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Spending cuts

Yonkers budget debate: Higher taxes or spending cuts?

The Journal News | - ‎8 hours ago‎
Breaking the state tax cap, service cuts, layoffs or deferred spending are the tough choices facing the Yonkers City Council, which has not agreed on a budget. The City Charter calls for the annual budget to be adopted by Wednesday, but there's no ...
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House approves proposed 2017 budget with list of cuts, $143 million from Rainy Day funds

West Virginia MetroNews - ‎10 hours ago‎
CHARLESTON, W.Va. - Five weeks ahead of the start of the 2017 fiscal year in West Virginia, the House of Delegates approved a budget bill with a 61-37 vote on Friday afternoon at the State Capitol and sent it on to the Senate for consideration after ...
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Brazil: Interim President Spearheads Public Spending Cuts

PanAm Post - ‎May 25, 2016‎
EspañolInterim President of Brazil Michel Temer announced a spending plan Tuesday, May 14 that includes a series of cost-cutting measures. The decision comes after officials revealed the size of the country's public debt, which hovers somewhere around ...
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Election 2016: Budget update says big spending cuts, or tax rises, needed to reach surplus

The Sydney Morning Herald - ‎May 19, 2016‎
Treasury and finance have warned both sides of politics that big spending cuts, or higher taxes, will be essential if the budget is to be returned to surplus.
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Iraq Sticks to Oil Output Growth Plan Despite Spending Cuts

Rigzone - ‎May 24, 2016‎
Indeed, oil companies have warned Iraq that projects will be delayed if the government insists on drastic spending cuts this year.

Congress to weigh spending cuts to US securities regulator

Reuters - ‎May 24, 2016‎
The bill would also rescind leftover balances of the SEC's reserve fund, prohibit the regulator from requiring corporations to disclose political spending, and impose "reporting requirements to improve transparency, accountability, and fairness" from ...

Wave of budget cuts throughout Latin America

World Socialist Web Site - ‎21 hours ago‎
The governments of Latin America are preparing a wave of budget cuts that will impact hundreds of millions of workers across the region.

Elijah Cummings: Proposed GOP budget cuts 'ticking time bomb' for cybersecurity

Washington Times - ‎May 26, 2016‎
The top Democrat on the House Oversight Committee accused Republicans Wednesday of endangering the nation's cybersecurity as a result of GOP-sponsored spending cuts. Rep. Elijah Cummings, Maryland Democrat, blasted Republicans during a ...
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UK to lay off 75 people in plan to cut spending

WDRB - ‎8 hours ago‎
The school says the lay offs come as part of a re-organization plan to cut $6 million in spending. UK says the job losses will come from administrative and academic units, including student affairs, undergraduate education and enrollment management.
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Brexit 'could force more cuts in public spending'

Yorkshire Post - ‎May 24, 2016‎
IFS director Paul Johnson said: “Getting to budget balance from there, as the government desires, would require an additional year or two of austerity at current rates of spending cuts. “Or we could live with higher borrowing and debt.” While the ...
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House bill increases NASA planetary spending, but cuts off Asteroid Redirect Mission

SpaceNews - ‎May 23, 2016‎
House bill increases NASA planetary spending, but cuts off Asteroid Redirect Mission. by Jeff Foust - May 23, 2016. fancyARRM The report accompanying a House spending bill would provide no money for NASA's planned Asteroid Redirect Mission. Credit: ...
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EU Referendum: 30 MPs and peers demand government removes pro-EU websites by end of week - ‎May 24, 2016‎
Boris Johnson, the former London mayor, has joined 30 MPs and peers calling for the government to remove all pro-EU links on government websites by Friday.
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Abu Dhabi to ease budget spending cuts, says ratings agency Moody's

The National - ‎May 16, 2016‎
The emirate cut public spending by about 20 per cent in 2015 after the hit to oil prices led Abu Dhabi to run a fiscal deficit of 13.2 per cent of GDP that year, according to estimates from Fitch.

Qatar cuts spending on new health facilities – official

euronews - ‎May 25, 2016‎
DUBAI (Reuters) - Qatar has cut its planned spending on building healthcare facilities by about two-thirds this year following the drop in energy prices but expenditure on its World Cup-related projects should be unchanged, an official said on Wednesday.
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BP exploration boss leaves company after spending cuts: Reuters - ‎May 17, 2016‎
Late last year, Herbert told a conference in Abu Dhabi that global deflation and lower prices of goods and services should help the company to be able to invest in long-term growth while cutting costs. But BP has, nevertheless, slashed its exploration ...
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Abu Dhabi Spending Cuts May Have Exacerbated Oil-Led Slowdown

Bloomberg - ‎May 17, 2016‎
Abu Dhabi, which sits on 6 percent of global oil reserves, cut spending by a fifth in 2015 and plans a further 17 percent reduction this year, according to the government's bond prospectus.

How government spending cuts can be a catalyst for radically better public services

City A.M. - ‎May 22, 2016‎
In the fallout over the recent Budget, government spending was once again in the spotlight. But while the row centred on benefits at a national level, it's social care managed by local authorities that is currently entering a period of intense crisis ...

Salaries, Pensions Not Excluded from Automatic Spending Cuts in Greece

Greek Reporter - ‎May 19, 2016‎
Wages and pensions are not excluded from the automatic spending cuts the Greek government is obligated to make if it fails to reach fiscal targets in 2017.

CPS principals rally Wednesday, draw attention to extreme budget cuts

WLS-TV - ‎May 25, 2016‎
Chicago Public Schools principals recently received their preliminary budgets for next year, and they reflect massive spending cuts. For some schools, there are cuts of up to 40 percent in the base amount schools received for each student. On Wednesday ...