Tag #Government Spending

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foxnews.com

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Dec 27, 22:09

Congress Passes Social Security Fairness Act, Adding \$196 Billion to Deficit

Congress passed the Social Security Fairness Act, repealing the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) to increase benefits for 3 million retired public sector workers, adding \$196 billion to the federal deficit over 10 years.

Congress Passes Social Security Fairness Act, Adding \$196 Billion to Deficit

Congress passed the Social Security Fairness Act, repealing the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) to increase benefits for 3 million retired public sector workers, adding \$196 billion to the federal deficit over 10 years.

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What are the immediate impacts of the Social Security Fairness Act on retired public sector workers and the federal budget?

The Social Security Fairness Act, repealing the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), passed Congress. This will increase Social Security benefits for approximately 3 million retired public sector workers who also receive pensions, correcting decades of reduced benefits. The bill's passage follows years of advocacy by law enforcement and public sector employee groups.

smh.com.au

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Dec 25, 22:06

\$13 Billion Blowout in Australian Veteran Assistance

Australia will spend \$13.3 billion more than forecast on veteran assistance by 2027-28 due to clearing a backlog of 66,000 claims under the previous government, surpassing funding for public schools; this follows a Royal Commission finding that linked faster processing to improved veteran health ou...

\$13 Billion Blowout in Australian Veteran Assistance

Australia will spend \$13.3 billion more than forecast on veteran assistance by 2027-28 due to clearing a backlog of 66,000 claims under the previous government, surpassing funding for public schools; this follows a Royal Commission finding that linked faster processing to improved veteran health ou...

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Good Health and Well-being

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How did the change in staffing within the Department of Veterans' Affairs impact claim processing times and overall costs?

The surge in veteran assistance spending is directly linked to the Labor government's efforts to clear a large backlog of claims. Replacing contract workers with public servants in the Department of Veterans' Affairs significantly reduced processing times. This has resulted in a substantial increase in compensation payments, despite a simultaneous increase in the number of veterans presenting with multiple health problems.

chinadaily.com.cn

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Dec 24, 10:10

China Announces Proactive 2025 Fiscal Policy to Boost Growth

China will implement a more proactive fiscal policy in 2025, increasing the fiscal deficit, government spending, and bond issuance to boost economic growth, focusing on consumption, technological innovation, and risk mitigation.

China Announces Proactive 2025 Fiscal Policy to Boost Growth

China will implement a more proactive fiscal policy in 2025, increasing the fiscal deficit, government spending, and bond issuance to boost economic growth, focusing on consumption, technological innovation, and risk mitigation.

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No Poverty

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How will China's increased fiscal spending be allocated to support domestic demand and industrial development?

This policy prioritizes expanding domestic demand through consumption increases and supporting a modern industrial system via technological innovation and incentives for small and medium-sized enterprises. It also emphasizes high-level opening-up, international cooperation, and addressing key risks, such as local government debt.

mk.ru

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Dec 23, 19:10

Putin Orders Review of Russia's 17 Trillion Ruble Loan Subsidy Program

Facing high inflation despite rapid economic growth and low unemployment, Russia's President Putin ordered a review of the effectiveness of a 17 trillion ruble loan subsidy program, emphasizing the need for better risk distribution and improved communication to ensure the program's long-term sustain...

Putin Orders Review of Russia's 17 Trillion Ruble Loan Subsidy Program

Facing high inflation despite rapid economic growth and low unemployment, Russia's President Putin ordered a review of the effectiveness of a 17 trillion ruble loan subsidy program, emphasizing the need for better risk distribution and improved communication to ensure the program's long-term sustain...

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Decent Work and Economic Growth

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How effective has the Russian government's subsidized lending program been in achieving its intended goals, and what are its limitations?

