Articles for Trillion Budget

A case of capex under the ‘macroscope’
10 months, 3 weeks ago

A case of capex under the ‘macroscope’

The Hindu  

India’s economic recovery in the early post COVID-19 pandemic phase was distinctly underscored by a strong performance in exports and domestic investments. The FY25 Interim Budget carries forward the ethos of public capex a notch higher, thereby bolstering the government’s commitment to high quality spending. The budgeted capex by the central government, an important metric for capacity creation in the …

India Budget States High Trillion Gdp Capex
Biden says GOP plans would drive US debt up by $3 trillion
1 year, 10 months ago

Biden says GOP plans would drive US debt up by $3 trillion

Associated Press  

LANHAM, Maryland — President Joe Biden on Wednesday said Republican policies would blow up the national debt by $3 trillion over 10 years, taking direct aim at GOP lawmakers who say their priority is a balancing the federal budget. The president said his budget, which is set to be released March 9, would protect Social Security and Medicare from cuts, …

Tax Budget National White House Debt Republican House
Ahead of crucial talks, IMF spots PKR 2 trillion breach in Pakistan’s budgetary estimates
1 year, 10 months ago

Ahead of crucial talks, IMF spots PKR 2 trillion breach in Pakistan’s budgetary estimates

The Hindu  

Ahead of its crucial talks with the cash-strapped Pakistan government, the IMF has found an over PKR 2,000 billion breach in budgetary estimates for 2022-23 in its initial assessment that might result in escalating the budget deficit and primary deficit targets with a massive margin. The IMF has identified a breach worth PKR 2 trillion in budgetary estimates for the …

Pakistan Budget Billion Imf Primary Deficit Fiscal
Lebanese government approves budget amid economic meltdown
2 years, 10 months ago

Lebanese government approves budget amid economic meltdown

Associated Press  

BEIRUT — Lebanon’s government approved Thursday the state budget for the current year, with a 17% deficit, the prime minister said. Prime Minister Najib Mikati told reporters after a Cabinet meeting Thursday that the budget projects spending of 47 trillion Lebanese pounds, while revenues stand at 39 trillion pounds, with a deficit of about 17%. In what appears to be …

Budget Lebanon Lebanese Mikati Pound
Covid-battered Economy Needs a Booster Dose. Budget 2022 Must Invest in Infrastructure - News18
2 years, 11 months ago

Covid-battered Economy Needs a Booster Dose. Budget 2022 Must Invest in Infrastructure - News18

News 18  

When Finance Minister Nirmala Sitharaman presents her fourth budget on February 1 amid a third wave of COVID-19 sweeping India, there will be expectations galore from this penultimate full budget of the second term of Prime Minister Narendra Modi. “New Deal” of US President Roosevelt, infra-mounted growth of Japan and South Korea in the second half of last century and …

India Economy Growth Infrastructure Budget Urban Cities
Democrats look to hike taxes on the rich and corporations to pay for $3.5 trillion budget bill
3 years, 3 months ago

Democrats look to hike taxes on the rich and corporations to pay for $3.5 trillion budget bill

CNN  

CNN — House Democrats want to increase taxes on wealthy Americans and corporations to pay for their sweeping $3.5 trillion budget package. The draft proposal, which could still change before it is expected to be officially released Monday, calls for increasing the top marginal rate on individuals to 39.6%, up from the 37% rate set by the Republicans’ 2017 tax …

Medicare Proposal Income Care Democrats Republican House
Senate Democrats reach $3.5 trillion budget agreement
3 years, 5 months ago

Senate Democrats reach $3.5 trillion budget agreement

Associated Press  

WASHINGTON — Senate Democrats announced late Tuesday that they’d reached a budget agreement envisioning spending an enormous $3.5 trillion over the coming decade, paving the way for their drive to pour federal resources into climate change, health care and family-service programs sought by President Joe Biden. We’re going to get this done for the sake of making average Americans’ lives …

Congress Democratic Revenue Agreement Republican Biden Senate Democrats
U.S. President Joe Biden’s $6 trillion budget: Social spending, taxes on business
3 years, 6 months ago

U.S. President Joe Biden’s $6 trillion budget: Social spending, taxes on business

The Hindu  

President Joe Biden on Saturday unveiled a $6 trillion budget for next year that’s piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nation’s spiking debt from spiralling totally out of control. With the deficit largely unchecked, Mr. Biden would use proposed tax …

Tax Democrats Senate Spending Biden Plan Gop
Opinion | Crystal gazing Budget 2021-22
3 years, 11 months ago

Opinion | Crystal gazing Budget 2021-22

Live Mint  

Given the loss in national income and consequent dips in per capita income, demand generation should be the key focus for the government in the upcoming Union Budget. Given the developments in the farm sector and pledge of the government to double farmers’ income, allocations to strengthen agriculture infrastructure - especially storage infrastructure like silos and cold chain – are …

Revenue Demand Sector Higher Additional Revenues Opinion Crystal
Federal Budget 2020 reveals Australia headed to record debt of almost $1 trillion
4 years, 2 months ago

Federal Budget 2020 reveals Australia headed to record debt of almost $1 trillion

ABC  

Billions of dollars in fast-tracked tax cuts and younger worker wage subsidies underline the Federal Government's budget recovery pitch, as Australia's recession sends debt and deficits to record levels. Key points: Debt and deficits are set to hit record highs as coronavirus savages the economy Debt and deficits are set to hit record highs as coronavirus savages the economy Businesses …

Coronavirus Australia Tax Budget Debt Billion Businesses