Stories tagged “Government Spending.”
11 stories
Chancellor John Healey will present Labour's first Budget on October 28, balancing household support with fiscal rules amid high borrowing costs. Speculation includes a first-time buyer scheme and potential Capital Gains Tax changes.
Nigerian federal ministries, departments, and agencies (MDAs) spent at least N50.41 billion on foreign trips, air tickets, and allowances between June 2023 and June 2026, according to a report by The PUNCH based on GovSpend data.
The UK state pension is expected to increase by £488 annually from April, potentially pushing the full flat-rate pension above £13,000 a year. This rise, driven by the triple lock policy, is reigniting debates about its long-term affordability and generational fairness.
The UK state pension is set to rise by £488 a year for the new flat-rate pension due to the 'triple lock' mechanism, which guarantees annual increases based on inflation, wage growth, or 2.5%, whichever is highest.
UK Prime Minister Andy Burnham is calling for a "culture shift" in how Britain conducts business, emphasizing government support for risk-takers and empowering local leaders, ahead of a meeting with top CEOs.
China's National Development and Reform Commission (NDRC) has allocated 20 million yuan in central budget investment to support emergency recovery efforts in Jiangxi Province following recent heavy rain and flood disasters.
Yobe govt spends N360m annually on free dialysis scheme
The Yobe State government allocates N360 million annually to provide free dialysis services at the Yobe State University Teaching Hospital (YSUTH), conducting 600-700 sessions monthly.
Japan's FY2027 budget requests to top ¥130 tril for new record high
Japan's budget requests from ministries and agencies for fiscal 2027 are set to top 130 trillion yen, significantly higher than last year's record of 122 trillion yen. The government's promotion of growth investment and securing funds for policies needing multiyear implem…
The US national debt has surpassed $40 trillion for the first time, raising concerns about a fiscal crisis as government spending outpaces revenue. The debt has doubled since 2017, with a significant increase during the COVID-19 pandemic and big-ticket outlays for infrast…
The US states' debt has surpassed 40 trillion dollars for the first time, with a 2.9 billion dollar increase in a year. The debt is attributed to the Zollpolitik of US President Donald Trump, long-term payment commitments in social security and healthcare, and rising inte…
The Executive Chairman of the Nigeria Revenue Service, Zacch Adedeji, defended President Bola Tinubu against claims of lavish living, stating Tinubu walks to his office, eats once daily, and has not traveled abroad recently, amidst public debate on government spending and…