Tag - budgets

 
 

BUDGETS

U.S. President Donald Trump meets with NATO Secretary-General Mark Rutte in the Oval Office of the White House in Washington on March 13.
WORLD / Politics
May 14, 2025
NATO is sketching out a plan to meet Trump's call for 5% of GDP on defense
Negotiators are making progress ahead of a NATO summit in The Hague in June on a path to hitting the spending goal by 2032.
Senior officials of Liberal Democratic Party and Komeito agreed Tuesday on the need to draft a supplementary budget before a possible extraordinary session of the Diet this autumn.
JAPAN / Politics
May 13, 2025
LDP and Komeito agree to draft supplementary budget before autumn session
The extra budget is expected to fund measures to deal with inflation and the impact of U.S. President Donald Trump's tariffs.
NATO Secretary-General Mark Rutte delivers remarks during a news conference at alliance headquarters in Brussels on Friday.
WORLD / Politics
May 10, 2025
NATO chief said to seek defense spending at 5% of GDP by 2032
U.S. President Donald Trump has demanded that NATO allies ramp up their military spending to 5% of GDP, a level that not even the United States currently hits.
Veterans in France. For over a dozen NATO members, pensions make up a large — and largely overlooked — chunk of their defense budgets.
WORLD / Politics / ANALYSIS
May 8, 2025
Europe's costly military pensions complicate defense buildup
For over a dozen NATO members, pensions make up a large — and largely overlooked — chunk of their defense budgets.
Japan’s chief tariff negotiator, Ryosei Akazawa, poses with a "Make America Great Again" cap at the White House in Washington on April 16.
JAPAN / Politics / ANALYSIS
Apr 23, 2025
Japan wants to 'separate' tariff and security issues. That may be tough.
Disentangling the two will prove a challenge as U.S. President Donald Trump continues to voice long-held complaints about the alliance’s fairness.
Prime Minister Shigeru Ishiba (center) at the Prime Minister's Office on Tuesday
JAPAN
Apr 16, 2025
Japan unlikely to compile extra budget now
Prime Minister Shigeru Ishiba believes it is necessary to closely monitor the impact of U.S. President Donald Trump's tariff policy.
The Bundeswehr booth at the Hannover Messe 2025 trade fair in Hannover, Germany, on March 31.
WORLD / FOCUS
Apr 12, 2025
Germany wants to be a military powerhouse. Can it pull it off?
Achieving this may be easier said than done. Germany’s defense and national security apparatus is fragmented and encumbered by bureaucracy.
Prime Minister Shigeru Ishiba raises his hand to answer a question about the U.S. tariff measures during a parliamentary committee session in Tokyo on Monday.
JAPAN / Politics
Apr 10, 2025
Government considers fresh economic package to tackle impact of U.S. tariffs
Consensus is growing within the LDP-Komeito coalition over the need for intervention, though opinions are mixed on how to do it.
Japan needs a strong leader as it faces huge challenges. With Upper House and Tokyo gubernatorial elections coming up, the LDP needs to lay the groundwork for replacing Prime Minister Shigeru Ishiba, whose polls have entered the danger zone.
COMMENTARY / Japan
Apr 9, 2025
The window to replace Japan's accidental prime minister is nigh
Shigeru Ishiba isn't the right leader to weather Japan through the incoming storm. With Upper House elections this summer, it's time the LDP starts fielding his replacement.
George Glass, U.S. President Donald Trump's pick to be ambassador to Japan, attends a Senate Foreign Relations Committee confirmation hearing in Washington on March 13.
JAPAN / Politics
Apr 9, 2025
Japan gets a new U.S. ambassador — and he has his work cut out for him
The U.S. Senate has voted to confirm George Glass, whose top agenda items include resolving the tariff row and getting Tokyo to spend more on defense.
U.S. Vice President JD Vance speaks near Elbridge Colby (right) at Colby’s confirmation hearing before the Senate Armed Services Committee for undersecretary of defense for policy, at the Capitol in Washington on March 4.
JAPAN / Politics
Apr 9, 2025
U.S. confirms new Pentagon No. 3 as Japan defense budget in crosshairs
Elbridge Colby is a known China hawk and advocate for Asian allies — including Japan — to spend more on defense.
The Upper House passes a revised budget bill for fiscal 2025 on Monday, before sending it back to the Lower House for approval.
JAPAN / Politics
Mar 31, 2025
Japan's fiscal 2025 budget enacted just in time
The budget bill, which calls for general account spending of ¥115 trillion, was enacted in time for the start of the next fiscal year on Tuesday.
Prime Minister Shigeru Ishiba in the Upper House of the Diet on Friday. The clock is ticking for Ishiba's administration to get the budget for fiscal 2025 passed in parliament.
JAPAN / Politics / EXPLAINER
Mar 28, 2025
Is it a big problem if the budget fails to clear parliament by the end of March?
Government functions won't be significantly hindered, but the Ishiba administration's reputation will take another beating.
Prime Minister Shigeru Ishiba speaks during a meeting of the Upper House Budget Committee on Thursday.
JAPAN / Politics
Mar 27, 2025
Ishiba’s remarks on inflation relief measures draw ire as budget deadline looms
Confusing messages about an economic package to counter rising prices came as negotiations were heating up on when to hold a vote on the budget.
Democratic Senate Minority Leader Chuck Schumer takes part in a television interview at the Capitol in Washington on Friday.
WORLD / Politics
Mar 15, 2025
Relief as U.S. Congress averts government shutdown
Lawmakers already reeling from President Donald Trump's radical federal spending cuts voted to keep the lights on through September.
George Glass, U.S. President Donald Trump's nominee to be ambassador to Japan, speaks during a Senate Foreign Relations Committee confirmation hearing in Washington on Thursday.
JAPAN / Politics
Mar 14, 2025
Trump's ambassador pick to press Japan to spend more to host U.S. troops
The remarks by George Glass were the latest volley from the Trump administration to target Japan, following comments by other nominees.
Upper House Budget Committee chief Yosuke Tsuruho (right) and his Lower House counterpart, Jun Azumi, meet in Tokyo on Wednesday.
JAPAN / Politics
Mar 12, 2025
Medical cap fumble paves way for unprecedented second revision of fiscal budget
While there have been cases of bills returning to the Lower House after amendments in the Upper House, it has never happened with the budget.
Constitutional Democratic Party of Japan leader Yoshihiko Noda attends a news conference on Friday.
JAPAN / Politics
Mar 9, 2025
CDP leadership faces growing internal frustration
Due to the CDP's lackluster performance, a party source said, "We can't compete in (this summer's) House of Councilors election if we don't do anything."
A dry rice field in Subang, West Java, Indonesia, on July 29, 2023
ENVIRONMENT / Climate change
Mar 6, 2025
Europe’s defense budget rips through its climate-crisis buffer
Spending cuts here and now mean future climate costs may rise, said the head of a climate nonprofit.
Military delegates arrive for the opening session of the National People's Congress at the Great Hall of the People in Beijing on Wednesday.
ASIA PACIFIC / Politics
Mar 5, 2025
China says it will boost defense spending by 7.2% this year
The 1.78 trillion yuan ($246 billion) budget was revealed at the annual session of China’s National People’s Congress on Wednesday.

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