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22 Dec 21
China has underspent compared to its budget this year despite the economic recovery from Covid-19 slowing down.
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13 Dec 21
High oil prices will next year allow Saudi Arabia to post its first budget surplus since 2013, according to the government.
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30 Nov 21
The Australian government brought forward next year’s budget by two months in a move suggesting it will call an election in May, right at the end of its term limit.
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26 Nov 21
Quebec has nearly halved its deficit forecast this year, as the province has recorded an “extraordinary recovery” from Covid-19, according to its finance ministry.
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26 Nov 21
Spanish lawmakers have passed the country’s highest-spending budget after the prime minister won the support he needed from minor parties.
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4 Nov 21
Portugal faces a snap election after the country’s parliament failed to approve the government’s 2022 budget proposals.
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3 Nov 21
The Bank of Israel has urged the country’s parliament to pass the state budget before a looming deadline after which the government would collapse and need new elections.
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21 Sep 21
The Swedish government has presented its 2022 budget that it says will “take Sweden forward” after the Covid-19 crisis.
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10 Sep 21
A focus on building relationships with communities is vital to avoid controversy over resources allocation, argues Katie Ludwig of the Government Finance Officers Association.
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9 Sep 21
Chinese government revenue and spending could match for the first time in more than three decades, even with Beijing looking to spur the economic recovery from Covid-19, a researcher has found.
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1 Sep 21
South Korea is looking to create a “virtuous cycle” of public spending and economic growth, unveiling its 2022 budget which is set to take government debt over 50% of GDP for the first time.
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23 Aug 21
Finland’s finance ministry will assess the impact of its 2022 budget on children to help promote the interests of the next generation in the rapidly ageing country.
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4 Aug 21
Brazil’s federal government is preparing to pay 90bn reais (£12.5bn) in court orders next year, nearly twice its recent level, leading the economy minister to propose a solution likened to “a default...
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3 Aug 21
Israeli ministers have agreed on the first state budget since March 2018 after two years of political stalemate.
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20 Jul 21
Almost three quarters of local and regional governments around the globe could see budget gaps open in the short-term due to Covid-19 pressures, according to ratings agency Standard and Poor’s.
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20 Jul 21
Worldwide protests over policing methods mean the focus on how to best spend money on preventing and tackling crime has never been more acute.
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6 Jul 21
The South Korean government will offer more emergency relief grants of 250,000 won ($220) to residents, as part of a 33trn won ($29bn) supplementary budget.
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24 Jun 21
Germany’s cabinet has approved €100bn of borrowing to pay for the government’s Covid-19 response in the country’s draft budget.
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10 Jun 21
Local governments in the Philippines will receive a share of all national taxes from 2022, when they will take on more responsibilities, the country’s president has confirmed.
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1 Jun 21
US president Joe Biden’s first annual budget, including $6trn of spending, has drawn support from fellow Democrats – but other voices have sounded warnings about the national debt.
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14 May 21
A robust rebound from the Covid-19 economic crisis has allowed Australia to present its 2021-22 budget in a far better position than it expected to.
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11 May 21
Egypt’s draft budget for 2021-22 will continue to drive financial and economic reforms, which are “critical” to reducing its high debt burden over the medium term, according to rating’s agency Fitch...
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20 Apr 21
Canada’s first pandemic budget includes huge childcare spending and Covid-19 relief, as well as a plan to slash the deficit over the next few years.
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8 Apr 21
Japan could supplement its record budget, passed last month, if pandemic costs rise, a senior official has said.
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25 Mar 21
Germany will ignore its debt ceiling for the second year running after approving its 2021 federal budget.