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Budget News

Czech PM rejects EU post-Brexit budget proposal

Prague - Czech billionaire Prime Minister Andrej Babis on Monday rejected the European Commission's multi-year draft budget as "completely unacceptable", lashing out at spending priorities imposed by Brussels.

France, Germany close to agreement on eurozone reform

Paris - Paris and Berlin are very close to an agreement on eurozone reform after months of divisions, French Finance Minister Bruno Le Maire has said.

Latvia rejects EU's post-Brexit budget proposal

Riga - Latvia's prime minister on Friday "categorically" rejected the European Commission's proposal to slash cohesion funds and spending priorities for the Baltic eurozone state in its next multi-year budget.

Scratch to save a castle: France launches heritage lottery

Ferney-voltaire - French President Emmanuel Macron launched a new lottery Thursday to raise funds for the restoration of endangered heritage sites, including an island fort in Brittany, a Roman aqueduct near Lyon and a disused sugar refinery on the French Indian Ocean i...

Company tied to Slovak president pays up taxes amid allegations

Bratislava - A company owned by relatives of liberal Slovak President Andrej Kiska filed 15 corrected tax returns, his spokesman confirmed on Wednesday, amid allegations by rivals that the self-made millionaire used it to breach spending rules during his 2014 campa...

Company tied to Slovak president pays up taxes amid allegations

Bratislava - A company owned by relatives of liberal Slovak President Andrej Kiska filed 15 corrected tax returns, his spokesman confirmed on Wednesday, amid allegations by rivals that the self-made millionaire used it to breach spending rules during his 2014 campa...

EU proposes spending more on Italy, less on Poland

Strasbourg - The EU on Tuesday proposed spending more on Italy and other member countries hit by the economic and migrant crises but less on increasingly wealthy eastern states like Poland.

Spain PM gets backing for budget despite Catalan crisis

Madrid - Spain's minority government won parliamentary approval Wednesday for its 2018 budget after Basque nationalists made a last-minute U-turn on a vow to withhold their crucial support unless Madrid lifts direct rule on Catalonia.

Spain PM gets support from Basque party to pass 2018 budget

Madrid - After months of suspense, Spain's government finally got the guarantee it needed that the 2018 budget would be approved after a Basque nationalist party said Wednesday it would vote in favour of the spending plan.

IMF urges Saudi to contain spending as deficit widens

Dubai - The International Monetary Fund has called on Saudi Arabia to keep public spending under control, even as a partial recovery of oil prices helps the economy emerge from recession.

Catalan crisis threatens Spain's 2018 budget and PM

Madrid - The Catalan crisis is putting the adoption of Spain's 2018 budget, and possibly even Prime Minister Mariano Rajoy's rule, in jeopardy as Basque nationalists threaten to withhold their crucial support unless Madrid lifts direct rule on Catalonia.

Pompeo ends US diplomatic hiring freeze

Washington - America's top diplomat, Secretary of State Mike Pompeo, ended Tuesday a hiring freeze that contributed to the unpopularity of his dismissed predecessor.

Australia hikes aid in Pacific as China pushes for influence

Sydney - Australia is refocussing its foreign aid programmes in a move to win hearts and minds in the island nations of the Pacific, as an increasingly assertive China flexes its muscles in the region.The country has pledged more than Aus$1.

Tax cuts and cheaper beer in pre-election Australian budget

Sydney - Australia's conservative government pledged tax cuts for low and middle earners, cheaper beer, and billions of dollars for new roads and rail lines in a pre-election budget Tuesday.

Poland plays down possible EU budget cuts

Warsaw - Poland on Monday played down possible EU funding cuts over its controversial judicial reforms -- in addition to sanctions it already faces -- saying it sees room for negotiation over financial allocations.

Hungary blasts EU over funding 'blackmail' plan

Budapest - Hungary said Thursday that a European Union plan to link the bloc's funding payouts to respect for the rule of law amounted to "blackmail", a day after Brussels unveiled its first post-Brexit multi-year budget plan.

Germany coalition bickers over military and aid spending

Berlin - Bickering broke out within Chancellor Angela Merkel's hard-fought coalition on Wednesday, as German budget plans left the defence and international development ministries out in the cold.

EU big guns take aim at post-Brexit budget plan

Apo - The EU's plans for a bigger 1.279-trillion euro multi-year budget after Brexit drew fire on Wednesday from key member countries angry that they will have to foot the bill.

Sanctions force Russia to cut defence spending: study

Stockholm - Russia's military spending fell sharply in 2017 for the first time since 1998 as a slew of Western economic sanctions hit government coffers hard, a closely followed review said Wednesday.

Brussels begins big battle on post-Brexit budget

Apo - The EU will this week unveil its first formal plans for a larger, one-trillion-euro-plus long-term budget after Britain's departure, which threaten to further deepen divisions in the bloc.

Greece decides on F-16 warplane upgrade: official

Atenas - Greece on Saturday announced an upgrade for part of its US-made F-16 warplane fleet, a programme pending over the past six months owing to cost concerns.

Mnuchin defends US call to slash support for development banks

Washington - US Treasury Secretary Steven Mnuchin on Wednesday defended budget proposals that would sharply cut or eliminate American support for multilateral aid agencies and programs.

French watchdogs warn of 500mn-euro Paris Olympic overspend

Paris - With work on the 2024 Olympics in Paris barely begun, French budgetary watchdogs on Friday warned there was a danger of a 500-million-euro ($616 million) cost overrun.

Trump reverses threat to shut down US government

Washington - President Donald Trump abandoned a threat to shut down the US government Friday, signing off on a budget despite being "unhappy" with many of its provisions -- and warning he won't back anything similar ever again.

Trump tweets threat to shut down US government

Washington - President Donald Trump provoked a fresh political crisis Friday, threating to veto an already approved budget and shut down the federal government.

Trump threatens spending bill veto, raising shutdown risk

Washington - A combative Donald Trump threatened Friday to veto a spending deal clinched in a dead-of-night compromise in Congress, in a dramatic U-turn by the president that raises the fresh specter of a government shutdown.

US spending deal clinched, could avert government shutdown

Washington - US congressional budget negotiators said Wednesday they had reached a deal on federal spending for the remainder of fiscal 2018, two days before a deadline to fund the government or risk a shutdown.The $1.

US lawmakers clinch spending deal to avert govt shutdown

Washington - US congressional budget negotiators said Wednesday they had reached a deal on federal spending for the remainder of fiscal 2018, two days before a deadline to fund the government or risk a shutdown.The $1.

British economy facing Brexit-induced struggle

London - Britain's economy will face sluggish growth in the coming years on the back of Brexit fallout, finance minister Philip Hammond revealed Tuesday in a key budget update.Gross domestic product (GDP) is projected to grow 1.

Brexit 'challenging' for EU budget: Merkel

Frankfurt Am Main - Net contributor Britain's planned departure from the EU leaves the bloc's remaining 27 members with a "very challenging" budget hole to plug, German Chancellor Angela Merkel said Monday.
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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
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.
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
Cascade Complex  Idaho  2007.
Photo taken: Sep 11  2007
Cascade Complex, Idaho, 2007. Photo taken: Sep 11, 2007
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NASA/DISCOVR
The Indiana House of Representatives.
The Indiana House of Representatives.
Associated Press
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New Jersey's baboon is finally captured.
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
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
wikipedia
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
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A Coronal mass ejection.
NASA
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Couple on couch, working through their budget.
Big Stock Photo
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Altogether Fool
Snow on March 17  2017. Canada is still in  winter  mode.
Snow on March 17, 2017. Canada is still in "winter" mode.
Environment Canada