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Budget News

EU countries set sights on Apple tax bonanza

Bratislava - Budget-squeezed EU countries will ask Brussels for a share of the billions in Irish back taxes ordered from Apple, officials said on Saturday, bringing further problems to the tech giant after the lacklustre launch of the iPhone 7.

Poland forecasts greater spending, slower growth in 2017

Varsovia - Poland said Monday it would raise spending next year, but still keep its deficit just under an EU-wide limit of 3.0 percent of GDP, while also cutting the growth forecast for central Europe's largest economy.

Italy to seek new EU deal to keep economy on track

Rome - Italy is to seek a new deal with the European Union to allow it to kickstart its stalling economy with an expansionary 2017 budget, a government minister said Saturday.

Spain proposes tax hike to dodge EU deficit fine

Madrid - Spain's acting Economy Minister Luis de Guindos on Tuesday proposed hiking corporate taxes to avoid a fine from the European Commission for repeatedly failing to bring government deficits into line.

Eurozone slams Spain, Portugal on excessive deficits

Brussels - Eurozone finance ministers agreed Monday to officially declare Spain and Portugal in breach of the EU public spending rules, a key step to possibly imposing unprecedented penalties against members of the currency bloc.

Portugal 'does not deserve' EU penalties over deficit: French minister

Paris - French Finance Minister Michel Sapin said Monday that Portugal does not deserve European Union penalties for government budgetary overruns."Portugal has made enormous efforts in the past years.

Brexit vote would trigger cuts, tax hikes: Osborne

London - A vote to leave the European Union in a referendum next week would trigger tax hikes and spending cuts, Britain's finance minister warned Wednesday, after stock markets sank on the apparently rising prospect of Brexit.

Catalonia's pro-independence coalition breaks down

Barcelona - The pro-independence coalition ruling Spain's Catalonia broke down Wednesday after its most radical component refused to back the government budget, forcing the regional president to call a parliamentary vote of no confidence.

U.S. Senate votes to advance $1.1 billion in Zika funds

Washington - The US Senate voted to advance $1.1 billion in emergency funds to fight the Zika virus, setting the stage for a battle with House Republicans who want $622 million for the mosquito-borne disease.

EU cuts Italy 'unprecedented' slack on budget rules

Rome - Italian Prime Minister Matteo Renzi on Tuesday claimed victory in his budget battle with Brussels after the EU granted Rome "unprecedented" leeway on the application of deficit rules for 2016.

Italy set to double baby bonus to fight birth rate 'apocalypse'

Rome - Italy's health minister is proposing doubling a 'baby bonus' incentive for couples to have more children to combat what she calls a catastrophic decline in the country's birth rate.

Tobacco tax hike to add billions to Australia's coffers

Canberra - Smokers in Australia could pay approximately Aus$40 (US$30) for a pack of cigarettes from 2020, under revenue-boosting budget measures announced Tuesday.The cost of cigarettes will rise 12.

Tobacco tax hike to add billions to Australia's coffers

Canberra - Smokers in Australia could pay approximately Aus$40 (US$30) for a pack of cigarettes from 2020, under revenue-boosting budget measures announced Tuesday.The cost of cigarettes will rise 12.

Tobacco tax hike to add billions to Australia's coffers

Canberra - Smokers in Australia could pay approximately Aus$40 (US$30) for a pack of cigarettes from 2020, under revenue-boosting budget measures announced Tuesday.The cost of cigarettes will rise 12.

New Jersey's budget may take hit because one guy moved

New Jersey has to rethink its budget because one guy moved to Florida. The guy who moved is David Tepper, a billionaire.

Panama Papers: secret accounts of the rich and powerful

Paris - World leaders, stars of the pitch and screen and dozens of billionaires were among those named and shamed in what looks to be the biggest ever leak of inside information in history.

Panama Papers: secret accounts of the rich and powerful

Paris - World leaders, stars of the pitch and screen and dozens of billionaires were among those named and shamed in what looks to be the biggest ever leak of inside information in history.

India to rename railway 'coolies' in modernisation drive

New Delhi - India on Thursday said it will roll out wifi to hundreds of stations, install 17,000 hi-tech toilets on trains and professionalise its unskilled porters, or "coolies" under a drive to modernise its creaking railways.

Crucial Rio metro extension 'will be done in time for Olympics'

Rio De Janeiro - Rio state officials have insisted that the city's metro system -- crucial to moving huge crowds during the Olympics this August -- willbe done on time, after its mayor voiced doubts."We are working carefully and on schedule.

