Latest news and articles about financial policy from NEX English
The European Commission is gearing up for a crucial vote on the long-term budget, with the Parliament demanding an increase to <strong>€2 trillion</strong>. This demand has sparked tensions with member states advocating for austerity measures.
Indonesian Finance Minister, Sri Mulyani Indrawati, confirmed that the decision regarding additional salaries for government employees, known as the 'thirteenth salary', has not yet been finalized. This comes amid ongoing efforts by the government to achieve budget efficiency while supporting employees under work contracts.
U.S. President Donald Trump has unveiled his proposed budget for 2024, which includes a significant 10% reduction in non-mandatory government spending alongside a notable increase in the defense budget. This proposal comes as the administration seeks to reduce the financial deficit and enhance military strength amid rising global tensions.
The Spanish Socialist Workers' Party has appointed <strong>Arkadi España</strong> as the new Finance Minister, a decision made during a critical time that demands new financial strategies. Previously, España served as the Secretary General for Regional Policy.