U.S. President Donald Trump has asked lawmakers to approve a massive $1.5 trillion defense budget for 2027, as the country faces rising costs from its war with Iran and mounting global security commitments. https://www.japantimes.co.jp/news/2026/04/04/world/us-defense-budget-iran-war/?utm_medium=Social&utm_source=mastodon #worldnews #congress #us #middleeast #defense #usmilitary #iran #israel #budgets #donaldtrump #republicans #democrats

The Japanese government's fiscal 2026 budget is expected to be enacted as early as Tuesday, as it appears the ruling coalition has secured a majority of votes in the Upper House. https://www.japantimes.co.jp/news/2026/04/03/japan/politics/japan-budget-upper-house/?utm_medium=Social&utm_source=mastodon #japan #politics #diet #budgets #ldp

https://www.theguardian.com/commentisfree/2026/apr/02/iran-war-expenses-cuts-america-power-dollarization; https://www.theguardian.com/commentisfree/2026/apr/01/inflationary-shock-pay-the-price-uk-energy-crisis-us-iran-war. "The upshot for #Americans is that this country will be less powerful globally. The ability to apply #financial #sanctions only works if you control the levers of international #finance... Our #borrowing #costs will also go up as #demand for the #dollar diminishes - which means higher #prices... In the longer term it may also mean #austerity - if we can’t borrow to finance #spending... we’ll have to cut expenses to balance #budgets."

The ruling Liberal Democratic Party has given up on enacting the government's fiscal 2026 budget bill this week. https://www.japantimes.co.jp/news/2026/04/02/japan/politics/ldp-budget-giving-up/?utm_medium=Social&utm_source=mastodon #japan #politics #ldp #sanaetakaichi #budgets #cdp

The Lower House on Monday passed an emergency ¥8.56 trillion stopgap budget that is also expected to be approved in the Upper House, providing funding for basic services until April 11 at the latest. https://www.japantimes.co.jp/news/2026/03/30/japan/politics/provisional-budget-passes/?utm_medium=Social&utm_source=mastodon #japan #politics #budgets #sanaetakaichi #ldp #nipponishinnokai

Now that the Japanese government's fiscal 2026 budget bill will likely not be enacted by the end of fiscal 2025 on Tuesday, some in the ruling Liberal Democratic Party are looking to pass the budget on April 7. https://www.japantimes.co.jp/news/2026/03/29/japan/politics/fy-2026-budget-passage/?utm_medium=Social&utm_source=mastodon #japan #politics #sanaetakaichi #upperhouse #budgets #ldp #diet

The government adopted a stopgap budget plan with about ¥8.5 trillion in general-account spending on Friday to cover expenditures for the first 11 days of fiscal 2026. https://www.japantimes.co.jp/news/2026/03/27/japan/politics/stopgap-budget-adoption/?utm_medium=Social&utm_source=mastodon #japan #politics #financeministry #budgets #satsukikatayama

Post-secondary institutes in Alberta look to staff cuts to manage strained budgets
Post-secondary institutions in northern Alberta say they are faced with hard decisions as financial pressures mount. NorQuest College and University of Alberta are some of the latest to announce reductions to staffing.
https://www.cbc.ca/news/canada/edmonton/alberta-postsecondary-budget-cuts-9.7142248?cmp=rss

Spike in cost of diesel threatens consumer wallets, global supply chain: experts
While the spike in the price of gasoline is squeezing consumer budgets, the skyrocketing price of diesel could soon have consumers digging even deeper into their pocket.
#Consumer #Economy #Money #Traffic
https://globalnews.ca/news/11746399/spike-cost-diesel-consumers-wallets-global-supply-chain/