Tag: budget
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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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Philippines’ Marcos proposes $118 billion budget for 2027
MANILA, Aug 11 : Philippine President Ferdinand Marcos Jr. asked Congress on Tuesday to approve a 7.2 trillion-peso ($118.1 billion) budget for 2027, 6 per cent higher than this year, as his government sought to regain momentum after a sharp economic slowdown and a corruption scandal that has slowed infrastructure s
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Why is Russia selling its gold?
Russia has become one of the world’s biggest sellers of gold over the past 12 months. It’s an attempt to raise cash in the face of budget issues, but not necessarily a sign of a looming financial crisis.
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Germany news: IS video found on Berlin Pride suspect’s phone
Berlin Pride suspect Abdul B. pledged allegiance to the “Islamic State” in a video filmed prior to the attack. Meanwhile, Germany’s center-left wants constitutional protections for LGBTQ+. DW has more.
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Adeniyi Adeyemi’s PFIPC: How a fake presidential council ended up in Nigeria’s national budget
The government says it was set up with a forged letter of appointment but others say there is more to it.
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Germany: Record debt and a seismic policy shift
The German government’s draft budget for 2027 includes more money for the military and less for everything else, while debt continues to grow rapidly. The Cabinet has approved it, and now it needs to pass in parliament.
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