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Budget News

Italy senate to vote on budget Wednesday

Rome - Italy's senate will vote on the 2017 budget on Wednesday, checking off the last task for outgoing Prime Minister Matteo Renzi before he officially resigns, the upper house of parliament said Tuesday.

Brazil anti-austerity protest turns violent

Rio De Janeiro - Rio de Janeiro riot police fired tear gas, rubber bullets and stun grenades Wednesday into an angry crowd protesting proposed austerity measures.

Spain's new government vows to stick to deficit target

Madrid - Spain's new government said Friday it was confident it will respect the public deficit targets it has agreed with the European Commission.Madrid has vowed to reduce its deficit from 5.1 percent of gross domestic product (GDP) in 2015 to 4.

Portugal's ruling party calls German minister a 'pyromaniac'

Lisbon - The head of Portugal's ruling Socialists called German Finance Minister Wolfgang Schaeuble a "pyromaniac" Thursday after he criticised Lisbon for reversing course on austerity.

EU questions budgets of seven eurozone countries

Brussels - The European Commission demanded "clarifications" from seven eurozone countries over their draft budgets, expressing particular concern that Italy, Cyprus and Finland are not meeting EU targets.

Italy PM threatens EU budget veto over migrants

Rome - Italian Prime Minister Matteo Renzi on Tuesday threatened to veto the EU's budget over a lack of solidarity from European neighbours as it struggles with a huge influx of migrants.

Italy's Renzi unveils please all budget

Rome - Italy's Matteo Renzi Saturday unveiled his 2017 budget, which he hopes will please the European Commission and win him support at home in a key referendum.The cabinet signed off on the budget, which will then be scrutinised by Brussels.

Bypassing congress, Maduro decrees Venezuela budget

Caracas - President Nicolas Maduro issued the government's 2017 budget by decree Friday, bypassing the opposition-held legislature in a move that could deepen Venezuela's economic crisis."Here is the 2017 budget and debt law. May it be fulfilled.

EU misspent 5.5 bn euros, needs to regain trust: watchdog

Brussels - The EU misspent 5.5 billion euros ($6 billion) in 2015, the bloc's financial watchdog said Thursday, warning that Brussels needed to regain the trust of European citizens shaken by Brexit and other crises.

Maduro bypasses Venezuelan legislature on budget

Caracas - Venezuelan President Nicolas Maduro can pass his 2017 budget without the approval of the opposition-majority legislature, the Supreme Court ruled Wednesday, triggering an outcry from the leftist leader's opponents.

US Congress passes spending bill, avoiding shutdown

Washington - The US Congress passed a spending bill late Wednesday and staved off a government shutdown, after reaching agreement on funding for a tainted water crisis in Flint, Michigan that had bedeviled earlier proposals.The fiscal year ends on September 30.

Poland gets 'super minister' for finance

Varsovia - Poland's prime minister on Wednesday tapped her powerful Development Minister Mateusz Morawiecki for the finance portfolio, creating what local media dubbed a "super minister" in a much-vaunted reshuffle of her controversial rightwing government.

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.
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Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
wikipedia
Couple on couch  working through their budget.
Couple on couch, working through their budget.
Big Stock Photo
The dinner shown cost less than $5.45.
The dinner shown cost less than $5.45.
Cascade Complex  Idaho  2007.
Photo taken: Sep 11  2007
Cascade Complex, Idaho, 2007. Photo taken: Sep 11, 2007
USFS
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
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.
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
New Jersey s baboon is finally captured.
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
Untitled
Altogether Fool
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

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