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The Latest Breaking News from Finance

Davos 2023: French finance minister defends pension reform plan

A day after more than 1 million people took to the streets and millions more went on strike across France in protest at the government's plan to raise the legal retirement age, Finance Minister Bruno Le Maire tells FRANCE 24's Business Editor Kate Moody in Davos that the government "stands…

France 24

West Lothian budget debate sparks political row over 'dire finances'

As councillors face tough decisions on spending next month a row erupts between parties over the funding settlement the Labour minority led council will have to work with

Edinburgh Live

Ukraine receives first 3-billion-euro tranche of 18-billion-euro EU support

Ukraine received the first 3-billion-euro ($3.26 billion) tranche of an 18-billion-euro financial support package from the European Union on Tuesday, Finance Minister Sergiy Marchenko said.

Reuters

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Brazil to reinforce fiscal, democratic and environmental commitments, says Haddad

Brazil's delegation arrived at the World Economic Forum (WEF) with a commitment to defend democracy and the sustainability of both its public accounts and the environment, Finance Minister Fernando Haddad said on Monday.

Reuters

Tax incentives to encourage reduction in plastic usage

The Industry and Finance ministries are using a new corporate income tax reduction programme to encourage businesses to use more biodegradable plastic products, in a move to reduce waste.

Bangkok Post

State key to stimulating expansion

The acceleration of state investment in 2023 should provide a tailwind to propel economic growth momentum, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Brazil's incoming finance chief Haddad names ministry officials

Brazil's incoming Finance Minister Fernando Haddad on Thursday announced a fresh batch of officials to lead the economic team of President-elect Luiz Inacio Lula da Silva's government.

Reuters

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G7 commits to $32 billion in budget support for Ukraine in 2023

The Group of Seven (G7) wealthy nations has mobilised up to $32 billion in budget and economic support for Ukraine next year, their finance ministers said in a joint statement on Thursday, adding that they are prepared to give more if needed.

Reuters

Economy can withstand global risks, says finance minister

The Thai economy is still on the recovery path and should grow 3.4% in 2022 and 3.8% next year, supported by a rebound in the vital tourism sector, Finance Minister Arkhom Termpittayapaisith said on Wednesday.

Bangkok Post

Arkhom defends imposition of tax on SET share sales

The end of the waiver of the financial transaction tax will not affect stock trading, but should ensure fairness in the tax system, according to Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Kishida specifies 2% of current GDP target for defense, security spending

Prime Minister Fumio Kishida has instructed the defense and finance ministers to boost Japan's defense and security-related spending in fiscal 2027 to 2% of the current gross domestic product.

The Japan News/Yomiuri

Putin, Kudrin touch on future of Yandex in late-night meeting - sources

Russian President Vladimir Putin and former Finance Minister Alexei Kudrin touched on the future of internet giant Yandex in a late night meeting, three people familiar with the matter told Reuters on Friday.

Reuters

Nicola Sturgeon: Scotland to pledge extra cash for countries hit hard by climate change

During last year’s COP26, Scotland became the first developed nation to pledge finance towards the contentious issue.

The National (Scotland)

Lebanon Steps Back from Plan to Slash Official Exchange Rate

Lebanon has stepped back from plans to slash its 25-year-old official exchange rate with one closer to the market rate, ministerial and political sources said Thursday, amid fears of a backlash from the public. Caretaker Finance Minister Youssef Khalil told Reuters on Sept. 28 the state would re-peg the dollar…

Asharq Al-Awsat

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Reuters

Brazil's Lula may seek more than $39 billion in extra 2023 spending, says aide

Brazilian President-elect Luiz Inacio Lula da Silva will negotiate in the coming weeks an increase in 2023 government spending that could exceed 200 billion reais ($39 billion), said his former Finance Minister and close aide Guido Mantega.

The New Daily

Michael Pascoe: The budget without reply

Next Thursday the Sydney Liberal Party faithful are being invited to pay $880 a seat for lunch and to listen to a budget reply.

The Independent UK

Pacific Rim finance leaders mull ways to curb inflation

Finance ministers of major Pacific Rim economies have pledged to combat inflation and seek sustainable growth at a meeting in Bangkok ahead of a summit next month

The Hindu

Why India Inc. is not taking a Hanuman leap

The one lever that the government could have pulled as it watched private investment decline was to step up public investment

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The Hindu

Book release on October 10

Finance Minister K.N. Balagopal will release ‘Post Truth Television’, a book authored by T.K. Santho

The Hindu

Andhra Pradesh: Buggana blames TDP for State’s tight financial position

The previous government had made massive borrowings, and threw FRBM and other norms to the winds, says the Finance Minister

The Hindu

A.P. Finance Minister to lay foundation for water supply works at Orvakal today

VIJAYAWADA

Bangkok Post

Economy seen up 3.0 to 3.5% this year, says finance minister

The Thai economy is still expected to grow 3.0 to 3.5% in 2022, while a weak baht is helping exports, Finance minister Arkhom Termpittayapaisith said on Wednesday.

AAP

Record tax take improves NZ accounts

A surge in government revenue has improved the New Zealand government's books, delighting Finance Minister Grant Robertson.

Reuters

Russia has funds to support four regions being annexed - Finance Minister

Russia has funds to support four Ukrainian regions which President Vladimir Putin began annexing last week and these funds are part of the country's budget, Finance Minister Anton Siluanov told parliament.

Asharq Al-Awsat

Saudi Arabia Expects Sustainable Surplus Budgets until 2025

The Saudi Ministry of Finance disclosed estimates of its budgets until 2025, showing positive trends and expectations of sustainable financial surpluses during the medium term. The preliminary statement of the state’s general budget for the fiscal year 2023 expected total expenditures to reach about 1.11 billion riyals ($296 billion), and…

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