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Afghanistan

  • 377-billion-afghani (over 5.4 billion U.S. dollars) national budget 2018.
  • Of the total amount of the budget or 377.011 billion afghani, some 266.133 billion afghani will be allocated for ordinary budget, while 110.878 billion afghani for development budget.
  • Priorities for the supplementary budget are, according to the budget document: (1) infrastructure, (2) agriculture, (3) urban development and (4) culture and development.

Albania

  • The draft budget 2018 totals around € 3.7 billion.
  • The government will spend € 1.1 billion on pensions, social assistance programs, and other schemes for vulnerable peoples.
  • €307 million will be spent on education and other imperative sectors.
  • €87 million will be spent on military expenditures.
  • Kashar-Rrogozhina road, costing 310 million EUR.
  • Tirana-Thuman-Vora axis, costing 257 million EUR.
  • Three other important road infrastructure projects are the Milot-Balldren, Orikum-Himara, Kardhiq-Delvina.

Algeria

  • The Finance and Budget Committee of the National People's Assembly.
  • The budget is set at about 133 billion U.S. dollars.
  • Approved increases in subsidised gasoline and diesel prices for the third straight year.
  • The budget calls for a 25 percent rise in spending to 8.628 billion Algerian dinars after two years of cuts. In order to cover the extra expenditure the government has amended a law to allow the central bank to lend directly to the public treasury.
  • Alger - Houari Boumediene Airport tramway PPP project.
  • Two new tenders for Independent Power Producer and solar hybrid power projects will be issued by the end of Q2 2018.

Andorra

  • 2018 expenditures valued at 450,919,283 euros.

Angola

  • The Angolan Parliament approved the 2018 budget worth $45.69 billion.
  • The main focus will be on hiring more education and health staff, receiving upwards of AKz 84.3.
  • Aida Cristina housing project, located in Zango III area in Viana municipality in Angola. Estimated at: US$ 60 million.
  • Angola intends to rehabilitate 7000km of the country’s main road network.

Anguilla

  • 2018 expenditure valued at EC$287,901,916.

Antigua and Barbuda

  • $1.2 Billion Budget.
  • The APUA will therefore be prioritizing the replacement of water mains in 2018 , to improve not just the delivery but the quality of water provided across Antigua.
  • Approximately eighteen miles of roads along six major highways and roadways in Antigua will b e re - designed and constructed at a cost of US$66 Million.
  • The new Half Moon Bay resort will comprise of 47 ultra - luxury villas.
  • By the fourth quarter of 2018 , construction on this US$150 million to US$200 million property will begin.

Argentina

  • Capital spending, including infrastructure investments, will rise by 21.5 percent in nominal terms to remain at 1.9 percent of GDP.
  • Argentina said on Tuesday it received 32 bids for six road projects requiring around $8 billion in investment, in a big test of how public-private partnerships (PPPs) can help cash-starved Latin American governments beef up infrastructure.
  • 60 projects accounting for US$ 26,000 MM investment: Energy and Mining, Transport, Communications and Technology, Water, Sanitation and Housing, Health, Justice, and Education.

Armenia

  • “As a result, revenue is projected in the budget at AMD 1 trillion 308 billion, spending at AMD 1 trillion 307 billion and deficit at 156.9 billion,”
  • Renco company intends to start a process of thermal power station construction in Armenia.
  • According to the investment program, worth almost 300 million USD, it is expected to construct and put into operation 250 MW thermal power plant in 25-28 months.

Aruba

  • Unclear as to the state of the 2018 budget, yet the Kingdom of the Netherlands has stated it will not allow it to exceed the 2017 budget deficit of 155 million Aruban florins.

Australia

  • Budget deficit of $14.5 billion in 2018/19.
  • $2.4 billion will be invested into the technology infrastructure including: a national space agency, satellites, and country-wide GPS.
  • $75 billion will be invested in a rolling ten year infrastructure investment plan: Tulla Airport Rail, Western Sydney Airport rail, Brisbane Metro, Perth Metronet, The M1 upgrade on the Gold Coast.
  • $146 million will be allocated to improve infrastructure for elderly accessibility.
  • $3.5 billion to improve ‘freight routes’ (i.e. roads).
  • $550 million will be invested for housing in the Northern Territory.

