Tag: budget

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.
Monday, January 28th 2019 - 09:09 UTC
Ecuador planning IMF support to balance the budget and implement reforms

Ecuador may use financing from the International Monetary Fund (IMF) to balance its budget, as the South American country seeks to reduce a swollen fiscal deficit and its international debt, the finance minister admitted on Friday.
Thursday, November 15th 2018 - 08:42 UTC
Argentina's Senate approves austerity budget agreed with IMF

After 13 hours of debate, the Argentine Senate approved the draft Public Administration Budget for 2019 early on Thursday. The project, presented by Mauricio Macri’s government, went ahead with 45 votes in favor, 24 against and just one abstention.