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The Latest Breaking News from Finance

Finance Ministry keen on balanced budget

The Finance Ministry expects a more focused reform of both revenue collection and expenditure to achieve a balanced budget in the next decade, says the ministry's permanent secretary Krisada Chinavicharana.

Bangkok Post

Union Budget 2023-24: Lok Sabha Adjourned Till 11 am Tomorrow

After the nearly one-and-a-half-hour-long Budget speech by Union Finance Minister Nirmala Sitharaman on Wednesday, the Lok Sabha was adjourned till 11 am tomorrow. Read further on Dynamite News:

Dynamite News

The worst of the rain to hit New Zealand's Auckland may have passed

The worst of the forecast rain moved away from New Zealand's flood-ravaged biggest city on Wednesday after inflicting what the finance minister described as probably the "biggest non-earthquake event" in the country's history.

Reuters

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GCC Minister Discuss Free Trade Agreement with China

Members of the Financial and Economic Cooperation Committee and the Trade Cooperation Committee of the GCC countries discussed the final report on the technical status of the free trade agreement negotiations between the GCC and China. The meeting completes the vision of the Custodian of the Two Holy Mosques, King…

Asharq Al-Awsat

More mortgage pain to become reality

Finance Minister Katy Gallagher says it will be a tough year for hundreds of thousands of people coming off fixed mortgage rates and on to higher variable ones.

AAP

Davos 2023: French finance minister defends pension reform plan

A day after more than 1 million people took to the streets and millions more went on strike across France in protest at the government's plan to raise the legal retirement age, Finance Minister Bruno Le Maire tells FRANCE 24's Business Editor Kate Moody in Davos that the government "stands…

France 24

West Lothian budget debate sparks political row over 'dire finances'

As councillors face tough decisions on spending next month a row erupts between parties over the funding settlement the Labour minority led council will have to work with

Edinburgh Live

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Ukraine receives first 3-billion-euro tranche of 18-billion-euro EU support

Ukraine received the first 3-billion-euro ($3.26 billion) tranche of an 18-billion-euro financial support package from the European Union on Tuesday, Finance Minister Sergiy Marchenko said.

Reuters

Brazil to reinforce fiscal, democratic and environmental commitments, says Haddad

Brazil's delegation arrived at the World Economic Forum (WEF) with a commitment to defend democracy and the sustainability of both its public accounts and the environment, Finance Minister Fernando Haddad said on Monday.

Reuters

Tax incentives to encourage reduction in plastic usage

The Industry and Finance ministries are using a new corporate income tax reduction programme to encourage businesses to use more biodegradable plastic products, in a move to reduce waste.

Bangkok Post

State key to stimulating expansion

The acceleration of state investment in 2023 should provide a tailwind to propel economic growth momentum, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Brazil's incoming finance chief Haddad names ministry officials

Brazil's incoming Finance Minister Fernando Haddad on Thursday announced a fresh batch of officials to lead the economic team of President-elect Luiz Inacio Lula da Silva's government.

Reuters

G7 commits to $32 billion in budget support for Ukraine in 2023

The Group of Seven (G7) wealthy nations has mobilised up to $32 billion in budget and economic support for Ukraine next year, their finance ministers said in a joint statement on Thursday, adding that they are prepared to give more if needed.

Reuters

Economy can withstand global risks, says finance minister

The Thai economy is still on the recovery path and should grow 3.4% in 2022 and 3.8% next year, supported by a rebound in the vital tourism sector, Finance Minister Arkhom Termpittayapaisith said on Wednesday.

Bangkok Post

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The Times of India

Nirmala Sitharaman, 5 other Indians among Forbes' world's 100 most powerful women

NEW YORK: Finance Minister Nirmala Sitharaman, Biocon Executive Chairperson Kiran Mazumdar-Shaw and Nykaa founder Falguni Nayar are among six Indians who have made it to the Forbes' annual list of The World's 100 Most Powerful Women.

Bangkok Post

Arkhom defends imposition of tax on SET share sales

The end of the waiver of the financial transaction tax will not affect stock trading, but should ensure fairness in the tax system, according to Finance Minister Arkhom Termpittayapaisith.

The Japan News/Yomiuri

Kishida specifies 2% of current GDP target for defense, security spending

Prime Minister Fumio Kishida has instructed the defense and finance ministers to boost Japan's defense and security-related spending in fiscal 2027 to 2% of the current gross domestic product.

Reuters

Putin, Kudrin touch on future of Yandex in late-night meeting - sources

Russian President Vladimir Putin and former Finance Minister Alexei Kudrin touched on the future of internet giant Yandex in a late night meeting, three people familiar with the matter told Reuters on Friday.

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The National (Scotland)

Nicola Sturgeon: Scotland to pledge extra cash for countries hit hard by climate change

During last year’s COP26, Scotland became the first developed nation to pledge finance towards the contentious issue.

Asharq Al-Awsat

Lebanon Steps Back from Plan to Slash Official Exchange Rate

Lebanon has stepped back from plans to slash its 25-year-old official exchange rate with one closer to the market rate, ministerial and political sources said Thursday, amid fears of a backlash from the public. Caretaker Finance Minister Youssef Khalil told Reuters on Sept. 28 the state would re-peg the dollar…

Reuters

Brazil's Lula may seek more than $39 billion in extra 2023 spending, says aide

Brazilian President-elect Luiz Inacio Lula da Silva will negotiate in the coming weeks an increase in 2023 government spending that could exceed 200 billion reais ($39 billion), said his former Finance Minister and close aide Guido Mantega.

The New Daily

Michael Pascoe: The budget without reply

Next Thursday the Sydney Liberal Party faithful are being invited to pay $880 a seat for lunch and to listen to a budget reply.

The Independent UK

Pacific Rim finance leaders mull ways to curb inflation

Finance ministers of major Pacific Rim economies have pledged to combat inflation and seek sustainable growth at a meeting in Bangkok ahead of a summit next month

The Times of India

India will come out of current global turmoil, move on path of sustained growth: Finance minister

WASHINGTON: Finance minister Nirmala Sitharaman has exuded confidence that India will come out of the current global turmoil and move on the path of sustained recovery on the back of rapid digitisation and steps taken by the government.

The Hindu

Why India Inc. is not taking a Hanuman leap

The one lever that the government could have pulled as it watched private investment decline was to step up public investment

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