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TOKYO, Dec 23, 2023 (AFP) – Japan approved Friday a record defence budget worth $56 billion for the next fiscal year, as tensions rise with China and North Korea. The 7.95 trillion yen ($56 billion) draft budget for the 2024-25 fiscal year was approved by the cabinet, in line with Prime Minister Fumio Kishida’s pledge to raise defence spending over the next few years. Japan has a pacifist post-war constitution, which limits its military capacity […]
By Frankie TAGGART WASHINGTON, Oct 1, 2023 (AFP) – The US Congress passed an 11th-hour funding bill Saturday to keep federal agencies running for another 45 days and avert a costly government shutdown — although the deal left out aid to war-torn Ukraine requested by President Joe Biden. Three hours before the midnight Saturday deadline, the Senate voted to keep the lights on through mid-November with a resolution that had advanced earlier from the House […]
By Maria DANILOVA WASHINGTON, Sept 30, 2023 (AFP) – Last-ditch moves to prevent a US government shutdown took a dramatic step forward Saturday, as Democrats overwhelmingly backed an eleventh-hour Republican measure to keep federal funding going for 45 days, albeit with a freeze on aid to Ukraine. The stopgap proposal adopted by the House of Representatives with a vote of 335-91 was pitched by Speaker Kevin McCarthy just hours before a midnight shutdown deadline that […]
WASHINGTON, Sept 30, 2023 (AFP) – The United States is heading toward a government shutdown this weekend with no foreseeable way out of a deadlock in Congress over hardline Republican calls for deep spending cuts. The new US fiscal year begins on October 1, but sharp disagreements in the Republican Party over the scale of federal debt has prevented passage of the bills needed to keep the government funded and open. The credit ratings agency […]
WASHINGTON, Sept 30, 2023 (AFP) – The US government on Saturday was hours from shutting down after the far right of the Republican Party scuppered final attempts at a temporary budget agreement, throwing into doubt everything from access to national parks to Washington’s massive support for Ukraine. The closure of all but critical government services, set to start after midnight Saturday (0400 GMT Sunday) if lawmakers fail to reach a deal, would be the first […]
By Camille Camdessus and Paul Handley WASHINGTON, Sept 27, 2023 (AFP) – The US Senate drafted a last-ditch short-term budget proposal Tuesday as time was running out for Congress to avoid a partial government shutdown, though the odds of it passing the House remained slim. With just days left before the September 30 deadline, both Democratic Senate Majority leader Chuck Schumer and Republican minority leader Mitch McConnell endorsed the draft, which would keep the government […]
By Julie Chabanas and Frankie Taggart WASHINGTON, Sept 25, 2023 (AFP) – Millions of Americans braced Monday for pay and welfare checks to stop within days as Congress careened toward a damaging government shutdown, with Republican right wingers blocking attempts to pass a budget. Four months after barely avoiding the more serious prospect of a credit default, the world’s largest economy is once again on the verge of a convulsion, with the lights due to […]
By Julie Chabanas and Frankie Taggart WASHINGTON, Sept 25, 2023 (AFP) – Millions of Americans braced Monday for pay and welfare checks to stop within days as Congress careened toward a damaging government shutdown, with Republican right wingers blocking attempts to pass a budget. Four months after barely avoiding the more serious prospect of a credit default, the world’s largest economy is once again on the verge of a convulsion, with the lights due to […]
KARACHI, June 9, 2023 (AFP) – Pakistan failed to meet any economic growth targets for the fiscal year 2022-23, according to a key government report released Thursday — a day before the new budget is to be presented to the national assembly. GDP growth was a miserly 0.3 percent, while agriculture, industrial output, and exports all failed to meet their targets. Pakistan’s economy has been stricken by a balance-of-payments crisis as it attempts to service […]
GENEVA, Switzerland (AFP) — The World Health Organization on Monday won basic approval for a $6.83-billion budget over the next two years, including a 20-percent hike in mandatory membership fees. As the UN health agency kicked off its annual decision-making assembly, member states in a key committee approved the budget without objection. WHO chief Tedros Adhanom Ghebreyesus hailed the move as “historic and a big milestone”. The budget still needs to be approved by all […]
Washington, United States (AFP) US lawmakers early Tuesday released the text of a $1.7 trillion funding bill which Congress hopes to pass within days to avert a government shutdown. The bill includes $858 billion in defense funding and will also provide $44.9 billion in emergency assistance for Ukraine. It also includes $772.5 billion for non-defense discretionary programs, including $118.7 billion for Veterans Affairs medical care, a 22 percent increase, and provides $40.6 billion to help US […]
Taipei, Taiwan (AFP) Taiwan announced plans for a record increase to its defence budget on Thursday after huge military drills by China earlier this month sent tensions between the two to their highest in decades. Taipei has proposed a defence budget of Tw$415.1 billion ($13.7 billion) for next year, up 13 percent year-on-year, pending parliamentary approval. An additional special budget will also be created specifically to acquire new fighter jets and other projects to boost […]
