2019 budget news
Here are some key points from the 2019 budget news:
United States:
- The 2019 federal budget was signed into law by President Donald Trump on December 20, 2018.
- The budget increased defense spending by $82 billion, or 4.6%, to $686 billion.
- Non-defense discretionary spending was cut by 5% to $555 billion.
- The budget also included a $1.4 trillion tax cut package, which was passed in December 2017.
- The budget deficit is projected to reach $984 billion in 2019, up from $779 billion in 2018.
United Kingdom:
- The 2019 UK budget was delivered by Chancellor of the Exchequer Philip Hammond on October 29, 2018.
- The budget included a £30 billion increase in public spending, with a focus on the National Health Service (NHS) and education.
- The budget also included a £20 billion increase in the UK's defense spending over the next five years.
- The budget deficit is projected to fall to 1.1% of GDP in 2019-2020, down from 1.3% in 2018-2019.
Canada:
- The 2019 Canadian federal budget was delivered by Finance Minister Bill Morneau on March 27, 2019.
- The budget included a $19.8 billion increase in federal spending, with a focus on healthcare, education, and infrastructure.
- The budget also included a $1.1 billion increase in funding for the Canada Child Benefit, a program that provides financial assistance to low- and middle-income families.
- The budget deficit is projected to reach $14.9 billion in 2019-2020, down from $18.1 billion in 2018-2019.
Australia:
- The 2019 Australian federal budget was delivered by Treasurer Josh Frydenberg on May 2, 2019.
- The budget included a $4 billion increase in funding for the National Disability Insurance Scheme (NDIS), a program that provides support for people with disabilities.
- The budget also included a $1.1 billion increase in funding for the Australian Defence Force.
- The budget deficit is projected to reach $4.6 billion in 2019-2020, down from $10.1 billion in 2018-2019.
European Union:
- The 2019 EU budget was agreed upon by EU leaders on June 20, 2019.
- The budget includes a 2.1% increase in funding for the EU's common agricultural policy and a 1.4% increase in funding for the EU's cohesion policy.
- The budget also includes a €1.4 billion increase in funding for the EU's defense and security policy.
- The budget deficit is projected to reach 1.1% of EU GDP in 2019, down from 1.3% in 2018.
These are just a few examples of the 2019 budget news from around the world. If you're looking for more information on a specific country or region, feel free to ask!