Spain’s fragmented parliament gave final approval Tuesday to the biggest budget in the country’s history, with billions of euros from EU’s huge Covid-19 recovery fund. Passage of the 2022 spending plan boosts the chances that Socialist Prime Minister Pedro Sanchez’s minority government will survive until the end of its mandate in late 2023. Lawmakers voted …
Japan’s government on Friday unveiled its biggest ever full-year budget, including record defence spending to counter intensifying regional security threats. Cabinet ministers approved a draft national budget of a whopping 107.6 trillion yen ($940 billion) for the 2022-23 fiscal year, including 5.4 trillion yen for defence. Both figures have been increasing steadily for a decade …
Japan Unveils Record Annual Budget And Defence Spend Read More »
Clarification on the tax treatment for the Hybrid Annuity Model of construction contracts has also been sought. (Representative image) In its pre-budget representation to the finance ministry, industry body CII has suggested halving long-term capital gains tax to 10% to attract domestic investments into start-ups to bring parity with non-resident investors. Currently, domestic venture capital …
Budget FY23: CII suggests halving LTCG tax on domestic investments in start-ups Read More »
Canada’s Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland pose for a picture holding the budget on Parliament Hill in Ottawa, Ontario, Canada, April 19, 2021. REUTERS/Patrick Doyle April 19, 2021 By Julie Gordon OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau’s government on Monday lined up billions in new spending to provide emergency …
Canada budget rolls out post-pandemic spending plan ahead of likely election Read More »
America’s national debt now exceeds $123 trillion, according to a new report, or more than four times the official figure of $28 trillion, as calculated by the U.S. Treasury Department at the end of March. Federal spending related to the CCP virus pandemic and economic lockdown added nearly $10 trillion to the total in 2020, …
True National Debt Exceeds $123 Trillion, or Nearly $800,000 per Taxpayer: Report Read More »
The Oklahoma Supreme Court ruled on April 13 that the Norman City Council violated the state’s Open Meeting Act, or Sunshine Act, when it approved a budget that slashed $865,000 from police department funding in June last year, amid calls to “defund the police” spurred by social justice advocates in response to the May death …
Oklahoma Supreme Court Rules City Violated Law in Cutting Police Budget Read More »
An exterior view of the building of U.S. Department of the Treasury is seen on March 27, 2020 in Washington, D.C. (Photo by OLIVIER DOULIERY/AFP via Getty Images) OAN NewsroomUPDATED 6:22 PM PT – Monday, April 12, 2021 U.S. federal budget deficit hit a record high amid elevated spending and slow GDP recovery by the …
Biden’s budget deficit hits record $1.7T as spending soars Read More »
Joe Biden listens during an event on gun control in the Rose Garden at the White House April 8, 2021 in Washington, DC. (Photo by Alex Wong/Getty Images) OAN NewsroomUPDATED 3:43 PM PT – Friday, April 9, 2021 The Biden administration released its budget proposal for 2022, which will provide a 16 percent boost to …
Biden proposes $1.5T federal budget, increasing non-defense spending Read More »
President Biden on Friday asked Congress to authorize a $1.52 trillion federal spending plan for 2022, which gives a sense of his administration’s priorities, calling for a 16 percent increase in funding for non-defense domestic programs and a relatively flat 1.7 percent increase for defense. Biden’s first discretionary spending request, detailed in a blueprint (pdf) …
The Senate parliamentarian, Elizabeth MacDonough, ruled in an opinion to allow the Democrats in the evenly-split 50-50 Senate to use the reconciliation process again in fiscal year 2021, a spokesman for Majority Leader Chuck Schumer (D-N.Y.) said on Monday. The ruling potentially allows Democrats to pass President Joe Biden’s $2.25 trillion infrastructure proposal, dubbed the “America Jobs …
