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Budget News

'Global Britain' defends slashing aid budget

London - Britain on Thursday defended swingeing cuts planned to its overseas aid budget after an outpouring of protests that it marks a life-threatening retreat on the government's ambitions to play a global role after Brexit.

Covid-hit UK takes axe to aid spending despite protests

London - Britain's government on Wednesday unveiled plans to slash the foreign aid budget to help mend its coronavirus-battered finances, prompting one minister to quit and defying impassioned calls to protect the world's poorest people.

Guatemala suspends budget that sparked violent protests

Guatemala City - Guatemala's legislature on Monday backed away from approving a business-friendly 2021 budget after demonstrators in the Central American nation torched the Congress building and demanded the resignation of President Alejandro Giammattei in weekend prot...

Guatemala suspends budget that sparked violent protests

Guatemala City - Guatemala's Congress suspended on Monday a controversial government budget that sparked protests in the impoverished Central American nation, including the torching of the legislature's building.

Guatemalans protest for second day to demand president resign

Guatemala City - Hundreds of Guatemalans took to the streets for a second day Sunday to demand the resignation of President Alejandro Giammattei, following the passage of a budget that has sparked outrage in the impoverished Central American nation.

Protesters burn Guatemalan Congress to demand president resign

Guatemala City - Hundreds of Guatemalans partly burned the Congress building Saturday in a protest demanding the resignation of President Alejandro Giammattei, following the passage of a budget that has sparked outrage in the impoverished Central American nation.

Orban vs Orban: Romania defends EU after Hungary-Poland veto

Bucharest - Romanian Prime Minister Ludovic Orban distanced himself from his nationalist Hungarian namesake and counterpart Viktor Orban on Thursday after Hungary and Poland vetoed the EU budget and coronavirus rescue plan.

EU states, MEPs agree bloc's long-term budget

Apo - The EU parliament and member states struck a deal Tuesday to pass the bloc's trillion-euro 2021-2027 budget, MEPs and diplomats said, unblocking another 750 billion euros in coronavirus recovery funds.

Austria boosts climate spending despite virus hit

Vienna - Austria will devote 17 billion euros ($20bn) to greening its rail network despite a historic budget deficit caused by the coronavirus pandemic, the government announced Wednesday in its 2021 budget.

Tokyo Olympics organisers say will cut costs by $280m

Apo - The cost of the coronavirus-postponed Tokyo Olympics will be slashed by $280 million, organisers said Wednesday, touting a scaled-back, less flashy Games, with cuts to everything from staffing to pyrotechnics.

Japan's military seeks record $52 bn budget

Apo - Japan's defence ministry on Wednesday unveiled a record $52-billion budget request in a push to maintain military readiness under pressure from China and North Korea.

Tens of thousands of protesters join Thailand pro-democracy rally

Bangkok - Tens of thousands of pro-democracy protesters massed close to Thailand's Grand Palace on Saturday, in a huge rally calling for PM Prayut Chan-O-Cha to step down and demanding reforms to the monarchy.

Thai protesters gear up to weekend show of force

Bangkok - A youth-led pro-democracy movement is set to make a massive stand in Bangkok Saturday, with an expected turnout of tens of thousands calling for PM Prayut Chan-O-Cha to step down and demanding reforms to the monarchy.

France puts jobs at heart of economy rescue plan

Paris - The French government said Thursday employment was paramount as it unleashed a mammoth spending plan for the virus-hit economy that has been hemorrhaging jobs.

Australia warns economy to shrink record 7% in Q2

Sydney - Australia warned on Thursday that its economy will shrink at its fastest pace in history during the second quarter, while the budget deficit will be the biggest since the Second World War as the country battles to contain the impact of the coronavirus....

EU leaders agree to link funds to rule of law

Apo - European leaders for the first time on Tuesday agreed to link payment of EU funds to a member state with respect for the bloc's legal norms -- although Poland and Hungary insisted they had blocked tougher planned measures.

EU leaders compromise on linking funds to rule of law

Apo - European leaders have reached a summit compromise on the question of whether EU funds can be withheld from a member state that breaches legal norms, officials and diplomats said Tuesday.

