Pakistan on Friday unveiled a budget that will raise taxes for the wealthy and privatise government assets as the...

China is pulling out more than 400 billion yuan ($58 billion) from next year's budget to help local governments cope with costs such as tax breaks and fee cuts

The economy is forecast to expand by a robust 4.5% this financial year, up from the 3.75% tipped in December, as net overseas migration surges

The funds will mainly facilitate value-added tax credit refunds and increase the central government's transfers to local governments

The defence budget increase was mentioned in a draft budget report issued at the opening of the annual session of the National People's Congress (NPC) on Saturday

City will offer tax breaks, handouts and subsidies to small businesses and residents to mitigate the impact of a new restrictions to curb Covid-19 infections, the country's top finance official said

The transport and financial hub is forecast to grow 3-5% this year after expanding at its fastest annual pace in over a decade in 2021

The government would target a much lower recovery on account of the petroleum levy than the budgeted 610 billion rupees for the current year

Asia's third-largest economy is estimated to expand 9.2% in fiscal year that ends in March following a contraction of 7.3% in the previous year

Hong Kong should record a consolidated budget deficit for the 2021/22 fiscal year of HK$9 billion ($1.1bn), much less than the government’s original estimate of HK$101.6bn, accounting firm said.

The $508 million approved will cover the first quarter of 2022 and is almost entirely dedicated to funding government institutions

The level of stimulus spending has been in focus as Fumio Kishida's government has faced pressure from both sides within the ruling party