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BRAZIL: Government to Send Congress Changes To The 2018 Budget Bill
The financial Tribune (October 22, 2017)
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(RTT News) – The Brazilian government will send to Congress the changes to the 2018 budget bill by the end of next week, Planning Minister Dyogo Oliveira
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said Thursday after a meeting with the Senate’s speaker EunÃcio Oliveira. “The speaker asked about the deadline for sending the complementary piece
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of the budget, and I said we are preparing everything to send it by the end of next week…Read More
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Women farmers present ‘charter of demand’ to minister
The Business Recorder(October 21, 2017)
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Oxfam Pakistan and Indus Consortium organized a rural women’s convention where over 80 women farmers from five districts of Punjab, presented a
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“charter of demands” to the Minister Environment Protection Zakia Shah Nawaz.The charter demands the approval of the Climate Change Policy
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with proper resource allocation for smallholder women farmers and their participation in budget decision making. The convention…Read More
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Budget Deficit Hits $666 Billion, an $80 Billion Spike for the Year
The flathead Beacon(October 20, 2017)
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WASHINGTON – The federal budget deficit rose to $666 billion in the just-completed fiscal year, a spike that comes as Republicans are moving to
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draft a tax code rewrite that promises to add up to $1.5 trillion to the national debt over the coming decade. The sobering deficit numbers, released
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Friday by the Treasury Department and the White House budget office, followed Senate passage Thursday night of a 10-year budget…Read More
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Academics want bigger budget for education sector in 2018
New Straits Times (October 19, 2017)
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KUALA LUMPUR: Public universities will attract the cream of the crop when there is more money pumped into the sector. National Union of the
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Teaching Profession (NUTP) secretary-general Harry Tan said more allocation for public universities would mean better quality teachers and
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ultimately higher standards of instructions provided in schools.He said a larger budget for both the Education and Higher Education…Read More
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Zimbabwe Says to Slash Budget Deficit despite Looming Elections
New York Times (October 18, 2017)
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HARARE – Zimbabwe plans to cut its budget deficit by half next year to 4 percent of GDP, the national Treasury said, an ambitious goal at a time
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when the country is expected to hold a presidential vote that veteran President Robert Mugabe is set to contest. The southern African
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country has over the last four years failed to cut its deficit despite promises to do so, mainly due to high government spending on public sector…Read More
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Colombia’s Congress Approves $80 Billion Budget for 2018
US News (October 18, 2017)
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BOGOTA (Reuters) Colombia’s congress approved an $80 billion budget for 2018 on Wednesday, in a bid to retain the country’s ‘BBB’
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credit rating, and the finance minister said the government would not issue more international bonds. Policymakers have been grappling for over
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two years with the twin pressures of a weak economy, caused by the global drop in oil prices, and inflation…Read More
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Financing Framework for dealing with climate change unveiled
The Dawn (October 17, 2017)
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ISLAMABAD: Pakistan and the United Nations Development Programme (UNDP) unveiled on Monday a ‘Climate Change Financing Framework’
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(CCFF) structured to respond to climate change and promote rationalizing climate finance, starting from the planning stage and creating a robust
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monitoring system that can gauge the adequacy and effectiveness of financing. The framework aims to make existing responses to the…Read More
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Greek January-September Government Budget Surplus Slightly Below Target on Lower Revenues
The New York Times(October 16, 2017)
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ATHENS- Greece’s central government attained a primary budget surplus of 4.5 billion Euros (£4 billion) in the first nine months of the year, slightly
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below target due to lower tax revenues, finance ministry data showed on Monday. The government’s target was for a primary budget surplus – which
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excludes debt-servicing costs – of 4.556 billion Euros for the January-to-September period, meaning the surplus missed the…Read More
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J&K government issues guidelines to accelerate development works, streamline budget spending
The Indian Express (October 16, 2017)
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To streamline departmental spending in order to accelerate the pace of development works in the state, the
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Jammu and Kashmir government on Monday told all its department heads that all unutilized funds above 30 per cent of
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their respective budgetary allocation would get automatically forfeited after December 31…Read More
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The Republican budget is a gift to billionaires: it’s Robin Hood in reverse
The Guardian (October 16, 2017)
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After failing to pass a “healthcare” bill that would have thrown up to 32 million Americans off of health insurance, a bill that was more unpopular than
