South Korea's chief economic policymaker on Wednesday called on the National Assembly to swiftly pass the 6.7 trillion-won ($5.8 billion) extra budget bill, as Asia's fourth-largest economy is facing downside risks.
US budget talks have hit another impasse over immigration, a key Republican negotiator said Sunday, raising the prospect of a second government shutdown if no agreement is reached by this week’s deadline.
Germany faces a €2-billion ($29 billion) budget shortfall by 2023, unless it tightens spending, as tax revenues are set to fall and public sector wages are on the rise, Bild newspaper reported, citing an internal government document.
India's Hindu nationalist-led government poured extra money into support for farmers and a rural jobs program, delivering on Friday its last budget before a general election due by May with the clear aim of winning over votes.
Indonesia will more than double its disaster response budget to 15 trillion rupiah ($1.06 billion) in 2019, officials said on Tuesday, after a series of major natural disasters devastated three regions of the vast archipelago last year.
Italian Deputy Prime Minister Matteo Salvini said on Monday he “did not see any danger” to the government in the coming months as it turns its attention to new reforms after finally pushing its 2019 budget into law.
The upper house of Italy’s parliament has approved a revised budget plan for 2019 after a tense standoff with the European Union (EU) and despite opposition complaints that the process has been rushed to meet an EU deadline.