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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.
Japan requests record-high defense budget amid Korean Peninsula tensions
Japan’s Defense Ministry has requested a record-high budget to boost its missile ranges amid increasing tensions on the Korean Peninsula.
S. Korea's foreign ministry requests 2% hike in 2018 budget
South Korea's foreign ministry said on Tuesday that it has asked for a two percent increase in its budget for next year with much of the rise earmarked for protecting Korean nationals overseas and helping less-developed countries.
UK budget deficit to rise
UK Prime Minister Theresa May’s pledge to balance the country’s books is already under attack, amid fears that a slowdown will force her government to ramp up spending.
Indonesia raised to investment grade by S&P
S&P Global Ratings raised Indonesia’s credit rating to investment grade, bringing it in line with the other two main rating companies and paving the way for more fund inflows into Southeast Asia’s largest economy. Stocks surged to a record and the rupiah advanced.
As budget deadline looms, Trump pushes border wall funding
With a budget deadline looming, President Donald Trump plans a whirlwind of activities seeking to highlight accomplishments while putting fresh pressure on congressional Democrats to pay for a wall on the US-Mexico border, even if that pressure risks a possible government shutdown.
Trump’s budget ‘one of the cruelest’ in US history
Key Democratic figure Senator Bernie Sanders lambasts US President Donald Trump’s proposed budget in part for depriving nearly one million children from early education.
Trump State Department budget cuts 'probably' won't Senate: McConnell
US Senate Majority Leader Mitch McConnell says President Donald Trump's proposed budget cuts in State Department will not win congressional approval.

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