Tag #Federal Budget

Showing 1 to 12 of 21 results

theglobeandmail.com
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Canada's Federal Deficit to Balloon to $68.5 Billion in 2025-26

The Parliamentary Budget Officer (PBO) projects Canada's federal deficit will surge to $68.5 billion in the 2025-26 fiscal year due to lower economic growth and increased government spending, including recent defence commitments and tariff-related support.

Progress

24% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Australian Government Reconsiders Superannuation Tax Plan

Facing criticism and potential political setbacks, the Australian government is re-examining its plan to increase taxes on superannuation earnings above $3 million, potentially modifying or delaying the policy's implementation.

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24% Bias Score

Reduced Inequality
npr.org
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Senate Republicans Pass Tax Cut Bill, Adding Trillions to National Debt

The Senate passed a Republican tax cut and spending bill projected to add trillions to the national debt over 10 years, with the top 10% of earners receiving the largest tax cuts while low-income families face potential losses of government assistance.

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40% Bias Score

Reduced Inequality
foxnews.com
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White House Proposes $9.4 Billion in Federal Spending Cuts

The White House will send Congress a $9.4 billion federal spending cut proposal next week, targeting NPR, PBS, and the U.S. Agency for International Development, as part of a Republican effort to reduce government spending, prompting a 45-day review period before expiration.

Progress

52% Bias Score

Reduced Inequality
theglobeandmail.com
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Canada Delays Federal Budget, Ontario Forecasts Massive Deficit

Canada's federal government will release a substantive economic statement in early fall instead of a budget this year, while Ontario forecasts a $14.6 billion deficit due to U.S. tariffs, significantly higher than its previous prediction.

Progress

36% Bias Score

Reduced Inequality
theguardian.com
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Musk's "Doge" and DOT Layoffs Spark Conflict of Interest Concerns

The US Department of Transportation's 2025 budget reveals that employees supporting SpaceX and Starlink launches were spared from layoffs, while thousands of others were cut, sparking a conflict of interest controversy around Elon Musk's "department of government efficiency".

Progress

48% Bias Score

Reduced Inequality
zeit.de
🌐 65% Global Worthiness
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Germany to Partially Relieve Eastern States of Pension Burden

In 2026, the German federal government will decrease its eastern states' contributions to the billions of euros in costs for supplementary and special pensions from the former East Germany by €340 million, though costs will remain substantial.

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20% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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Canada to Cut 57,000 Public Sector Jobs by 2028

The Canadian government plans to cut 57,000 public sector jobs by 2028, impacting services nationwide and disproportionately affecting younger workers, to offset increased military spending and tax cuts, according to a new report by the Canadian Centre for Policy Alternatives.

Progress

56% Bias Score

Decent Work and Economic Growth
cnnespanol.cnn.com
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Musk Resigns from Trump Administration, Citing Concerns Over Spending Bill

Elon Musk resigned from his position leading the Department of Governmental Efficiency (DOGE) after expressing concerns over President Trump's large spending bill, which includes trillions in tax cuts and increased military spending, partially offset by cuts to other programs; the bill is projected ...

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48% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Canadian Government's Budget-Cutting Plan Sparks Labor Concerns

The Canadian government plans to balance its operating budget over three years by cutting waste, capping the public service, and improving public sector productivity using technology, sparking concerns from labor leaders about potential service cuts and lack of specifics.

Progress

44% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Analysis of Canadian Parties' Financial Platforms: Healthcare, Seniors, and Housing

The Canadian federal election saw three major parties—NDP, Liberal, and Conservative—offer differing financial plans, with significant spending pledges for healthcare, seniors' benefits, and housing, yet falling short on addressing senior poverty and the housing crisis.

Progress

52% Bias Score

No Poverty
theglobeandmail.com
🌐 75% Global Worthiness
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Canada to Issue Final Carbon Rebate Amidst Tax Elimination, Adding to Budget Deficit

The Canadian government will issue a final $3.8 billion carbon tax rebate in April, despite eliminating the tax itself, adding to the projected $46.8 billion federal deficit by 2025-2026; the funding source remains undisclosed, and the payments vary by household size and location.

Progress

48% Bias Score

Reduced Inequality

Showing 1 to 12 of 21 results