Budgets
Rwanda has set its national budget for the fiscal year 2025/26 at Rwf 7,032.5 billion, marking a 20.9% increase from the revised budget of Rwf 5,816.4 billion for 2024/25. The budget underlines the country's growing fiscal independence, with domestic revenue projected
Budgets
The UK Government is poised to unveil fresh spending plans, prompting economists to warn that Chancellor Rachel Reeves will need to implement "painful" fiscal measures in upcoming Budgets to balance the books. With the government facing pressure to meet its fiscal rules, experts suggest that tax increases are
Budgets
The recent India-Pakistan clashes have led to a substantial increase in Pakistan's defence allocation, with Finance Minister Muhammad Aurangzeb allocating Rs 2,550 billion for defence expenditure in Budget 2025-26, a 20.2% rise from last year's defence budget. This allocation accounts for 14.5% of
Budgets
Defense Secretary Pete Hegseth testified before the Senate Appropriations Committee on Wednesday, outlining the proposed $961.6 billion 2026 Department of Defense budget. Hegseth emphasized the importance of investing in national defense and improving the quality of life for military members and their families. The proposed budget request also includes
Budgets
The Lahore Chamber of Commerce and Industry (LCCI) has expressed its reservations about the federal government's latest budget, citing several issues that it believes hinder economic growth and burden businesses. The chamber's leadership, including President Mian Abuzar Shad, criticized the energy minister's performance, highlighting
Budgets
Defense Secretary Pete Hegseth testified on Capitol Hill this week to justify the Pentagon's budget request to appropriators, but his comments were met with skepticism due to the department's failure to release its full fiscal year 2026 budget and the reliance on the deeply controversial reconciliation
Budgets
The Pakistani government has unveiled a Budget 2025-26, introducing stringent taxation and enforcement measures to generate an additional Rs670 billion in revenue. The Federal Board of Revenue (FBR) has implemented several changes, including higher withholding taxes on services, e-commerce, and digital platforms, as well as a 10 percent GST on
Budgets
Michigan House Republicans proposed a $21.9 billion school aid budget on Wednesday, allocating $69.9 million from the state's general fund, a 5.5% increase from last year's approved budget. The budget would increase per-pupil funding by $558 million, providing a $417 per-pupil increase, moving
Budgets
The government's latest budgetary allocation for education raises serious concerns about its commitment to building a knowledge-based economy. Despite a nominal increase in the education budget of Tk 932 crore, the sector's share in GDP has dropped for the sixth consecutive year, falling to 1.53
Budgets
The town of Killingly passed its Board of Education budget, which includes a 5.5% tax increase, after a previous proposal failed in the town's first budget referendum last month. The $47.9 million school spending plan, combined with the $23.6 million general government budget, will total
Budgets
Kenya's Parliament finalized the 2025-2026 budgetary allocations on Tuesday, amidst a desperate plea from 8,571 Universal Health Coverage (UHC) medics gathered outside the National Assembly. These healthcare workers, hired by the government in 2020 and deployed across all 47 counties, are demanding the fulfilment of promises made
Budgets
The UK government plans to reduce its overseas aid spending, with a significant portion allocated to asylum accommodation costs, leaving less money for projects addressing child mortality, global health initiatives, and other development programs. The budget for asylum housing is set to increase from 21% to 23% of the aid
