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Budget News

France will stick to EU deficit reduction target

Paris - France will stick to the country's EU-set budget deficit reduction target, the new finance minister insisted on Tuesday, dismissing earlier indications that Paris was angling for a delay.
In the Media by AFP

Portugal says will strip 1.4 bn euros from 2015 budget

Lisbon - Portugal on Tuesday laid out savings designed to strip 1.4 billion euros ($1.9 billion) from its budget in the latest step to trim its public deficit.
In the Media by AFP

Global tobacco control hampered by low government spending

Washington - According to the U.S. CDC, less than $1 billion is spent globally on tobacco control, with 97 percent of the spending done by high-income countries. In contrast, governments worldwide collect nearly $133 billion in tobacco excise tax revenue each year.
In the Media by Tim Sandle - 1 comment

Italy's Renzi hails 'revolution' with public spending cuts

Rome - Italy's Prime Minister Matteo Renzi hailed a "systematic revolution under way in Italy" Tuesday as he unveiled the government's plan to ease pressure on impoverished families through cuts to public spending.
In the Media by AFP

Ukraine crisis threatens German balanced budget, finance minister says

Berlin - German Finance Minister Wolfgang Schaeuble warned on Tuesday that turmoil in Ukraine could threaten Berlin's bid to produce a balanced budget next year.
In the Media by AFP

Tight budget less crucial with interest rates low: IMF

Washington - Austerity budgets and public spending cuts are less critical to economic health as interest rates in the major advanced economies remain historically low, the International Monetary Fund said Thursday.
In the Media by AFP

Pace of French deficit reduction to be discussed with EU: minister

Paris - France's new Finance Minister Michel Sapin said on Thursday the "pace" of the country's deficit reduction would be discussed with the European Union.
In the Media by AFP

France fails budget target, Hollande faces reform dilemma

Paris - France is way behind budget targets, new data shows, deepening a dilemma for President Francois Hollande over spending cuts which could split his allies, or doing a U-turn in dangerous defiance of the EU.
In the Media by Lucile Malandain (AFP)

'French public deficit even worse than predicted'

Paris - France's public deficit for 2013 stood at 4.3 percent, higher than the 4.1 percent forecast by the government, the newspaper Les Echos said on its website on Sunday.
In the Media by AFP

Spain barely misses 2013 deficit target

Madrid - Spain reported Friday it had barely missed its deficit-cutting target for 2013, hailing the result as a significant achievement in a year of job-wrecking recession.The annual public deficit fell to the equivalent of 6.
In the Media by AFP
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President Barack Obama delivers remarks on the budget negotiations  in the James S. Brady Press Brie...
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President Barack Obama delivers remarks on the budget negotiations, in the James S. Brady Press Briefing Room of the White House, Sept. 30, 2013.

Budget Blogs

US share of world defense spending dips below 40%, first time since cold war's end

The United States' share of total military spending worldwide decreased 6 percent in real terms in 2012, representing...
Apr 22, 2013 by Tim Watson

Air Force Aiming For Cyber Weapon Funding

The U.S. Air Force has categorized six cyber tools in its arsenal as weapons, aiming to secure funding for those...
Apr 9, 2013 by Tim Watson

Utah debt recovery — What's fair, according to the State?

The feeling of being swallowed by personal debt is not a pleasant one, and it can seem like the whole world has turned...
Jan 24, 2013 by Meg Jones

No-Budget Rent a car

Well for those living in a bubble for the last century. I have to warn you another major corporation has been ripping...
Nov 5, 2012 by Claus Gerber - 1 comment

Stop New Nuclear Bomb Plants

A few Cold War zealots in Congress are aiming to pour billions of dollars into an unnecessary nuclear weapons...
May 15, 2012 by Rachel Wisch
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