big Oil and homebuilders: the winners and losers from upcoming UK budget
By Amanda Cooper, Samuel Indyk and Harry Robertson LONDON (Reuters) – The moment of truth is almost here for Britain’s new prime minister Rishi Sunak …
Sri Lanka must implement budget proposals to avoid return to crisis
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – Sri Lanka needs to implement budget proposals and reform measures to start earning crucial foreign exchange …
German budget experts push for dividend ban tied to energy subsidies
BERLIN (Reuters) – Budget experts from Germany’s ruling coalition on Friday stressed the need for a ban on dividends and bonuses being paid out at …
Italy plans at least 15 billion euro package to tame energy costs in 2023 budget -sources
By Giuseppe Fonte ROME (Reuters) – Italy plans to set aside at least 15 billion euros ($14.6 billion) in its 2023 budget to soften the …
Ecuador’s slimmer budget blueprint for next year shrinks deficit
QUITO (Reuters) – Ecuador’s government predicts its budget deficit will narrow to$2.63 billion next year as it benefits from more economic growth and oil production, …
Portugal’s parliament approves budget bill on first reading
LISBON (Reuters) – Portugal’s parliament easily approved the majority Socialist government’s 2023 budget bill on its first reading on Thursday, paving the way for planned …
Argentine lawmakers okay 2023 budget bill in overnight session
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s lower house of Congress on Wednesday passed President Alberto Fernandez’s 2023 budget bill after a lengthy, overnight …
Australia aims for ‘responsible’ budget after UK mayhem
By Wayne Cole SYDNEY (Reuters) -Australia’s Labor government will launch its first budget next week with warnings about global recession and tough spending choices at …
Italy budget watchdog sees GDP shrinking by 0.2% in third quarter
ROME (Reuters) – The Italian economy is set to shrink by 0.2% in the third quarter of the year, the Italian parliament’s budget watchdog said …
Analysis-Despite tax U-turn, UK’s Hunt still faces tough budget choices
By William Schomberg LONDON (Reuters) – The screeching about-turn on tax cuts by finance minister Jeremy Hunt on Monday will not spare Britain from painful …
Portugal’s draft budget targets lower deficit despite steep slowdown
By Sergio Goncalves LISBON (Reuters) -Portugal unveiled its draft 2023 budget on Monday, projecting a steep slowdown in economic growth with high energy and food …
CARTER: The Biden Administration’s Budget Hypocrisy
CARTER: The Biden Administration’s Budget Hypocrisy James Carter on October 9, 2022 The Biden administration’s claims of deficit reduction come in stark contrast to …
Czech cenbank chief: higher budget gaps would hamper inflation fight
PRAGUE (Reuters) – The Czech government running higher state budget deficits would hamper the central bank’s efforts to tame inflation, Governor Ales Michl wrote on …
Malaysia confirms budget announcement on schedule, amid election speculation
KUALA LUMPUR (Reuters) – Malaysia will present its 2023 budget on Friday as previously scheduled, a finance ministry spokesperson said on Tuesday, amid speculation that …
UK Treasury minister rejects IMF concern over tax-cutting budget
LONDON (Reuters) -Chris Philp, Britain’s chief secretary to the Treasury, said he disagreed with concerns raised by the International Monetary Fund about the government’s tax-cutting …
Russia sets new budget rule, may resume FX interventions this year -Finance Minister
By Darya Korsunskaya MOSCOW (Reuters) – Russia estimates the new cut-off price for its budget rule that diverts excess oil revenues into its wealth fund …
Marketmind: Mini budget, major turmoil
A look at the day ahead in European and global markets from Anshuman Daga What was meant to be a mini-budget is still thundering across …
France says inflation control is the main priority for 2023 budget
By Leigh Thomas PARIS (Reuters) – The fight against inflation is the biggest priority, France’s finance minister said on Monday as he delivered a 2023 …