The government's substantial 17 trillion ruble program of subsidized loans (16% of bank portfolios), including over 10 trillion rubles in mortgage programs, aims to support businesses and citizens. While this boosted investment and job creation, its effectiveness requires further analysis, particularly concerning risk distribution among banks, borrowers, and the federal budget.

welt.de

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Dec 22, 12:48

Germany Faces €5 Billion Child Support Recovery Crisis

As of December 31, 2023, the German government had €5.178 billion in outstanding claims for advanced child support payments, with a recovery rate of approximately 20%, highlighting systemic challenges in enforcing child support obligations and prompting criticism of the government's handling of the ...

Germany Faces €5 Billion Child Support Recovery Crisis

As of December 31, 2023, the German government had €5.178 billion in outstanding claims for advanced child support payments, with a recovery rate of approximately 20%, highlighting systemic challenges in enforcing child support obligations and prompting criticism of the government's handling of the ...

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What is the total amount of outstanding child support claims in Germany, and what percentage is currently recoverable?

The German government has advanced over €5 billion to cover unpaid child support, with €5.178 billion in outstanding claims as of December 31, 2023. The government can reclaim these funds if the obligated parent is able to pay but fails to do so. Currently, only about 20% of these claims are recovered.

apnews.com

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Dec 21, 19:08

Congress Approves \$100 Billion for Disaster Relief

Congress approved over \$100 billion in emergency aid for disaster relief, addressing damage from hurricanes Helene and Milton and other events including the Hermit's Peak/Calf Canyon fire and the collapsed Francis Scott Key Bridge in Baltimore. The bill includes \$29 billion for FEMA, \$21 billion ...

Congress Approves \$100 Billion for Disaster Relief

Congress approved over \$100 billion in emergency aid for disaster relief, addressing damage from hurricanes Helene and Milton and other events including the Hermit's Peak/Calf Canyon fire and the collapsed Francis Scott Key Bridge in Baltimore. The bill includes \$29 billion for FEMA, \$21 billion ...

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What is the total amount of emergency aid allocated, and how will the funds be primarily distributed?

Congress approved over \$100 billion in emergency aid for disaster relief, addressing damage from hurricanes Helene and Milton and other events. This includes \$29 billion for FEMA, covering individual aid, debris removal, and government reimbursements. The bill also allocates funds for agricultural aid, infrastructure repair, and community recovery.

fr.allafrica.com

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Dec 26, 16:08

French Q3 2024 Finance Law: 57.58 Billion Payment Credit Increase

During Q3 2024, payment credits under the 2024 Finance Law (LFI) increased by 57.58 billion to 5,859.14 billion due to credit deferrals for internally-funded capital expenditures; this involved spending shifts across goods/services, transfers, and investments, alongside a 34.5% execution rate for fo...

French Q3 2024 Finance Law: 57.58 Billion Payment Credit Increase

During Q3 2024, payment credits under the 2024 Finance Law (LFI) increased by 57.58 billion to 5,859.14 billion due to credit deferrals for internally-funded capital expenditures; this involved spending shifts across goods/services, transfers, and investments, alongside a 34.5% execution rate for fo...

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What were the main factors contributing to the significant increase in payment credits under the 2024 Finance Law during the third quarter of 2024?

The 2024 Finance Law (LFI) led to a significant increase of \"57.58 billion in payment credits during Q3 2024, primarily due to credit deferrals for internally-funded capital expenditures. This brought the total to 5,859.14 billion from 5,533.90 billion.

azatutyun.am

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Dec 25, 16:07

Armenia's Tax Shortfall and Delayed Social Programs

The Armenian government collected $500 million less in taxes than projected this year, yet the Minister of Finance insists no programs were delayed due to funding issues, despite postponements of promised pension increases and a health insurance system launch, attributed to system unpreparedness.

Armenia's Tax Shortfall and Delayed Social Programs

The Armenian government collected $500 million less in taxes than projected this year, yet the Minister of Finance insists no programs were delayed due to funding issues, despite postponements of promised pension increases and a health insurance system launch, attributed to system unpreparedness.

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What are the immediate consequences of the Armenian government's significant tax revenue shortfall?

