Sections
News in perspective
tafs uz
News

budget

News about budget: events, facts and developments on tafs uz.

45 stories

World

Five European Commissioners Oppose Cuts to the Global Europe Budget

Five European commissioners for external policy, including foreign policy chief Kaja Kallas, sent a letter against the proposed 17.4% cut to the Global Europe instrument put forward by the Irish presidency of the EU Council. They warn of risks to EU influence, enlargement, migration and climate policy. EU leaders largely rejected the proposal at the summit, and António Costa is preparing a new compromise ahead of the special summit on 26 November.

Sevara Azamova
3 min read
World

Clashes in Buenos Aires at fifth march for university funding

Thousands of students, faculty and union activists gathered outside Congress in Buenos Aires demanding that Javier Milei's government comply with the university funding law. The rally was mostly peaceful, but clashes with police broke out: water cannons and tear gas were used, with injuries and detentions reported. The government refuses to release funds despite Congress overriding the veto and court rulings.

Otabek Yusupov
3 min read
Economy

Bundestag approves phased tobacco tax increase: a pack of cigarettes could cost almost €12 by 2030

Germany's lower house of parliament voted for a phased increase in the tobacco tax from 2027 to 2030. The average price of a pack of 20 cigarettes will rise from about €8.05 to €11.36, with some premium brands costing up to €14. The government expects to receive an additional around €12 billion over four years, citing the budget and healthcare. The opposition and the tobacco industry criticize the reform, warning of a growing black market.

Nilufar Karimova
3 min read
Economy

UK banks brace for tax rises in the budget

According to the BBC, Chancellor John Healey is considering raising taxes on the banking sector ahead of the budget. Options under discussion include restoring the corporation tax surcharge from 3% to 8%, raising the bank levy, or a moratorium on loss relief. The four biggest banks earned about £15bn in six months; the industry warns of a threat to competitiveness.

Dilnoza Rahimova
4 min read
Economy

UK economy unexpectedly grew by 0.1% in August against forecasts

UK GDP grew 0.1% in August against forecasts of a 0.1% decline. Chancellor John Healey called it a 'sign of resilience' ahead of the 28 October budget. Over three months growth was 0.7%, with computer programming the main contributor. The opposition and Liberal Democrats were sceptical about the data, and analysts warn of inflation risks.

Dilnoza Rahimova
4 min read
World

Greta Thunberg joins French high school protests amid fifth wave of mobilization and budget debates

France saw a fifth wave of high school student protests against learning conditions: teacher shortages, dilapidated buildings and overcrowded classrooms. Greta Thunberg joined the demonstration in Saint-Denis. Around 200 high schools are closed, and the National Assembly is debating the 2027 budget with a €1.2 billion increase in education spending, which critics consider insufficient.

Aziz Karimov
4 min read