Champagne defends fiscal track as defence, infrastructure spending increases

War pause eases pressure on FY27 fiscal deficit target as govt sees improving outlook

The latest fiscal accounts nevertheless reflect the impact of front-loaded government spending.

Defense Appropriations Spending Increase Must Be Offset to Protect Taxpayers

By David Timmons.

Champagne defends fiscal track as defence, infrastructure spending ratchets up

OTTAWA — Finance Minster François-Philippe Champagne says the Liberals are keeping federal finances under control even as key defence and infrastructure spending details remain under wraps. Champagne told reporters today that Ottawa has been “very transparent” with Canadians about the pace of federal spending and the need to focus on what the government can control [] The post Champagne defends fiscal track as defence, infrastructure spending ratchets up appeared first on Loonie Politics.

Major bills loom as Delaware lawmakers face final day of session

As the final day of the 2026 legislative session approaches on Tuesday, several bills face uncertain futures, including a slate of property tax reforms and legislation that seeks to rein in healthcare costs. Also pending is the state’s perennially contentious capital budget that would distribute nearly 1.26 billion dollars to state building projects. The post Major bills loom as Delaware lawmakers face final day of session appeared first on Spotlight Delaware.

France’s National Assembly approves hike in military budget

Total defense spending under the 2024-2030 program will now increase from 400 to 436 billion euros

Investment, unity, support for Kyiv: the NATO Summit draws to a close. Rutte: “The Alliance is stronger than ever”

The final statement notes that in 2025, Europe and Canada increased their defence spending by over 139 billion. Contracts worth 50 billion and aid to Kyiv totalling 140 billion have been announced for 2026 and 2027

Citizenship-stripping and deportations: What are Italy’s ruling parties proposing?

Two of the parties in Italy's ruling coalition have put forward competing bills targeting foreigners in Italy. But what do they actually say?

Tax settings risk undermining Government’s golden visa success

Tax settings risk undermining Government’s golden visa success

Tax cuts, pay rises and text message changes on the way

A new financial year brings with it a raft of changes to government payments, tax rates and business reporting requirements.

Canada's next defence fight won’t be over spending. It’ll be over trust

Britain’s political upheaval exposed a simple reality: Defence spending without fiscal credibility is a political liability. Canada has bought itself time by revealing few details of its long-term plans. That changes this fall, when Ottawa must finally show Canadians how its NATO ambitions will be financed.

$37B Leak: Florida Lawmakers New Bill Forces Nationwide Crackdown On Medicaid Waste, Fraud

A new legislative push in Washington is targeting billions of dollars in improper government spending by tightening rules on how states track Medicaid funds. Senate Committee on Aging Chairman Rick Scott and U.S. Representative Gus Bilirakis introduced the Medicaid RAC Improvement Act of 2026, a bicameral bill designed to force all states to participate in [] 37B Leak: Florida Lawmakers New Bill Forces Nationwide Crackdown On Medicaid Waste, Fraud

Calling 353: Why we should celebrate the Twelfth of July

It is not for the reason you might think – but it DOES involve another bank holiday.

House panel advances $1.1T bill renaming Defense Department to Department of War

The House Appropriations Committee has advanced its 1.1 trillion defense spending bill for fiscal 2027, legislation that includes a provision to rename the Defense Department as the Department of War. The bill advanced out of committee Wednesday on a 34-27 party-line vote, handing President Trump a third win in his bid to officially rename the []...Click to read more

From Afterthought to Imperative

[Ottawa – February 16, 2026] Support for defence spending has reached historic highs. Once a lower-tier concern for Canadians, defence has surged to a near-pinnacle level. This shift is driven by deepening anxieties about the United States and growing fears over Canada’s sovereignty, security, and national identity. [...]

France’s Lescure Wants 2027 Budget That Brings Deficit Below 5%

French Finance Minister Roland Lescure said he will push for a finance bill for next year that brings a further improvement in public finances, and expects parliament “most likely” will allow a budget to pass.

Greece: A founding member of the Defence, Security and Resilience Bank – Strategic upgrade & benefits

The new multilateral bank aims to boost financing for projects in the fields of defense, security, technology, and critical infrastructure The post Greece: A founding member of the Defence, Security and Resilience Bank – Strategic upgrade benefits appeared first on ProtoThema English.

Which Is the Better Aviation ETF for Long-Term Investors: Defense-Focused MISL or Airline-Focused JETS?

Defense spending is surging while airline profits are under pressure. The choice between these two funds comes down to which story you believe in more.

One Year After the Big Beautiful Bill

One Year After the Big Beautiful Bill Dave Sat, 07/11/2026 - 11:21

Medicaid Work Requirements Are Rolling Out Now — Here Is What Your State Has to Do Before Millions Lose Coverage

Medicaid work requirements from the One Big Beautiful Bill are taking effect in multiple states in 2026. Here is what it means for coverage, who is at risk, and what states must do.

Will Starmer's plan for defence help UK hit Nato's spending target?

BBC Verify looks at what the big numbers around the Defence Investment Plan mean for spending on the military and hitting the government's pledges.

California is running short on money. Should the state boost police and firefighter perks?

This story was originally published by CalMatters. Sign up for their newsletters. The Legislature wants to make putting on a California police or firefighter uniform more lucrative. Three bills are moving forward that would either raise pay for state firefighters or boost retirement benefits for public safety personnel. Their supporters say the measures are meant []

Britain's defense spending blueprint through 2030 comes in $17B light

Britain's defense spending blueprint through 2030 comes in $17B light

House panel advances $1.1 trillion defense spending bill with Department of War name change

The House Appropriations Committee has advanced its 1.1 trillion defense spending bill for fiscal 2027, legislation that includes a provision to rename the Defense Department as the Department of War. The bill advanced out of committee Wednesday on a 34-27 party-line vote, handing President Trump a third win in his bid to officially rename the...

