Hong Kong is set to record its first budget deficit in 15 years, the city's finance chief warned Monday, as the business hub reels from the twin shocks of the trade war and seething democracy protests.
Iran’s foreign oil sales, once a staple of the country’s yearly budgets, will account for a tiny portion of government's projected revenues equal to seven percent in the next Iranian calendar year beginning on March 21, 2020.
Lebanese Prime Minister Saad al-Hariri says the cabinet has approved a raft of economic reforms, including halving ministers' wages, and agreed on the 2020 budget in a bid to tackle fiscal crisis in the cash-strapped country and put an end to the nationwide demonstrations that have entered the fifth day.
The administrative tasks required of doctors, nurses and other medical professionals are so complex and time-consuming that they squander hundreds of billions of dollars each year, according to a new analysis of health care spending in the US.
Mexico's government cautiously freed up funds for spending in its 2020 budget proposal on Sunday, slightly loosening a primary surplus target as it aimed to balance big welfare promises with the reality of a stagnant economy.
Indonesian President Joko Widodo on Friday proposed a 2,528.8 trillion rupiah ($177.56 billion) budget to parliament for 2020, focusing spending on human resources, which was central in his re-election campaign.
India Prime Minister Narendra Modi’s government unveiled the budget for 2019/2020 on Friday, seeking to reverse weakening growth and investment that threaten to take the shine off a recent landslide election victory.