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The Latest Breaking News from Finance

‘Keep economy in mind while making estimates for next budget’

Money constraints faced by the government call for austerity in the budgeting exercise, Finance department says

The Hindu

S.Korea's new government to streamline public organisations

South Korea's new government will streamline public organisations, the finance minister said on Friday, citing concerns about efficiency after a rapid expansion in their operations under the previous administration.

Reuters

Health care budget bill to face open-ended 'vote-a-rama' - Roll Call

The narrowed bill will be open for amendment on virtually any topic it originally was set to address, such as climate, taxes and child care.

Roll Call

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The economy is facing many challenges resulting from worsening global economic conditions.

Bangkok Post

Govt. explores options other than OMBs to raise resources

Cabinet panel on resource mobilisation in consultation with experts

The Hindu

G-20 finance meeting ends without a communique but progress on food

Division over Russia’s war in Ukraine meant a meeting of Group of 20 finance chiefs ended without the usual communique, though there was incremental progress on issues such as food and energy security.

Tribune News Service

G20 finance leaders meet in Bali as Ukraine, inflation top agenda

Host Indonesia hopes meeting can serve as forum for dialogue between Russia and Ukraine.

Al Jazeera

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Yellen blasts Russian officials for continued support of Putin

U.S. Treasury Secretary Janet Yellen condemned Russia's "brutal and unjust war" in Ukraine and said Russian finance officials taking part in a G20 meeting in Indonesia on Friday shared responsibility for the "horrific consequences" of the war.

Reuters

Ed Burke’s brother thinks he should retire rather than seek reelection — and some rivals predict indicted incumbent can’t win

Ald. Edward Burke’s brother hopes he retires. “The last election — under these very adverse circumstances, he pulled it off. He walked the streets at, what was he, 76 at the time?” said former state Rep. Dan Burke. “Do the math. Seventy-eight years old. Come on. When is enough enough?”

Chicago Sun-Times

US, Japan vow joint efforts on Ukraine, trade, food crisis

U.S. Treasury Secretary Janet Yellen and Japan's finance minister have agreed to cooperate in dealing with challenges from the war in Ukraine and promoting free trade, sustainable energy and food security

The Independent UK

Surveillance mechanism to identify illegal loan apps urged

State concerned over steep rise in crimes relating to loan apps

The Hindu

Keep accounts up-to-date, do timely audit, Kerala government tells public sector units

Circular says lapses will lead to denial of government grants

The Hindu

Weak baht 'driven by external factors'

Thailand's weakening baht is being driven down by external factors and the central bank is closely monitoring the situation, Finance minister Arkhom Termpittayapaisith said, with the currency trading at its weakest level in more than five years against the dollar.

Bangkok Post

Boris Johnson’s government plunged into crisis as two key ministers quit

Health Minister Sajid Javid and Finance Minister Rishi Sunak quit in the latest blow to Boris Johnson’s government.

Al Jazeera

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Irish Mirror

Budget 2023 'will balance helping people with protecting economy', says Paschal Donohoe

The Finance Minister refused to predict that the Budget would increase people’s living standards, stating that the economic outlook was currently too uncertain

The Hindu

Centre trying to stifle States like Kerala, says Balagopal

Finance Minister alleges bid to slash borrowing limit

The Hindu

Kerala Finance Minister K. N. Balagopal launches electronic receipt system

e-TR5 method for financial transactions in government offices

Irish Mirror

Government could bring Budget 2023 forward with another electricity credit and fuel allowance bump on the cards

Junior Fianna Fáil Minister Robert Troy has said the summer economic statement shows that public finances are in a healthy position.

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The National (Scotland)

Kate Forbes in talks to help smash ‘green ceiling’ for women

CLIMATE youth delegates from Renew the World met with the Scottish Government’s Finance and Economy Secretary Kate Forbes at the Scottish…

The Hindu

Harish Rao concerned over diversion of huge revenue after State split, non-updation of tax payers’ addresses

Minister raises the issue during GST Council meeting in Chandigarh

Edinburgh Live

West Lothian demands more cash from Holyrood to maintain services

Facing a funding crisis just weeks into its latest five-year term West Lothian Council has called for a meeting with Nicola Sturgeon and Finance Secretary Kate Forbes to say more money is vital for all local authorities.

The Hindu

Andhra Pradesh: Buggana refutes TDP charge on State’s finances

We have done well despite COVID-19 and debt is well under control, asserts Buggana Rajendranath Reddy

Reuters

Danish lawmakers agree cash handout to elderly to offset inflation

Danish lawmakers have agreed a cash handout to the elderly and other measures totalling 3.1 billion Danish crowns ($439 million) to cushion the impact of soaring inflation and high energy prices, the finance ministry said on Friday.

The Conversation

Female finance leaders outperform their male peers, so why so few of them in academia and beyond?

The gender diversity of thought leadership in finance is lower than in most other academic fields, our research shows. Finance ranks 132nd out of 175 fields with a representation of only 10.3% women among its thought leaders. Yet these women outperform their male peers.

The National (Scotland)

Inflation spike 'extremely worrying' for struggling Scots, Kate Forbes says

SCOTLAND’S Finance Secretary has warned the state of the UK’s economy is “extremely worrying” as inflation hit a new 40-year high.

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