Austrian Far-Right Prepares to Trim Budgets to Dodge EU Penalties

The Austrian government, led by the far-right Freedom Party, is taking decisive steps to align its national budget with European Union regulations. Faced with the looming threat of financial penalties from Brussels, the coalition has announced plans to implement significant cuts across various sectors to maintain compliance with EU budgetary norms.

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Philippine President Marcos Approves 2025 National Budget, Adjusts Funding Allocations

In a significant move for the country’s financial planning, Philippine President Ferdinand Marcos Jr. has officially signed the national budget for 2025, amounting to ₱5.5 trillion ($97 billion). This decision, confirmed by the Department of Budget and Management (DBM), aims to bolster the nation’s economic recovery and enhance infrastructure development, education, and health services.

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