Articles for Budget Cut

"Creating a parallel state": Elon and Vivek hope to test presidential and private powers
2 weeks, 2 days ago

"Creating a parallel state": Elon and Vivek hope to test presidential and private powers

Salon  

While the promises of billionaires Elon Musk and Vivek Ramaswamy to cut government spending down to the bone sound a lot like previous failed attempts to root out supposed government waste, their plan promises to test the limits of presidential power and the power of private individuals to steer government. Mike Lofgren, a former Republican congressional aide who worked on …

Court Congress Trump New York Musk Republican President
DOGE: How Elon Musk could use his new meme "department" to target government employees and programs
1 month, 1 week ago

DOGE: How Elon Musk could use his new meme "department" to target government employees and programs

Salon  

President-elect Donald Trump is gifting two of his most ardent billionaire supporters, Elon Musk and Vivek Ramaswamy, with control over a so-called Department of Government Efficiency and with it a supposed mandate to "dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies.” According to the announcement, DOGE will be an advisory department that operates "outside of …

Congress Trump Musk Democrats Elon Musk Department Federal
UK's central bank cuts interest rate
1 month, 2 weeks ago

UK's central bank cuts interest rate

China Daily  

By Earle Gale in London | chinadaily.com.cn | Updated: 2024-11-07 22:35 Pedstrians pass the Bank of England, Britain's central Bank, in London, on November 7, 2024. The United Kingdom's central bank, the Bank of England, or BoE, cut its base interest rate on Thursday, to 4.75 percent from 5 percent, in a move seen as a declaration that rampant inflation …

Inflation Bank Interest Rates Rate Cut Interest Rate 5 Percent
Ryanair to cut flights by 10% from major UK airports as boss calls Budget air tax rise ‘idiotic’
1 month, 2 weeks ago

Ryanair to cut flights by 10% from major UK airports as boss calls Budget air tax rise ‘idiotic’

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Chief executive Michael O’Leary criticised the spending statement on Friday, saying it has “damaged” UK growth prospects and “made air …

Travel Ryanair Tax Air Rise Idiotic Uk Airports Travel Taxes
Mortgage approvals jump but housing market on ‘tenterhooks’ ahead of Budget
1 month, 3 weeks ago

Mortgage approvals jump but housing market on ‘tenterhooks’ ahead of Budget

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 The number of mortgage approvals …

Budget Bank Mortgage Approvals Borrowing
As PM, India’s Modi secretly tried to massively cut state funds
11 months ago

As PM, India’s Modi secretly tried to massively cut state funds

Al Jazeera  

Modi tried to force the Finance Commission to cut back on the amount of tax revenue meant for India’s states. The Finance Commission scandal Per India’s Constitution, an independent Finance Commission, made up of economists and public finance experts, decides what percentage of money the federal government should share with the states from its tax collections, excluding those it labels …

Finance India Welfare Schemes Prime Taxes Budget States
Boris Johnson demands inheritance tax cut for baby boomers to pass down ‘colossal’ wealth
1 year, 1 month ago

Boris Johnson demands inheritance tax cut for baby boomers to pass down ‘colossal’ wealth

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Boris Johnson has demanded a cut to inheritance tax in the …

Tax Inheritance Johnson Cut Westminster Email View Inheritance Tax
Karnataka budget session begins; BJP gears up for battle, Cong has task cut out
1 year, 5 months ago

Karnataka budget session begins; BJP gears up for battle, Cong has task cut out

Hindustan Times  

The budget session of the Karnataka Legislature began on Monday with Governor Thaawarchand Gehlot emphasising on the need to eradicate corruption in the state, and the ruling Congress and opposition BJP gearing up for a battle both inside and outside the Assembly. BJP president J P Nadda has appointed Union minister Mansukh Mandaviya and party general secretary Vinod Tawde as …

Karnataka Assembly Budget Congress State Bjp Siddaramaiah
Opinion: Newsom should solve two problems at once: Close prisons and cut spending
1 year, 6 months ago

Opinion: Newsom should solve two problems at once: Close prisons and cut spending

LA Times  

Gavin Newsom’s plan to rebrand San Quentin Prison was a flop, but he knows he needs to use his power to transform the incarceration system. California’s daunting $32-billion deficit presents another opportunity to do something the state needed to do anyway: curb out-of-control spending on our state’s sprawling prison system. Repairing California’s 12 oldest state prisons would require an astronomical …

Economic Newsom California Prison State Budget Prison Closures Close Prisons
Biden budget aims to cut deficits nearly $3T over 10 years
1 year, 9 months ago

Biden budget aims to cut deficits nearly $3T over 10 years

Associated Press  

WASHINGTON — President Joe Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, the White House said Wednesday. Rohit Kumar, a former McConnell aide who is now an executive with the tax consultancy PwC, said Biden’s plan does matter “in terms of putting ideas out there.” He said that if Biden won a …

