Tag: budget

• Saturday, October 17th 2020 - 08:52 UTC

  Moody's cuts UK debt rating on recession, Brexit and lack of clear budget plans

  

  Ratings agency Moody’s cut the United Kingdom’s debt rating on Friday over the huge economic hit from the coronavirus crisis, Brexit and the lack of clear budget plans from Prime Minister Boris Johnson’s government.

• Monday, August 10th 2020 - 07:56 UTC

  Falklands' Covid support paid out over a £1m; tourism expected to continue tied to the scheme

  

  The Falkland Islands government, FIG, up to July 6, had paid out £1,016,570 for Covid support measures from the total approved funding of £8.99m. The figure, from a paper presented to the Executive Council does not include the wool clip purchase scheme, which is expected to total around £2.9m.

• Friday, June 26th 2020 - 10:06 UTC

  Brazil confirms budget primary deficit at 11% of GDP; economy set to shrink 7%

  

  Brazil’s economic growth and fiscal outlook this year are shaping up to be worse than official government forecasts, making a return to austerity and reforms next year all the more pressing, Treasury Secretary Mansueto Almeida said

• Friday, June 26th 2020 - 10:01 UTC

  Falklands Covid-19 support measures total £8 million; inflation 0,03% in fourth quarter

  

  The Falkland Islands Standing Finance Committee has revealed that the government has funded Covid-19 support measures to the tune of £7.983 million. The spending has been offset by underspends from a number of government departments, including Education and Natural Resources, while the Islands Plan budget is expected to underspend by nearly half a million pounds.

• Tuesday, June 23rd 2020 - 10:26 UTC

  Falklands government on track to deliver a five year £130m capital program

  

  The Falkland Islands Government confirmed its commitment to delivering its capital program, despite some disruption caused by the global COVID-19 pandemic. The approved total capital program is valued at £130m over five years and there is significant work on-going to deliver critical infrastructure projects.

• Wednesday, June 10th 2020 - 22:10 UTC

  Falklands 2020/21 budget reflects stability and continuity: no rises in fees or charges

  

  Stability and continuity are at the heart of the Falkland Islands Government Budget for 2020/21. The Budget recognises these two themes are essential in the time of uncertainty stemming from the global COVID-19 pandemic.

• Friday, May 29th 2020 - 08:04 UTC

  Falklands drafting “prudent” budget with no proposal to increase fees and charges

  

  The Falkland Islands Government this week unveiled plans for a “prudent” budget that maintains the current levels of expenditure but does not propose any increase in fees and charges. The budget aims to keep the current levels of service delivery but shies away from major investments or increases in operating costs.

• Tuesday, May 5th 2020 - 06:58 UTC

  US prepared to borrow a record US$ 3 trillion in second quarter; national debt soared above 100% of GDP

  

  United States has said it wants to borrow a record US$ 3 trillion in the second quarter, as coronavirus-related rescue packages blow up the budget. The sum is more than five times the previous quarterly record, set at the height of the 2008 financial crisis.

• Thursday, September 5th 2019 - 09:39 UTC

  Brazilian Senate advancing with pensions' reform; forecasts of promulgation in a month's time

  

  Brazil’s Senate constitutional affairs committee on Wednesday approved by a vote of 18-7 a bill that would overhaul the social security system and save the federal government about 1 trillion reais (US$243 billion) over the next decade.

• Monday, February 11th 2019 - 08:51 UTC

  Institute for Fiscal Studies says more billions needed to end Hammond's austerity

  

  Philip Hammond must spend billions extra to end austerity, says think tank the Institute for Fiscal Studies (IFS). To maintain per capita spending across government departments which don't have ring-fenced budgets, he must find an extra £5bn a year by 2023, it adds. And maintaining spending on unprotected services as a share of national income would require £11bn on top of spending plans set out in the 2018 Budget.