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EU leaders suspend budget talks until noon Friday
EU leaders suspend budget talks until noon Friday

European Union leaders on Friday called an overnight suspension of talks aimed at reaching a deal on a hotly contested long-term budget.

EU leaders suspend budget talks until noon Friday
©REUTERS
S. Korea to triple budget in Japan island dispute

A South Korean parliamentary committee has agreed to nearly triple a special budget for promoting Seoul's sovereignty over an isolated set of islands also claimed by Japan.

S. Korea to triple budget in Japan island dispute
Greece eyes fresh bailout funds after budget passed
Greece eyes fresh bailout funds after budget passed

The Greek parliament on Sunday approved a slashed 2013 budget which the government has vowed will secure the release of foreign aid vital to save the debt-ridden country from insolvency.

Greece eyes fresh bailout funds after budget passed
European Union's national flags. ©REUTERS
EU budget talks collapse

The first round in two weeks of tough talks on the European Union budget collapsed Friday after austerity-minded states refused to plug a 2012 budget shortfall in funds destined for Europe's needy.

EU budget talks collapse
Poland's Prime Minister Donald Tusk. ©REUTERS
Poland urges no veto on tricky 2014-2020 EU budget

Poland on Friday urged net beneficiary EU members not to block talks on the contentious 2014-2020 budget proposed by Brussels which the 27-member bloc is expected to focus on at an upcoming summit.

Poland urges no veto on tricky 2014-2020 EU budget
Kazakhstan’s Senate. ©Vladimir Dmitriyev
Kazakhstan’s Senate approves of the 2012-2014 draft budget

The draft budget envisages decreasing revenues, reduced spending and widening deficit.

Kazakhstan’s Senate approves of the 2012-2014 draft budget
Merkel in Britain for tough budget talks with Cameron
Merkel in Britain for tough budget talks with Cameron

German Chancellor Angela Merkel and British Prime Minister David Cameron held talks over the EU's hotly contested budget in London on Wednesday with both agreeing that the bloc needed to heed public opinion.

Merkel in Britain for tough budget talks with Cameron
Kazakhstan Finance Minister Bolat ZHamishev. Photo courtesy of flickr.com
Kazakhstan Finance Ministry expects overfulfillment of target on import VAT in 2012

Kazakhstan FInance Minister talked about financial results of 9 months of 2012.

Kazakhstan Finance Ministry expects overfulfillment of target on import VAT in 2012
Photo by Danial Okassov©
Kazakhstan Parliament unanimously adopts new 3-year budget

This is a result of the joint work of the Parliament and the Government of Kazakhstan: Majilis Speaker.

Kazakhstan Parliament unanimously adopts new 3-year budget
EU's Van Rompuy details eurozone budget rationale
EU's Van Rompuy details eurozone budget rationale

EU President Herman Van Rompuy argued Friday that the 17-state eurozone could have a central 'Treasury' with a shared budget and raise funds on commercial bond markets.

EU's Van Rompuy details eurozone budget rationale
Kazakhstan Prime-Minister Serik Akhmetov. Photo courtesy of pm.kz
Kazakhstan's budget expenses reached 7 trillion tenge

Kazakhstan 2013-2015 budget was formed based on the forecasted economic situation in the country and in the world: Prime-Minister.

Kazakhstan's budget expenses reached 7 trillion tenge
Spain tightens austerity screw in 2013 budget
Spain tightens austerity screw in 2013 budget

Spain's government unveiled Thursday a 2013 budget that tightens austerity even in the teeth of growing protests, easing the path to a widely expected sovereign bailout.

Spain tightens austerity screw in 2013 budget
Photo courtesy of mamas-club.nl
Deficit-cutting French budget to test Hollande credibility

France will present its 2013 budget Friday with President Francois Hollande's credibility on the line as he seeks to rein in public finances and reassure financial markets without stirring public anger.

Deficit-cutting French budget to test Hollande credibility
France's Hollande outlines sweeping new taxes for recovery
France's Hollande outlines sweeping new taxes for recovery

France's Socialist President Francois Hollande pledged 30 billion euros in new taxes and savings to balance the budget and fund a turnaround in two years, and rejected criticism of dragging his feet.

France's Hollande outlines sweeping new taxes for recovery
©REUTERS/Alex Domanski
Moody's downgrades EU rating outlook to 'negative'

Moody's on Monday lowered the European Union's long-term issuer rating outlook from stable to negative, saying the move reflected credit risks of the bloc's key budget contributors.

Moody's downgrades EU rating outlook to 'negative'
Kazakhstan President Nursultan Nazarbayev. Photo by Danial Okassov©
Nazarbayev instructed to set barrier to shadow economy

An important task is to create legislative barriers for the shadow economy and attempts to take budget funds into the shade: Nazarbayev.

Nazarbayev instructed to set barrier to shadow economy
French lawmakers vote to cut pay of president, PM
French lawmakers vote to cut pay of president, PM

French lawmakers voted Thursday to reduce the salaries of President Francois Hollande and Prime Minister Jean-Marc Ayrault by 30 percent as part of a series of budget-cutting moves.

French lawmakers vote to cut pay of president, PM
View of Astana. Photo courtesy of astana-photo.ucoz.kz
Astana "eats off" other Kazakhstan citizens

Kazakhstan's budget expenses per one Astana citizen are 2-3 times higher than for any other Kazakhstan citizens.

Astana "eats off" other Kazakhstan citizens
Kazakhstan Senate and Majilis. Photo courtesy of hozu.parlam.kz
2013 budget cuts are likely: Massimov

Prime-Minister Karim Massimov told the Parliament that Nursultan Nazarbayev had instructed to consider "a negative scenario for 2012".

2013 budget cuts are likely: Massimov
Nursultan Nazarbayev. Photo by Vladimir Dmitriyev©
We will tear off the heads of those who steal state money: Nazarbayev

Kazakhstan President Nursultan Nazarbayev has threatened officials with a severe punishment for wasteful spending of state money.

We will tear off the heads of those who steal state money: Nazarbayev