Keywords: Budget


Hannibal biopic starring Denzel Washington shelved over soaring production costs

The long-awaited historical epic centered on the legendary Carthaginian commander Hannibal has reportedly been abandoned after production costs climbed to a level considered financially unsustainable. The project, which had generated significant interest for casting Academy Award-winning actor Denzel......

U.S. ammunition stockpile recovery could take years, report says

The United States could require up to four years to rebuild key ammunition stockpiles following recent military operations, according to a report highlighting the growing challenges facing the country's defense supply chain. The report suggests that restoring inventories to desired levels will depend......

French lawmaker warns budget deficit could reach 7% by 2030 without spending reforms

French budget rapporteur Philippe Juvin has warned that France's public deficit could climb to 7% of gross domestic product by 2030 unless the government adopts deeper spending reforms, arguing that fiscal consolidation should rely on expenditure cuts rather than higher taxes. His comments come......

French government targets 0.4% rise in ministry spending for 2027 to tighten public finances

The French government has unveiled plans to sharply curb the growth of ministerial spending in its 2027 budget, proposing an increase of just 0.4% for most ministries as part of a broader effort to strengthen fiscal discipline. The proposed cap excludes defense expenditure and interest payments on public......

Pentagon faces higher projected costs for military operations involving Iran

The U.S. Department of Defense is reportedly facing significantly higher projected costs for military operations involving Iran, with internal estimates suggesting total expenses could far exceed earlier public figures. According to reports citing officials familiar with internal assessments, the overall......

U.S. House Republicans unveil $95 billion spending blueprint for defense, election and agriculture priorities

Republicans in the U.S. House of Representatives have introduced a $95 billion budget framework that would boost defense and intelligence spending while allocating funding to support the implementation of parts of former President Donald Trump's election integrity agenda. The proposal, released......

Peru approves $2.8 billion budget increase ahead of Keiko Fujimori’s inauguration

Peru’s Congress has approved a major budget expansion worth $2.8 billion to support infrastructure projects, public services and emergency preparations ahead of President-elect Keiko Fujimori’s arrival in office. The decision comes less than two weeks before Fujimori’s inauguration......

Hungary’s budget overhaul becomes first major test for Prime Minister Peter Magyar

Hungary’s Prime Minister Peter Magyar is preparing a major budget restructuring plan that will represent the first significant test of his government’s economic credibility since taking power after defeating long-time leader Viktor Orban. The reform package, expected by the end of August,......

Germany drafts €203 billion borrowing plan as defence and investment spending surge

Germany is preparing a significant expansion in public borrowing, with the federal cabinet expected to approve a draft 2027 budget featuring more than €203 billion in new debt, according to government sources cited in Berlin. The proposal reflects a sharp increase in state spending driven by defence......