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Spending cuts

PRINCETON: Council uses accounting gimmicks, not spending cuts, to increase budget surplus

Packet Online - ‎3 hours ago‎
Princeton officials, concerned about the long-term fiscal health of the town, will move money around the proposed $61.9 million budget to increase its surplus, or municipal savings, fund for next year. The Princeton Council is due to adopt the budget ...
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Budget 2016: $10m turnover cut-off for business tax cut

The Australian Financial Review - ‎9 hours ago‎
Thousands more businesses will receive an up-front tax cut in the federal budget, when the government grants a new lower company rate and generous equipment write-offs to those with a turnover of up to $10 million.

Budget 2016: Tax cuts and metro rail spending on the table

The Australian Financial Review - ‎May 1, 2016‎
Budget 2016: Tax cuts and metro rail spending on the table. Share; Share via Email · Share on Google Plus · Post on facebook wall · Share on twitter · Post to Linkedin · Share on Reddit.
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BP prepares deeper spending cuts as profits fall 80%

The Guardian - ‎Apr 26, 2016‎
The oil and gas company said it had already cut spending in the first quarter of the year, and expected to spend a total of $17bn (£11.7bn) in 2016.
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Northern Kentucky University, Gateway adjusting to deep state spending cuts

WCPO - ‎12 hours ago‎
While colleges in Ohio welcome new cash from the state, Northern Kentucky University and Gateway are cutting jobs and spending as Kentucky continues an eight-year retreat from investing in higher education. Kentucky's new two-year budget calls for ...

ConocoPhillips cuts spending further, posts loss

Midland Reporter-Telegram - ‎5 hours ago‎
The 2016 capital budget was lowered by 11 percent to $5.7 billion, primarily driven by cuts to deep-water exploration activity, deferrals and lower costs across the portfolio, the Houston-based company said in a statement.
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Kansas Legislature Agrees To Budget Cuts, Leaves More For Brownback To Trim

KCUR - ‎10 hours ago‎
Kansas lawmakers struggled over the weekend working late nights trying to craft a budget solution. Ultimately, they approved a plan in the early hours of Monday morning.
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Ontario doctors rally over spending cuts

CTV News - ‎Apr 23, 2016‎
TORONTO -- Several hundred doctors and patients gathered outside the Ontario legislature on Saturday, calling for the governing Liberal party to "fund health, not scandals.

Spending Cuts May Speed Up Croatia's Euro Entry, Minister Says

Bloomberg - ‎Apr 28, 2016‎
Croatia plans to cut spending and reduce the budget deficit as part of an economic overhaul that the government expects to pave the way for euro adoption.

Letters on state spending, budget cuts, human trafficking

Wichita Eagle - ‎18 hours ago‎
Over the past several months, an unparalleled amount of attention has been granted to a budget “shortfall” in the state of Kansas.
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Potash Corp. cuts guidance and lowers spending, but sees silver lining as prices stabilize

Financial Post - ‎Apr 28, 2016‎
The company also cut capital spending by US$100 million on Thursday. The key silver lining for Potash Corp. and its peers is that the market finally appears to be turning a corner.
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Bare-Bones Customer Spending Cuts Deeply Into National Oilwell Varco, Inc.'s Results

Motley Fool - ‎Apr 28, 2016‎
Renewed pressure on oil prices last quarter resulted in very weak oil-field activities. Those weak market conditions had a very deep impact on National Oilwell Varco's (NYSE:NOV) first-quarter results, which were released before the market opened on ...
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Kansas Senator says it's OK to leave budget cuts up to governor

KSN-TV - ‎Apr 30, 2016‎
Jim Denning of Overland Park said Saturday that a plan will leave some spending cuts to Brownback because he won't back off one of his signature income tax cuts.

Spending cuts lead KT's profit in Q1

Korea Times - ‎Apr 29, 2016‎
KT has posted a first-quarter operating profit of 385.1 billion won ($339.53 million), up 22.8 percent from a year ago, largely thanks to marketing spending cuts. "We have seen both sales and the number of subscribers increase in our key businesses ...
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Connecticut Budget Deficit Grows ... and is Expected to Keep Growing

Patch.com - ‎May 1, 2016‎
HARTFORD, CT - There seems to be no end in sight to the state's budget crisis, with current projections showing the deficit this year has nearly doubled and disagreements persisting among Democratic leaders on future spending cuts, leaving some to ...

Military Update: House defense spending plan rejects benefit cuts for troops, veterans

Colorado Springs Gazette - ‎May 1, 2016‎
With U.S. forces still at war and House members up for re-election in November, the House Armed Services Committee rejected almost every idea the Obama administration proposed in its 2017 budget request to dampen military compensation and apply ...
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Drain on Saudi Foreign Assets Slows as Government Cuts Spending

Bloomberg - ‎Apr 28, 2016‎
... $50 a barrel pummeled state finances, forcing officials to rein in spending and re-evaluate government projects. In December, authorities announced a series of economic measures, including subsidy cuts as well as plans to introduce value-added ...

BP eyes more spending cuts

Reuters - ‎Apr 26, 2016‎
BP says it could cut capital spending further after reporting an 80 percent drop in profits in the first quarter of the year, when oil prices touched a near 13-year low.
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Argentinians protest against govt. spending cuts, lay-offs

Press TV - ‎Apr 29, 2016‎
Thousands of people in Argentina have held a demonstration to voice their dissatisfaction with inflation and cuts to public sector jobs under the newly-elected government of President Mauricio Macri.

BP Plc (BP) Eyes Deeper Spending Cuts In 2016 As Low Oil Prices, Deepwater Horizon Disaster Costs Batter Earnings

International Business Times - ‎Apr 26, 2016‎
British oil giant BP said Tuesday it could slash capital spending further this year as weaker oil and gas prices continue to drag down earnings.
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