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Budget News

Italy spokesman threatens treasury staff over cash for election promises

Rome - A recording has emerged of the Italian government's chief spokesman threatening to "eliminate a tide" of treasury officials unless they find the money for projects, including a basic income grant, promised in March elections.

Italy must present 'credible' budget: EU Commissioner

Paris - Italy must present a "credible budget" for the coming year, EU Commissioner Pierre Moscovici said Thursday, calling the anti-establishment government in Rome a "problem".

Problems pile up for new Spanish PM

Madrid - A million people demand independence in Barcelona and another minister steps down... Problems are piling up for Spain's Socialist Prime Minister Pedro Sanchez.

Lack of funding leaves world's roads in disrepair

Paris - In an age of austerity and budget cutbacks, the deadly bridge collapse in Genoa, Italy, has put the spotlight clearly on the lack of public funding for road networks across the globe, from France and Germany, to the United States and beyond.

HSBC: Earth is running out of the resources to sustain life

We all know everything we use has a limited lifetime. And this includes the Earth's resources, like air, water and the multitude of other things we take for granted. But how fast we are using these resources has become a serious problem.

Spain's new PM suffers first setback

Madrid - Less than two months after he came to power, Spain's new Prime Minister Pedro Sanchez was dealt his first major blow Friday in parliament, highlighting the weakness of his minority government.His Socialist executive's new deficit target of 2.

Germany announces 'significant' hike in defence budget

Berlin - German Finance Minister Olaf Scholz Friday pledged to raise defence spending sharply next year but the amount falls well short of US President Donald Trump's demands for NATO allies to pay their way.

UN agrees peacekeeping budget of $6.7 billion: sources

New York - UN member countries on Sunday agreed to a peacekeeping budget of just under $6.7 billion, according to diplomatic sources.Two sources confirmed to AFP an agreement had been reached for $6.

'Differences' persist on eurozone budget ahead of key EU summit

Apo - Eurogroup head Mario Centeno warned Monday of differing opinions towards a plan by France and Germany to establish a eurozone budget, ahead of a key EU summit to discuss the matter.

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.
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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.
Snow on March 17  2017. Canada is still in  winter  mode.
Snow on March 17, 2017. Canada is still in "winter" mode.
Environment Canada
Cascade Complex  Idaho  2007.
Photo taken: Sep 11  2007
Cascade Complex, Idaho, 2007. Photo taken: Sep 11, 2007
USFS
The dinner shown cost less than $5.45.
The dinner shown cost less than $5.45.
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
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
Couple on couch  working through their budget.
Couple on couch, working through their budget.
Big Stock Photo
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
A Coronal mass ejection.
A Coronal mass ejection.
NASA
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
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
wikipedia
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