National debt interest and entitlement spending push FY2026 federal budget deficit toward $2 trillion

Federal spending on national debt interest, Social Security, Medicare and Medicaid drives the budget deficit 35 billion higher than last year.

DAF-to-DAF Giving Reached $7 Billion in 2024

Donors get tax deductions for putting money into DAFs so that money can go to real charities — but, instead, it’s cycling between investment portfolios. The post DAF-to-DAF Giving Reached 7 Billion in 2024 appeared first on Institute for Policy Studies.

IDF Disabled Veterans Org. warns of 'national disaster' amid exclusion in defense budget

The warnings came amid debate in 2026 defense spending discussions, in which the Finance Ministry rejected the Defense Ministry's petitions to increase spending by NIS 40 billion.

NATO Allies Already Spend 4% of GDP on Defense, Rutte Says

European allies and Canada have raised defense spending to about 4 of GDP, one year into NATO’s 10-year push toward a 5 target by 2035 (3.5 core defense, 1.5 security infrastructure), Rutte said ahead of the Ankara summit. This counters Trump’s recent criticism of allies’ commitment. Rutte wants concrete plans presented this week, though experts, including SIPRI, warn the vague 1.5 “resilience” definition risks “creative accounting.” EU core defense spending rose 20 in 2025, to 418 billion.

Breaking: Tax Shelters [Ironic]

[link] [2 comments]

Saskatchewan overspends by $1 billion as CTF urges spending restraint

The Saskatchewan government spent roughly 1 billion more than planned in the 2025-26 fiscal year, prompting renewed criticism from the Canadian Taxpayers Federation (CTF), which says the province must rein in spending and reduce its reliance on borrowing.

OBR: Labour Tax & Spend Has Made British Economy Unsustainable

The OBR has published a new report looking at the sustainability of the public finances via scenarios for tax, spending, and debt over 50 years. It’s not pretty It runs scenarios for state finances. Some key findings: Debt hits 300 of GDP by the 2070s on current policy. In the OBR’s baseline, public sector net debt

Weekly Indicators: Still Strong Spending, Tepid Tax Payments

Weekly Indicators: Still Strong Spending, Tepid Tax Payments

Asia defence spending

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Ministry of Finance, IMF review UAE's fiscal outlook, public finance priorities

Ministry of Finance, IMF review UAE's fiscal outlook, public finance priorities

Republican bill aims to punish Canadian provinces with U.S. alcohol bans

The legislature comes as eight Canadian provincial governments levied restrictions on U.S. alcohol imports following U.S. President Donald Trump's tariffs last year.

Sky News Slammed for Welfare Cuts 'Nonsense'

The UK’s welfare bill is lower than it was 15 years ago as a proportion of national income. But mainstream media keep pushing the idea that it needs to be slashed so we can spend more on “defence”. When economist Jonathan Portes was asked on Sky News where the welfare bill could be cut – he called out the broadcaster for asking a "nonsense" question. The idea that welfare spending is out of control “is just wrong," he said.

$1trn economy: FG targets stronger development finance, private capital

By Progress Godfrey The Federal Government has called for stronger development finance and greater private capital mobilisation to support its 1 trillion economy ambition, stressing that public funds alone cannot finance the country’s plan. Speaking at the Bank of Industry (BoI) Development Partners’ Roundtable and presentation of the 2025 Annual Development Impact Report (ADIR) in Abuja, [] The post 1trn economy: FG targets stronger development finance, private capital appeared first on Vanguard News.

Trump team wants to withhold millions in Homeland Security funds from states who do not back election reform: report

The federal funds are traditionally used by states to support counterterrorism and disaster preparedness efforts

California Lawmakers Seek ‘Forever Chemicals’ Protections Despite EPA Rollbacks

State and federal legislation could help clean cancer-causing contaminants from hundreds of California water systems. One bill was diluted under industry pressure. The post California Lawmakers Seek ‘Forever Chemicals’ Protections Despite EPA Rollbacks appeared first on .

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

Interest payments on the debt are now so large that the spending is higher than the outlays for the Departments of Defense, Commerce, Homeland Security, Education, the Environmental Protection Agency, the Small Business Administration, and the U.S. Coronavirus Refundable Credits scheme—combined.

राष्ट्रियसभामा ६ विधेयक टेबुल

काठमाडौँ। राष्ट्रियसभाको बैठकमा विभिन्न ६ विधेयक टेबुल गरिएको छ। राष्ट्रियसभाको आजको बैठकमा सभाका सचिव तुलबहादुर कँडेलले ‘आर्थिक विधेयक, २०८३’, ‘राष्ट्र ऋण उठाउने विधेयक, २०८३’, ‘सार्वजनिक खरिद (दोस्रो संशोधन) विधेयक, २०८३’, सम्पत्ति शुद्धीकरण (मनी लाउण्डरिङ) निवारण (तेस्रो संशोधन) विधेयक, २०८३’ का सम्बन्धमा प्रतिनिधिसभाबाट प्राप्त सन्देश राष्ट्रियसभा समक्ष टेबुल गरेका हुन्। सचिव कँडेलले सहकारी (पहिलो संशोधन) विधेयक, []

The NSW budget explained in five charts

Here are the key details that shed light on the state’s finances, the economic outlook and what lies ahead for households and consumers.