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Budgets News

Italian MPs approve revised budget after EU standoff

Rome - Italian lawmakers passed Saturday the populist government's revised 2019 budget before a year-end deadline, despite complaints from the opposition that it was dictated by Brussels and had been rammed through without debate.

Italy Senate passes revised budget after EU standoff

Rome - The Italian Senate on Sunday passed a revised 2019 budget agreed after a tense standoff with Brussels which saw the populist government water down key measures.

Moscovici says working to avoid sanctions on Italy

Paris - European Economic Affairs Commissioner Pierre Moscovici said Tuesday he was working to avoid Italy being sanctioned over its 2019 budget, reiterating that Rome and Paris were not being held to two different standards.

Jordan arrests 17 protesters against fiscal reform

Apo - Seventeen Jordanians were arrested over protests against a controversial fiscal reform, a judicial source in Amman said on Friday.

Berlin treads softly-softly on Macron over deficit

Berlin - Germany is taking a softly-softly approach to French President Emmanuel Macron's use of government largesse to calm violent "yellow vest" protests, government sources say, as Berlin puts European stability above fiscal discipline.

Eurozone ministers face defiant Italy on budget

Apo - Exasperated eurozone finance ministers are expected to back Brussels in the row over Italy's budget on Monday, setting the stage for market turmoil not seen since the debt crisis.

US intel budget soars under Trump

Washington - US spending on intelligence has soared under President Donald Trump, figures released on Tuesday showed, as the government stepped up cyber warfare activities and boosted spying on North Korea, China and Russia.

EU to unveil digital tax targeting Facebook, Google

Apo - The EU will unveil proposals for a digital tax on US tech giants on Wednesday, bringing yet more turmoil to Facebook after revelations over misused data of 50 million users shocked the world.

Economists call for overhaul of eurozone fiscal rules

Paris - Leading economists from France and Germany on Wednesday called for new fiscal rules for the eurozone and the creation of an independent watchdog to help to make the single currency more resilient against crises in the future.

Europe turns on Facebook, Google for digital tax revamp

Brussels - They have revolutionised the way we live, but are US tech giants the new robber barons of the 21st century, banking billions in profit while short-changing the public by paying only a pittance in tax?

Violence erupts in Haiti over national budget

Port-au-prince - Protesters brought parts of the Haitian capital Port-au-Prince to a standstill Tuesday, setting vehicles alight and damaging local businesses in violent demonstrations against the government's budget plans.

France will meet EU target of 3.0 percent deficit in 2017: PM

Paris - France will meet the EU deficit limit of 3.0 percent of GDP in 2017, the prime minister insisted Thursday, after the public accounts watchdog said it would miss the mark unless it took urgent action."We commit to rein in the deficit to 3.

EU vows crackdown on aggressive tax planners

Brussels - European tax planners who help rich clients, including sports stars, evade the tax man will risk hefty fines, according to EU plans unveiled on Wednesday.

Trump budget 'cripples' environment, science, critics say

Washington - US President Donald Trump's proposed 2018 budget would slash funding for science, health and environmental programs at home and abroad, sparking outcry among experts who say the cuts would endanger the planet.

China defence spending to rise 'around 7%': official

Bejing - China will raise defence spending "around seven percent" this year as it guards against "outside meddling" in its disputed regional territorial claims, a top official said Saturday, in an apparent reference to Washington.

EU to overhaul jobless benefits for foreigners

Strasbourg - The European Commission on Tuesday proposed to overhaul rules on benefits for EU migrants in a bid to quell rising anti-immigration sentiment in Europe after the shock Brexit vote.

Body Cameras shelved by some police departments — costs cited

Some police departments that outfitted their officers with body cameras are now reversing course and doing away with them, citing state regulations that require a lengthy video storage period as being too costly.

Protesters trash downtown Geneva, police say

Ginebra - An unauthorised demonstration over Geneva budget cuts for alternative culture spun out of control late Saturday, with protesters vandalising much of the centre of the Swiss city, police said.

France warns won't meet EU deficit targets as steps up security spending

Paris - France warned Tuesday it won't meet its EU deficit obligations as it steps up spending on security in the wake of the Paris terror attacks.

Spain fends off finance critics ahead of elections

Madrid - Spain's government was forced to defend itself Tuesday against claims it polished its outlook for its recovering public finances ahead of a general election.

Op-Ed: More facilities install energy monitors amid tight budgets

More public facilities are looking for ways to cut energy costs amid a constrained budgetary environment, and many are installing energy monitors and smart meters to optimize their electricity consumption.

Elderly patients in the U.K. 'need their own healthcare budgets'

London - The head of health in England has said that frail elderly, people with disabilities and those with serious mental health problems should be given money from the government and council-run social care services.

Germany's public finances in black in 2013: stats office

Frankfurt - Germany, Europe's biggest economy, clocked up a small surplus in its public finances in 2013, the federal statistics office Destatis said on Tuesday."According to Destatis's latest calculations, the federal state's financing surplus amounted to 0.3 bil...

Op-Ed: Just what does a Personal Financial Trainer do and who needs one? Special

Toronto - Just what is a Personal Financial Trainer, who would use or need the services of a Personal Financial Trainer and why is it needed and different from the many financial services available to the masses in 2012?

Calgary, Saskatoon city councils proposing property tax hikes

Calgary - Both Calgary and Saskatoon residents could be seeing their property taxes increase. The city council in Calgary is debating whether or not to lower next year's property tax hike, while Saskatoon is putting forth a five percent raise.

Recession Pinch Hits Summer Camps

There may be more family time this summer as summer camps begin to feel the pinch of the recession. Bonuses that used to pay the high camp fees are disappearing and as they do so are the funds for weeks away for the kids.

L.A. Sheriff Blasted for Jumping the Gun to Close Two Jails

Calling it the Baca debacle, Los Angeles County officials took L.A. County Sheriff Lee Baca to task for suggesting that he may close down the Men’s Central Jail in downtown L.A. and perhaps another jail due to budget shortfalls.

Scientific Research Has Suffered During The Bush Years

The medical research world will not be missing President George Bush when he exits the office at the beginning of next year. Once a world leader for the funding of medical research and regulation that field has seen a decline during the Iraq War effort.

Could You Do This for a Year?

A group of women who just can't resist buying stuff decided to try this for a year...
 

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