Nova Scotia auditor general reports $6.7B unbudgeted spending, raising concerns over fiscal health and legislative oversight.

The council accepted the ACFR for fiscal year ended June 30, 2025; auditors gave a clean opinion, the city's net position rose $5.1 million to $336.3 million, and the report flagged tighter operating budgets ahead.

Texas has established a new precedent in U.S. public finance by becoming the first state to incorporate Bitcoin into its strategic reserves through an initial

Sequim City Council adopted the 2026 regular property‑tax levy, including the 1% allowable increase, in a 6–1 roll call vote after a staff presentation laid out the projected $19,000 yield from the levy and additional receipts from new construction and refunds that together raise total receipts by about $50,000.

KUALA LUMPUR: The fiscal approach for Budget 2026 is comprehensively formulated to cover federal operating and development expenditure as well as catalytic investments by government-related entities, said Finance Minister II Datuk Seri Amir Hamzah Azizan. He said the entities include Government-Linked Investment Companies (GLIC), Government-Linked Companies (GLC), Federal Statutory Bodies (BBP) and Minister of Finance […]

Senators discuss revenue projections and budgetary resources during the Fiscal Affairs Committee meeting.

Officials highlight reduced jail populations and ongoing staffing requirements due to the Safety Act.

Investing.com -- Just one week after President Trump signed the “Big Beautiful Bill” into law, the administration is celebrating again. The U.S. government posted a budget surplus for June, driven in large part by Trump’s aggressive tariff policies. The June 2025 budget recorded a surplus of over $27 billion, the first monthly surplus since 2017. Economists had expected a deficit of $41.5 billion for the month. A key factor was the surge in customs duties, which totaled roughly $27 billion for the month. That’s up from $23 billion in May and a staggering 301% increase compared to June 2024. So far this year, tariff collections have reached $113 billion, up 86% from the same period last year. Much of the increase is tied to the across-the-board 10% import tariffs Trump implemented in April, in addition to the targeted reciprocal tariffs on individual countries. Despite the strong June surplus numbers, the broader fiscal picture remains challenging. The federal deficit for the year stands at more than $1.34 trillion. Interest payments on the national debt continue to be a major burden. Net interest totaled $84 billion in June alone, and $749 billion year-to-date, making it the second-largest federal expense after Social Security. Interest payments are on track to hit $1.2 trillion for the full fiscal year. President Trump has repeatedly called on Federal Reserve Chairman Jerome Powell to cut interest rates, arguing that lower rates would reduce debt servicing costs and “save billions.” With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

Namibia’s fiscal health showed marked improvement in March 2025 as the government’s net financial balance surged 65.9% to N$7.5 billion, up from N$3.9 billion in February, signaling reduced short-term liquidity pressures despite persistent medium-term fiscal uncertainties. The rebound, detailed in the latest Private Sector Credit Extension (PSCE) report from the

Fairfield County Auditor's responsibilities are varied as set forth in the Ohio Revised Code, and include being the chief fiscal officer of the county and the tax assessor among others.

