The Japanese Ministry of Defense will pursue a record 7 trillion budget for FY2024.

The Defense Ministry will request a record-breaking budget of over 7 trillion yen for the next fiscal year, according to a source with knowledge of the matter. This is in line with Japan's new security strategy to ultimately double its annual defense expenditures.

If the request is ...

Germany is in a slump, so Berlin is getting ready for a fight over budget cuts.

For the first time in almost a decade, Europe's biggest economy has money problems, and it's up to three fighting parties to fix them.

Official numbers released Thursday show that Germany is now in a recession. During the first quarter of the year, the country's gross domest...

Biden desires a $886 billion defence budget with a view toward Ukraine and future conflicts.

UNITED STATES OF AMERICA, March 13 (Reuters) Russia's war in Ukraine has prompted calls for increased spending on munitions, and President Joe Biden has requested $886 billion, the largest peacetime U.S. military budget. This proposal includes a 5.2% pay raise for troops and the largest alloc...

Plan for the Federal Budget: Advice for Option Traders

Both the Sensex and the Nifty have dropped by about 3 percent so far this month, and investors are waiting for the important Budget day, which will determine the near-term direction of markets. Futures and options traders, though, will be seeking methods to survive the day's uncertainty. Risi...

French medical testing facilities are on strike over funding issues.

Since Monday, a widespread strike has been ongoing in the French medical testing centres, often known as medical "laboratories." As a form of protest against the government's decision to lower their budget in the 2023 social security finance bill, workers have announced a strike tha...

France's top budget aim for 2023 is reportedly lowering inflation

France's finance minister stressed the importance of fighting inflation on Monday as he presented a 2023 budget that faces "exceptional uncertainty" as a result of Russia's war in Ukraine.

While presenting the 2023 budget plan, French Finance Minister Bruno Le Maire to...

On the budget, the Prime Minister and the opposition are at odds

The opposition attacked the 2023 budget bill, claiming that coalition parties are holding the government hostage over budget allocations, while Prime Minister Prayut Chan-o-cha supported it, claiming that Thailand still has strong financial and foreign reserve positions.

On Tuesday, the...

The Australian budget 'supports the gas industry and emission reductions

The oil and gas industry group supports the federal government's route to net-zero emissions.

The Australian upstream oil and gas sector has endorsed the federal government's annual budget, stating that it confirmed natural gas's importance to the economy and carbon reductio...

Health Budget Surpasses 132 billion Dollars as Australia’s Treasury Expects Another COVID Wave

The Australian government expects another wave of Covid-19 to hit this winter adding pressure on supply chains and causing high rates of absenteeism.

The government has also forecasted that the economic impact of these outbreaks will continue to lower however, it has also raised the pos...

The Australian Upcoming Budget Attracts Several Funding Submissions

As there is a new budget coming for Australia, the wish list of its research community includes an increase in the funding for National Health and Medical Research Council (NHMRC), an escalation in rural health research investment and an expansion of the Cooperative Research Centres programme.

Thailand’s Healthcare Budget for 2023

On Thursday Thailand’s Minister of Public Health, Anutin Charnvirakul, headed a meeting to discuss the healthcare budget of the country for the year 2023. The ministry came up with a figure of 207 billion baht to add the testing and treatment of COVID-19 to the benefits of universal healthc...

Kishida's cabinet to approve stimulus package of 55.7 trillion yen

Fumio Kishida's cabinet has decided to approve an economic stimulus  package of 55.7 trillion yen this fiscal year. They have planned on using this amount for recovering the economy from the impact of the Covid-19. 
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Japanese Defence Ministry seeks a rise in the military budget this year

Highlights

• The Defense Ministry has asked for 2.6% increase in budget this year
• Japan has been spending more on research and development

Japan’s Defence Ministry has asked for more funds in this year’s budget, as they are...

THREE-YEAR BUDGET GRANTED FOR HIGH-PERFORMANCE AUSTRALIAN SPORT

Highlights:

• The three-year budget for the high-performance Australian sport has been future-proofed
• A boost of 132.8 million dollars had been granted for the high-performance sports for the next three-years

The Australian high-perfor...

JAPAN GOVT. OUTSTANDING LONG-TERM DEBT TO REACH $9.12 TRILLION

Highlights –

• Japan govt. outstanding long-term debt to reach $9.12 trillion.
• The debt is said to be the worst among developed countries.
• The Japan parliament passed the budget for fiscal 2021, with a record 106.61 trillion yen.
...

JAPAN GOVT. PASSED A BUDGET OF $976 BILLION FOR FISCAL 2021

Highlights –

• Japan govt. passed a budget of $976 billion for fiscal 2021.
• The amount would be used to mitigate the fallout from the coronavirus pandemic.
• Part of the budget will also be used in rising social security and defense costs...

CHINA INCREASES ITS DEFENSE SPENDING BY 6.8% FOR FISCAL 2021

Highlights –

• China increases its defense spending by 6.8% for fiscal 2021.
• The country plans to upgrade the armed forces despite the high government debt and impact of COVID-19.
• China is known for having the second-largest defense bud...

HONG KONG $5000 SPENDING COUPONS AS PANDEMIC STILL PREVALENT

HIGHLIGHTS

• Hong Kong Financial Secretary Paul Chan has declared that Hong Kong's economy contracted by 6.1 percent in 2020-21 – the biggest monetary decrease on record

With the pandemic waiting, our economy is on the way out of the do...

$1.9 TRILLION STIMULUS PACKAGE’S FINAL BILL BEING DRAFTED

Highlights:

•             Biden’s stimulus package will be the first delivery of his promises

•             The bill has to be passed as soon...

INDIAN GOVT. FIRM ON BANNING CRYPTOCURRENCIES

Highlights:

• The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 will be introduced in the budget session
• Investors are likely to be given 6 months to take care of their cryptocurrencies

India's stand on cryptocurrencies remai...