Articles for Billion Spending

Budget 2025: Is it high time to hike India's military spending?
1 day, 22 hours ago

Budget 2025: Is it high time to hike India's military spending?

India Today  

From the Russia-Ukraine war and the Israel-Hamas conflict to the Bangladesh instability and Afghanistan-Pakistan tensions, global peace is in short supply. With conflicts reaching Indian borders, the question arises: is it time to raise the defence budget, which has consistently been below 2.5 per cent of the country’s gross domestic product? For the first time since 2009, military expenditure went …

India Military Defence Spending Cent Expenditure Military Spending
Treasurer to unveil mid-year budget update
3 weeks, 2 days ago

Treasurer to unveil mid-year budget update

ABC  

Nick Grimm: The Treasurer will today unveil the mid-year budget update, which is expected to confirm the budget is heading back into years of deficits. Jim Chalmers says despite weak economic growth and falling commodity prices, the budget bottom line is an improvement on what Labor inherited. Jim Chalmers: Responsible economic management is the hallmark of the Albanese government and …

Budget Update Treasurer Chalmers Jim Chalmers Vinales Pablo Vinales
US House okays $895 billion defence bill for military pay hike, Senate test next
4 weeks, 1 day ago

US House okays $895 billion defence bill for military pay hike, Senate test next

India Today  

The House on Wednesday passed a $895 billion measure that authorises a 1% increase in defence spending this fiscal year and would give a double-digit pay raise to about half of the enlisted service members in the military. Lawmakers are touting the bill’s 14.5% pay raise for junior enlisted service members and a 4.5% increase for others as key to …

Military Defence Democratic Service Senate Spending House
Indian shares set for muted start, tracking Asian peers
1 month, 1 week ago

Indian shares set for muted start, tracking Asian peers

Live Mint  

Nov 28 - Indian shares are set to open little changed on Thursday, tracking other Asian peers on worries over U.S. President-elect Donald Trump's policies, and as uncertainty over U.S. rate cut trajectory resurfaced. The Adani group stocks will continue to remain in focus after the group clarified that its key executives were not charged with violations of the U.S. …

India Indian Indian Shares
NHS cash injection will ‘bring waiting lists down’ – Chancellor
2 months, 1 week ago

NHS cash injection will ‘bring waiting lists down’ – Chancellor

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. This is the largest real-terms growth in day-to-day NHS spending outside of Covid since …

Health England Funding Care Hospitals Hospital Spending
The Budget: What do we know so far?
2 months, 3 weeks ago

The Budget: What do we know so far?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves will present her first Budget as Chancellor to …

Government Tax Labour Budget Ms Reeves
FIFA says $6.5 billion of international spending in transfer window
4 months, 1 week ago

FIFA says $6.5 billion of international spending in transfer window

Associated Press  

ZURICH — Spending on transfer fees in international men’s player deals cooled off during the mid-year trading period, according to FIFA research published on Tuesday. FIFA said clubs committed to spend $6.46 billion on buying players in cross-border deals during the June-to-September transfer window — down from $7.43 billion in the same period a year ago. Deals in the top-10 …

Deals Transfer Fees Clubs Fifa Transfer Window 65 Million
Philippines seeks increase in defence spending in 2025
5 months, 1 week ago

Philippines seeks increase in defence spending in 2025

Hindustan Times  

MANILA - The Philippines is allocating 256.1 billion pesos for defence spending in 2025, the budget ministry said on Monday, up 6.4% from this year's budget as the country seeks to modernise and boost it external defences. Philippines seeks increase in defence spending in 2025 The proposed increase in defence spending comes at a time of growing tensions with Beijing …

China Philippines Spending Billion Philippine Defence Budget Defence Spending
Luxury brands feel the sting as Chinese economy slows down
5 months, 3 weeks ago

