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The Latest Breaking News from Finance

On course to achieve fiscal deficit target, says finance secretary Somanathan

NEW DELHI: Finance secretary TV Somanathan on Wednesday exuded confidence that the fiscal deficit target of 6.4 per cent of GDP in 2022-23 will be met without pruning capital expenditure.

The Times of India

Finance Minister to review state of economy at FSDC meeting on September 15

FSDC is the apex body of sectoral regulators, headed by the Union Finance Minister

The Hindu

Katy Gallagher says the federal budget is in worse shape than many state and territory budgets. Is that correct?

Finance Minister Katy Gallagher says the federal budget is in worse shape than many state and territory budgets. Is that correct? RMIT ABC Fact Check investigates.

ABC News

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HC refuses to quash corruption case against sacked bureaucrat in BMRCL fund misuse case

Petition filed by Sandeep Dash dismissed

The Hindu

Centre asked to respond to plea challenging provision of seeking permission for foreign visits

The petition was filed in the backdrop of Delhi Chief Minister Arvind Kejriwal being denied permission for his visit to Singapore for the 8th World Cities’ Summit from July 31 to August 7

The Hindu

Communications agency expands with new hires

New finance chief and marketing manager among the recent appointments

Insider UK

Japan to spend $1.83 million on slain ex-PM Abe's state funeral

Japan will spend about 250 million yen ($1.83 million) on a state funeral for slain former Prime Minister Shinzo Abe, Finance Minister Shunichi Suzuki said on Friday.

Reuters

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Stormont departments get legal approval for 'contingency arrangements' in absence of budget

The Department of Finance said the move provides "legal cover" but departments "will still not have the certainty that an agreed budget would provide"

Belfast Live

Scotland’s deficit drops by 10%, but remains twice that of UK

The net fiscal balance was still a deficit of 12.3% of GDP, or £23.7bn, during 2021-22

Insider UK

Japan PM tells ministers to continue sanctions vs Russia, support Ukraine

Japanese Prime Minister Fumio Kishida instructed his cabinet ministers to continue diplomatic responses, including sanctions, against Russia, while backing Ukraine, by keeping close coordination with the Group of Seven nations, the finance minister said on Tuesday.

Reuters

New IFMS features to be launched today

THIRUVANANTHAPURAM

The Hindu

Analysis-Years of political crises in Peru are finally hitting its economy

Since 2011, Peruvians have lived under seven presidents and seen four ex-leaders detained or wanted on corruption allegations. Yet, in the same period Peru has held onto the unlikely title of the fastest growing major economy in Latin America.

Reuters

India supplies nearly 60% of vaccines used worldwide: Nirmala Sitharaman

India today is double dosing every citizen and produced COVID-19 vaccines even during the lockdown period, said Union Finance Minister Nirmala Sitharaman

The Hindu

Cabinet okays oil fund guarantee

The cabinet on Tuesday approved a draft executive decree to allow the Finance Ministry to guarantee the loan repayment and borrowings worth up to 150 billion baht of the Oil Fuel Fund Office.

Bangkok Post

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ABC News

Anthony Albanese responds to Scott Morrison's five additional ministerial roles — as it happened

Prime Minister Anthony Albanese says Scott Morrison's decision to secretly swear himself in to five ministerial portfolios was an "unprecedented trashing of our democracy". Look back on Tuesday's developments.

Reuters

Ukraine expects $3 billion U.S. financial aid in August

Ukraine expects $3 billion of U.S. financial aid to arrive in August and a further $1.5 billion in September, Finance Minister Sergiy Marchenko said on Thursday.

Dublin Live

Social welfare Ireland: Budget 2023 could see €15 increase while tax bands change to help middle earners

The Finance Minister has warned there could be difficulties in trying to speed up the usual process to change rates

The National (Scotland)

Finance Secretary Kate Forbes announces birth of baby daughter and reveals name

The SNP MSP is the first Scottish cabinet secretary to take maternity leave while remaining in post

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The Hindu

Finance Minister holds talks with U.S. NSF chief, discusses collaboration in science and technology

The two sides discussed areas of collaboration related to science and technology

Roll Call

Democrats confident about budget vote as GOP plans amendments

Senate Democrats are confident about passing their health care, climate and tax package, as Republicans plot amendments they’ll offer to it.

The Hindu

Govt. has schemes for cashew sector, says Minister

It has already made interventions including financial assistance

The Hindu

‘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

Reuters

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.

Roll Call

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.

Bangkok Post

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