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Crisis-hit arms market shrinks, first time since 1994: SIPRI
Crisis-hit arms market shrinks, first time since 1994: SIPRI

For the first time since the mid-1990s, sales of the 100 biggest arms dealers excluding China declined in 2011 as the economic crisis prompted budget cuts.

Crisis-hit arms market shrinks, first time since 1994: SIPRI
EU states want 'fair tax share' from big business
EU states want 'fair tax share' from big business

The finance ministers of Britain, France and Germany on Saturday launched a new drive to force big business to pay its fair share of tax and halt the schemes of top firms to keep payments to a minimum.

EU states want 'fair tax share' from big business
Tengrinews.kz stock photo
Kazakhstan national fund's assets exceed 10 trillion tenge

As of the end of 2012 the funds of the national fund were over 10 trillion tenge ($67 billion) net of investment profits: Finance Minister.

Kazakhstan national fund's assets exceed 10 trillion tenge
Venezuela devalues currency 32% against US dollar
Venezuela devalues currency 32% against US dollar

Venezuela said it was devaluing its currency by 32 percent against the dollar on the orders of cancer-stricken President Hugo Chavez, in part to trim a bloated budget deficit.

Venezuela devalues currency 32% against US dollar
©REUTERS/Per Lochen
US military may skip Paris air show due to budget cuts

Facing the prospect of dramatic budget cuts, the US military may skip the Paris air show this year for the first time.

US military may skip Paris air show due to budget cuts
Photo courtesy of gothamschool.org
White House fears deep damage from spending cuts

The White House warned Friday that billions of dollars in automatic budget cuts set to kick in on March 1 were a "blunt" instrument that could wreak deep damage to the already fragile US economy.

White House fears deep damage from spending cuts
Britain's Cameron stands firm in EU budget battle
Britain's Cameron stands firm in EU budget battle

Prime Minister David Cameron stood firm on his demand for further cuts in the EU budget on Friday, despite coming under pressure over his pledge to hold a referendum on Britain's membership of the bloc.

Britain's Cameron stands firm in EU budget battle
Astana - most unprofitable region in Kazakhstan
Astana - most unprofitable region in Kazakhstan

A Profit Rating of Kazakhstan's regions was made based on budget expenditures per capita and tax deductions per one employed citizen.

Astana - most unprofitable region in Kazakhstan
Japan cabinet to approve $1.02 trillion annual budget
Japan cabinet to approve $1.02 trillion annual budget

Japan's cabinet was Tuesday set to approve a $1.02 trillion annual budget with boosts in defence and public works spending amid a festering territorial row with China and a renewed assault on deflation.

Japan cabinet to approve $1.02 trillion annual budget
©REUTERS
Kazakhstan's budget became more transparent

Kazakhstan has improved the residents’ access to the budget information over the past 2 years.

Kazakhstan's budget became more transparent
Сustoms generate seventh part of Kazakhstan budget

In 2011 Kazakhstan’s customs authorities generated over 1 trillion tenge ($6.7 billion) for the country's state budget.

Сustoms generate seventh part of Kazakhstan budget
Mali operation another burden for French budget
Mali operation another burden for French budget

The French offensive in Mali will burden a defence budget that was expected to get relief from the withdrawal of French forces from Afghanistan.

Mali operation another burden for French budget
House Majority Leader Eric Cantor. ©REUTERS
US House Republicans back 3-month debt limit rise

Republicans proposed a three-month increase to the US debt ceiling Friday as they mulled breaking a protracted fiscal impasse, but warned any long-term deal would require Congress to pass a budget that cuts spending.

US House Republicans back 3-month debt limit rise
Photo courtesy of northafricapost.com
World Bank economist urges end to US fiscal fights

The World Bank's chief economist called on the United States Tuesday to end a series of political budget battles by undertaking structural economic reforms.

World Bank economist urges end to US fiscal fights
US Federal Reserve Chairman Ben Bernanke. ©
Bernanke urges Congress to lift debt ceiling

US Federal Reserve Chairman Ben Bernanke on Monday urged Congress to raise the nation's borrowing limit as Democrats and Republicans battle over the federal budget.

Bernanke urges Congress to lift debt ceiling
Fresh start for Congress, but fiscal battles loom again
Fresh start for Congress, but fiscal battles loom again

With nearly 100 new members, the US Congress convened Thursday fresh from the year-end "fiscal cliff" fiasco, as lawmakers cast a wary eye towards the tough budget battles ahead.

Fresh start for Congress, but fiscal battles loom again
Photo courtesy of dilipchandra12.hubpages.com
China and emerging powers to pay more for UN

China, Brazil, India and other emerging powers agreed to major increases in their United Nations payments as the global body hammered out a new budget deal this week to avoid its own fiscal cliff.

China and emerging powers to pay more for UN
Scientists say NASA's budget inadequate for its goals
Scientists say NASA's budget inadequate for its goals

NASA suffers from a "mismatch" between its goals and the budget it has been given to achieve them, according to a panel that said the US space agency may need a complete overhaul.

Scientists say NASA's budget inadequate for its goals
Head of almaty Roads Department Vladimir Merenkov. ©Yaroslav Radlovsky
Almaty authorities to spend 50 billion tenge ($337.8 million) on Almaty transport in 2013

Almaty Akimat (city authorities) plans to allocate more than 50 billion tenge ($337.8 million) on development of Almaty transport in 2013.

Almaty authorities to spend 50 billion tenge ($337.8 million) on Almaty transport in 2013
British press hails Cameron's EU budget stance
British press hails Cameron's EU budget stance

Prime Minister David Cameron secured a decent result for Britain at the European Union budget summit, Britain's newspapers said Saturday, while warning that his good fortune may not last.

British press hails Cameron's EU budget stance