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EU proposes new budget rules after row with Britain

​The European Commission has on Wednesday proposed an amendment to European Union (EU) budget rules, which would allow the concerned member states to defer their increased contributions payment until Sept. 1 next year.

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Political battle over Israel 2015 budget

Israeli citizens may be heading out to vote in June 2015, if politicians can't come up with an agreed formula for the 2015 budget.

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China revises law to better manage government money

China's top legislature on Sunday adopted a revision to the Budget Law which clears ambiguity and closes loopholes in managing the trillions of yuan involved in fiscal revenue and spending.

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End Thai political crisis to save economy, investment

It is necessary for Thailand to handle its political crisis to save the economy from downside risks and to regain foreign investors' confidence, said Charl Kengchon, Managing Director of Thai Kasikorn Research Center.

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India aims to achieve 7-8 pct growth, inclusive growth with new budget

India's new government under Prime Minister Narendra Modi Thursday presented its first national budget which is aimed at achieving 7 to 8 percent growth rate in next  three to four years while maintaining inclusiveness of development.

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Australian PM cancels university visit as budget cuts kindled student protest

Australian Prime Minister Tony Abbott has canceled his trip to Deakin University in Melbourne on Wednesday in consideration of security reasons, while angry students gathered to protest against budget cuts to education.

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Australian gov't to face "raft" of spending cutting: report

The Australian coalition government 's National Commission of Audit on Thursday released a report with recommendations to the federal budget, containing 86 recommendations aimed at saving the budget up to 70 billion AU dollars (64.94 billion U.S. dollars) annually.

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China's top legislature to amend laws on environmental protection

A bimonthly session of China's top legislature opened on Monday as lawmakers looked to amend laws on environmental protection and the government's budget.

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Golden period for low-budget Chinese movies

The instant success of "Black Coal, Thin Ice", a Chinese production which won a Golden Bear for best film at the 2014 Berlin International Film Festival, is further evidence of the increasing popularity of low-budget movies in China.

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HK budget plan well-thought-out, responsible: Chief Executive

Hong Kong Chief Executive C Y Leung on Wednesday called the new budged plan unveiled by financial secretary John Tsang earlier in the day well-thought-out and responsible, with targeted initiatives to respond to the aspirations of the public.

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Australia's mid-year economic outlook forecasts budget deficit

Australian Treasurer Joe Hockey has announced its Mid-Year Economic and Fiscal Outlook (MYEFO) in Canberra on Tuesday, forecasting a 47 billion AU dollars (almost 42.06 billion U.S. dollars) deficit in 2013-14, and 123 billion AU dollars worth of cumulative deficits over the forward estimates.

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U.S. House approves bipartisan budget deal

U.S. House of Representatives on Thursday approved a two-year budget plan crafted by bipartisan negotiators, a further step toward removing the threat of a government shutdown early next year.

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Obama welcomes bipartisan budget deal

Chief budget negotiators in the U.S. Congress struck a budget agreement on Tuesday, avoiding a looming government shutdown on Jan. 15.

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Thousands of Portuguese protest against government austerity measures

Thousands of Portuguese on Saturday took to streets in Lisbon, the national capital of Portugal, and several other cities, to protest against the government's austerity measures in the country's 2014 draft budget.

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Australia reports 18.8 bln AUD in deficit for 2012-13 fiscal

The final budget outcome for the 2012-13 financial year was a deficit of 18.8 billion AU dollars ( 17.5 billion U.S. dollars), Australian federal government data released on Friday shows.

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Defense budget in S.Korea to rise 4.2 pct in 2014

South Korea planned to raise its defense budget next year to strengthen missile and combat capabilities against possible provocations from the Democratic People's Republic of Korea (DPRK), a government report showed Thursday.

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Japan unlikely to reshuffle cabinet until next summer

Japanese Chief Cabinet Secretary Yoshihide Suga said Thursday that Prime Minister Shinzo Abe is unlikely to reshuffle the current cabinet until next summer.