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Budget News

Franco-German mini-summit to tackle growth, budget

Berlin - French and German ministers are due to meet Monday to discuss ways of boosting growth in Europe's two biggest economies, as Paris called on Berlin to step up investment.

Japan defence ministry asks for record budget

Tokyo - Japan's defence ministry on Friday made its biggest ever budget request, as Tokyo bolsters its military amid worries over China's expanding naval reach. The ministry wants 5.05 trillion yen ($48.

India increases defence spending, invites foreign investment

New Delhi - India announced Thursday it would lift the cap on foreign direct investment in the defence sector to 49 percent and announced a 12-percent rise in military spending as part of efforts to modernise its armed forces.

Indian Railways presents 28 billion USD budget for 2014-15

New Delhi - India's Minister of Railways D.V. Sadananda Gowda presented the railway budget for the financial year 2014-15, at the Indian parliament on July 8.

Louisiana’s construction budget goes over by $400m

On Sunday, a Senate committee bloated the state construction budget with more projects. Going over budget by $400 million, House Bill 2 is now in the hands of Gov. Bobby Jindal who needs to decide on which projects stay and which go.

Australia PM regrets radio wink as backlash grows

Sydney - Australian Prime Minister Tony Abbott Thursday expressed regret at winking during a testy radio chat with a pensioner who works on a sex phone line, as he battled a fierce backlash.

How to find a surround sound system on a budget

If you’re looking for a quality surround sound system at the lower end of the cost spectrum, there are quite a few name brands you can choose from. Plenty of options offer impressive wattage and multiple features for under $350.

5 nifty personal finance apps

Roughly one in three Americans are keeping track of their finances via their smartphones. Here's a look at some applications to help you stay on budget.

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.

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.

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.

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.

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.

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.

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.

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.

'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.

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.

Japan passes record $937 billion budget

Tokyo - Japan on Thursday passed its biggest-ever budget, a $937 billion spending package aimed at propping up growth as consumers brace for the country's first sales tax rise for over 15 years."The most important policy of the Abe government has been and will...

Britain cuts borrowing forecasts

London - Britain anticipates wiping out its annual budget deficit by the end of the decade after cutting its state borrowing forecasts in Chancellor of the Exchequer George Osborne's annual budget statement on Wednesday.Osborne said that his Conservative-Libera...

British budget set to mark election battle lines

London - Britain's Chancellor of the Exchequer George Osborne will on Wednesday spell out his government's spending plans for the coming year, with another dose of austerity likely to be offset by some tax perks.Although Britain's economic recovery and inflatio...

British economic recovery incomplete, warns Osborne

London - Chancellor of the Exchequer George Osborne warned Sunday that Britain's economic recovery was on course but far from completion as he prepared to deliver his annual budget this week.Osborne said Britain was not exporting, investing, building or making...

Asian shares slip on profit-taking, Wall Street losses

Hong Kong - Asian markets sank on Wednesday, taking their lead from another sell-off on Wall Street, while Tokyo took a hit as the yen climbed against the dollar with profit-takers moving in following last week's greenback rally.Tokyo's benchmark Nikkei index tumb...

Science spending in the U.S. set to remain low

President Barack Obama’s proposed 2015 budget asks for a fraction of a percent increase in funding for the National Institutes of Health (NIH), and a one percent boost in funding for the National Science Foundation (NSF).

U.S. 'fiscal cliff' may help explain weak Canada exports: BoC

The 'fiscal cliff' of expiring tax breaks and budget cuts in the United States from early 2013 could partly explain why Canadian exports were unexpectedly weak over the past two years...

Obama unveils election year 'growth and jobs' budget

Washington - President Barack Obama proposed a budget Tuesday for the coming fiscal year that has less to do with managing US finances than with stemming his party's losses in congressional elections.The mildly expansionary $3.9-trillion plan has little chance of p...

White House foresees steady growth, falling deficit

Washington - The White House projected a steady fall in the US deficit over the next five years decade while the economy grows moderately, as it released its budget for the 2015 fiscal year on Tuesday.The budget foresees the economy growing 3.1 percent this year an...

Canada posts December budget surplus of C$1.15 billion

Canada's federal budget registered a surplus in December 2013 of C$1.15 billion ($987 million), reflecting a strong increase in revenues from most sources, the Department of Finance said on Friday in a monthly report.

Op-Ed: The Price of Freedom — What are we sacrificing now?

The proposed budget cuts by the Secretary of Defense are nothing more than a red herring from an administration with out of control spending habits, desperate to make the Affordable Care Act work, and a habit of targeting the military.

Pentagon plans to shrink US Army to pre-WWII level

Washington - The Pentagon plans to scale back the US Army by more than an eighth to its lowest level since before World War II, signaling a shift after more than a decade of ground wars.Saying it was time to "reset" for a new era, Defense Secretary Chuck Hagel reco...
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Budget Image

The dinner shown cost less than $5.45.
The dinner shown cost less than $5.45.
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
Cascade Complex  Idaho  2007.
Photo taken: Sep 11  2007
Cascade Complex, Idaho, 2007. Photo taken: Sep 11, 2007
Couple on couch  working through their budget.
Couple on couch, working through their budget.
Big Stock Photo
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
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.
The Indiana House of Representatives.
The Indiana House of Representatives.
Associated Press
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.
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.
New Jersey s baboon is finally captured.
New Jersey's baboon is finally captured.


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