Tuesday, 23 July 2019

Tag Archives: Budget

Pakistan bracing for austere budget under IMF, finance chief says

ISLAMABAD: Pakistan is preparing a belt-tightening budget to tame its fiscal deficit, the de facto finance minister said on Saturday, adding that both civilian and military rulers agreed austerity measures were needed to stabilize the economy. But Hafeez Shaikh, Prime Minister Imran Khan’s top finance adviser, declined to say whether ...

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Italy’s 2019 budget approved by senate soon

ROME: On December 19 the long lasting controversy over Italy’s budget for the 2019 fiscal year was settled during talks between Rome and Brussels, which paved the way for a national-level approval procedure. The upper house of the Italian parliament approved Rome’s proposed 2019 budget plan on Sunday. The government’s ...

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Germany, France ‘in fresh push for EU financial transaction tax’

BRUSSELS: Germany and France will on Monday seek to revive the long-delayed EU financial transaction tax by proposing that member states be allowed to use the revenues to reduce their EU budget contributions, a German newspaper reported. Germany’s Olaf Scholz and his French counterpart Bruno Le Maire will present their ...

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US hails UN budget cuts as ‘step in right direction’

UNITED NATIONS : The United States applauded a $285-million-cut in the UN core budget , saying it was “a big step in right direction.” The General Assembly adopted a budget of $5.396 billion for 2018-2019, slightly below the $5.4 billion that UN Secretary-General Antonio Guterres had sought. The United States ...

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MP asks spending watchdog to investigate Nissan Brexit deal

Whitehall’s spending watchdog could investigate the deal to keep Nissan making cars in north-east England, following a demand from the chair of an influential parliamentary committee. Andrew Tyrie, chair of the Treasury select committee, has written to the National Audit Office (NAO) asking for an inquiry into any assurances offered ...

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