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Budget News

Curtain falls on Germany's 'golden decade' of growth

Frankfurt Am Main - German economic growth plummeted in 2019, official data showed Wednesday, providing fresh ammunition for debate about how to use fiscal surpluses to boost gross domestic product.Europe's powerhouse expanded just 0.6 percent last year, compared with 1.

UN ups 2020 budget, includes funds for war crimes probes

New York - The United Nations General Assembly on Friday adopted a $3.07 billion operating budget which for the first time includes funding for the investigation of war crimes in Syria and Myanmar.The budget represents a slight increase from 2019's figure of $2.

Cost of UK royals back in spotlight after Queen's year to forget

London - After a torrid 2019 in which the queen's son Prince Andrew was implicated in an underage sex abuse scandal, many in Britain are again asking if the monarchy has gotten too big -- and rich -- for its own good.

Tokyo 2020 Olympics unveil final budget of $12.6 billion

Apo - The Tokyo 2020 Olympics are expected to cost some 1.35 trillion yen ($12.6 billion), organisers said Friday, unveiling a final budget showing increased revenue balancing out extra costs including countermeasures against heat.

France braces for holiday misery as pension strike persists

Paris - French commuters endured a ninth day of public transport strikes Friday, with little relief expected in coming days as unions vow to keep up their protest against a pension overhaul through the holidays unless the government backs down.

French govt says ready to talk as pension strike bites

Paris - French officials said Thursday that they were open to negotiating a pension overhaul that has sparked crippling transport strikes, as unions warned of walkouts through the holidays unless the government drops the plan.

EU leader urges MEPs to back green growth plan

Apo - The EU's top official Wednesday launched the bloc's new "Green Deal", hailing it as a strategy for jobs and economic growth, not just for cutting emissions.

Iran unveils budget of 'resistance' against US sanctions

Tehran - Iran's President Hassan Rouhani on Sunday presented to parliament what he called a "budget of resistance" against crippling sanctions imposed by arch-enemy the United States.

Natural gas drives record CO2 emissions in 2019

Paris - Global carbon emissions boosted by soaring natural gas use are set to hit record levels in 2019 despite a decline in coal consumption and a string of countries declaring a climate emergency, researchers said Wednesday.

Natural gas drives record CO2 emissions in 2019

Paris - Global carbon emissions boosted by soaring natural gas use are set to hit record levels in 2019 despite a decline in coal consumption and a string of countries declaring a climate emergency, researchers said Wednesday.

Germany resists fresh calls to boost govt spending

Paris - Germany resisted fresh pressure Wednesday to boost European growth through increased public spending after incoming European Central Bank chief Christine Lagarde urged countries with budget surpluses to open their purse strings.

New ECB chief Lagarde criticises Germany for low spending

Paris - Incoming European Central Bank chief Christine Lagarde on Wednesday took aim at Germany and other thrifty eurozone members running budgetary surpluses, saying they should increase their spending to shore up slowing growth.

Lebanese govt faces calls to resign as austerity protests spread

Beirut - The Lebanese government faced calls to resign Thursday after thousands of furious demonstrators took to the streets across the country to protest dire economic conditions.

Protests in Lebanon after move to tax calls on messaging apps

Beirut - Hundreds of people took to the streets across Lebanon on Thursday to protest dire economic conditions after a government decision to tax calls made on messaging applications sparked widespread outrage.

Stalled esclators, empty water coolers at UN as budget crunch hits

New York - Stalled escalators, the heating turned down, even the diplomats' bar closing early at 5pm: already the UN budget crunch, one of the worst in a decade, is making itself felt in a series of measures announced by the world body on Friday.

France's 2020 budget cuts taxes in bid to placate 'yellow vests'

Paris - France's government unveiled a draft 2020 budget on Thursday with more than nine billion euros in tax cuts for households as it hopes to move on from on from roiling "yellow vest" protests while still cutting the deficit to within EU limits.

