French Prime Minister Sebastien Lecornu survived two no-confidence votes in parliament on Thursday, winning crucial backing from the Socialist Party.
The French presidency announced Prime Minister Sebastien Lecornu's new cabinet line-up on 12 October, with most top jobs remaining unchanged at a time when opponents are demanding a political shift to win their support for urgent budget talks.
French President Emmanuel Macron will appoint a new prime minister within 48 hours, his office said Wednesday, following the resignation of Sebastien Lecornu amid political deadlock.
Caretaker French Prime Minister Sebastien Lecornu struck a cautiously optimistic tone on Wednesday (8 October), saying a deal could potentially be reached on the country's budget by year end, making the risk of a snap election more remote.
Italy’s ruling League party has said domestic banks should contribute around €5 billion ($5.85 billion) towards the 2026 budget.
Hungarian Prime Minister Viktor Orban has sharply criticised the European Commission’s proposed budget, warning it could lead to the EU’s collapse.
Australia has confirmed a $1.3 billion missile deal with the U.S., highlighting its defence priorities, while stopping short of committing to Washington’s 3.5% GDP spending target.
South Korea’s new administration proposed $14.7 billion in additional spending on Thursday to boost weak domestic demand, as President Lee Jae Myung pushes economic recovery as his top priority.
The U.S. Congressional Budget Office (CBO) has released its latest forecast on the budgetary and income distribution impacts of the tax reform bill dubbed “The Great Beautiful Bill,” approved on 22 May in the House of Representatives under President Donald Trump.
The UN Human Rights Office is facing a severe financial crisis, with a shortfall of over $60 million, threatening its global operations and staffing in 11 countries.
Pakistan’s 2025-26 federal budget cuts overall spending by 7% but raises defence expenditure by 20% amid recent conflict with India, aiming to balance economic growth with increased military costs.
The European Commission has unveiled a draft budget for 2026, building on the mid-term revision of the 2021–2027 long-term financial framework. The revised plan responds to recent global challenges—including energy crisis, and rising geopolitical tensions—and aligns spending with the EU priorities.
Australia is set to accelerate A$1 billion in defence expenditure in Tuesday’s federal budget, as part of a broader effort to enhance its military capabilities, Defence Minister Richard Marles announced on Monday.
Ghana's parliament approves a $4.65 billion provisional budget, averting a shutdown as John Mahama prepares to take office amid economic and energy sector challenges.
The fall of the government leaves France without a clear path toward reducing its budgetary deficit, credit rating agency Standard and Poor's (S&P) said on Thursday.
France’s minority government is on the verge of collapse. It's after Prime Minister Michel Barnier pushed through the 2025 budget without a parliamentary vote and a no confidence vote looks likely on Wednesday.
The Azerbaijani government has announced its proposed 2025 state budget, prioritizing socio-economic development, national security, and post-conflict reconstruction in line with the directives of President Ilham Aliyev.
Kazakhstan is advancing efforts to cut imports of finished goods by bolstering domestic production. The initiative was a focal point during a Senate plenary session attended by Prime Minister Olzhas Bektenov and government officials.
Armenia is preparing to increase its defense budget substantially in 2025, with planned military spending expected to reach around $1.71 billion
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