Budget news — August 29, 2026

5 publications

1. SocietyBudgetTaxTrade

   Aug 29, 2026, 21:25 UTC

   

   Extension and Expansion of Residence Renovation Program

   The residence renovation program has been extended until September 30, 2023. The criteria for funding have been expanded, lifting the restriction on applying for more than one closed residence.

   6 sourcesSee all sources
2. SocietySoutheast AsiaBudgetFraud

   Aug 29, 2026, 11:32 UTC

   

   FDA Cancels Cipla Pune Unit's Drug Sale Licence Over Reactin Plus Irregularities

   The Maharashtra Food and Drug Administration (FDA) has cancelled the drug sale licences of Cipla Pharma & Life Sciences Ltd's Carry and Forwarding (C&F) unit in Pune over serious irregularities related to the packaging, storage, record-keeping and recall of Reactin Plus Tablets. The cancellation came into effect on August 27 following an inspection of the company's main warehouse at Wadki in Pune district. The regulator found that medicines were stored directly on the floor, there were deficiencies in procedures for handling expired medicines, and Reactin Plus tablets were misbranded with unauthorised claims. Stock worth Rs 11.19 lakh was seized, and the company was directed to recall the drug from the market but did not fully comply. The FDA subsequently issued a show-cause notice, and after examining the company's explanation, found that the deficiencies and recall directions had not been adequately complied with.

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3. WorldBudget

   Aug 29, 2026, 08:22 UTC

   

   Ukraine's 2027 Budget Deficit May Exceed Projections

   Ukraine's budget deficit in 2027 could be higher than planned, according to multiple media reports. The increased deficit may require additional funding from the European Union. Negotiations with the International Monetary Fund have faced challenges due to politically sensitive demands from Ukraine's second-largest lender.

   5 sourcesSee all sources
4. U.S.RegulatorsBudgetOil & Gas

   Aug 29, 2026, 02:45 UTC

   U.S. Official Announces 100-Year Oil Concession in Venezuela

   A U.S. official has revealed that a company will be granted a 100-year concession for Venezuelan oil fields, according to reports from The Financial Times.

   2 sourcesSee all sources
5. BusinessBudget

   Aug 29, 2026, 02:39 UTC

   

   2027 Budget Increase by $59.3 Trillion

   The 2027 budget has increased by $59.3 trillion due to a debt surge and earthquake needs. The increase will be spent on various ministries, with some receiving up to 44.8% more money. Key functions like Education and Health will receive significant portions of the resources, with Education set to receive more and Health less than the current year.

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