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The Latest Breaking News from Budget

Arrington sets House budget resolution markup next week - Roll Call

The House Budget panel plans to mark up a fiscal 2024 budget resolution Sept. 20, ending months of skepticism about whether it would happen.

Roll Call

Kalaignar Magalir Urimai Thogai is a massive, one-of-its-kind, data driven scheme: T.N. Finance Minister Thangam Thennarasu

Tamil Nadu Finance Minister Thangam Thennarasu in an interview with The Hindu spoke about issues related to GST, and managing revenue deficit and borrowings.

The Hindu

Chicago facing 2024 budget shortfall of $538 million — more than a third of it tied to migrant crisis

Mayor Brandon Johnson didn’t take his predecessor’s word for it when Mayor Lori Lightfoot said she’d left the city in great financial shape, with an $85 million shortfall. And it’s a good thing the new mayor was skeptical, his top aides told some City Council members in a budget briefing.

Chicago Sun-Times

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Recession to end but Govt surplus delayed a year

The pre-election forecasts offer a rosier picture of the economy, with wages growing ahead of inflation, but tougher times for the Government’s own books.

Newsroom.co.nz

Comptroller candidate grilled, then approved, by City Council committee

Ald. Ray Lopez asked Chasse Rehwinkel about social media posts made while campaigning for candidates who want to cut the Chicago Police Department budget.

Chicago Sun-Times

'No decisions' made yet on tax rises at next Scottish Budget, says Shona Robison

FINANCE Secretary Shona Robison has said there have been “no decisions” made yet regarding raising taxes at the next Budget.

The National (Scotland)

Call gets louder for bigger ro-ro ferry, underwater tunnel in Vypeen-Fort Kochi corridor

With the government not handing over ₹10 crore announced in the Budget to procure the third ferry, it was decided earlier this month to source the sum from Cochin Smart Mission Limited

The Hindu

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Rethink the emerging dynamics of India’s fiscal federalism

The dynamics of the emerging fiscal federalism of India entails significant rethinking especially in the context of the 16th Finance Commission

The Hindu

OPINION - Even if you hate Ulez, you should be angry that central government tried to block it

George Osborne used to tell the world’s most expensive jokes. At the 2015 Budget, the then-chancellor said £1 million would be spent to commemorate the 600th anniversary of the Battle of Agincourt, primarily to land a gag about a Labour-SNP alliance. Further public money was allocated to reducing tolls on…

Evening Standard

Freeze release of funds under SDF to prevent squandering of public money: FGG

The Hindu

How the Tamil Nadu Assembly dealt with the March 25, 1989 event

The Hindu

UK cuts pothole repair spending more than many other major nations – report

Expenditure on local road maintenance in the UK fell from £4 billion in 2006 to £2 billion in 2019, the Local Government Association said.

The Independent UK

In Telangana, few funds, but many promises

With more welfare schemes likely to be announced in Telangana, the government would do well in making sure that its finances are in place before any announcement is made

The Hindu

There is no question of misusing SCP&TSP funds, says Mahadevappa

Minister for Social Welfare H.C. Mahadevappa on Sunday ruled out the possibility of misuse of Special Component Plan (SCP) for development of Scheduled Castes and Tribal Sub Plan (TSP) for development of Scheduled Tribes.

The Hindu

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The Hindu

Keep austerity in mind when preparing 2024-25 Budget proposals, says Finance department

Finance Dept. urges govt. depts. to prepare 2024-25 Budget with extreme austerity. Estimates must be realistic & accurate, revenue & dues to be accelerated. Economy measures may require dropping uneconomical schemes & putting off activities. Deadline for non-plan expenditure is Sept. 5, plan expenditure Sept. 10 & revenue estimates &…

Chicago Sun-Times

In some city wards, residents vote on how tax money is spent. Should all Chicagoans get a seat at the budget table?

So-called participatory budgeting, in which residents vote on spending projects in their wards, started in the United States in Chicago, but its growth has stalled.

Newsroom.co.nz

Dissenters Robertson and Parker ought to resign as ministers

Grant Robertson is just as compromised as David Parker in his position on the wealth and capital gains tax and should also stand aside. But because Hipkins has already faced more Cabinet upheavals than any modern PM, Robertson survives

The Hindu

Khader says suspension of BJP MLAs during Budget session was ‘minimum action’

Speaker U.T. Khader defended suspension of 10 BJP MLAs for their "indecent and disrespectful conduct" of tearing up bills and hurling them at the Chair. He said the action was taken to ensure discipline among the lawmakers and appealed to them not to politicise the issue. He met Governor Thaawarchand…

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The Hindu

CM projects Universal Basic Income concept being implemented through guarantees as ‘Karnataka model of development’

CM Siddaramaiah seeks to project Karnataka's Universal Basic Income concept as "model of development" vs. BJP's "Gujarat model". He claims it is the "biggest ever welfare measure" implemented by any State in India. He accuses BJP of robbing from poor people and reducing tax burden of corporates. He claims Karnataka…

Newsroom.co.nz

Budget docs reveal pressing need for transport funding overhaul

Officials warned the finance minister that transport funding should not be coming from supplementary Budget bids, reports Emma Hatton

Newsroom.co.nz

Climate effects of Budget 'very small' – officials

Ministers were told the greenhouse emissions impacts of the climate spend in Budget 2023 would be 'minimal' and take time to materialise, writes Marc Daalder

The Hindu

Matru Poorna and Matru Vandana schemes to continue: Minister

Minister Laxmi Hebbalkar dismisses reports of dropping Matru Poorna & Matru Vandana schemes; assures adequate grants & effective implementation. PMMVY provides cash incentive of ₹5,000 to pregnant & lactating women; probe ordered into allegations of rotten eggs supplied to anganwadis & schools.

The Hindu

KRRS demands increase in support price for copra

Contending that the minimum support price (MSP) for copra fixed by the Centre was far less than the cost of cultivation, Karnataka Rajya Raitha Sangha (KRRS) has sought an immediate increase in the MSP and financial assistance by the State government.

The Hindu

Cong. has not fulfilled many of its promises, alleges Ayanur Manjunath

Former MP and JD(S) leader Ayanur Manjunath has said that the Congress government has not fulfilled many promises made during the elections.

The Hindu

Activists to meet Siddaramaiah over non-allocation of funds for conservation of heritage structures in Mysuru

Stung by lack of budgetary allocation for upkeep of heritage structures in Mysuru, a delegation of stakeholders will meet Chief Minister Siddaramaiah to drive home the imperatives of conservation.

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