David Brassington’s Post

The UK Government’s Autumn Budget means a direct decrease in the amount of money the Government will be spending to help those most in need across the world, including older people. The Treasury and the FCDO must take immediate steps to ensure that most of the Official Development Assistance (ODA) is spent in low and middle-income countries and not in the UK by other Government Departments. Age International expects the new Government to strengthen its ambitions to tackle global poverty, the climate crisis, and humanitarian crises across the globe, but the lack of a firm plan for returning to spending 0.7% of Gross National Income (GNI) on ODA further weakens the Government’s place on the global stage. Age International also expects the Government to fully embrace the realities of the multigenerational world we live in and to put the rights and needs of older people at the heart of its approach to international development. We hope next year’s spending review will bring better news for older people locally, nationally and internationally. While this budget limits the amount of money available to achieve this, we know that much more can be done within existing resources. We hope that every effort will be made to ensure the UK fulfills the pledge it made under the Sustainable Development Goals to ‘Leave No-One Behind.’ #Budget2024

Parliament Reviews MTBPS for Sustainable Growth and Social Development Goals Today in Parliament, committees will delve into Finance Minister Enoch Godongwana’s 2024 Medium Term Budget Policy Statement (MTBPS) delivered yesterday, examining how the budget’s adjustments align with South Africa’s social and economic goals: Debt Management and Fiscal Outlook: The MTBPS outlined measures to stabilize debt and reduce deficits, with debt projected at R6.05 trillion by 2025/26. The Finance and Appropriations Committees will discuss ways to implement these adjustments and the anticipated economic effects of achieving a 3.4% deficit reduction by 2027/28(Budget Speech '24). Infrastructure Development as Growth Catalyst: With a focus on essential infrastructure, the budget includes investments in critical areas like hospital construction, water systems, and renewable energy, emphasizing public-private partnerships to enhance service delivery. Parliament will assess how these investments can stimulate growth while addressing South Africa’s structural challenges(Budget Speech '24). Local Government & Social Services: Increased support is planned for local municipalities and provinces to build capacity for efficient service delivery, especially in high-priority areas like disaster response, education, and healthcare. Parliament’s discussions will explore how these allocations can drive meaningful, localized improvements. These discussions highlight Parliament’s role in ensuring the budget’s economic and social initiatives effectively support South Africa’s long-term resilience. #Infrastructure #EconomicStability #MTBPS #PublicService #Parliament

Ethiopia’s Cabinet Approves Record 2024/2025 Budget of One Trillion Birr Ethiopia’s cabinet has approved a 25% increase in the national budget for 2024/2025, raising it to approximately one trillion birr ($17.51 billion), according to the Prime Minister’s office. The new budget, which covers the fiscal year from July 8 to July 7, awaits parliamentary approval. If approved, it will be the largest budget in Ethiopia’s history as the government looks to fund development projects and support economic growth. The budget will be allocated for regular expenses for the federal government, for capital expenditure, support to regions, and support for the implementation of sustainable development goals. https://lnkd.in/e3ZQQAAB

💡Breaking it down! 🇬🇾 Here's a quick look at the key highlights from Guyana's 2025 National Budget. From infrastructure to education and more, see where the focus is for the year ahead! #Guyana #Budget2025 #BDO #AdvisorsoftheFuture

Have a look at some of the key changes coming with the 2025 budget of Guyana with BDO in Guyana's Infographic. #bdoguyana #2025budget #taxadvisors

All the government budget plan are allocated for expenditure plans. There are no major budget for subsidy or investment plans. Year in year out no proper fiscal plan has been in place to regenerate that money that is circulating within our economy. We are not even exporting enough to help flourish our foreign reserves to alleviate the forex issues we are facing. Our government is spending to maintain basic services and not investing into impactful projects that can bring back revenue to the country. Only handful are benefiting while majority are left out on many occasions of the projects causing richer to get richer and poorers to get poorer.

Parliament Reviews MTBPS for Sustainable Growth and Social Development Goals Today in Parliament, committees will delve into Finance Minister Enoch Godongwana’s 2024 Medium Term Budget Policy Statement (MTBPS) delivered yesterday, examining how the budget’s adjustments align with South Africa’s social and economic goals: Debt Management and Fiscal Outlook: The MTBPS outlined measures to stabilize debt and reduce deficits, with debt projected at R6.05 trillion by 2025/26. The Finance and Appropriations Committees will discuss ways to implement these adjustments and the anticipated economic effects of achieving a 3.4% deficit reduction by 2027/28(Budget Speech '24). Infrastructure Development as Growth Catalyst: With a focus on essential infrastructure, the budget includes investments in critical areas like hospital construction, water systems, and renewable energy, emphasizing public-private partnerships to enhance service delivery. Parliament will assess how these investments can stimulate growth while addressing South Africa’s structural challenges(Budget Speech '24). Local Government & Social Services: Increased support is planned for local municipalities and provinces to build capacity for efficient service delivery, especially in high-priority areas like disaster response, education, and healthcare. Parliament’s discussions will explore how these allocations can drive meaningful, localized improvements. These discussions highlight Parliament’s role in ensuring the budget’s economic and social initiatives effectively support South Africa’s long-term resilience. #Infrastructure #EconomicStability #MTBPS #PublicService #Parliament

Last week I analyzed the Federal Budget 2024: A Fair Future for Indigenous Peoples! In Canada's journey of reconciliation with Indigenous Peoples, the government's prioritization of the needs of First Nations, Inuit, and Métis communities, demonstrates the importance for self-determination and rights recognition. Initiatives such as the Inuit-Crown Partnership Committee, Métis Permanent Bilateral Mechanism, and Assembly of First Nations Permanent Bilateral Mechanism have strengthened partnerships. Additionally, the United Nations Declaration on the Rights of Indigenous Peoples Act was passed, accompanied by a five-year Action Plan co-developed with Indigenous partners. I dive deeper into this topic and key highlights of the 2024 Federal Budget regarding Indigenous populations in Canada. To check out my full article on Capital Hill Group's website, follow the link below! https://lnkd.in/eZyZbQXG #FederalBudget #IndigenousPeoples #Reconciliation #Canada #IndigenousRights

On April 16, Deputy Prime Minister and Finance Minister Chrystia Freeland delivered the 2024 Federal Budget. The budget focused on three themes: Solving the Housing Crisis, Fairness for Younger Generations, and Economic Growth and Productivity. Learn more about some of the highlights relevant to OMSSA Members and the human services sectors: https://ow.ly/Yu7N50RikJo

On April 16, Deputy Prime Minister and Finance Minister Chrystia Freeland delivered the 2024 Federal Budget. The budget focused on three themes: Solving the Housing Crisis, Fairness for Younger Generations, and Economic Growth and Productivity. Learn more about some of the highlights relevant to OMSSA Members and the human services sectors: https://ow.ly/Yu7N50RikJo