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the Wall Street bailout, Donald Trump and the Republican leadership in Congress are back. Now, they are pushing one of the most destructive and
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unfair budget and tax proposals in the modern history of our country – a plan that would do incalculable harm to tens of millions…Read More
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Speakers for educating on Budget tracking process
DAWN News(October 16, 2017)
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SWABI: Speakers at a workshop here on Sunday said that it would be difficult to use the available resources for solution of people’s
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problems without educating them on budget tracking process and enabling them to play their role in utilization of funds. The workshop was
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organized by Centre for Peace and Development Initiatives (CPDI) under the European-funded project titled…Read More
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State budget compromise remains elusive
The CT post(October 14, 2017)
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HARTFORD – Legislative leaders say they are making steady, if slow, progress in negotiations on the long-stalled state budget for the two fiscal
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years that started July 1.Gov. Dannel P. Malloy isn’t so sure. The governor is concerned that a compromise document on which he might be asked to
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sign off before an anticipated special session during the week of October 23 may contain unacceptable…Read More
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Portugal draft budget sees 2018 growth of 2.2 pct
Kitco News (October 13, 2017)
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LISBON, (Reuters) – Portugal’s Socialist government expects economic growth to slow to 2.2 percent in 2018,
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down from 2.6 percent this year, the government’s draft budget showed on Friday. The document forecast the budget deficit
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to fall to 1 percent of gross domestic product next year from 1.4 percent this year…Read More
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Budget 2018 criticized for leaving Louth citizens with disabilities behind
Dundalk Democrat (October 12, 2017)
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“The report revealed that according to summary results by the Central Statistics Office, based on last year’s census, there are as many as 20,662 citizens
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or 13.6% of the population of Louth/East Meath recorded as having a disability.”As the number of people affected by specific types of disabilities
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is not currently available – (this data from the 2016 census is expected in early November)-the Oireachtas Library used data…Read More
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Gross debit to soar to 68.7 percent of GDP in 2018: IMF
The Business Recorder (October 12, 2017)
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The International Monetary Fund has projected an increase in Pakistan government gross debt – by 0.7 percent – to 68.7 percent of the Gross
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Domestic Product (GDP) in 2018 against 68 percent in 2017. According to the IMF “Fiscal Monitor, tackling inequality,” it has been projected that the
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government gross debt would rise to 68.7 percent of the GDP in 2018 and then decline to 68.2 percent in 2019…Read More
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Ahead of elections: Pakistan restricts deficit, sparking hopes of fiscal discipline
Express Tribune (October 11, 2017)
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ISLAMABAD: The Pakistan government has managed to restrict the overall budget deficit to Rs324 billion in the first quarter
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in the wake of strict controls over federal development spending, giving early hopes of fiscal discipline in an election
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year. In July-September quarter of the current fiscal year, the budget deficit of Rs324 billion was equal to…Read More
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Budget Deficit Reduced to 0.9% of GDP-First Quarter FY18
The Research Snipers (October 10, 2017)
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Last year Pakistan’s budget deficit of the first quarter (July-September) of the financial year was noted at the number of rupees 438 billion whereas the
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recordings of this year are at rupees 324 billion. This year’s budget deficit is because of the vigorous tax collections and minimum spending.Talking in terms
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of GDP the deficit generally decreased to 0.9% during the July to September quarter of the running financial year as compared to the…Read More
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Delia: Budget confirms the government ‘has no plan’
Malta Today (October 09, 2017)
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Budget 2018 did not adequately address pensions, traffic and infrastructure, tourism and education, according to Opposition leader Adrian
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Delia in his first official reaction follow the budget presentation. On pensions, Delia said the government did not focus on the second pillar of healthcare. “The
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government left them where they were. The Nationalist party will see that pensioners are treated as a resource, not a burden…Read More
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PN: Budget shows government lacks a plan
The times of Malta (October 09,2017)
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The Opposition is ready to help the government because it is showing it has no plan for today, tomorrow or the future, Opposition leader Adrian
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Delia said in an initial reaction to the Budget. “If you were stuck in traffic today, you will still be stuck in traffic tomorrow. If you cannot make ends
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meet today, you will be in the same position tomorrow. If you have poor working…Read More
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