Budget

Minister Blade Nzimande has called for an African-led science and innovation agenda while tabling a budget exceeding R10 billion in Parliament. The funds aim to advance research and development across the continent.

May 13, 2026 Reported by AI

The Principal Secretary for Housing has requested Parliament to approve an additional Ksh150 billion to address a funding shortfall in Kenya’s affordable housing programme. Charles Hinga made the appeal during a committee meeting on May 13.

Chile's Ministry of Hacienda sent a decree to the Comptroller General to cut $17.581 million from the Transient Emergency Fund for reconstruction after the Viña del Mar fires. The cut equals 3.5% of the $502.069 million budgeted for this year. It is part of a larger $150.379 million reduction in public treasury spending.

April 29, 2026 Reported by AI

German Finance Minister Lars Klingbeil (SPD) detailed specific savings targets for the 2027 federal budget at a press conference in Berlin. The measures aim to close a 111 billion euro financing gap. The largest cuts target pensions at four billion euros.

Sweden's opposition parties have unveiled their shadow budgets for spring 2026, with increased electric vehicle support as a rare common thread. They sharply criticize the government while proposing economic and welfare measures. Key proposals target electric cars, child benefits, and jobs for the long-term unemployed.

April 28, 2026 Reported by AI

Fernando Peña, national director of the National Board of School Aid and Scholarships (Junaeb), ruled out on Monday any cuts to the continuity of the School Feeding Program (PAE). The statement follows a memo from the Ministry of Finance suggesting a review of 15 initiatives from the Ministry of Education, including PAE, for the 2027 Budget. Peña met with representatives from 12 federations of food handlers to address the issue.