Luxury brands feel the sting as Chinese economy slows down

The Hindu  

The prolonged downturn in luxury spending in China is unlikely to reverse this year, analysts and executives warn, deepening a rout which has wiped almost $200 billion off the sector’s value in recent months. According to consultancy Bain, China accounted for 16% of 362 billion euros of global luxury spending last year. But data on Monday showed China grew much …

Luxury China
How do the Conservative and Labour manifestos compare on the big issues?
6 months, 3 weeks ago

How do the Conservative and Labour manifestos compare on the big issues?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Labour has promised a “tax lock for working people”, which counters repeated and contested …

Conservative Party Spending Plan Billion Nhs Tory
Sales stall at Lurpak firm Arla after shoppers cut back spending
10 months, 2 weeks ago

Sales stall at Lurpak firm Arla after shoppers cut back spending

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Lurpak parent firm Arla has …

Billion Arla
Discretionary Spending Could Almost Triple to $2k Billion By 2030
11 months, 2 weeks ago

Discretionary Spending Could Almost Triple to $2k Billion By 2030

Deccan Chronicle  

Chennai: Expansion of private spending would lead to greater share of discretionary spending in India's consumption basket. Our estimates suggest that aggregate discretionary consumption could almost triple from $657 billion in 2022 to as much as $2,000 billion by 2030. Expanding aggregate private spending would see a greater share of discretionary spending in India's consumption basket. Barclays’ estimates suggest that …

India Consumption Spending Billion Cent Discretionary Discretionary Spending
'High-risk' infrastructure project funding axed as federal government contains spending
1 year, 1 month ago

'High-risk' infrastructure project funding axed as federal government contains spending

ABC  

The federal government has pulled the pin on more than 50 "high-risk" infrastructure projects as part of its response to a review of infrastructure funding. Key points: A broad review on infrastructure funding has recommended 82 projects miss out on federal government money The names and locations of those projects and the government's response will be made public Regional road …

Infrastructure Funding Projects Review Project Pipeline King
Minnesota’s budget surplus grows to a projected $2.4 billion, fueling debate over spending
1 year, 2 months ago

Minnesota’s budget surplus grows to a projected $2.4 billion, fueling debate over spending

Associated Press  

ST. PAUL, Minn. — Minnesota’s budget surplus has grown to a projected $2.4 billion, and that’s already fueling the debate over spending and taxes ahead of the 2024 legislative session. A report from Minnesota Management and Budget this week said the state ended its previous two-year budget cycle with a balance around $820 million higher than estimated when the session …

Budget Minnesota Billion Surplus Grows Fueling Debate
Saudi transfer window closes after a $1 billion spending spree on football stars
1 year, 4 months ago

Saudi transfer window closes after a $1 billion spending spree on football stars

The Hindu  

After an outlay of $1 billion, Saudi Arabia’s transfer window shut on Thursday with the oil-rich kingdom having announced itself as a new powerhouse in global football. Liverpool last week reportedly rejected a bid worth 150 million pounds from Al-Ittihad for Salah and despite speculation a renewed offer would come before Thursday’s deadline, no deal was struck for the Egypt …

World Cup Champions League Saudi Arabia Saudi League Messi Window
Shandong posts solid economic performance in H1
1 year, 5 months ago

Shandong posts solid economic performance in H1

China Daily  

Shoppers look at electric fans at a supermarket in Qingzhou, Shandong province. WANG JILIN/FOR CHINA DAILY Major business indicators - including consumption expenditure, foreign trade and investment promotions - posted steady progress in East China's Shandong province in the first half of the year, according to a recent news conference held by the Shandong Provincial Department of Commerce. Total retail …

Yuan Shandong
Still in the money: Georgia government will pocket another $5 billion budget surplus
1 year, 5 months ago

Still in the money: Georgia government will pocket another $5 billion budget surplus

Associated Press  

ATLANTA — Georgia will collect another $5 billion in surplus revenue after the just-concluded budget year, which could leave lawmakers and Gov. But numbers announced Wednesday by the state Revenue Department show taxes collected by that department matched last year’s $33 billion, while the Republican Kemp had estimated a $5.4 billion decrease. Danny Kanso, senior fiscal analyst with the liberal-leaning …

