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Spending cuts

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IMF calls for more government spending as rate cuts lose their impact

The Guardian - ‎7 hours ago‎
The International Monetary Fund has called on G20 nations to boost government spending as the impact of ultra-low interest rates begins to reach its limits in developed countries.

Employers' Council starts campaign for huge spending cuts

The Telegram - ‎6 hours ago‎
Alexander said he's hopeful the government will press for deep cuts to public spending in that second budget. “Would it be bad for our province to have spending of the average Canadian province? We don't think so,” Alexander said. In fact, according to ...

Wasteful Spending for Trump to Cut

Cato Institute (blog) - ‎19 hours ago‎
Presidential candidate Donald Trump says that he will balance the federal budget while also cutting taxes. Given that the gap between federal spending and revenues is more than $500 billion and rising, he is going to need lots of spending cuts to make ...
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Budget plan includes more police officers despite citywide spending cuts

Columbia Daily Tribune - ‎18 hours ago‎
Departments making cuts have mostly been “nickel and dime-ing” projects and spending to save money, Matthes said, though not every budget cut proposal was approved. The police department, for example, planned to cushion some of about $840,000 in ...
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Russia mulling 'energy, sports, industry spending cuts'

CNBC - ‎Jul 20, 2016‎
Russian government officials have begun a series of talks to discuss spending cuts to energy, sports, science, industry and transport, according to Russian media reports.

Saskatchewan health region takes scalpel to spending, but no job cuts

Winnipeg Free Press - ‎Jul 21, 2016‎
REGINA - The Regina Qu'Appelle Health Region says it hopes to be operating in the black by the end of its next fiscal year, despite tough economic times and a growing population.
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IMF calls for more UAE government spending cuts amid slowing growth forecast

The National - ‎Jul 21, 2016‎
The IMF confirmed its forecast for a sharp slowdown in economic growth in the UAE this year and called for further government spending cuts to deal with the adjustment to a lower oil revenue future. The IMF executive board report, which is the ...

City council looks for spending cuts

Toronto Sun - ‎Jul 12, 2016‎
Mayor John Tory has insisted officials cut waste at City Hall before council debates creating new taxes or tolls to pay for $29 billion of unfunded capital projects.

WeWork Cuts Forecasts As Staff Told To Change 'Spending Culture'

Investor's Business Daily - ‎Jul 22, 2016‎
WeWork Cos., one of the most valuable venture-backed private companies, cut forecasts earlier this year and told employees it has to change its "spending culture" to continue to thrive, according to a company document and video recordings obtained by ...
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Trump's Massive Tax Cuts and New Spending Alarm Fiscal Conservatives

The Fiscal Times - ‎17 hours ago‎
But for the next 74 minutes or so, Trump spun out a hodgepodge of spending and tax cut proposals that cheered many of the convention goers but alarmed fiscal conservatives who warned that Trump could drive the debt much higher if he is elected ...
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BHP Says 2017 Iron Ore Output May Be Flat, Cuts Oil Spending

Bloomberg - ‎Jul 20, 2016‎
Capital spending on oil assets will plunge 44 percent to about $1.4 billion in the year, after petroleum output slumped 11 percent to 56 million barrels of oil equivalent in the three months ended June 30, Melbourne-based BHP said Wednesday in a statement.
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Alaskans Brace for Spending Cuts as Oil Prices Tumble

New York Times - ‎Jul 15, 2016‎
Gov. Bill Walker of Alaska with Lt. Gov. Byron I. Mallott last month. Credit Dan Joling/Associated Press. The impact of falling oil prices in Alaska, which has seemed for many residents like a distant worry until now, is about to land.

Oil spending cuts bring more stability to volatile industry

Houston Chronicle - ‎Jul 18, 2016‎
The industry cut spending faster than it lost money on expensive shale plays. Thirty-nine companies surveyed by the Energy Information Administration spent about $60 billion just before oil prices crashed, and they collected about $40 billion in income.
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WeWork Reportedly Cuts Projections as CEO Pulls Back on 'Spending Culture'

Fortune - ‎Jul 15, 2016‎
In the video of all-hands meeting at the company obtained by Bloomberg, WeWork co-founder and CEO Adam Neumann urged the company to cut back on spending. “We did not use to be this way,” he said. “We used to fight for every dollar. We did not spend.
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Drillers closing financial gap with spending cuts

FuelFix (blog) - ‎Jul 18, 2016‎
HOUSTON - After two years of deep spending cuts, U.S. oil companies have reduced a big gap between the cash they spend on drilling and the income from producing oil.
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Brexit has prompted cuts in spending and hiring, UK CFOs say

The Independent - ‎Jul 18, 2016‎
Business confidence among UK chief financial officers plunged in the wake of the country's vote to leave the European Union, with more than four in five expecting to cut capital spending and reduce hiring over the next year, a survey showed. Accounting ...

Credit rating: Spending cuts to fix budget must be Government priority says KPMG

ABC Online - ‎Jul 13, 2016‎
Financial services firm KPMG said the least damaging choice for the Government is to cut spending rather than raise taxes. KPMG chief economist Brendan Rynne said there are no easy options, but deep cuts to public expenditure are the "least worst" option.
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Spending cut impact on environmental targets 'likely' - ‎Jul 20, 2016‎
Cuts outlined by the Treasury in its Autumn 2015 spending review are likely to slow progress towards meeting environmental targets, the National Audit Office warned today (20 July).
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Gordhan hints at spending cuts as he watches growth

BDlive - ‎Jul 12, 2016‎
The government has already announced significant cuts to spending and has raised taxes, and Gordhan's latest comments at a South African Chamber of Commerce and Industry meeting on Tuesday suggest that even more spending cuts may be needed.

Unique austerity exhibition documents personal impact of spending cuts

The University of Manchester (press release) - ‎Jul 11, 2016‎
A unique and innovative research project into the social impact of spending cuts to communities and families in Manchester has been turned into the UK's first multisensory exhibition on the issue of austerity.