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The Latest Breaking News from Finance

Finance Secretary refuses to say why investment bank CEO quit

Kate Forbes said the reasons for the resignation are a matter for her and the bank’s board

Insider UK

South Africa is becoming vast welfare state, says finance minister

The maiden budget tabled by South Africa’s new Finance Minister Enoch Godongwana carefully balances his desire to stimulate economic growth and reduce borrowing with the need to assist welfare grants to the growing number of poor.

Radio France Internationale

New economic strategy for Scotland aims to 'outperform the last decade'

Scottish Finance Secretary Kate Forbes to unveil plans that will build on Scotland's 'rich history of innovation and invention'

Edinburgh Live

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RPL to form firm for making rubber products

The government will take up studies to explore the possibility of forming a company under Rehabilitation Plantation Limited (RPL) to produce and market rubber-based products. Labour Minister V. Sivankutty announced this on Friday after a meeting with representatives of RPL officials and trade union leaders. The proposal involves direct procurement…

The Hindu

Public debt forecast to increase to 62% of GDP

Finance Minister Arkhom Termpittayapaisith has projected Thailand's public debt will rise to 62% of GDP in fiscal 2022 from 59.6% as of December 2021.

Bangkok Post

Covid-19 pandemic not 'fully behind us' but Ireland and EU seeing signs of recovery, says Finance Minister Paschal Donohoe

'However, if this pandemic has taught us anything, it is the need to acknowledge uncertainty and uncertainty is associated with changing health and economic conditions'

Irish Mirror

Nirmala Sitharaman to meet PM Modi to discuss Russia-Ukraine conflict situation

NEW DELHI: Finance minister Nirmala Sitharaman on Thursday said she will be meeting Prime Minister Narendra Modi to discuss the situation arising out of the Russia-Ukraine conflict.

The Times of India

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Social Security fixes could animate post-midterms agenda

WASHINGTON — If Republicans take one or both chambers of Congress in November, don’t be surprised if shoring up Social Security’s finances becomes an area of bipartisan focus.

Tribune News Service

French finance minister downplays impact of Ukraine crisis on economy, energy

The impact of the Ukraine crisis and sanctions against Moscow will only have a minor effect on the French economy, says Bruno Le Maire.

Radio France Internationale

Budget ‘cannot proceed’ in the absence of a First and a deputy First Minister

Stormont Finance Minister Conor Murphy told the Assembly he had sought legal advice on the Budget following the resignation of the First Minister.

The Independent UK

Ukraine situation, crude prices posing challenge to financial stability: Nirmala Sitharaman

MUMBAI: Finance minister Nirmala Sitharaman on Tuesday said the Russia-Ukraine crisis and the ensuing jump in global crude prices are a challenge to financial stability in India.

The Times of India

Ensure hassle-free loans, Finance Minister tells banks

SBI chief promises fully digitised, ‘hassle-free’ lending process in two months

The Hindu

Finance Minister holds pre-Budget meeting with MSME representatives

The meeting was called to discuss and understand the concerns, challenges of the MSMEs

The Hindu

'Gabbar Singh Tax' critique of GST knee-jerk, disservice to our institutions: Finance minister

MUMBAI: Finance minister Nirmala Sitharaman on Monday termed the Opposition's criticism of the Goods and Services Tax (GST) as 'Gabbar Singh Tax' as a knee-jerk reaction which is a disservice to the country's institutions.

The Times of India

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The Times of India

Low budget allocation to healthcare: Finance secretary says it is primarily states' responsibility

MUMBAI: Finance secretary T V Somanathan on Monday said healthcare is primarily the responsibility of the states, amid suggestions of the budgetary allocation to the sector still being low at 1.3 per cent of GDP.

The Hindu

Low Budget allocation to healthcare: Finance Secretary says it is primarily States' responsibility

Centre provides for some “cross-cutting health infrastructure”, says Finance Secretary Somanathan

The Times of India

Govt aims sustained recovery; infra spends will have multiplier effects: Finance minister

MUMBAI: Finance minister Nirmala Sitharaman on Monday said the government wants a sustained recovery and the budget proposals on infrastructure building are an attempt to create the multiplier effect to help the economy.

Reuters

Canada's Freeland strays from G20 economic script to warn Russia on Ukraine - sources

Canadian Finance Minister Chrystia Freeland stepped well beyond economic policy at a G20 finance meeting on Friday to issue an "impassioned" warning to her Russian counterparts not to invade neighboring Ukraine, two sources familiar with her remarks said.

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Daily Record

Council tax rise hike from April as Glasgow becomes latest area to impose

Council tax was frozen across Scotland last year but Finance Secretary Kate Forbes gave local authorities the freedom to increase it as much as they liked for the 2022 financial year.

Daily Record

Chief exec hires internal candidate to his old job

Lucrative £122,000-a-year role as director of Finance at Renfrewshire Council landed by head of Finance at Renfrewshire Council

Reuters

Israel plans to cut ultra-Orthodox men's seminary hours to boost work

Israeli Finance Minister Avigdor Lieberman on Tuesday offered ultra-Orthodox men an incentive to join the workforce by halving the hours spent in religious study in return for the same state stipend, although the plan was condemned by community leaders.

The Canberra Times

'We're the government': Audit into safety grants shows Coalition skew

The Finance Minister has dismissed Labor's concerns it will use unallocated "war chest" of funds to deliver federal election promises.

Newsroom.co.nz

Robertson's plea for workers to come into work

Food and beverage businesses are suffering as workers choose to stay home rather than head to the office. The finance minister says the red setting isn't a lockdown.

Daily Record

Finance secretary Kate Forbes delivered key Scottish budget speech in throes of morning sickness

In an exclusive interview with the Daily Record, Forbes talks frankly about being a step-mum and being Scotland's first cabinet minister to take maternity leave.

Bangkok Post

Finance Minister Arkhom to push for diesel tax cut

The Finance Ministry is expected to propose cutting the excise tax on diesel to the cabinet on Tuesday, in a bid to ease the impact on the cost of transport, a ministry source said on Monday.

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