Mamdani Savings Fall Short: $200M vs $1.7B Goal

Mamdani Administration Falls Short of Promised Budget Savings March 27, 2024 – New York City Hall New York City Mayor Zohran Mamdani’s office announced Wednesday a proposed $200 million in budget savings, a figure dramatically lower than the $1.7 billion reduction the administration had previously pledged. The announcement came as the city’s budget director faced … Read more

Indonesia Budget Cuts: Purbaya Demands Agency Restraint

Indonesia Tightens Fiscal Belt: Ministries Face Budget Scrutiny Amidst Economic Stability Jakarta – The Indonesian government is signaling a period of increased fiscal prudence, with Minister of Finance Sri Mulyani Indrawati imposing limitations on new budget submissions from ministries and agencies. This move, coupled with calls from the National Development Planning Agency (Bappenas) to curtail … Read more