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budget

Budget deficit hits Rs 922bn in five months
Budget

Budget deficit hits Rs 922bn in five months

  • According to Finance Ministry figures, the federal government's expenditure during the last five months was Rs 2.4 trillion, of which Rs 244 billion was spent on debt repayment.
Published 14 Jan, 2021 02:40pm
U.S, Israel’s bid to oppose U.N’s annual budget over alleged bias against Jerusalem receives no support at the forum
World

U.S, Israel’s bid to oppose U.N’s annual budget over alleged bias against Jerusalem receives no support at the forum

  • On Thursday, the outgoing Trump Administration launched a last ditch appeal supporting Israel in the United Nations, by voting against the organisation's annual budget - which found no international support.
  • As a result, the United Nations General Assembly approving a $3.231 billion budget for 2021, with 167 nations in favour and only the United States and Israel in contention.
Updated 01 Jan, 2021 12:21pm
Dubai ruler approves $15.5 billion budget for 2021 as economic recovery seen
World

Dubai ruler approves $15.5 billion budget for 2021 as economic recovery seen

  • The statement did not give a comparison to actual spending in 2020, but the size of the 2021 budget is 14 percent below the 66.4 billion dirhams it had set for 2020
  • The budget takes into account the exceptional economic conditions of the fiscal year 2020 and the repercussions of the pandemic on the global economy
Published 27 Dec, 2020 02:44pm
Japan sets record $52 billion military budget with stealth jets, long-range missiles
World

Japan sets record $52 billion military budget with stealth jets, long-range missiles

  • Japanese Prime Minister Yoshihide Suga’s government approved a ninth consecutive rise in military spending on Monday, funding the development of an advanced stealth fighter and longer-range anti-ship missile to counter China’s growing military power.
  • The Ministry of Defense will get a record 5.34 trillion yen ($51.7 billion) for the year starting in April, up 1.1% from this year.
Published 21 Dec, 2020 11:17am