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A service for global professionals · Thursday, May 1, 2025 · 808,383,499 Articles · 3+ Million Readers
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Credit Rating Budget News Monitoring

  • Published on Apr 30, 2025

    March gov’t budget deficit widest in 15 months on revenue drop

    MANILA, Philippines — The Philippine government in March registered its largest budget deficit in 15 months as revenues contracted amid strong growth in spending. The state’s fiscal shortfall had widened by 91.78 percent year-on-year to P375.7 billion in …

    Source: Inquirer - Neutral
  • Published on 02:39 GMT

    Budget proposals: Independent experts evaluating: Aurangzeb

    ISLAMABAD: Finance Minister Muhammad Aurangzeb has said that the government has engaged independent experts/ analysts to evaluate budget 2025-26 proposals received from business and trade. Sharing update on federal budget (2025-26) from Karachi, …

    Source: Business Recorder - Neutral
  • Published on 04:06 GMT

    Eugene budget cuts to impact police, libraries, and sees closure of community facilities

    EUGENE, Ore. — The Eugene city manager presented the city's proposed budget to the budget committee Wednesday night. It featured $11.5 million in annual cuts -- which will directly impact departments that rely on the general fund. The city expects to …

    Source: KVAL - Oregon - Center-right
  • Published on 03:05 GMT

    ‘Hurt people’: Albo’s big budget vow

    Anthony Albanese has vowed to “continue to look for savings” while ruling out cuts that “hurt people”. Both Labor and the Coalition have pledged tens of billions in taxpayer dollars to fund their campaign commitments, prompting a caution from global …

    Source: Townsville Bulletin - Center-right
  • Published on 00:46 GMT

    Budget issues may force Oakland to delay pothole repairs

    The streets in Oakland have gone from bad to worse… at least that's what some residents tell CBS Bay Area.  According to the city's transportation director, due to money issues, the city might not have the cash needed to move ahead with schedule …

    Source: CBS News Bay Area - California - Neutral
  • Published on Apr 30, 2025

    Coalition promises budget will be $10 billion better off than under Labor

    The Coalition has promised to reduce gross debt by more than $40 billion and slash the Albanese government’s budget deficit by at least $10 billion across the next four years. Shadow treasurer Angus Taylor and shadow finance minister Jane Hume will …

    Source: Sky News Australia - Right-wing
  • Published on Apr 30, 2025

    Is Australia's AAA credit rating at risk?

    This week, credit rating agency Standard & Poor's (S&P) warned that Australia's AAA credit rating could be in jeopardy.  AAA is the highest rating that can be assigned by any issuer of debt. Along with Moody's and Fitch, S&P is one …

    Source: The Motley Fool Australia - Neutral
  • Published on Apr 30, 2025

    Rand Dips As Budget Uncertainty Weighs On Markets

    (MENAFN- The Arabian Post) The South African rand edged lower on Tuesday, trading at 18.57 to the US dollar, as investors awaited clarity on the government's revised fiscal strategy following the withdrawal of a proposed value-added tax increase. The …

    Source: MENAFN - Indeterminate
  • Published on Apr 30, 2025

    Coalition to release 'materially better, in double digits' budget costings

    The Coalition is making a last-minute claim for the mantle of superior economic management with a promise its deficits would be at least $10 billion smaller than under Labor over the next four years. Despite an election campaign in which both sides have …

    Source: ABC (Australian Broadcasting Corporation) - Neutral
  • Published on Apr 30, 2025

    Chalmers fails to recognise $47b deficit in his budget

    Treasurer Jim Chalmers failed to recognise a $47 billion deficit figure in his budget, in an oversight that leading economist Saul Eslake says exposes how the major parties gloss over so-called off-budget spending that a credit rating agency has also …

    Source: Financial Review - Center-right
  • Published on Apr 29, 2025

    ‘Utterly astonishing’: PM scoffs at S&P Global’s warning on Australia’s AAA credit rating

    Sky News host Sharri Markson has blasted Prime Minister Anthony Albanese for picking a fight with the S&P Global after the “highly reputable” ratings agency’s warning to Australia. Ratings agency Standard & Poor's has issued a warning that …

    Source: Sky News Australia - Right-wing
  • Published on Apr 30, 2025

    More than 50,000 workers go on strike as budget woes disrupt LA County

    Public hospitals diverted ambulances. Beach crews cleared wildfire debris without heavy equipment. Libraries closed. Thousands of nurses stayed home. A two-day strike in Los Angeles County kept some 55,000 unionized public employees off the job Tuesday as …

    Source: The Spokesman-Review - Washington State - Neutral
  • Published on Apr 29, 2025

    Peter Dutton turns to culture wars, PM gets defensive on credit rating

    Welcome back to your daily election wrap. Stephanie Dalzell will catch you up on news from the campaign trail. Political victories in Australia are never unanimous. But Prime Minister Anthony Albanese was given a resounding win on commercial radio this …

    Source: ABC (Australian Broadcasting Corporation) - Neutral
  • Published on Apr 30, 2025

    Budget Deficit: FG Accesses N2.5trn from Bond Market in Four Months

    Kayode Tokede In a bid to bridge the 2025 budget deficit, the federal government through the Debt Management Office (DMO) has borrowed an estimated N2.5 trillion from the FGN bond market in the first four months of 2025. This is about 22 per cent drop when …

    Source: This Day - Pro-Government
  • Published on Apr 28, 2025

    Albanese dismisses S&P warning Australia’s credit rating at risk

    Prime Minister Anthony Albanese has dismissed S&P Global's warning that Australia’s AAA credit rating is at risk due to major parties' big spending promises, stating the agency would have "been beside themselves” during the Coalition …

    Source: Sky News Australia - Right-wing
  • Published on Apr 29, 2025

    Ryan Bridge: Budget 2025 will be frugal, but will Budget 2026?

    You can’t say we weren’t warned Nicola Willis would be taking to government spending like a butcher to a fresh carcass. She’s been saying it for months.  Yesterday she halved the operating allowance to $1.3 billion. All this because she wants to do what …

    Source: Newstalk ZB - Center-right
  • Published on Apr 28, 2025

    Election pledges putting Australia's AAA credit rating at risk: S&P

    CANBERRA, April 28 (Xinhua) -- Global credit rating firm S&P has warned that Australia's top-level AAA rating is under threat from billions of dollars in election commitments from both major parties. Analysts from S&P said in a report on Monday …

    Source: The Malaysian Star - Indeterminate
  • Published on Apr 29, 2025

    Budget 2025: Government trimming spending in big way - here’s what it might cut and why

    What does that mean? Well, according to the most recent Treasury forecast, the Government will spend $149.8b in the next Budget. An enormous amount of this is non-discretionary spending which the Finance Minister doesn’t have much control over (unless they …

    Source: The New Zealand Herald - Neutral
  • Published on Apr 28, 2025

    S&P flags risk to Australia's credit rating

    S&P Global Ratings warned Australia’s prized AAA sovereign credit rating may be at risk if election campaign pledges result in larger structural deficits, debt and interest costs https://t.co/Gq1jTf5PBG — Bloomberg (@business) April 28, …

    Source: Mortgage Professional Australia - Neutral

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