Latest National budgets News

European Commissioner for Values and Transparency Vera Jourova speaks during a media conference on the Rule of Law Report 2020 at EU headquarters in Brussels, Wednesday, Sept. 30, 2020. (Olivier Hoslet, Pool via AP)

EU Commission democracy report critical of Poland, Hungary

Sep. 30, 2020 12:03 PM EDT

BRUSSELS (AP) — Democratic standards are facing “important challenges” in some European Union countries, particularly in Hungary and Poland, where the judicial systems are under threat, the EU's executive commission said Wednesday in its first report on adherence to the rule of law. The...

FILE - In this June 26, 2019, file photo, aircraft maintenance engineers prepare to stow away an SH-60K helicopter on the flight deck aboard Japan's Maritime Self-Defense Force helicopter carrier JS Izumo (DDH-183) along a sea route heading northward from Brunei towards Sulu Sea. Japan's Defense Ministry is seeking a record-high budget of nearly 5.5 trillion yen ($55 billion) for fiscal 2021 fund more purchases of costly American stealth fighters and expand its capability to counter possible threats in both cyber and outer space.(AP Photo/Emily Wang, File)

Japan military seeks record budget amid regional threats

Sep. 30, 2020 3:48 AM EDT

TOKYO (AP) — Japan's Defense Ministry is seeking a record-high budget of nearly 5.5 trillion yen ($55 billion) for fiscal 2021 to fund more purchases of costly American stealth fighters and expand its capability to counter possible threats in both cyber and outer space. The budget request made public...

German Finance Minister Olaf Scholz, right, delivers a speech during a budget debate as part of a meeting of the German federal parliament, Bundestag, at the Reichstag building in Berlin, Germany, Tuesday, Sept. 29, 2020. At left is German Chancellor Angela Merkel. (AP Photo/Michael Sohn)

German minister says debt won't reach financial crisis level

Sep. 29, 2020 4:45 PM EDT

BERLIN (AP) — Germany's debt load won't reach the level it did in the financial crisis a decade ago as a result of the coronavirus pandemic, the finance minister said Tuesday, and it will still look better than that of Germany's peers in the Group of Seven did before the virus outbreak. Olaf Scholz was...

PM: Polish economy may shrink less than 3.5% this year

Sep. 28, 2020 1:03 PM EDT

WARSAW, Poland (AP) — Poland's economy could decline less than 3.5% this year even despite the coronavirus pandemic, while next year should see a definite rebound, the country's prime minister declared Monday. Prime Minister Mateusz Morawiecki spoke after a government meeting that amended this...

Diners eat lunch before the closure of restaurants and bars, in Marseille, southern France, Sunday Sept. 27, 2020. As restaurants and bars in Marseille prepared Sunday to shut down for a week as part of scattered new French virus restrictions, Health Minister Olivier Veran insisted that the country plans no fresh lockdowns. (AP Photo/Daniel Cole)

France to release $49 billion in economic stimulus next year

Sep. 28, 2020 10:03 AM EDT

PARIS (AP) — France's government presented its 2021 budget on Monday, a plan that aims to rescue the country's beleaguered economy from the impact of the coronavirus pandemic by injecting a 42 billion-euro ($49 billion) stimulus next year. Finance Minister Bruno Le Maire said “we are convinced that...

Olaf Scholz, Federal Minister of Finance, attends the meeting of the Federal Cabinet in the Federal Chancellery in Berlin, Germany, Sept. 23, 2020. (Kay Nietfeld/dpa via AP)

German Cabinet approves 2021 budget with high borrowing

Sep. 23, 2020 9:02 AM EDT

Germany's Cabinet on Wednesday approved a 2021 budget that foresees significant borrowing for the second consecutive year as Europe's biggest economy tries to lessen the fallout of the coronavirus crisis. The budget plan calls for spending of 413.4 billion euros ($485 billion) next year, down from this year's...

House Speaker Nancy Pelosi of Calif., speaks during a news conference on Capitol Hill, Friday, Sept. 18, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)

House easily passes stopgap funding bill, averting shutdown

Sep. 22, 2020 9:26 PM EDT

WASHINGTON (AP) — In a sweeping bipartisan vote that takes a government shutdown off the table, the House passed a temporary government-wide funding bill Tuesday night, shortly after President Donald Trump prevailed in a behind-the-scenes fight over his farm bailout. The stopgap measure will keep federal...

House Speaker Nancy Pelosi of Calif., speaks during a news conference on Capitol Hill, Friday, Sept. 18, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)

Democrats unveil temporary funding bill to avert shutdown

Sep. 21, 2020 4:54 PM EDT

WASHINGTON (AP) — Democrats controlling the House unveiled a government-wide temporary funding bill on Monday that would keep federal agencies fully up and running into December. The measure would prevent a partial shutdown of the government after the current budget year expires at the end of the month,...

Resplendent in orange suit, tie and shoes and a black hat with gold bow and protected by a homemade

Dutch government unveils budget overshadowed by virus

Sep. 15, 2020 10:54 AM EDT

THE HAGUE, Netherlands (AP) — The Dutch government plans to invest in protecting jobs and businesses during the coronavirus crisis but warned Tuesday as it laid out its spending plans for the coming year that the Netherlands must brace for the harsh economic impact of the pandemic. Public health...

FILE - In this April 29, 2020 file photo, a man wearing a mask to protect against coronavirus, waits to cross the street as a digital sign displays groups of people walking above another sign displaying the size of the national debt along an empty K Street in Washington.  The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday, Sept. 11.  (AP Photo/Andrew Harnik, File)

US budget deficit hits record $3 trillion through 11 months

Sep. 11, 2020 10:39 PM EDT

WASHINGTON (AP) — The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday. The ocean of red ink is a product of the government's massive spending to try to cushion the impact of a coronavirus-fueled recession that has cost...