South Korea is drafting an extra budget of 15 trillion won ($13.38 billion), it said on Tuesday, to boost support for small businesses and safeguard jobs as the resurgent coronavirus forces the government to retain social distancing
The Non-resident Indians (NRIs) in the United Arab Emirates termed the India budget for fiscal 2021-22, unveiled by the Finance Minister Nirmala Sitharaman on Monday, positive and a timely step in the right direction.
The Indian budget for 2021-22 has been presented against the backdrop of Covid-19 curve flattening with vaccine inoculation drive undertaken all over the country.
So, in an effort to improve “burden sharing” - the way the 30 member countries contribute cash, military hardware and troops to operations run by the world’s biggest security organization - Secretary-General Jens Stoltenberg is proposing that allies jointly fund more of NATO’s work.
The US budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said on Friday. The ocean of red ink is a product of the government’s massive spending to try to cushion the impact
The UAE Cabinet chaired by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, on Sunday approved the Federal Budget of Dhs58 billion for the fiscal year 2021.
Sheikh Mohammed said, "Despite the global economic conditions, our projects are continuing, our priorities are intact, and the social development sectors will not be touched."
Australia pledged billions in tax cuts and measures to boost jobs on Tuesday to help pull the economy out of its historic COVID-19 slump in a budget that tips the country into its deepest deficit on record.
South Korea is preparing the fourth supplementary budget of this year of around $6.6 billion to aid struggling small businesses facing mass closures amid unprecedented social distancing restrictions to curb a resurgence of the coronavirus.