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The Latest Breaking News from Finance

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

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

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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

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‘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

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.

Reuters

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.

Roll Call

Nothing special here

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

Bangkok Post

Govt. explores options other than OMBs to raise resources

Cabinet panel on resource mobilisation in consultation with experts

The Hindu

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.

Tribune News Service

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.

Al Jazeera

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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

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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

Bangkok Post

Weak baht 'driven by external factors'

Thailand's weakening baht is being driven down by external factors and the central bank is closely monitoring the situation, Finance minister Arkhom Termpittayapaisith said, with the currency trading at its weakest level in more than five years against the dollar.

Al Jazeera

Boris Johnson’s government plunged into crisis as two key ministers quit

Health Minister Sajid Javid and Finance Minister Rishi Sunak quit in the latest blow to Boris Johnson’s government.

Irish Mirror

Budget 2023 'will balance helping people with protecting economy', says Paschal Donohoe

The Finance Minister refused to predict that the Budget would increase people’s living standards, stating that the economic outlook was currently too uncertain

The Hindu

Centre trying to stifle States like Kerala, says Balagopal

Finance Minister alleges bid to slash borrowing limit

The Hindu

Kerala Finance Minister K. N. Balagopal launches electronic receipt system

e-TR5 method for financial transactions in government offices

Irish Mirror

Government could bring Budget 2023 forward with another electricity credit and fuel allowance bump on the cards

Junior Fianna Fáil Minister Robert Troy has said the summer economic statement shows that public finances are in a healthy position.

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