News list for " budget"
Trump budget director Vought: A plan to deal with the recession is brewing.
President Donald Trump says he is working to balance the budget immediately. He wants to achieve a balanced budget, but doesn't want to commit now. Trump said he is considering giving 20% of DOGE savings to Americans, and could also use 20% of DOGE savings to pay down debt.
Valentine's Day Gold Historical Price Inventory: With a budget of 1,000 yuan, how much gold can you buy as a gift?
The deficit increased by $129 billion in January alone. The widening budget gap could fuel the fears of fiscal hawks. Musk has warned that the US will "go bankrupt" if it does not cut its budget. Click to see...
According to Ming Pao, the Hong Kong government will announce a new "Budget" at the end of this month. Legislative Council member (financial services sector) Li Weihong said that he has integrated the opinions of the industry and handed it to Finance Secretary Chen Maobo. Li Weihong proposed to promote the development of virtual assets and futures markets, speed up the approval and upgrade of licenses, and suggested that the Futures Exchange realize 23-hour trading as soon as possible, increase ...
French Prime Minister François Bayrou has said he will force through the 2025 budget, despite the risk of a no-confidence vote.
According to Indian Finance Minister Nirmala Sitharaman in the 2025 federal budget announcement, cryptocurrencies will be included in Section 158B of the Income Tax Act for reporting undisclosed income. The amendment allows for a collective assessment of unreported cryptocurrency gains, giving them the same tax treatment as traditional assets such as currencies, jewelry, and gold bars. According to...
According to the Washington Post, the White House Budget Office has officially withdrawn its authorization order for a federal funding freeze.
The French Senate has passed the 2025 budget, which includes a tax on the "unproductive wealth" of bitcoin and other cryptocurrencies. The tax will be levied annually on unrealized gains on cryptoassets, meaning that cryptocurrency holders will be taxed even if they do not sell their assets. The proposal is currently awaiting a vote by the National Assembly.
The Congressional Budget Office (CBO) said it expects real U.S. GDP growth of 1.9 percent in 2025, down from a 2.0 percent forecast in June, and forecasts an average annual growth rate of 1.9 percent between 2024 and 2034.
Congressional Budget Office (CBO): The projected U.S. budget deficit for fiscal year 2025 is $1.865 trillion, while the budget deficit for fiscal year 2024 is $1.832 trillion. Under current law, the U.S. public debt is projected to reach 99.9% of GDP by 2025 and rise to 118.5% in fiscal year 2035.
According to Politico, Republicans in the United States are already worried that it will be difficult to pass new policies on borders, energy and taxes through the budget reconciliation process. And US House Speaker Johnson's promise to incoming President Trump in December that he would also use the reconciliation bill to raise the debt ceiling added another layer of complexity. Conservatives generally oppose raising...
According to the budget document released by the Ministry of Economy and Finance of Kyrgyzstan, the crypto mining tax contribution in 2024 is 46.60 million som (about $535,000), a decrease of more than 50% from the 93.70 million som (over $1 million) in 2023. The country levies a mining tax on crypto miners of 10% of electricity bills, including VAT and sales tax. Although Kyrgyzstan is seen as an ideal location for mining due to its abundant untapped renewable energy, the decrease in taxes may ...
Japan will approve a record $730 billion budget and reduce bond issuance.
On December 24th, the National Financial Work Conference was held in Beijing. The meeting called for vigorously promoting scientific financial management, promoting zero-based budget reform, comprehensively deepening the reform of the fiscal and taxation system, effectively preventing and resolving local government debt risks, resolutely holding the bottom line of the "three guarantees" at the grassroots level, increasing financial supervision, improving the efficiency of fiscal governance, and ...
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