[JAKARTA] Indonesia cut corporate taxes and temporarily scrapped a budget deficit cap introduced after the Asian financial crisis to help shield the economy from the coronavirus outbreak.

REVENUE AND EXPENDITURE

THE expected overall budget deficit of S$10.9 billion for FY2020 is the highest in more than two decades, but economists say the budget plans outlined by the government on Tuesday are a sure sign...

THE Singapore government will not be drawing on past reserves as it has sufficient accumulated fiscal surplus to fund the overall deficit in FY2020, Deputy Prime Minister and Finance Minister Heng...

[SYDNEY] Australia posted a budget deficit of A$690 million (S$647.5 million) in the 2018/19 fiscal year ended June 30, Treasurer Josh Frydenberg said on Thursday, narrower than the A$4.2 billion...

[ROME] Italy confirmed on Monday its 2020 budget deficit target at 2.1 per cent of gross domestic product, a government source told Reuters on Monday following a cabinet meeting.

[BRUSSELS] The European Commission on Thursday formally warned Italy that its budget plans for 2019 are a serious concern, demanding "clarifications" from Rome over its unprecedented...