The Armenian government collected over half a billion dollars less in taxes than planned this year. Despite this shortfall, the Minister of Finance claims no major problems or unfunded programs exist, stating that planned expenditures were implemented.

pda.kp.ru

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Dec 23, 13:11

Putin Outlines 17 Trillion Ruble Loan Plan for Russia's 2025 Economic Growth

President Putin instructed the Russian cabinet to prioritize balanced economic growth with low unemployment and moderate inflation in 2025, allocating 17 trillion rubles for subsidized loans to stimulate investment and technological independence.

Putin Outlines 17 Trillion Ruble Loan Plan for Russia's 2025 Economic Growth

President Putin instructed the Russian cabinet to prioritize balanced economic growth with low unemployment and moderate inflation in 2025, allocating 17 trillion rubles for subsidized loans to stimulate investment and technological independence.

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Decent Work and Economic Growth

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What are the primary economic goals for Russia in 2025, and what specific measures will be implemented to achieve them?

President Putin held a meeting with the cabinet on economic issues, outlining directives for 2025. Key goals include balanced growth with low unemployment and moderate inflation, crucial for national development programs starting January 1st. Specific actions involve increasing investments through subsidized loans for businesses, aiming to boost production and employment.

nytimes.com

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Dec 22, 22:07

Justice Thomas Failed to Disclose Trips, Senate Report Reveals

A Senate Democratic report revealed that Supreme Court Justice Clarence Thomas failed to disclose multiple trips, prompting renewed calls for ethics reform and highlighting a lack of transparency within the judicial branch, following a 20-month investigation.

Justice Thomas Failed to Disclose Trips, Senate Report Reveals

A Senate Democratic report revealed that Supreme Court Justice Clarence Thomas failed to disclose multiple trips, prompting renewed calls for ethics reform and highlighting a lack of transparency within the judicial branch, following a 20-month investigation.

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Peace, Justice, and Strong Institutions

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How do Justice Thomas's undisclosed trips reflect broader concerns about transparency and accountability within the Supreme Court?

The Thomas disclosures, following a lengthy investigation, highlight a broader pattern of insufficient transparency and accountability within the Supreme Court. This lack of transparency raises questions about potential conflicts of interest and erodes public trust in the institution. The report's findings could lead to calls for stricter ethical guidelines and enforcement.

welt.de

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Dec 22, 19:09

German Government Growth Defies Lean State Promises

German political parties promise leaner government, but data shows an 11,500-post increase (6.3%) under the current coalition, with the number of parliamentary state secretaries at a record 37, exposing a disconnect between campaign rhetoric and administrative reality.

German Government Growth Defies Lean State Promises

German political parties promise leaner government, but data shows an 11,500-post increase (6.3%) under the current coalition, with the number of parliamentary state secretaries at a record 37, exposing a disconnect between campaign rhetoric and administrative reality.

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What is the discrepancy between German political parties' promises of a leaner state and the actual growth in government personnel?

German political parties promise leaner government, but data shows an 11,500-post increase under the current coalition, a 6.3% rise. The number of parliamentary state secretaries has also reached a record high of 37.

repubblica.it

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Dec 21, 04:06

Italian Budget Passes Amid Controversy Over Local Project Funding

Italy's government passed its budget with a 211-117 confidence vote, allocating €102 million to various local projects, including road improvements, church renovations, and sports facilities, sparking debate over transparency.

Italian Budget Passes Amid Controversy Over Local Project Funding

Italy's government passed its budget with a 211-117 confidence vote, allocating €102 million to various local projects, including road improvements, church renovations, and sports facilities, sparking debate over transparency.

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What specific local projects were funded, and what is the total amount allocated, revealing the immediate impacts of the budget?

The Italian government secured a 211-117 confidence vote for its budget, including \"micro-interventions\" totaling €102 million over three years. These funds, allocated via a parliamentary fund and a decree, will address various local projects ranging from bike paths to church renovations, sparking criticism about the process.

Showing 229 to 240 of 295 results