Portugal government adopts 2016 draft budget without EU's approval

Lisbon - The Portuguese cabinet on Thursday adopted its 2016 draft budget without waiting for EU Commission approval, a government spokesman said.

Germany urges strict budget policy to cope with refugees

Frankfurt - Germany's top priority at the moment is taking in and integrating the huge influx of refugees, but that will require a very strict handling of the country's public finances, finance minister Wolfgang Schaeuble said in a newspaper interview Thursday.

Pentagon chief unveils extra funds to bomb IS, counter Russia

Washington - US forces have fired so many smart bombs at Islamic State targets that stocks of the sophisticated weapons are dwindling, Defense Secretary Ashton Carter said Tuesday as he previewed the Pentagon's enormous budget.

Russia announces new budget cuts amid oil slide

Moscow - Russia will cut its spending by 10 percent this year, the finance minister said Wednesday, as prices for Moscow's key export commodity slumped to new lows."We have agreed that ministries and (government) agencies...

Stung by low oil prices, Saudi makes unprecedented cuts

Riyadh - Long accustomed to cheap utilities and some of the lowest petrol prices in the world, Saudis woke to a shock Tuesday as authorities made massive subsidy cuts after falling oil prices caused a record deficit.

German states budget 17 bn euros for refugees in 2016: Report

Berlin - Germany's federal states plan to spend about 17 billion euros in 2016 for the country's record refugee influx, said a newspaper survey Tuesday of their finance ministries.

Ukraine approves IMF-backed austerity budget

Kiev - The Ukrainian parliament on Friday adopted a budget for 2016 with a deficit of 3 percent of GDP, crucial for unlocking much needed aid from the IMF and Western countries.

Rio governor declares health sector emergency ahead of Olympics

Rio De Janeiro - The governor of the Brazilian state of Rio de Janeiro has declared a health sector emergency after public hospitals began limiting services due to funding shortfalls amid wider state budget woes.

Japan PM Abe's cabinet approves largest defence budget

Toukyo - Prime Minister Shinzo Abe's cabinet on Thursday approved Japan's biggest ever annual defence budget, as the country bolsters its military amid territorial rows and concerns over China's expanding naval reach.The cabinet approved 5.05 trillion yen ($41....

Saudi to diversify economy away from oil: King Salman

Riyadh - Saudi King Salman on Wednesday said he has ordered economic reforms to diversify sources of income and reduce high dependence on oil following a sharp drop in crude prices.

Emerging powers rise in IMF as U.S. unblocks reforms

Washington - China, India and Russia will soon speak with a louder voice at the International Monetary Fund.
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ARRIVAL: New Jersey Gov. Chris Christie (left) greets U.S. President Barack Obama and FEMA Administr...
ARRIVAL: New Jersey Gov. Chris Christie (left) greets U.S. President Barack Obama and FEMA Administrator Craig Fugate on the tarmac at Atlantic City International Airport after the two federal officials arrived to tour storm damage from Hurrican Sandy in 2012.
White House photo by Chuck Kennedy
New Jersey s baboon is finally captured.
New Jersey's baboon is finally captured.
The dinner shown cost less than $5.45.
The dinner shown cost less than $5.45.
Home baked bread can be a healthy  tasty  inexpensive alternative to store-bought loaves.
Home baked bread can be a healthy, tasty, inexpensive alternative to store-bought loaves.
Cascade Complex  Idaho  2007.
Photo taken: Sep 11  2007
Cascade Complex, Idaho, 2007. Photo taken: Sep 11, 2007
USFS
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
wikipedia
Pie chart showing breakdown of expenditures for 2010 federal budget. Notice Social Security  Medicar...
Pie chart showing breakdown of expenditures for 2010 federal budget. Notice Social Security, Medicare and Medicaid spending amount to 46 percent of total spending.
Amapha
Untitled
Altogether Fool
Couple on couch  working through their budget.
Couple on couch, working through their budget.
Big Stock Photo
CBO 2010 Federal Budget. Notice that Social Security  Medicare and Medicaid amount to 43 percent of ...
CBO 2010 Federal Budget. Notice that Social Security, Medicare and Medicaid amount to 43 percent of total expenditures for FY 2010.
Amapha
The Indiana House of Representatives.
The Indiana House of Representatives.
Associated Press
President Barack Obama delivers remarks on the budget negotiations  in the James S. Brady Press Brie...
President Barack Obama delivers remarks on the budget negotiations, in the James S. Brady Press Briefing Room of the White House, Sept. 30, 2013.
White House photo