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Taiwan: Special COVID-19 Law Revised to Increase Economic Relief Budget

(Apr. 30, 2020) On April 21, 2020, Taiwan’s Legislative Yuan passed an amendment to the Special Act for Prevention, Relief and Revitalization Measures for Severe Pneumonia with Novel Pathogens (Special Act) to increase the relief budget from 60 billion new Taiwan dollars (NT$, about US$2 billion) to NT$210 billion (about US$7 billion). (Art. 11.) The […]

Estonia: Government Boosts Defense Spending in 2019 Budget Bill

(Nov. 14, 2018) The government of Estonia approved the 2019 Budget Bill on September 26, 2018. (Press Release, Government of Estonia, Government Approves Budget for 2019 (Sept. 26, 2018), Government of Estonia website (in Russian).) The 2019 Budget Bill envisages total expenditures of 11.31 billion euros (€) (about US$12.8 billion). Owing to a positive economic […]

Italy: Amendments to the National Budget Law

(Oct. 6, 2016) On September 9, 2016, new legislation amending the national budget entered into effect in Italy. (Law No. 163 of August 4, 2016, Amending Law No. 196 of December 31, 2009, Concerning the Content of the Budget Law, Implementing Article 15 of Law No. 243 of December 24, 2012 (Law No. 163), GAZETTA […]