Austria

  • The Budget Acts for 2018 and 2019 passed the National Chamber of Parliament on 19 April 2018.
  • The Federal Government’s measures for the budgets of 2018 and 2019, which in sum are to provide for 2.5 bn € of lower expenditure, ensure the continued decline of the debt ratio towards 60% of GDP and the fulfillment of other obligations resulting from the EU ’ s Stability and Growth Pact.
  • The central government Maastricht deficit of - 0 . 7% of GDP in 2017 is to decrease to - 0 . 4% of GDP in 2018 , and to level off at 0 . 0% of GDP in 2019.
  • The Federal Government has agreed on a restrictive expenditure path . With in the budget for 2018 the Austrian government will reduce administrative costs (by 1 bn €), subsidies (0.2 bn €), and spending for personnel of government - owned entities.
  • Overall, the cumulated budgetary effect of all these measures amounts to savings of 2.5 bn € .
  • For the years 2018 and 2019 positive expectations exist as well due to a solid global economic expansion and the US tax reform. In 2018 monetary policy actions should still play an essential role for financial market developments as gradual and cautious steps by the most important global central banks are still to be expected.
  • Decided by the Federal Minister of Finance and the Austrian Parliamentary Budget Office.

Azerbaijan

  • Estimated budget expenditures are 20.9 billion manats ( $ 12.29 billion dollars US ) , which is 23.7 % a nd 17,8% more than the actual expenditures of 2017 and 2016. Government expenditures will constitute 30,1% of the total Gross Domestic Product.
  • State capital investments are expected to rise by 82,9% during 2018 with most of that additional investment is going to be used for repair and reconstruction of buildings, roads and installations and purchasing non - financial assets.
  • The budget is based on an oil price of $45 per barrel and foreseeing 1.5 percent growth in gross domestic product (GDP) next year.
  • Fifteen agro-parks are planned to be launched in Azerbaijan in 2018.

Bahamas

  • B$ 2,150 Revenue, B$ 2,243.
  • $6 million for the construction of a new school in New Providence.

Bahrain

  • Bahrain will go ahead with imposing a value-added tax to strengthen state finances.
  • The International Monetary Fund has projected the government will run a huge deficit of 11.9 percent of gross domestic product this year.
  • The cabinet approved the budget with revenues for the year set at 2.2 billion Bahrain dinars (5.83 billion U.S. dollars) - 1.7 billion dinars (4.51 billion dollars) from oil and 500 million dinars (1.3 billion dollars) from non-oil sources, while spending will be 3.5 billion dinars (9.29 billion dollars).
  • The budget is based on oil prices at 55 dollars per barrel.
  • The budget deficit for 2017 is 3.45 billion dollars and 3.18 billion dollars for 2018.
  • 210 BD million dedicated towards housing services including the construction of houses.

Bangladesh

  • 2018-19, the total revenue income has been estimated at Tk.3,39,280 crore which is 13.4 percent of GDP.
  • 2018-19, the total expenditure has been estimated at Tk. 4,64,573 crore (18.3 percent of GDP).
  • Nine infrastructure projects, including Rooppur Nuclear Power Plant, Padma Bridge, Padma Rail Link and Metro Rail. Tk 32,555 crore has been set aside, which is around 19 percent of the development budget.
  • Other projects include: Dhaka Underground Metro Rail, circular railway and the second Padma Bridge have been included in the Annual Development Programme (ADP).

Barbados

  • Current Revenue of $3,134.8 million is expected.
  • Total expenditure is projected to be $4,479.8 million.
  • Barbados will begin projects including: National Tourism Programme, the Grantley Adams International Airport Pavement Rehabilitation Project (runway), the design and construction of Berth 6 at the Bridgetown Port, and the Water Infrastructure Rehabilitation Project.

Belarus

  • The budget is based on revenues of Br20.485 billion and expenditures of Br19.751 billion.
  • Belarus will begin construction of 30 facilities, including a kindergarten for 230 students, a secondary school for 765 students, a children’s art center and a multifunctional sports center in Ostrovets, a fire station in Brest, a bridge over the Pripyat River on highway P88 between Zhitkovichi and the Ukrainian border, and eight residential houses for families bringing up children left without parental care.

Belgium

  • Corporate Tax Rate, currently 33.99%, will be reduced to 29% in 2018 and in 2019, and will further decrease to 25% in 2020.
  • Belgium will also stimulate the economy by no longer requiring shareholders to pay a levy on the first €627 income on holdings, a measure proposed by Open VLD.
  • In other reforms, the rules on e-commerce will be adapted to cover night and Sunday work.
  • Taxes on construction will be lowered from 2018 to tackle social dumping – where contractors use foreign labour to avoid Belgian labour costs.

Belize

  • BZ$1.83 billion 2018-2019 national budget.
  • Construction of New Classrooms, Rural Water Supply Systems, Health Posts, and Hospitals in San Pedro and Belize City are priorities.
  • Construction will begin in 2018 and will be completed by 2020.
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