2018 budget news

Here are some key points from the 2018 budget news:

United States:

• The 2018 federal budget was signed into law by President Donald Trump on February 9, 2018.
• The budget increased defense spending by $165 billion over two years, while non-defense discretionary spending was cut by $72 billion.
• The budget also included a $1.5 trillion tax cut, which was passed as the Tax Cuts and Jobs Act (TCJA) in December 2017.
• The budget deficit was projected to increase to $804 billion in 2018, up from $665 billion in 2017.

Canada:

• The 2018 federal budget was tabled by Finance Minister Bill Morneau on February 27, 2018.
• The budget included a plan to balance the budget by 2022, with a projected surplus of $1.1 billion in 2022-23.
• The budget also included increased funding for healthcare, education, and social programs, as well as a new Canada Training Benefit to help workers upgrade their skills.
• The budget deficit was projected to decrease to $18.1 billion in 2018-19, down from $23.7 billion in 2017-18.

United Kingdom:

• The 2018 budget was delivered by Chancellor of the Exchequer Philip Hammond on November 22, 2017.
• The budget included a plan to increase the national living wage to £9.05 per hour in 2018, and to £9.50 per hour in 2020.
• The budget also included a plan to increase the income tax threshold to £12,000, and to reduce corporation tax to 17%.
• The budget deficit was projected to decrease to £25.5 billion in 2018-19, down from £39.5 billion in 2017-18.

Australia:

• The 2018 federal budget was tabled by Treasurer Scott Morrison on May 8, 2018.
• The budget included a plan to return the budget to surplus by 2020-21, with a projected surplus of $7.4 billion in 2020-21.
• The budget also included increased funding for healthcare, education, and infrastructure, as well as a new National Housing and Homelessness Agreement.
• The budget deficit was projected to decrease to $14.5 billion in 2018-19, down from $23.6 billion in 2017-18.

These are just a few examples of the 2018 budget news from around the world. If you're looking for more information on a specific country or topic, feel free to ask!