Indonesian president warns cabinet against overspending
Speaking during a routine cabinet meeting, Jokowi highlighted outsized spending by the country's security agencies including the defence ministry which has been modernising Indonesia's ageing military equipment.
Russia may revisit limits of budget rule to enable higher spending
Faced with a budget hole of US$42 billion so far this year, Russian officials acknowledged the need for more efficient budget spending, but clashed over the prudence of further increases in the tax burden.
Australian govt pledges US$10 billion in budget to ease cost of living
The government is set to unveil in the budget financial assistance for more than 5 million low-income families, small businesses and pensioners struggling with high power bills.
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