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Spending cuts

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Labor budget reply: Bill Shorten unveils $71 billion in savings

Sydney Morning Herald - ‎16 hours ago‎
Also in Mr Shorten's sights are the business tax cuts, which became the subject of a furious political row on the final day of Parliament.
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Canada fire hit as government cut spending on prevention, planes

Reuters UK - ‎6 hours ago‎
Alberta also cut spending on contracts with private companies that operate water bombers in the province. While the cut did not affect the number of planes available to fight in Fort McMurray, the companies said it could hurt capacity in the future ...
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Shell cuts spending as profits fall

BBC News - ‎May 4, 2016‎
Royal Dutch Shell has said it will cut its spending by another 10% this year as it warned lower oil prices were continuing to affect its business.

More spending cuts at Shell after BG deal

Reuters - ‎May 4, 2016‎
More spending cuts at Shell after BG deal. 8:24am EDT - 01:38. Royal Dutch Shell has cut its 2016 spending by another 10 percent after completing the $54 billion acquisition of BG Group, warning that low oil prices will continue to weigh.
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Far-Reaching Budget Cuts Will Reduce Government Services

Hartford Courant - ‎2 hours ago‎
Dannel P. Malloy and Democratic leaders slashes hundreds of millions of dollars in state spending -- from school bus transportation and UConn to hospitals, preschools and the mentally ill.
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Corbyn rails against “devastating” impact of Tory spending cuts

LabourList - ‎May 4, 2016‎
Jeremy Corbyn today returns to his core anti-austerity message by launching a new attack on Tory spending cuts which have “devastated” public services.
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Budget 2016: Shorten to block PM's tax cuts for business

The Australian - ‎11 hours ago‎
Bill Shorten is claiming a $65 billion “budget improvement” by blocking company tax cuts and keeping the deficit levy on high-income workers, as he goes to the July 2 election promising voters that Labor has “learned the hard lessons” of its past ...

Cy-Fair ISD to consider spending cuts

Chron.com - ‎May 3, 2016‎
The expectation of a $35 million cut in state funding has Cypress-Fairbanks Independent School District seeking ways to curb spending as the administration prepares the operating budget for the 2016-17 school year. The combination of lower-than ...

Warning: UK growth could be stalling as EU referendum and Government spending cuts weigh

Herald Scotland - ‎10 hours ago‎
FEARS that UK growth could be stalling have been fuelled by a sharp slowdown in expansion of the UK's dominant services sector to its weakest pace since February 2013.
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Tax revenue fall mars gains in spending cuts

The Australian - ‎May 3, 2016‎
There are a few major savings initiatives, such as pausing the indexation of Medicare benefits, imposing a further efficiency dividend on the public service and cuts to aged-care providers. Spending restraint lifts the total impact of savings over the ...

BRIEF-Shell shares open up after spending cuts, better-than-expected Q1 results

Reuters - ‎May 4, 2016‎
BRIEF-Shell shares open up after spending cuts, better-than-expected Q1 results. May 4 Royal Dutch Shell Plc : * Shares open up 0.6 percent after co makes further spending cuts for FY, posts better-than-expected Q1 results Further company coverage: ...
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Australian treasurer sticks by spending cuts as path to surplus

Yahoo News - ‎May 2, 2016‎
CANBERRA (Reuters) - Australian Treasurer Scott Morrison said his first federal budget to be delivered later on Tuesday will plot a clear path to a return to a surplus, dismissing concerns by global ratings agencies over the country's finances ...

Pemex Chief: Mexico's Oil Giant on Track to Meet Spending-Cut Goals

Wall Street Journal - ‎May 3, 2016‎
The rescue package is conditional on Pemex cutting spending by $5.8 billion this year, around 19% of last year's total spending. Mr. Gonzalez Anaya said he was confident the company would hit the target, slashing everything from the cost of renting oil ...
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Sprint Cuts Capital Spending 36% Amid Mobile Network Overhaul

Bloomberg - ‎May 3, 2016‎
Sprint, mired in debt and losses, plans to cut spending to $3 billion from $4.7 billion in fiscal 2015. While Chief Executive Officer Marcelo Claure maintains the mobile network is state-of-the-art enough to lure customers from Verizon Communications ...
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Malloy, Legislative Leaders Reach Deal On Deep Cuts, No Tax Increases

Hartford Courant - ‎May 3, 2016‎
HARTFORD - Democratic legislative leaders announced a comprehensive budget deal late Tuesday night with Gov. Dannel P. Malloy that cuts spending deeply and does not raise taxes or fees to balance the nearly $20 billion package. After holding ...

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

Packet Online - ‎May 2, 2016‎
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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Proposed Irish government to prioritise spending over tax cuts - document

Reuters UK - ‎May 3, 2016‎
DUBLIN Ireland's proposed minority government will use at least twice as much available resources on spending increases over tax cuts, an agreement between the country's two main parties seen by Reuters showed on Tuesday. Acting Prime Minister Enda ...

Next Cuts Sales Outlook Again as Spending Outlook Worsens

Bloomberg - ‎May 4, 2016‎
“Concerns around Brexit, a slowing labor market and lackluster wage growth are weighing on the minds of consumers,” said Richard Lim, CEO of Retail Economics.

Dan Haar: Soundness Of State Budget, Number Of Job Cuts Will Unfold Slowly

Hartford Courant - ‎May 4, 2016‎
HARTFORD - There was an odd calm at the Capitol as Wednesday afternoon faded to evening, with barely more than six hours to go before the deadline for a plan to spend $19.75 billion, and details of the budget still coming together. The General ...
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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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