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The Latest Breaking News from Finance

Mayor-elect Johnson forges ‘Unity Plan’ to reorganize the new City Council

The plan shrinks the number of Council panels from 28 to 20. Pat Dowell, whose switch of support from Lightfoot to Johnson was crucial to his victory, will be finance chair.

Chicago Sun-Times

Karuthalum Kaithangum adalat held at Karunagapally

Technical glitches in the files should not affect the delivery of services to the public, Finance Minister K.N. Balagopal has said.

The Hindu

Finance Minister Nirmala Sitharaman to review state of economy at FSDC meeting on May 8

Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) on May 8.

The Hindu

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Public service audit reveals $20.8b spent on external contractors and consultants in 2021-22

An audit of the Australian Public Service workforce has found that $20.8 billion was spent hiring tens of thousands of external contractors and consultants in the 2021-22 financial year, most of which saw the Liberal-National Coalition in power.

ABC News

Ministry sets targets for tax reform

The Finance Ministry has set four targets for tax reform, aiming to boost revenue to cover expenses and deal with future economic uncertainties, says Fiscal Policy Office director-general Pornchai Thiraveja.

Bangkok Post

Federal government to scrap 'polarising' ParentsNext welfare scheme in next week's budget

A series of parliamentary inquiries found the mutual obligations element of the program to be punitive and "akin to coercive control".

ABC News

Govt to pick up some flood retreat costs insurance firms can't cover

Facing resistance to moving people off disaster-prone family land, Finance Minister Grant Robertson must use this month's Budget to meet some of the anticipated $8 billion shortfall in rebuild costs, writes Jonathan Milne.

Newsroom.co.nz

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Who are you going to call? Finance hopes not ghost networks - Roll Call

A Senate Finance Committee hearing tackles insurance directories that provide inaccurate, outdated provider information.

Roll Call

SEC board authorised to name acting secretary-general

The board of the Securities and Exchange Commission (SEC) is permitted to name an acting secretary-general if the current government fails to endorse an SEC chief by the end of the month, according to Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

DoorDash's new CFO started as an engineer and now oversees a finance team of over 400

"Finance cannot just be a reporting function," says Ravi Inukonda.

Fortune

Mayor-elect warned: don’t mess with City Council reorganization

Finance Committee Chair Scott Waguespack is among the committee chairs who could be pushed out in favor of more chairs loyal to Mayor-elect Brandon Johnson.

Chicago Sun-Times

Leo Varadkar issues major tax update for middle-income earners ahead of Budget

Asked by the Irish Mirror whether or not the projected surplus cleared the way for the 30% tax rate, Mr Varadkar warned that some of the money will need to be kept for tougher times. However, he vowed that there will be a tax package for middle-income earners in the…

Irish Mirror

France kicks off push to ‘appease’ nation with row over immigrant welfare fraud

The French finance minister’s pledge to crack down on immigrants abusing France’s welfare system has triggered a fresh row in a country reeling from a bitter battle over pension reform, casting doubt on President Emmanuel Macron’s ability to deliver on a pledge to “appease” and unify the nation in a…

France 24

Budget black hole prompts line by line review

The NSW treasurer says he will be going through the budget "line by line" after departmental papers revealed a $7 billion black hole in the state's finances.

AAP

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Tribune News Service

Ukraine’s Zelenskyy asks global leaders to seize Russian assets

Ukrainian President Volodymyr Zelenskyy told a gathering of global finance leaders in Washington that his country needed $14.1 billion immediately for critical reconstruction needs and pleaded with officials to use frozen Russian assets to help pay the cost.

Dynamite News

Chidambaram slams TN Guv on his "Bill is dead" remark; says it "Means Parliamentary Democracy is dead"

Congress veteran and former Finance Minister P Chidambaram on Friday slammed Tamil Nadu Governor RN Ravi over his "Bill is dead" remark. Read further on dynamite News:

The Guardian - AU

Hopes rise for single parent payment increase as Labor aims to ‘support the most vulnerable’ in budget

Finance minister Katy Gallagher says government working through reports that recommend eligibility changes to payment

Manchester Evening News

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Reuters

Japan unveils fresh childcare plan but funding questions remain

Japan's government laid out a fresh plan on Friday to boost childcare over the coming three years to reverse the country's declining birth rate, a move that may lead to another big spending package and strain its already tattered finances.

The National (Scotland)

Shona Robison to replace Kate Forbes as Finance Secretary

SHONA Robison will replace Kate Forbes as Finance Secretary, according to reports.

Insider UK

Kate Forbes to leave government after refusing rural affairs role

The 32-year-old former Finance Secretary will return to Holyrood’s backbenches

Evening Standard

Kate Forbes to leave Scottish Government after ‘turning down demotion’ from First Minister Humza Yousaf

Former finance secretary is believed to have turned down offer of rural affairs job by First Minister Humza Yousaf

Tribune News Service

White House’s EV tax credit implementation in the spotlight

WASHINGTON — Lawmakers on both sides of the aisle are scrutinizing how the Biden administration handles new incentives for buying electric vehicles with the first formal guidance on which cars qualify for subsidies expected this week.

Roll Call

White House's EV tax credit implementation in the spotlight - Roll Call

Lawmakers on both sides of the aisle are scrutinizing how the Biden administration handles new incentives for buying electric vehicles.

Glasgow Live

New SNP leader and Scottish First Minister to be named later today

The new SNP leader and next First Minister of Scotland will be named later today after a five-week contest. Health Secretary Humza Yousaf, Finance Secretary Kate Forbes, and former community safety minister Ash Regan are all vying for the position.

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