Latest Fiscal policy News

China's Xi visits Saudi Arabia to cement Gulf Arab ties

Dec. 07, 2022 10:12 AM EST

DUBAI, United Arab Emirates (AP) — Chinese leader Xi Jinping arrived in Saudi Arabia on Wednesday to attend meetings with oil-rich Gulf Arab nations crucial to his country's energy supplies as Beijing tries to revive an economy battered by its strict coronavirus measures. Saudi...

Mississippi budget blueprint has slight spending increases

Dec. 06, 2022 17:14 PM EST

JACKSON, Miss. (AP) — Top legislators are recommending only a slight increase in Mississippi state government spending for the coming year, even as Republican House Speaker Philip Gunn renews his push to eliminate the state income tax. Mississippi's 2023 budget year ends June 30,...

Japan OKs $216B extra budget to counter impact of inflation

Dec. 02, 2022 06:24 AM EST

TOKYO (AP) — Japan’s parliament approved a hefty 29 trillion yen ($216 billion) supplementary budget Friday aimed at countering the blow to household finances from rising food and utility costs and the weaker yen. It is the second batch of supplementary spending this year to...

UK voters warm to new leader Sunak, but not to his party

Nov. 25, 2022 02:22 AM EST

LONDON (AP) — Rishi Sunak has been Britain’s prime minister for a month. In the tumultuous world of U.K. politics in 2022, that’s an achievement. Sunak, who took office a month ago Friday on Oct. 25, has steadied the nation after the brief term of predecessor Liz Truss....

New Malaysian PM Anwar vows to heal divided nation, economy

Nov. 24, 2022 19:32 PM EST

KUALA LUMPUR, Malaysia (AP) — Long-time reformist leader Anwar Ibrahim was sworn in as Malaysia's prime minister Thursday and vowed to heal a racially divided nation, fight corruption and revive an economy struggling with the rising cost of living. His rise to the top a was a...

UK push to restore finances means higher taxes, energy bills

Nov. 17, 2022 12:08 PM EST

LONDON (AP) — Millions of people across Britain face higher taxes and energy bills after the government on Thursday announced an emergency budget focused on restoring the country’s financial credibility and bolstering an economy battered by soaring inflation. Treasury chief...

Kansas GOP pins Democratic governor's win on lawmaker's run

Nov. 16, 2022 16:23 PM EST

TOPEKA, Kan. (AP) — A state senator many Republicans see as the spoiler in the Kansas governor’s race has a long history of irritating GOP leaders, once even daring colleagues to smell a jar of catfish stink bait he’d brought to a tax debate. More recently during a...

Documents show big foreign gov't spending at Trump hotel

Nov. 15, 2022 14:20 PM EST

NEW YORK (AP) — The Trump hotel in Washington took in more than $750,000 from six foreign governments at sensitive moments in their U.S. relations, with guests spending as much as $10,000 per room a night, according to documents from the Trump family company's former accountants released Monday...

Britain's vulnerable await PM's spending plans with anxiety

Nov. 15, 2022 02:44 AM EST

LONDON (AP) — Thirugnanam Sureshan maneuvers his wheelchair into the tiny kitchen of his one-bedroom apartment, flips the switch on an electric kettle and brews a mug of instant coffee. It’s his second hot drink of the day, and it will be his last. The humble countertop kettle...

UK’s self-billed 'Scrooge' promises tax rises, spending cuts

Nov. 13, 2022 11:44 AM EST

LONDON (AP) — Britain’s Treasury chief warned Sunday of a coming spending crunch and tax increases for cash-strapped Britons as he bids to fill the “black hole” in the country’s finances. Billing himself as a “Scrooge” figure ahead of Thursday’s Autumn Statement, when...