text

Philippine president's Senate foes, allies vow to block budget cut

PhilippinePresidentRodrigoDuterte’scriticsandalliesintheSenatevowedonWednesdaytoblockalowerhousemovetoslashtheannualbudgetofapublic-fundedhumanrightsagencyoppos

text

Brazil allows new passports to be issued after freeze

Brazilian President Michel Temer signed on Wednesday a loan of 102 million reais (32 million US dollars) for the federal police to resume issuing new passports after the procedure was suspended in late June due to lack of funds.

text

EU rules out more time for France to meet deficit target

Offering extra time to France to respect its financial commitment to the European Union (EU) is not on the agenda, said Pierre Moscovici, European Commissioner for economic and financial affairs on Monday.

text

Brexit could blow €20bn hole in EU budget, warns European commissioner

Britain’swithdrawalfromtheEUcouldleavetheremaining27countrieswitha€20bnayearholeintheirbudget,requiringadditionalEUtaxestofillthegap,theEuropeancommissionhassai

text

S. Korean President Moon urges parliament to approve additional budget

SouthKoreanPresidentMoonJae-inonMondaycalledforlawmakerstoimmediatelypassasupplementarybudgettocreatemorejobs,sayingthecountry'sunemploymentsituationis"severe,"

text

South Korea: Moon revs up push to get extra budget for job creation

South Korea president Moon Jae-in on Thursday ratcheted up his push to secure a 11 trillion won (US$9.8 billion) extra budget for job creation, saying he would visit parliament to gain its backing at an "appropriate time" if need be.

text

South Korea: Moon revs up push to get extra budget for job creation

South Korea president Moon Jae-in on Thursday ratcheted up his push to secure a 11 trillion won (US$9.8 billion) extra budget for job creation, saying he would visit parliament to gain its backing at an "appropriate time" if need be.

text

Trump's first budget "wildly unrealistic": Ex-White House advisor

U.S.PresidentDonaldTrump'sfirstbudgetwas"wildlyunrealistic"initseconomicassumptionanditspolicyproposals,aformerWhiteHouseeconomicadvisorhassaid.Initsfirstfullbu

text

Trump adm. seeks 3.6-trillion-dollar spending cut to balance budget

TheTrumpadministrationwouldcut3.6trillionU.S.dollarsingovernmentspendingoverthenext10yearstobalancethefederalbudget,accordingtosummarydocumentsprovidedbytheWhit

text

Trump eyes jump in defense spending

President Donald Trump announced Monday he would ask Congress for a nearly 10 percent increase in defense spending and a large reduction in foreign aid, as he offered a taste of his upcoming budget.

text

Brexit to spark UK slowdown, blow hole in public purse

Brexit will spark an economic slowdown and ravage public finances, forcing a multi-billion-pound spike in state borrowing over the next five years, a gloomy mini-budget revealed Wednesday.

text

Infrastructure to be key focus of Britain's post-Brexit budget

Britain's first post-Brexit budget will focus on infrastructure and could spell an end to the previous government's rigid fiscal targets, according to a treasury statement released yesterday.

text

S. Korea passes 10-bln-USD extra budget plan through parliament

The South Korea parliament approved a supplementary budget plan worth 11 trillion won (10 billion U.S. dollars) on Friday after wrangling over the parliament speaker's remarks on the Terminal High Altitude Area Defense (THAAD).

text

Japan's Defence Ministry requests record defence budget to develop anti-ship missiles

Japan's Defence Ministry requested a record budget on Wednesday (Aug 31), with funds for an anti-ship missile system to defend islands at the centre of a territorial dispute with China.

text

Philippine President Rodrigo Duterte jacks up 2017 Budget to $97 billion to boost crime fighting

Philippine President Rodrigo Duterte has announced a sharp increase in next year's national budget to fund his controversial war on crime, with security forces to get big pay rises.

text

Legco budget debate collapses for third time in three weeks

The Legislative Council budget debate ground to a halt for the third time in as many weeks as too few lawmakers were present in the chamber on Friday, threatening not just to delay approval for public spending but also to add to the backlog of bills to be passed.

text

Abe’s focus on quake response quells plans for double election

​Prime Minister Shinzo Abe is so focused on dealing with the earthquake disaster in Kyushu that he has dropped the politically strategic idea of holding a double election this summer, sources said.