Budget

Japan approves 8.56 trillion yen stopgap budget for fiscal 2026 amid upper house delays

March 27, 2026 Reported by AI Image generated by AI

The Japanese government approved an 8.56 trillion yen stopgap budget on March 27 to fund operations for the first 11 days of fiscal 2026 starting April 1, due to stalled upper house deliberations on the main 122.31 trillion yen budget passed by the lower house earlier this month. This is the first such provisional measure in 11 years, backed by ruling and main opposition parties, and expected to pass parliament on March 30.

São Paulo mayor Nunes reallocates R$51.9 million from buses and elderly programs

São Paulo Mayor Ricardo Nunes (MDB) issued a decree on March 13 reallocating R$51.9 million from the 2026 budget, cutting bus subsidies and elderly programs to fund road works and Autódromo de Interlagos upgrades. The PT opposition criticizes the freezes, while city hall downplays the effect. Councilors demanded explanations from the Sports Secretariat.

Foreign affairs, education and health lead February budget execution

March 25, 2026 Reported by AI

Colombia's Ministry of Finance reported that Foreign Affairs, Education and Health had the highest budget executions at the end of February 2026, at 16%, 14.4% and 13.3% respectively. The overall average across sectors was 10.4%. Science, Technology and Innovation, Sports and Housing lagged with 2.7%, 2.5% and 1%.

Asia

BGN head assures MBG budget remains Rp 335 trillion

Politics

Japan's lower house passes FY2026 budget amid opposition outcry

Asia

Government to draft extra budget using excess tax revenue

Durigan plans larger expense block due to INSS queue

Dario Durigan, executive secretary of the Ministry of Finance, directs to anticipate a stricter expense block in the 2026 Budget to address pressures from reducing the INSS queue. This aims to signal realistic public accounts management in an election year. Analysts estimate a block between R$ 6 billion and R$ 10 billion to meet the fiscal target.

UBA demands government implement university financing law

March 11, 2026 Reported by AI

The University of Buenos Aires' Superior Council unanimously demanded that the national government implement the University Financing Law and ratified the budget emergency for 2026. The action addresses the lack of budget updates, which do not cover inflation or essential expenses. This endangers the institution's teaching, research, and health activities.

State House budget rises to Sh17 billion by mid-year

Kenya's State House budget for the 2025/26 fiscal year has doubled to Sh16.998 billion following mid-year supplementary allocations initially without parliamentary approval. This increase shows spending exceeding budgets of other nations' presidencies, such as the US and Germany. Experts warn of risks in exhausting the budget early and constitutional violations.

China boosts diplomatic budget by 9.3% as US leaves fiscal void

March 05, 2026 Reported by AI

China plans a 9.3 percent increase in foreign affairs spending this year, the highest in three years and outpacing the military budget's 7 percent rise. Analysts say this signals Beijing's intent to consolidate geopolitical clout amid escalating global instability. The United States shows signs of withdrawing from its role as a world leader.

March 24, 2026 20:07