Public finance
Pakistan's adviser to the Finance Minister, Khurram Schehzad, announced that the federal budget for the fiscal year 2025-26 will be presented on June 10, a week after the release of the Pakistan Economic Survey 2024-25 on June 9. The announcement follows a statement by Planning Minister Ahsan Iqbal
Public finance
The recent revelation by BudgIT, a civil society organization, that the National Assembly inserted 11,122 projects worth N6.93 trillion into the 2025 budget has sparked outrage and calls for reform. CUPP, a coalition of united political parties, has condemned the alleged padding, describing it as an "unprecedented
Public finance
As the National Assembly (NA) Chairperson, TraoSSn Thanh Mao, emphasizes the need for strong institutional and legal reforms to propel the economy forward, the legislative body is poised to push through critical changes to remove obstacles hindering growth. The NA will focus on restructuring the Party Central Committee, National Assembly,
Public finance
Preston residents decisively voted down proposed 2025-26 town and school budgets at a referendum last Thursday, with the general government budget failing 383-188 and the school budget rejected 403-168. The large margin of defeat led the Board of Finance to convene an emergency meeting to discuss cuts to the budget.
Public finance
The House of Representatives has voted to pass a federal budget that will lead to devastating cuts to Medicaid, food assistance, and public services nationwide. The budget promises to raise prices on working families and retirees, rip lifesaving health care and food support from millions, and threaten public services nationwide.
Public finance
The UK government's borrowing increased to £20.2 billion in April, exceeding analyst predictions and raising concerns about the Chancellor's ability to meet fiscal targets. This marks the fourth-highest April borrowing figure on record, with a £1 billion increase compared to the same period last year.
Public finance
The UK Government's public sector net borrowing rose to £20.2 billion in April, the fourth-highest April figure on record, putting increased pressure on Chancellor Rachel Reeves to meet her fiscal rules. The borrowing reflects the difference between Government spending and its income, largely through tax receipts. Despite
Public finance
Microfinance sector leaders have requested the government to implement various budgetary measures in the upcoming National Budget 2025-26 to ensure the sector's sustainable financing. The measures include the establishment of a Tk 100 billion revolving Micro Loan Fund to support the sector's operations, simplified tax provisions,
Public finance
Pakistan has taken a significant step towards climate accountability with the introduction of Form-III C, a new form designed to track and classify subsidies based on their environmental impact. This move is part of the country's climate-focused fiscal reforms, building on the government's previous efforts to
Public finance
Protesters gathered outside Rep. Tom Barrett's (R-Charlotte) Lansing office on May 22, 2025, to demonstrate against his vote for the federal budget bill. The group, comprised of about 30 people, was vocal in their criticism of Barrett's stance on the bill, which they claim will have
Public finance
The U.S. Department of State, under the leadership of President and Secretary of State Marco A. Rubio, is dedicated to advancing American interests abroad through diplomacy, advocacy, and assistance. As the President's chief foreign affairs adviser, the Secretary carries out the President's foreign policies through
Public finance
Voters in East Lyme, Connecticut, approved the town's proposed 2025-26 budget of $96.7 million by a vote of 946-614, marking a 6.7% increase in spending compared to the current package. The budget allocates $63.2 million for the school district, a 5.3% increase, and $25.