Ireland hikes surplus forecast ahead of budget
DUBLIN (Reuters) – Ireland on Saturday almost doubled its budget surplus forecast for 2022 to 0.9% of gross domestic product thanks to booming corporate tax …
Canada records C$6.33 billion budget surplus over first four months of 2022/23
OTTAWA – Canada recorded a C$6.33 billion ($4.67 billion) budget surplus for the first four months of the 2022/23 fiscal year, helped by higher tax …
Russia’s PM sees budget deficit at 2% of GDP in 2023
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – Prime Minister Mikhail Mishustin said …
Robust commodity prices helps narrow Australia’s budget deficit
SYDNEY (Reuters) – Robust commodity prices have helped narrow Australia’s budget deficit for the last fiscal year by about A$50 billion ($34 billion), Treasurer Jim …
Japan govt will spend $24 billion in budget reserves to cope with price hikes
TOKYO (Reuters) – Japan will spend 3.48 trillion yen ($24.31 billion) in budget reserves to cope with ongoing price hikes and respond to COVID-19, the …
Governor Murphy’s Plan to Force Electrical Energy Will Break the Budget for Public Schools
In less than 90 days, the New Jersey Department of Environmental Protection is expected to enact new rules that could cost manufacturers, businesses, public schools, …
Colombia’s congress approves $93.3 billion budget for 2023
BOGOTA (Reuters) – Colombia’s congress on Tuesday approved a record budget of 405.6 trillion pesos ($93.3 billion) for next year, including a spending increase meant …
U.S. August budget deficit widens from a year earlier
(Reuters) – The U.S. government posted a $220 billion budget deficit for August, up 29% from the $171 billion gap reported in the same month …
‘Boondoggles Of Spending’: Military Personnel Are Struggling To Get By As Pentagon Budget Falls Short
‘Boondoggles Of Spending’: Military Personnel Are Struggling To Get By As Pentagon Budget Falls Short Micaela Burrow on September 12, 2022 Like many Americans, some …
Factbox-Key elements of European Union budget rules
By Jan Strupczewski BRUSSELS (Reuters) – The European Union is discussing how to adjust euro zone rules that govern national budgets to match a post-pandemic …
Exclusive-Mexico budget sees stronger growth, lower inflation in 2023 -draft
By Ana Isabel Martinez, Anthony Esposito and Dave Graham MEXICO CITY (Reuters) – Mexican economic growth should accelerate in 2023 to around 3.0% from some …
Putin says Russia will post budget surplus this year, GDP to decline ‘around 2%’
VLADIVOSTOK, Russia (Reuters) – Russia will post a budget surplus this year, President Vladimir Putin said on Wednesday, forecasting a much shallower economic contraction than …
Canada’s Alberta forecasts much bigger 2022-23 budget surplus of C$13.2 billion
(Reuters) – Canadian oil-producing province Alberta expects a budget surplus of C$13.2 billion ($10.1 billion) in the 2022-23 fiscal year, significantly higher than the C$511 …
Irish budget surplus may reach 2% of national income in 2022-watchdog
DUBLIN (Reuters) – Ireland’s budget surplus could reach 2% of gross national income this year, the country’s fiscal watchdog said on Wednesday, significantly ahead of …
Colombia government will seek to raise 2023 budget by $2.28 billion, says finance minister
BOGOTA (Reuters) – Colombia’s leftist government will ask lawmakers to increase the 2023 budget by 10 trillion pesos ($2.28 billion) so it can up spending …
Brazil 2023 budget bill to lower welfare program but will indicate gov’t intention to increase it -sources
By Bernardo Caram BRASILIA (Reuters) – Brazil’s 2023 budget bill to be sent to Congress on Wednesday should lower the Auxílio Brasil welfare program to …
Sri Lanka’s president to cut spending in interim budget
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s president is set to slash expenditure when he presents an interim budget on Tuesday to see the …
Peru government proposes 9% budget increase for 2023
LIMA – The Peruvian government presented its 2023 budget plan to Congress Friday, proposing a 9% increase from this year’s initial budget to 215 billion …