Tag: budget
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EU should use Google fines to cut member state contributions to budget, France says
PARIS, Sept 29 : The European Union should use the proceeds of the billions of euros in fines imposed on Google to reduce the contribution of member states to the EU budget, France’s Europe Minister Benjamin Haddad said on Tuesday.• “This is a new revenue source for the European Union — worth €4.6 billi
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Greece proposes European Spectrum Union to raise billions for EU budget from 6G mobile
BRUSSELS, Sept 23 : Greece has proposed that European Union states should create a European Spectrum Union which could use some of the funds raised by future national sales of 6G mobile spectrum for technology investment, easing pressure on the bloc’s budget.”The potential initial financial scale could be aro
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As global crises grow, Germany cuts development aid
The budget of Germany’s Economic Cooperation and Development Ministry is set to shrink for the fifth consecutive year. Aid organizations warn that the cuts will have severe consequences for millions of people.
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Germany cuts development aid despite growing crises
The budget of Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) is set to shrink for the fifth consecutive year. Aid organizations warn that the cuts could have dramatic consequences for millions
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BOJ to raise rates to 1.25% this month, reach 1.75% faster than expected: Reuters poll
TOKYO, Sept 10 : The Bank of Japan will hike interest rates to 1.25 per cent on September 18 and then to 1.75 per cent in the second quarter of 2027 — earlier than previously thought — a Reuters poll showed, amid persistent concerns over broadening price pressures and yen weakness.More than 80 per cent…
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South Korea proposes record $597 billion 2027 budget to supercharge AI investment
SEOUL, Sept 1 : South Korea on Tuesday unveiled its most aggressive fiscal spending plan on record, setting total government expenditure for 2027 at 821 trillion won ($596.92 billion) to strengthen the country’s technological edge amid the global AI race. In its annual budget proposal, the budget ministry sai
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South Korea proposes $599 billion 2027 budget, to boost chips and defence spending
SEOUL, Sept 1 : South Korea on Tuesday proposed an 821 trillion won ($598.79 billion) government budget for 2027, including special funding for its semiconductor industry and strategic weapons, the budget minister said in a cabinet meeting. The government earmarked 2.6 trillion won for a special semiconductor
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Japan aims to cap FY27 new bond issuance at 40 trillion yen, PM says in Yomiuri interview
TOKYO, Aug 28 : Japan’s government aims to keep new government bond issuance to around 40 trillion yen ($251 billion) for the fiscal 2027 budget, Prime Minister Sanae Takaichi said in an interview with the Yomiuri newspaper.Her comments came as Japan’s budget requests from government ministries and agencies f
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Germany news: Merz courts ‘frugals’ to trim EU budget
Chancellor Friedrich Merz is hosting leaders from several European Union net contributor countries as Berlin pushes for a smaller bloc budget. DW has more.
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Prabowo proposes US$230 billion budget for 2027; targets deficit at 2.4% of GDP
President Prabowo Subianto also announced that the government was planning to revise its citizenship law to allow some Indonesians to hold dual nationality for the first time.
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