Birthday torte and mask gifts at EU's 'elbow bump' summit

Apo - In a major test for global diplomacy during a pandemic, EU leaders met physically in Brussels on Friday and the elbow bump was the greeting of choice.

Britain to reveal post-coronavirus recovery plan

London - Britain will Wednesday unveil a mini-budget to kickstart the UK economy, hoping costly infrastructure investment will help build its way out of the crisis caused by the coronavirus outbreak.

France's interior boss: rising star of right shadowed by rape claim

Paris - France's new Interior Minister Gerald Darmanin, aged just 37, is a rising star of the right-wing of French politics whose ascension has not been slowed by a claim he raped a woman over a decade ago.

UN retains $6.5 bln peacekeeping budget

New York - The UN budget for peacekeeping operations will remain at $6.5 billion under an agreement reached overnight among the UN's 193 member states, diplomats said Tuesday.

Japan MPs pass record coronavirus budget

Apo - Japan's powerful lower house of parliament approved an emergency budget worth nearly $300 billion Wednesday, doubling the scale of measures to pep up the world's third-biggest economy after the coronavirus tipped it into recession.

EU unveils unprecedented 750 bn euro recovery plan

Apo - European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe, but will have to win over sceptical member states to push it through.

Israel's 'most vulnerable' hit by political stalemate

Jerusalem - Israel's grinding political deadlock has squeezed funding for programmes helping troubled youths, disadvantaged communities and the disabled, forcing state-backed social organisations to rely on crowd-funding to get by.

EU budget summit ends with no deal

Apo - An EU summit called to set the bloc's next seven-year budget ended in impasse late Friday, riven by competing groups among the 27 member states and pressure to fill a funding gap left by Brexit.

Stormy EU budget summit enters day two

Apo - EU leaders clashed through the night early Friday as a stormy summit to decide the bloc's seven-year, trillion euro budget entered a second day.

Merkel predicts 'very tough' EU budget summit

Berlin - German Chancellor Angela Merkel said Wednesday that talks to set the European Union's budget for the coming seven years will be "very difficult" at an extraordinary summit beginning Thursday.

French MPs begin debating controversial pensions bill

Paris - The battle over the French government's pension reforms moved from the street to parliament on Monday, with the opposition vowing to torpedo an overhaul that sparked weeks of strikes and protests.

Get post-Brexit budget done quickly, say 15 EU states

Beja - EU countries need to reach a swift agreement on the bloc's next budget after the loss of Britain and its hefty financial contribution, 15 member states agreed in Portugal Saturday.

Brexit punches 12-bln-euro hole in EU finances

Apo - When Britain leaves the European Union at midnight on Friday the bloc loses the second-biggest net contributor to its budget, leaving a 12-billion-euro ($13-billion) hole in its finances.
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Artist s concept of human landing system.
Artist's concept of human landing system.
NASA
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
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
A Coronal mass ejection.
A Coronal mass ejection.
NASA
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.
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
wikipedia
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.
New Jersey s baboon is finally captured.
New Jersey's baboon is finally captured.
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
Cascade Complex  Idaho  2007.
Photo taken: Sep 11  2007
Cascade Complex, Idaho, 2007. Photo taken: Sep 11, 2007
USFS
epic_1b_20170316023357_02Distance to Earth: 1 513 315 km 940 223 miles Distance between DSCOVR and E...
epic_1b_20170316023357_02Distance to Earth: 1,513,315 km 940,223 miles Distance between DSCOVR and Earth.
NASA/DISCOVR
Couple on couch  working through their budget.
Couple on couch, working through their budget.
Big Stock Photo
National Renewable Energy Laboratory (Golden  Colorado)
National Renewable Energy Laboratory (Golden, Colorado)
Courtesy of DOE/NREL - Timmerman, Bill
Finance Minister Travis Toews and Premier Jason Kenney at presentation of 2019 budget.
Finance Minister Travis Toews and Premier Jason Kenney at presentation of 2019 budget.
Alberta Premier Jason Kenney
The Office of Energy Efficiency and Renewable Energy has played a critical role in supporting clean ...
The Office of Energy Efficiency and Renewable Energy has played a critical role in supporting clean energy, through funding research that has sparked dramatic advances in wind, solar and geothermal energy, as well as electric cars and LED lighting.
U.S. Department of Energy

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