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US budget deficit hits $779 billion, highest since 2012
The US government’s budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trump’s tax cuts caused the government to borrow more heavily in order to cover its spending.
Top IMF official issues fresh warning to Italy over budget plans
The IMF’s top official on Europe has issued a new warning to Italy’s government over its budget plans, saying it should be shrinking the country’s deficit in accordance with EU rules rather than expanding it.
EU slams Italy budget as stocks plunge
The European Union on Friday issued a stern warning to Italy's populist leaders following their defiant pledge to increase spending and run a budget deficit that risks putting Rome on a collision course with Brussels.
Japanese gov't budget requests for FY 2019 reaches record high
Japanese government ministries and agencies' budget requests for fiscal 2019 hit a record high of 102.5 trillion yen ($923 billion), officials said, as the nation grapples to finance ballooning social welfare costs and defense spending.
Macron’s government to cut social welfare spending in 2019 budget
French President Emmanuel Macron’s government is to cut its social welfare spending, including its housing, family, and pension benefits, in the next fiscal year’s budget as part of controversial reforms that have made him unprecedentedly unpopular among the French people.
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.

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