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The Latest Breaking News from Finance

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

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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

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.

ABC News

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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.

Reuters

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

Dublin Live

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

The National (Scotland)

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

The Hindu

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.

Roll Call

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

The Hindu

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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

Nothing special here

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

The Hindu

Govt. explores options other than OMBs to raise resources

Cabinet panel on resource mobilisation in consultation with experts

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Tribune News Service

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.

Al Jazeera

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.

Reuters

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.

Chicago Sun-Times

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?”

The Independent UK

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 Hindu

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

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