Tehran, Iran – Iran’s currency has been registering new lows amid ongoing economic turmoil that is also reflected in a planned budget for next year that effectively shrinks public spending. Each United States dollar was priced at about 1.36 million rials in the open market on Wednesday in Tehran, its highest rate ever, before the […]
Tag: budget
Japan’s Cabinet OKs record defense budget that aims to deter China
TOKYO — Japan’s Cabinet on Friday approved a record defense budget plan exceeding 9 trillion yen ($58 billion) for the coming year, aiming to fortify its strike-back capability and coastal defense with cruise missiles and unmanned arsenals as tensions rise in the region. The draft budget for fiscal 2026 beginning April is up 9.4% from […]
Australia news live: Labor reports $20bn in savings in mid-year budget update; Queensland driver charged with eight attempted murders after pedestrians struck | Australia news
Labor promotes $20bn in savings before mid-year budget update Tom McIlroy Ahead of Wednesday’s mid-year update to the federal budget, Labor is talking up $20bn in savings. This weekend, the government has also moved to stop huge blowouts in the cost of its home battery program, with changes due to come into force in May. […]
OBR chair Richard Hughes resigns over Budget day publishing error
Archie Mitchelland Rachel Clun,Business reporters BBC/House of Commons Richard Hughes said he took “full responsibility” for the shortcomings identified in the report; Rachel Reeves thanked him for his service The chairman of the Office for Budget Responsibility (OBR) has resigned following the Budget day error which saw a key document published early. Richard Hughes said […]
Isas, cars and pensions – how the Budget affects you and your money
Kevin PeacheyCost of living correspondent Getty Images Chancellor Rachel Reeves has announced her Budget, but details were published early by the official forecaster. Here are the key measures and how they will affect you and your money. You may pay more tax The amount of income at which you pay different rates of income tax […]
What can nervous businesses expect from the Budget?
Simon JackBusiness editor Reuters Business leaders face a nervous final few days before the chancellor’s second Budget, having borne the brunt of a brutal set of tax hikes this time last year. Firms are still reeling from those: the £25bn National Insurance increase and an inflation-busting rise in the minimum wage. Confidence in boardrooms has […]
Could the Budget help turn Generation Z into generation debt?
Ben ChuPolicy and analysis correspondent, BBC Verify Getty Images Chancellor Rachel Reeves’ upcoming Budget is expected to justify tax increases as a vital measure to keep the UK’s national debt under control. Some have argued keeping the national debt down protects the financial interests of younger people. That’s because if the country’s debt went up […]
White House explores $2,000 tariff dividend; budget experts are sceptical | Politics News
United States President Donald Trump is committed to providing Americans with $2,000 cheques using money that has come into government coffers from Trump’s tariffs. On Wednesday, White House press secretary Karoline Leavitt told reporters that Trump’s staff is exploring how to go about making the plan a reality. Recommended Stories list of 4 itemsend of […]