Tag: budget

• Saturday, December 18th 2010 - 09:02 UTC

  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.

• Monday, November 29th 2010 - 22:27 UTC

  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.

• Tuesday, September 28th 2010 - 04:52 UTC

  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.

• Thursday, August 19th 2010 - 02:54 UTC

  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.

• Friday, July 23rd 2010 - 22:44 UTC

  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.

• Monday, July 19th 2010 - 04:21 UTC

  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.

• Wednesday, June 23rd 2010 - 04:09 UTC

  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.

• Tuesday, May 25th 2010 - 00:43 UTC

  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.

• Wednesday, April 28th 2010 - 01:04 UTC

  Bernanke Warns White House About Failure to Reduce Federal Budget Deficit

  

  Federal Reserve Chairman Ben S. Bernanke said a failure to reduce the federal budget deficit may push up interest rates over time and impair economic growth, putting the recovery at risk.

• Monday, April 26th 2010 - 19:30 UTC

  Brazil Targets an Army of 500.000 (From 300.000) in Next Two Decades

  

  Brazil plans to increase the number of its voluntary army from 300.000 to 500.000 in the next two decades as the defence budget keeps growing steadily said ministry sources. The country’s defence budget soared 44.5% in real terms in the last five years.