Georgia Tax Budget Revenue Spending State Billion
"That's f**king corruption!": Jon Stewart corners top Pentagon official in epic confrontation
1 year, 8 months ago

"That's f**king corruption!": Jon Stewart corners top Pentagon official in epic confrontation

Salon  

Comedian and talk show host Jon Stewart called out a top Pentagon official over "corruption" at the Department of Defense during an interview last week. Stewart interviewed Kathleen Hicks, the deputy secretary of Defense, at the War Horse Symposium at the University of Chicago on April 6, delving into intense questions about the military defense budget. At one point in …

Military War Pentagon Stewart
Macy’s, Best Buy 4Q reports underscore consumer slowdown
1 year, 10 months ago

Macy’s, Best Buy 4Q reports underscore consumer slowdown

Associated Press  

NEW YORK — Quarterly earnings from Macy’s and Best Buy show how Americans have pulled back their spending on clothes and gadgets as inflation strains household budgets. “The consumer electronics industry continues to feel the effects of the broader macro environment and its impact on consumers,” said Matt Bilunas, Best Buy’s chief financial officer. Best Buy earned $495 million, or …

Earnings Sales Share Billion Best Buy Wall Street
Why LVMH is still the behemoth on the bling block
1 year, 11 months ago

Why LVMH is still the behemoth on the bling block

Live Mint  

Even the mighty LVMH Moet Hennessy Louis Vuitton SE can’t escape the distress in China. LVMH’s second-half operating margin also came in below expectations as the company increased marketing spend by 30% in that period while also suffering from the downturn in post-Covid Zero China. Yet organic sales growth is still ahead of analysts’ expectations, as well as the performance …

China Sales Chinese Louis Vuitton Lvmh
New Mexico state government reaps budget windfall from oil
2 years ago

New Mexico state government reaps budget windfall from oil

Associated Press  

SANTA FE, N.M. — The state of New Mexico is likely to inherit a new, multibillion-dollar financial windfall largely from surging oil production and robust energy prices in the era of war between Ukraine and Russia, economists told a panel of leading legislators on Monday. Public schools in New Mexico operate primarily on money from the state general fund and …

Oil State Government Democratic New Mexico Mexico State Billion
Gov. Burgum unveils record $18.4B proposed state budget
2 years, 1 month ago

Gov. Burgum unveils record $18.4B proposed state budget

Associated Press  

BISMARCK, N.D. — North Dakota Gov. Doug Burgum on Wednesday unveiled a proposed $18.4 billion budget that increases state spending by more than 3% and includes $3 billion in infrastructure funding, and increases workforce development funding and public employee salaries. The state’s current $17.8 billion two-year budget — including federal aid — is its biggest ever and more than $2 …

Budget State Billion Legislature Gov Burgum
Anthony Albanese flags NDIS spending crackdown as federal budget forecasts cost blowout
2 years, 2 months ago

Anthony Albanese flags NDIS spending crackdown as federal budget forecasts cost blowout

ABC  

There are growing concerns about the sustainability of a central Labor policy following new budget projections showing the extent of National Disability Insurance Scheme cost blowouts. Key points: The NDIS is the second-most-expensive social program after the aged pension The budget is forecasting NDIS costs to grow 14 per cent each year for the next decade The NDIS is now …

Labor Cost Ndis Federal Budget
Biden signs bill to avert government shutdown and aid Ukraine
2 years, 3 months ago

Biden signs bill to avert government shutdown and aid Ukraine

LA Times  

The Democratic-led House acted to avert a partial government shutdown set to begin after midnight, sending President Biden a short-term spending bill Friday that finances the federal government through mid-December and provides another infusion of military and economic aid to Ukraine. President Biden signed into law Friday a bill that finances the federal government through mid-December and provides another infusion …

Ukraine House Biden Billion Republicans Aid Bill