Aug 26, 2015

Japan fiscal 2016 budget requests to hit record ¥102 trillion

Budget requests by Japan’s central government offices for the new fiscal year from next April are set to total a record ¥102 trillion ($853 billion), due primarily to social security spending growth in a rapidly aging society, government sources said Tuesday. The requests for ...

Aug 25, 2015

Farm ministry to request 14.8% rise in 2016 budget

The Ministry of Agriculture, Forestry and Fisheries will seek ¥2.65 trillion in its budget request for fiscal 2016, up 14.8 percent from its initial budget for the previous year, according to informed sources. For the year starting next April, the ministry will request ¥458.8 ...

Aug 22, 2015

Industry ministry to seek ¥116 billion to promote innovation

The Ministry of Economy, Trade and Industry plans to request ¥116.6 billion for projects to promote innovation under the government’s fiscal 2016 budget, more than 2½ times the amount earmarked under the 2015 budget, it was learned Friday. Among such projects are those to ...

Jul 24, 2015

Administration adopts budget request rules for fiscal 2016

At a Cabinet meeting Friday the Abe administration adopted budget request guidelines for fiscal 2016 that call for a 10 percent cut in discretionary policy spending and set a ¥4 trillion special quota for priority areas, including privatization of public services. Government agencies will ...

Britain cuts spending in new austerity drive

Jul 9, 2015

Britain cuts spending in new austerity drive

Britain’s finance minister, George Osborne, unveiled fresh austerity measures Wednesday to slash debt, evoking the plight of crisis-hit Greece in the first purely Conservative budget in almost two decades. Osborne drastically cut welfare spending to honor campaign promises to forge ahead with austerity after ...

Jun 21, 2015

Tens of thousands march against austerity in London

Tens of thousands of people joined an anti-austerity march through central London on Saturday, the first major public protest since Prime Minister David Cameron won last month’s general election. Demonstrators, some of whom had traveled from across Britain, snaked through the city from the ...

May 21, 2015

House Republicans restrict 2016 spending on science by sector

U.S. House Republicans voted Wednesday to place limits on funding for scientific research, including climate change studies, as they passed legislation that more narrowly defines their priorities. Many in the American scientific community criticized the bill, which passed 217 votes to 205 and sets ...