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Italian prime minister promises structural reforms this year
Italy’s coalition government will introduce a raft of structural reforms this autumn, Prime Minister Giuseppe Conte said, reiterating that the 2019 budget would be “serious, rigorous and also courageous.”
UK government borrowing at 11-year low
Government borrowing in the April-to-June period fell to its lowest level since 2007, official figures show.
France says Eurozone budget to be operational from 2021
French President Emmanuel Macron has said after talks with German Chancellor Angela Merkel that a special budget mechanism will become operational for the eurozone area as of 2021.
Moon urges early implementation of extra budget to create more jobs
President Moon Jae-in on Tuesday instructed the government to quickly implement its extra budget to create more jobs and called for efforts to smoothly implement the cut in working hours.
Israel unveils budget for ‘Israelization’ of East J'salem al-Quds
Tel Aviv has earmarked $560 million for “Israelization” of occupied East Jerusalem al-Quds, which Palestinians want as the capital of their future state, the daily Ha'aretz reported on Monday.
EU launches battle for bigger post-Brexit budget
The European Commission proposed a bigger new multi-year budget on Wednesday that will trigger battles among member states over how to fill the funding gap left by Britain’s exit next year.
Over 1mn job to be generated in current year
Government Spokesman and Head of Plan and Budget Organization Mohammad-Baqer Nobakht said that President Rouhani ordered the responsible officials of the country for generating more than one million employment opportunities in 1397 (started March 21, 2018).
Iran's Parliament ratifies budget bill for next fiscal year
Iran's Parliament approved the national budget bill for the next Iranian year, which will start on March 21, 2018.
Rouhani administration faces no budget deficit despite unfulfilled income target
An assessment of the Iranian government's financial condition during March 21-December 20, 2017, shows that although the Rouhani administration has failed to acquire more than $8.1 billion in pr+edicted monetary resources, its figures are not indicative of a budget deficit.
US government shuts down despite late Senate vote on budget deal
The US Senate has approved a budget deal including a stopgap funding bill, but the vote early on Friday came after a midnight deadline and too late to prevent a federal government shutdown.
MPs pass general outlines of budget bill
Iran's Parliament passed the general outlines of the budget bill for the next fiscal year (March 2018-19) after initially rejecting it over concerns that the proposed cuts could hit the vulnerable strata the hardest.
Japan government approves record high military budget
Japan’s government has approved a record military budget, which allocates significant funding to the purchase of American-made weaponry.
British defense minister threatens to quit over army budget cuts
The British defense Minister has threatened to resign if the ministry goes ahead with spending cut plans, under which the army would lose 12,000 soldiers.
Ireland to boost budget package to €1b
Ireland is set to almost triple the amount available to cut taxes and increase spending in next week's budget through a series of additional revenue raising measures, the Irish Times reported.
Macron government cuts wealth taxes in first budget
French President Emmanuel Macron's business-friendly government unveiled its first annual budget Wednesday, fending off criticism that its tax cuts favor the very wealthiest.

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