Saara Kuugongelwa-Amadhila at the National Assembly, Windhoek, 28 April 2025 --- I rise to motivate the budgetary allocation for the National Assembly for the 2025/26 financial year. The National Assembly was allocated a total amount of one hundred and ninety-six million and fifty thousand Namibia dollars (N$196 050 000) for the 2024/25 financial year, of which one hundred and eighty-six million and fifty thousand Namibia dollars (N$186 050 000) was for operational activities, while ten million Namibia dollars (N$10 000 000) was for development expenditure (construction of guardhouses at the two entrances to parliament). In terms of budget execution, an amount of one hundred and seventy-two million, seven hundred and sixty-two thousand and seventy-three Namibia dollars (N$172 762 073) was spent, representing a 93% expenditure rate. Whereas provision was made under the capital budget for the construction of the two security guardhouses at the National Assembly, no expenditure could be realised due to implementation delays occasioned by challenges in sourcing technical services to complete technical drawings. As a consequence, that budget provision was suspended and the project has been deferred to the current MTEF (2025/26–2027/28). The procurement process is currently underway to enlist the services of a private consultant to come up with the technical drawings. The operational budget is clustered under two main programmes: Programme 1: Legislative management An amount of N$18 863 000 was allocated to this programme. During the year under review, Parliament participated in meetings of various multilateral parliamentary organisations. Parliament also conducted engagements with representatives of foreign governments and multilateral organisations accredited to Namibia. These engagements help promote dialogue and peaceful resolution of disputes. The Namibian parliament sent delegations to the Southern African Development Community Parliamentary Forum, Pan-African Parliament, Commonwealth Parliamentary Association and Inter-Parliamentary Union to promote parliamentary diplomacy and networking. As part of the benefits derived from our membership in international parliamentary organisations, the National Assembly signed a cooperation agreement with the Inter-Parliamentary Union on capacity building for members of parliament (primarily for women MPs) and staff. Programme 2: Policy coordination and support services This programme provides support to the oversight functions through administrative and technical support to the members. It is allocated an amount of N$167 187 000. Programme 2 is subdivided into five main divisions. During the year under review, the following activities were successfully executed: Committee services ✓ Parliamentary standing committees embarked on oversight visits to various offices, ministries and agencies and government facilities, leading to a number of recommendations on corrective measures and awareness on policy changes and practices that need to be undertaken. Information and publication services ✓ Public education visits to parliament were undertaken by various schools and institutions, as well as tourists. Educational tours were given to them about the work of the National Assembly. ✓ Live streaming of parliamentary sessions and activities has improved. However, this activity is hampered by the lack of necessary equipment, particularly mobile live-streaming equipment needed for coverage of standing committees’ oversight activities in real time. Information technology ✓ An assessment was done on IT infrastructure and recommendations were made for short-term and long-term solutions. Building maintenance ✓ Continuous maintenance of the parliament building was carried out. This is work in progress and will continue during the next financial year. Benchmarking initiatives ✓ Various capacity and benchmarking initiatives were undertaken to strengthen parliamentary diplomacy, the legislative processes and research, and to gauge best practices. Online bill tracking systems ✓ Parliament launched an online bill tracking system which is meant to record progress on bills from the time they are first introduced to when they are enacted into law. ICT policy framework An information communication technology (ICT) policy framework has also been developed to promote effective governance and efficiency of ICT tools. Research Research plays a pivotal role in supporting the National Assembly by providing non-partisan, balanced analysis and technical advice. Researchers support eleven standing committees. A review was undertaken of the standing rules and orders of the National Assembly, as well as the rules for the establishment, functioning and procedures of the standing committees. This is the first time since the establishment of our institution that we have embarked on a process to review the rules at such an extensive scale. These two sets of rules were adopted on 9 and 10 July 2024, respectively. During 2023/24, the National Assembly Strategic Plan 2023–2027 was finalised and launched on 8 January 2024. The strategic plan set the strategic direction for the National Assembly. The strategic objectives are to promote good governance and enhance service delivery. Table office During the period under review, twenty-two bills were tabled in the house, of which fourteen were passed without amendment and four with amendments. One was withdrawn and three lapsed at the end of the last sitting of the previous term. Additionally, twelve international instruments were tabled and adopted. Furthermore, six petitions were received from concerned citizens and groups, resulting in extensive public consultations and hearings by relevant standing committees. Pursuant to the democratic culture of our parliamentary system, members introduced and extensively debated twenty-one motions on issues of their particular interest.  Seventy-eight reports of the auditor general were tabled and referred to the Public Accounts Committee for further scrutiny, whereas twenty-seven annual and ministerial reports were tabled. Security and risks management services division This programme ensures the observance, compliance and mitigation of security risks at the National Assembly. Having stated our past performance, allow me to present the 2025/26 budgetary allocation to this house for consideration. The National Assembly has been allocated an amount of N$398 208 000, of which N$393 208 000 is for the operational budget and N$5 000 000 for the development budget. The National Assembly has clustered its activities under two main programmes: Programme 1: Legislative management An amount of N$18 705 000 was allocated to this programme, representing 5% of the operational budget. Programme 2: Policy coordination and support services An amount of N$374 503 000 is allocated to this programme, representing 95% of the total budget. Parliamentary coordination and support services is allocated an amount of N$53 159 000, of which N$48 159 000 (12%) is for operational expenditure, while N$5 000 000 is for development expenditure. The allocation under main division 02 is for material and supplies, transport, utilities, and building maintenance. * Library and information services is allocated N$22 932 000 (6% of operational budget) * Committee services is allocated N$280 770 000 (71%) * Office of the secretary is allocated N$19 325 000 (5%) * Office of the leader of the official opposition receives N$3 317 000 (1%) Challenges A number of challenges have been identified that constrain the work of Parliament and which will be amongst the priorities in the coming period, including future budgets. These include: ✓ Staff shortages, which compromise the support to members of parliament in the execution of their duties ✓ The increase in the number of standing committees from eight to twelve has placed further strain on the already limited research staff, jeopardising the efficacy of parliamentary functions ✓ Aged Parliament building infrastructure, which results in high maintenance costs ✓ Limited office space, compounded by the historical nature of the building ✓ Limited resources, which constrain efforts to fully implement and attain desired outcomes These issues will be amongst the priorities to be addressed to ensure that Parliament is appropriately capacitated to discharge its duties and functions. To conclude, I now submit to this house for approval an amount of N$398 208 000 for Vote 3, National Assembly, to meet its constitutional responsibilities and mandate. I thank you. Vote-3-National-AssemblyDownload The post National Assembly budget proposal highlights strategic priorities for 2025/26 appeared first on The Namibian.

Justice Minister motivates N$269.2 million budget to strengthen AG's Office NBC Online Fri, 05/02/2025 - 16:43

© Reuters. FILE PHOTO: Australian Treasurer Jim Chalmers arrives to attend a G20 finance ministers' and Central Bank governors' meeting at Gandhinagar, India, July 18, 2023. REUTERS/Amit Dave/File Photo US Dollar Australian Dollar 0.00% SYDNEY (Reuters) - Australian Treasurer Jim Chalmers said on Monday the Labor government has demonstrated it has room for the A$10 billion ($6.39 billion) worth of commitments made during its election campaign, downplaying S&P’s warning that the country’s AAA rating was at risk. ($1 = 1.5647 Australian dollars) 0 Latest comments

The Bank of Namibia (BoN) has announced a record-breaking dividend of N$720 million to the Government of the Republic of Namibia, marking the highest-ever payout in the central bank’s history. Governor Johannes !Gawaxab unveiled the milestone during the launch of the BoN’s 2024 Annual Report in Windhoek, attributing the achievement

Bob Jaros reveals Colorado's unmodified audit opinion during financial report presentation

Finance is the science of managing money. This introduction to finance article will discuss Personal Finance, Corporate Finance, Public (or Government) Finance