Asia Pacific round-up: Japan parliament passes record $801bn budget for 2015, and more

10 Apr 15

A round-up of recent public finance stories from Asia Pacific you might have missed.

Japan parliament passes record $801bn budget for fiscal 2015

Japan’s parliament passed a record $801bn budget for the fiscal year that reduces new borrowing for a third year in a bid to balance the need for economic growth with fiscal discipline. (Business Times)

Australian aid agencies begin to axe programmes on back of government cuts to foreign aid

Australian aid agencies have begun the first wave of cuts to overseas projects, as they start to feel the effects of the government's budget decreases to foreign aid. (

New Zealand’s top economic risk is Australia, says PM

While the drivers for New Zealand's economy remain largely intact, a sharper-than-anticipated slowdown in neighboring Australia poses a threat to growth, Prime Minister John Key warned. (CNBC)

We missed the AIIB Party … now what?

OPINION: Last week marked the tipping point for the China-led Asian Infrastructure Investment Bank (AIIB) with Britain and Australia and now a crush of applicants covering much of the globe. No April Fools — we missed the deadline. (National Post)

India’s unclear tax policy has come back to haunt Modi

FEATURE: Investors in India have always been wary of the country’s unclear tax policies. But all that was set to change when Narendra Modi assumed power in May last year. (Quartz)

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