Medicare Tax Budget House Biden Plan President
Rise in debt costs could dash Budget tax cut hope
1 year, 9 months ago

Rise in debt costs could dash Budget tax cut hope

Daily Mail  

Problems: Chancellor Jeremy Hunt Hopes of a tax-cutting Budget have been hit by a recent jump in Government borrowing costs that threatens to blow a hole in the public finances. Chancellor Jeremy Hunt was in line for £30 billion more than forecast in the Autumn Statement three months ago due to falling energy prices, a stronger economy and lower debt …

Budget Obr
Welfare spending cut could pose significant livelihood challenges
1 year, 10 months ago

Welfare spending cut could pose significant livelihood challenges

Hindustan Times  

Since the 2021-22 Budget, the Union government has steadily pivoted from welfare spending to capital expenditure. In essence, welfare spending is now relegated to the margins, in the hope that investment in infrastructure will, to quote the finance minister, have a “large multiplier impact on growth and employment and ramp up the virtuous cycle of investment and job creation.” From …

Employment Welfare Rural Budget Revenue Spending Significant
Budget 2023-24 Expectation: Govt must incentivise preventive health check-ups to cut future medical expenses
1 year, 10 months ago

Budget 2023-24 Expectation: Govt must incentivise preventive health check-ups to cut future medical expenses

Firstpost  

In order to encourage preventive health check-ups, the Union Budget must increase the deduction limit to Rs 25,000 for a family from the prevailing Rs 5,000 per family and reduce future medical expenses. Tax rebates in preventive healthcare expenditure The need for fiscal intervention by way of tax rebates in preventive healthcare expenditures stems from the fact that India spends …

Health India Preventive
Education Budget 2023 Wishlist: Tax Cut, 'Internationalisation', 'Digital Library Ecosystem', More Private Participation
1 year, 11 months ago

Education Budget 2023 Wishlist: Tax Cut, 'Internationalisation', 'Digital Library Ecosystem', More Private Participation

ABP News  

New Delhi: Union Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 on February 1. The Union Budget 2023 outlay must provision for ‘Internationalization’ at State and Central Government Universities, while also making India a destination for foreign students. Ratnesh Jha, the chief executive officer of Burlington English, an AI-driven English language learning platform, said: “The Indian subcontinent in …

Education India English Learning Indian Digital Nep
India aims for $17 bln cut in food, fertiliser subsidies in 2023/24
1 year, 11 months ago

India aims for $17 bln cut in food, fertiliser subsidies in 2023/24

Live Mint  

India aims to cut spending on food and fertiliser subsidies to 3.7 trillion rupees in the fiscal year from April, down 26% from this year, two government officials said, to rein in a fiscal deficit that ballooned during the COVID-19 pandemic. Food and fertiliser subsidies alone account for about one-eighth of India's total budget spending of 39.45 trillion rupees this …

Food India Officials Trillion Fiscal Subsidies Rupees
Mississippi lawmakers aim to finish budget and end session
2 years, 8 months ago

Mississippi lawmakers aim to finish budget and end session

Associated Press  

— Mississippi legislators are returning to the Capitol on Monday with hopes of finishing their 2022 session. Tate Reeves said Friday that he intends to sign a bill that will authorize Mississippi’s largest-ever tax cut. “It’s a major tax cut that heads us in the direction of eliminating the income tax,” Reeves told reporters Friday at the Capitol. “Literally every …

Tax State Mississippi
Budget 2022: FY23 disinvestment receipts pegged at Rs 65K cr; receipts for current year cut to Rs 78K cr
2 years, 10 months ago

Budget 2022: FY23 disinvestment receipts pegged at Rs 65K cr; receipts for current year cut to Rs 78K cr

India TV News  

Highlights The big-ticket disinvestment of Life Insurance Corporation is in the works The government has missed the disinvestment target for three consecutive years In 2020-21, the government had mopped up Rs 37,897 crore The government's receipt from disinvestment proceeds in the next financial year beginning April has been pegged at Rs 65,000 crore, lower than the current year's estimated mobilisation …

Budget Disinvestment Crore Target Lic
Budget 2022: Polished diamonds, gemstones to get cheaper | Details
2 years, 10 months ago

Budget 2022: Polished diamonds, gemstones to get cheaper | Details

India TV News  

Highlights Prices of polished diamonds, and gemstones are set to get cheaper in budget. Prices of polished diamonds, and gemstones are set to get cheaper with the government reducing the customs duty taxes, and reducing import duty in the budget. The Budget said customs duty on cut and polished diamonds and gemstones are being reduced to 5 percent in order …

Finance Budget Customs Jewellery Duty Gemstones Cut