बजट
Housing minister Poduje announces reversal of Colonia Dignidad expropriation
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Housing Minister Iván Poduje announced the government will reverse the Colonia Dignidad expropriation decree due to budget constraints. The move aims to prioritize housing and reconstruction funds but has drawn opposition criticism for overlooking memory and human rights commitments. PS and Frente Amplio lawmakers call for dialogue with President José Antonio Kast.
São Paulo Mayor Ricardo Nunes (MDB) issued a decree on March 13 reallocating R$51.9 million from the 2026 budget, cutting bus subsidies and elderly programs to fund road works and Autódromo de Interlagos upgrades. The PT opposition criticizes the freezes, while city hall downplays the effect. Councilors demanded explanations from the Sports Secretariat.
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The Japanese government approved an 8.56 trillion yen stopgap budget on March 27 to fund operations for the first 11 days of fiscal 2026 starting April 1, due to stalled upper house deliberations on the main 122.31 trillion yen budget passed by the lower house earlier this month. This is the first such provisional measure in 11 years, backed by ruling and main opposition parties, and expected to pass parliament on March 30.
The South Korean government plans to swiftly prepare a supplementary budget using excess tax revenue to ease livelihood burdens from the Middle East conflict, without issuing additional state bonds. This follows an order from President Lee Jae Myung. The budget will focus on alleviating logistics and fuel costs while supporting low-income households.
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Dario Durigan, executive secretary of the Ministry of Finance, directs to anticipate a stricter expense block in the 2026 Budget to address pressures from reducing the INSS queue. This aims to signal realistic public accounts management in an election year. Analysts estimate a block between R$ 6 billion and R$ 10 billion to meet the fiscal target.
As the municipal elections on March 15 and 22 approach, candidates rarely discuss cultural projects despite the deep ties between culture and local authorities. The cultural sector, previously shielded, is now a budgetary adjustment variable for cash-strapped municipalities. Local funding, vital for culture, faces increased constraints since 2024.
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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.
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