Tag: budget
budgetFalklands approves £ 45.5million 2011/2012 budget with a surplus
The Falkland Islands ended the approval process for the 2011/2012 budget, following the positive report from Financial Secretary Keith Padgett to the Legislative Assembly budget session.
Brazil to trim budget and fight inflation by eliminating all 2009 stimuli
Brazil announces 50 billion Real (30 billion US dollars) cuts from this year’s budget as President Dilma Rousseff seeks to help the central bank contain inflation and lower some the world’s highest real interest rates.
UK, France, Germany join forces to freeze EU budget until end of the decade
British Prime Minister David Cameron has joined forces with France and Germany to demand a real-terms freeze in the European Union budget until the end of the decade.
Obama begins to attack budget deficit: freezes federal workers pay for two years
Amid expectations over President Barack Obama's comments on the Wikileaks scandal, he instead offered a speech to announce a two-year freeze on the pay of federal workers, as he seeks to show he is committed to reining in the ballooning US budget deficit.
Spain presents draconian budget with unemployment remaining above 19%
Spain presented a tough 2011 budget, deepening an austerity drive and taxing the rich more heavily as it seeks to boost confidence in a fragile economy ahead of a general strike.
Over-supply of homes hindering US economic recovery says Obama
President Barack Obama has said an over-supply of homes is hindering the US economic recovery. Obama also said the US had to find a way to curb its budget deficit without further slowing economic growth.
US economy faces “strong headwinds” and fiscal challenge, says Obama
Obama administration warned the US economy had encountered “strong headwinds” and the country's fiscal challenge remained grave, but it lowered an estimate for the budget deficit this year.
Portugal, Ireland, Greece, Spain, the Euro and now Hungary: who’s next?
The IMF and EU suspended a review of Hungary's funding program, set up in 2008 to save the country from financial meltdown, saying it must take tough action to meet targets for cutting its budget deficit.
UK, France and Germany slap coordinated levy on banks
Banks operating in the UK will be hit with a levy in a move set to raise more than £8bn over four years, the chancellor has announced -The levy is part of a joint move between the UK, France and Germany.
UK outlines start of massive cuts to “wasteful spending across the public sector”
Less than a fortnight after the Conservative-Liberal Democrat coalition took power in Britain, Chancellor of the Exchequer George Osborne outlined plans to cut £ 6.2 billion pounds (8.92 billion USD) from government spending to help reduce the budget deficit.
