The budget will show whether the Tories really care about ‘just managing’ families
Frances Ryan (Thursday 9 November 2017)
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In politics, there are some ideas that are good in theory but don’t work in practice. Then there are those that were always going to cause harm but
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turn out to be more damning than even the policy’s architects could have imagined. Increasingly, the benefit freeze is the poster child for
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the latter category. The government is rightly coming under increasing pressure to halt the roll-out of universal credit.
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NDAA busts budget caps with $626 billion for defense
By Scott Maucione (November 8, 2017)
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An authorization for a nearly $700 billion defense budget, a new commercial marketplace for the Pentagon to buy from and a bigger military end
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strength may become a reality as the House and Senate finished negotiations of the 2018 defense authorization bill this week. The bill will now
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go to the House and Senate for amendments and passage before being signed into law by the president. The bill includes $692.1 billion
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Iraq cabinet plans to cut Kurdistan share in 2018 federal budget
The Reuters (November 6, 2017)
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BAGHDAD/ERBIL, Iraq (Reuters) – Iraq’s cabinet proposed on Sunday to slash the Kurdish share of the country’s revenue in the 2018 federal budget, a
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move that Kurdish officials said was aimed to further punish them for a Sept. 25 referendum on independence. A Kurdish man sells banners
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supporting the referendum for independence for Kurdistan in Erbil, Iraq September 21, 2017.
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Bountiful Budget to spur activities in 2018
The Borneo Post (November 5, 2017)
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Specialists and industry leaders were optimistic following Budget 2018’s announcement which allocated a sum of RM280.25 billion centered
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on improving the lives of Malaysians while ensuring that it covers all sectors of the economy. With overall spending allocated on areas of the economy ranging
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from education, agricultural, tourism, social subsidies to business incentives, OCBC Bank Treasury Research
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NHC approves budget for 5-year development plan, reviews ongoing projects
Daily Times (November 3, 2017)
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ISLAMABAD: Communications Minister Hafiz Abdul Karim on Thursday presided over a meeting of National Highway Council (NHC), at the Ministry of
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Communications. Communications Minister of State Muhammad Junaid Chaudhry,Communications secretary, National Highway Authority chairman and other
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members of the council participated in the meeting. The meeting gave approval
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Budget office sees higher deficit than Liberal government’s forecast
CBC news (November 1, 2017)
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The parliamentary budget overseer is predicting a budget deficit in the current fiscal year that’s almost $2 billion higher than was forecast in the
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government’s fall fiscal update last week. The latest report from the parliamentary budget officer says the deficit this year will be $20.2 billion,
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while Finance Minister Bill Morneau’s last prediction was $18.4 billion. (Morneau’s economic update also included a $1.5 billion
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How economic slowdown is weakening India’s armed forces
The dailyo (October 31, 2017)
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The debate about the turbulence in India’s economic health is worrisome for defense procurement plans. The defense budget has been
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declining over the past decades, with this year’s allocation at a record low of 1.56 per cent of the GDP. With the RBI’s latest report marking down the overall
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GDP figure for FY 2017- 18, the amount available in the government’s kitty for the next fiscal would be even lower-especially considering
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Germany to confirm size of expected budget surplus next month
The Reuters (October 30, 2017)
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BERLIN (Reuters) – Germany expects a budget surplus in 2017, but will not know its full extent until Nov. 9 when the finance ministry gets a new
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assessment of expected tax revenues, acting Finance Minister Peter Altmaier told broadcaster ARD on Sunday. A long-exposure picture shows a container
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ship, at a loading terminal, in the harbor of Hamburg, Germany April 6, 2017. REUTERS/Fabian Bimmer Altmaier declined to
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Government proposes $6B budget for 2018
The Phonm penh post (October 30, 2017)
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The Council of Ministers on Friday approved a national budget for next year that calls for more than $6 billion in spending, the largest increase ever
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proposed for the Kingdom, with big boosts for education, defense and the arts. In an executive summary of the draft law released on Friday, the
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Council of Ministers proposes raising the budget by nearly $1 billion, stating that the budget increases are necessary to run
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EU Says Concerned Over Italy’s 2018 Budget, Adding to Government’s Woes
The New York Times (October 27, 2017)
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BRUSSELS – The European Commission sent a letter on Friday to Italy’s finance minister urging clarifications over the country’s planned budget
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for 2018, adding to Rome’s headaches ahead of elections due by next May. The move could force Rome to cut expenditures or raise taxes to comply with EU
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fiscal rules. Both are unpalatable measures before elections planned by May and amid deepening political divisions
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Liberals table budget bill to join China’s Asian Infrastructure Investment Bank
The Globe and Mail (October 27, 2017)
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The Liberal government has introduced a second large budget bill that includes a new law establishing Canada’s participation in the Beijing-
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based Asian Infrastructure Investment Bank. Bill C-63, Finance Minister Bill Moreno’s second budget bill of the year, enacts a wide range of measures
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related to his March budget. Like the first budget bill, it is more than 300 pages, repeating a practice that has faced opposition
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GB Council approves Rs 2.4b budget for 2017-18
The Nation (October 26, 2017)
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SKARDU – The Gilgit-Baltistan Council on Wednesday approved a budget with a total outlay of about Rs 2.4 billion for financial year 2017-18 to
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Gilgit- Baltistan. Prime Minister Shahid Khaqan Abbasi, who is also the Chairman of the Council, chaired the meeting. The Prime Minister in his
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remarks at the meeting said that the PML-N government was committed to the
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Lockheed CEO warns of potential order hit if US ‘budget constraints’ are not fixed
CNBC (October 24, 2017)
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Lockheed Martin CEO Marillyn Hewson warned Tuesday of potential order impacts if there are federal budget constraints beyond Dec. 8. A measure passed
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last month keeps the government operating through early December but also impacts the Pentagon’s spending. The defense giant’s CEO also
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urged Congress to address the budget caps to allow for more defenses spending that she sees as “vital to
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