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IMF says Japan should avoid adding debt as budget pressure grows

CMG20240817-HengYY02 / 王彦燕 /  A Petronas petrol station in Johor Bahru . For stories about Shell,Petronas, fuel, petrol, station, car, vehicle, transport, oil, energy, petrochemical, tax, Malaysia, Singaporean, 3/4 tank, pump, V Power, 95, 98, Diesel, price setting, price fixing, subsidy. [ Jalan Lingkaran Dalam, Bukit Senyum, 80300 Johor Bahru, Johor, Malaysia]
ASEAN Business
THINKING ALOUD

Subsidy reform a la Malaysia – one tiny step at a time

Indonesia’s parliament is currently discussing next year’s US$236 billion budget proposal, which forecasts a deficit of 2.48 per cent of GDP and regional transfers of US$39.50 billion, down about 25 per cent from 2025 and the smallest in a decade.
International

Indonesia's new finance minister says 2026 budget plans could be revised

The US State Department approved the potential sale, valued at an estimated US$5.6 billion, earlier this year in what was seen as a significant capability boost for the Philippine Air Force amid rising regional tensions.
International

Philippines' potential purchase of F-16 jets on hold due to budget constraints

epa11709043 Philippine President Ferdinand Marcos Jr. delivers a speech after signing two new maritime laws during ceremonies at the Malacanang Presidential Palace in Manila, Philippines, 08 November 2024. The Maritime Zones Law identifies the archipelagic baselines and internal waters of the Philippines, while the Archipelagic Sea Lanes Law defines sea lanes that vessels may legitimately take within Philippine waters. The new laws come in the midst of the Philippines’ ongoing territorial dispute with China in several areas of the South China Sea.  EPA-EFE/ROLEX DELA PENA
International

Philippines’ Marcos to remove flood control funding in 2026 budget

epa12093301 Britain's Chancellor of the Exchequer Rachel Reeves arrives ahead of a speech by the prime minister in Downing Street, London, Britain, 12 May 2025. The prime minister's speech announced some of the proposals contained in the Government’s Immigration White Paper.  EPA-EFE/TOLGA AKMEN/POOL
International

IMF warns UK to keep budget in check or risk market revolt

Thursday’s figures from the Office for National Statistics were the first to estimate the impact of the large hike in employer social security payments, which came into effect in April.
International

UK budget strains deepen ahead of Reeves' spending review

Prime Minister Shigeru Ishiba faces growing calls from lawmakers to boost spending or cut taxes to appease voters hit by rising living costs, ahead of an upper house election set for July.
International

Japan to ease timeframe for balancing budget

Japan's Prime Minister Shigeru Ishiba speaks during a press conference at the prime minister's official residence in Tokyo on October 9, 2024. Japanese Prime Minister Shigeru Ishiba dissolved parliament on October 9 ahead of October 27 snap elections, banking on his honeymoon popularity and a fragmented opposition to lead his scandal-tainted party to victory. (Photo by David Mareuil / POOL / AFP)
International

Japan's parliament passes Budget a day before new fiscal year starts

Members of security forces remove protesters, as demonstrators try to block the entrance to the Knesset. They are protesting against moves by the  government to fire the Attorney General and top security agency chief, as well as to demand to release all hostages.
International

Israel parliament approves budget as hostage families protest in chamber

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MDDI (P) 046/10/2024. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2025 SPH Media Limited. All rights reserved.

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