Italy PM seeks EU reform as govt wins confidence vote

Rome - Italian Prime Minister Giuseppe Conte called Monday for the reform of European Union budget rules and cooperation on immigration as his new government won a parliamentary confidence vote.

Italy PM Conte calls to reform EU deficit rules

Rome - Italian Prime Minister Giuseppe Conte called Monday for reform of European Union rules limiting deficits to three percent of gross domestic product, ahead of a parliamentary confidence vote in his new government.

Japan 'to set up police unit' for disputed islands

Apo - Japan will launch a special police unit equipped with submachine guns and helicopters to patrol disputed isles in the East China Sea -- a source of tension between Tokyo and Beijing, according to police and media.

Worsening fuel shortage in impoverished Haiti

Port-au-prince - Haiti's long-suffering population has faced an extra burden for more than a week: closed service stations and lines of motorists hoping to buy even a few drops of petrol during a fuel shortage that's getting worse.

Italy to decide on government future after Salvini pullout

Rome - Italian senators are on Monday to take an initial decision on the future of Prime Minister Giuseppe Conte's government after far-right leader Matteo Salvini plunged the country into turmoil by pulling out of the teetering coalition.

Salvini rallies supporters, demands election date

Apo - Italy's hardline Interior Minister Matteo Salvini embarked on a southern tour to rally support on Saturday, demanding an election date be set after he pulled out of the coalition government, plunging the country into a political crisis.

Democrats, White House near deal to raise debt ceiling

Washington - US Democrats have nearly reached a deal with the Trump administration to raise the debt ceiling, allowing the government to borrow more money and avoid a disastrous default, sources close to the negotiations said Monday.

France passes law taxing digital giants in defiance of US anger

Paris - France's parliament on Thursday passed a law making it the first major economy to impose a tax on digital giants, defying a probe ordered by an angry US President Donald Trump that could trigger reprisal tariffs.

UN chief weighed selling NY residence to ease budget crisis

New York - UN chief Antonio Guterres told world diplomats on Tuesday that he considered selling his Manhattan townhouse to help the global body overcome a crippling budget crisis.Guterres put forward proposals to address a $1.

US Congress sends huge disaster relief bill to Trump

Washington - The US Congress overcame months of delays to finally pass a $19.1 billion relief package Monday to help victims of flooding, wildfires and hurricanes that have devastated communities from Puerto Rico to California.

Ardern's 'wellbeing' budget spreads good vibes in New Zealand

Wellington - New Zealand unveiled its inaugural "wellbeing" budget Thursday in a move set to cement Prime Minister Jacinda Ardern's reputation for compassionate leadership in the wake of the Christchurch mosque massacre.

Italy braced for 3 billion-euro Brussels fine: Salvini

Rome - Italy's Deputy Prime Minister Matteo Salvini said Tuesday he expected Brussels to slap Rome with a three billion-euro ($3.36 billion) fine over the country's rising debt and structural deficit levels.

Pentagon assigns another $1.5 bn for border wall

Washington - The Pentagon said Friday it was diverting another $1.5 billion for new barriers to stop illegal immigrants on the US-Mexico border, following the authorization of $1 billion in March.

Italy raises 2019 budget deficit forecast, risking EU ire

Milan - Italy's populist government on Tuesday defiantly raised its 2019 budget deficit forecast to 2.4 percent of GDP, incurring the risk of a new row with the EU over fiscal discipline.
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The Office of Energy Efficiency and Renewable Energy has played a critical role in supporting clean ...
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U.S. Department of Energy
The Indiana House of Representatives.
The Indiana House of Representatives.
Associated Press
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Home baked bread can be a healthy, tasty, inexpensive alternative to store-bought loaves.
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Couple on couch, working through their budget.
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Finance Minister Travis Toews and Premier Jason Kenney at presentation of 2019 budget.
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National Renewable Energy Laboratory (Golden, Colorado)
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Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
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