Latest news with #expenditures
Al Arabiya
31-07-2025
- Business
- Al Arabiya
Saudi Arabia records $80 billion in Q2 2025 revenues
Saudi Arabia's total revenues reached $80.4 billion (301.6 billion riyals) in the second quarter of 2025, according to official figures. Government expenditures for the same period amounted to $89.5 billion (336 billion riyals), resulting in a budget deficit of $9.1 billion (34 billion riyals). Oil revenues for the quarter came in at $40.3 billion (151 billion riyals).
Yahoo
14-07-2025
- Business
- Yahoo
June produces mixed freight trends, recovery remains ‘elusive'
Freight volumes remained pressured in June, but expenditures stepped higher again on a year-over-year comparison. Uncertainty around trade policy continues to cloud shippers' decision making, extending an already prolonged freight downturn, according to a Monday report from Cass Information Systems. Freight shipments captured by the multimodal index fell 2.4% y/y during the month and were off 0.2% from May (with and without a seasonal adjustment). June marked 29 straight months of y/y declines for the dataset. The y/y decline in June was the smallest in seven months. On a two-year-stacked comparison, volumes were down 8.3%. June 2025y/y2-yearm/mm/m (SA)ShipmentsExpendituresTL Linehaul Index Cass' outlook calls for a 5% y/y decline in shipments during July, but noted a recent rise in imports could produce better-than-normal seasonal trends in the month. The report warned that inventory buildup by shippers to get ahead of tariffs will eventually lead to a destocking period, and that 'the effects of tariffs may worsen, as higher goods prices reduce affordability and real incomes.' 'With this outlook, the cycle upturn for the transportation industry remains elusive.' Conversely, Cass' freight expenditures dataset, which measures total freight spend including fuel, increased 2.6% y/y, a third consecutive y/y increase. The index was off 1.2% from May, 2.9% lower when seasonally adjusted. Netting the decline in shipments from the increase in expenditures shows actual freight rates were 5.2% higher y/y during the month. A higher percentage of truckload shipments with a lower mix of less-than-truckload moves drove the change to the inferred rate index. While a mix shift toward TL can be a positive indicator for the freight cycle, the report cautioned it is 'more likely a head-fake related to pre-tariff shipping.' Cass' TL linehaul index, which tracks rates excluding fuel and accessorial surcharges, increased 1.9% y/y, up 0.4% from May. June marked the sixth consecutive y/y increase in linehaul rates. The dataset is forecast to increase slightly this year after 10% and 3.4% declines in 2023 and 2024, respectively. Data used in the indexes comes from freight bills paid by Cass (NASDAQ: CASS), a provider of payment management solutions. Cass processes $36 billion in freight payables annually on behalf of customers. More FreightWaves articles by Todd Maiden: Carrier Logistics automates LTL shipment data entry ArcBest touts results from EV semi pilot Yellow Corp. selling 4 terminals for $4M The post June produces mixed freight trends, recovery remains 'elusive' appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
03-06-2025
- Business
- Bloomberg
China Holiday Spending Shrinks as Consumer Sentiment Stays Weak
Expenditures by Chinese consumers failed to pick up during the Dragon Boat Festival holiday even though more people hit the road, reflecting subdued consumer confidence in an economy reeling from US tariffs, despite a trade truce. A total of 119 million trips were made domestically during the three-day holiday, rising 5.7% from a year earlier. Travelers spent more than 42.7 billion yuan ($5.9 billion), up 5.9%, figures provided by the Ministry of Culture and Tourism on Tuesday showed.
Yahoo
09-05-2025
- Business
- Yahoo
By the #s: NM lobbyist expenditures approach $1 million in 2025, highest in at least five years
The Roundhouse shrouded in darkness on a recent night. New disclosure data from the Secretary of State's Office shows that 2025 saw the most lobbyist expenditures in recent years. (Photo by Patrick Lohmann / Source NM) Lobbyists reported spending nearly $1 million so far in 2025, the highest total in at least five years even though the year is far from over. State law requires lobbyists to disclose their expenditures by May 7 of this year, covering the period including the 2025 legislative session. Lobbyists must disclose costs for things like meals, entertainment, advertisements or other items of value they procure to influence lawmakers. As of Friday morning, about 70 of roughly 665 registered New Mexico lobbyists had not yet filed their legally required disclosures, according to Alex Curtas, spokesperson for the New Mexico Secretary of State's Office. So far this year, lobbyists spent a little more than $965,000, according to the latest filings. They are required to disclose expenditures again in October and then in January 2026. The biggest spender, by far, this year was Missi Currier, CEO of the New Mexico Oil and Gas Association. According to her latest spending report, she paid the McGuire Woods Consulting firm for multiple campaigns against various 'anti-industry' bills, often costing several thousands dollars at a time. She also disclosed a $166,000 payment to a consulting firm for a paid advertisement campaign. NM Governor nixes new license plates, state bread, lobbying disclosure In total, according to Secretary of State records, Currier paid more than $360,000 to influence lawmakers this year. That's more than one-third of the total lobbyist spending so far this year. Notably, Currier voluntarily disclosed some of the bill numbers she was lobbying against during the 60-day legislative session. They are House Bill 34, which would have required new environmental and health reviews to the state Oil Conservation Division's review process; Senate Bill 48, which creates a community benefit fund to tackle climate change; House Bill 35, which would prohibit oil and gas operations within a mile of schools; and Senate Bill 4, the Clear Horizons Act. All but Senate Bill 48 failed in the Legislature. Lawmakers this year tried to enact requirements for lobbyists to disclose what bills they were lobbying on, along with their employers' positions on those bills. National government transparency group Open Secrets recently ranked New Mexico near the bottom of the list nationally when it comes to lobbyist transparency. 60 days later, Cicero Institute's reason for NM lobbying still hidden from public Gov. Michelle Lujan Grisham earlier this year vetoed House Bill 143, the lobbyist disclosure bill. She wrote that, while she supported the bill's intent, it would impose 'an onerous requirement' on lobbyists and their employers and that some of its provisions were unclear. Without the requirement, much of the spending disclosed this week was categorized with vague descriptions such as 'dinner for lawmakers,' or 'lunch for Governor's staff.' New Mexico law also does not require lobbyists to disclose how much they're being paid. That means that, even as the number of disclosed lobbyist spending is increasing, it's still just the 'tip of the iceberg,' said Sen. Jeff Steinborn (D-NM), a cosponsor of the lobbyist disclosure bill. 'As eye popping as those numbers may be,' Steinborn told Source NM on Friday, 'I would submit it dwarfs what is being spent to hire the lobbyists themselves.' Mason Graham, spokesperson for good government group Common Cause, said the increase in lobbyist spending is disturbing given how little lobbyists are required to disclose and also reflects the sheer amount of power lobbyists have over a volunteer Legislature. 'Something that we continue to advocate for is increasing the length of the legislative session and for legislators to receive a salary,' he said. 'Without those two things, legislators are really kind of reliant on lobbyists.' See a chart below showing the top five biggest lobbyist expenditures each year for the last five years:
