Search For "public finance"
Public finance of GCC countries witnessed significant financial surplus in
Updated : 1 year, 4 months ago IST
The GCC countries reported significant financial surpluses in 2022 and 2023, totaling USD 134 billion and USD 2 billion, respectively, according to GCC-Stat. Public debt stabilised at 28 per cent of GDP and is projected to remain steady through 2025. Credit rating agencies highlighted improv
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IMF to provide USD 1.2 billion in funding to strengthen public finances in
Updated : 1 year, 5 months ago IST
The International Monetary Fund (IMF) has announced an agreement with Egypt to unlock approximately USD 1.2 billion in funding to support the country's struggling finances, Al Jazeera reported on Wednesday.
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Sharjah Award for Public Finance launches third edition
Updated : 1 year, 9 months ago IST
The Sharjah Finance Department (SFD), in collaboration with the Arab Administrative Development Organisation (ARADO), launched the third edition of the Sharjah Award for Public Finance. The award aims to promote a culture of excellence in Arab financial institutions by adopting excellence st
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Fitch downgrades outlook on China to negative
Updated : 2 years, 1 month ago IST
Ratings agency Fitch revised its outlook on China's sovereign credit rating to negative from stable, citing risks to the country's public finance outlook and amid a transition away from real estate sector-led growth.
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States to sustain capex focus with improved fiscal space: Ind-Ra report
Updated : 2 years, 1 month ago IST
Anuradha Basumatari, Director of Public Finance at Ind-Ra, emphasized the favorable conditions for capital expenditure, stating, "Containment of the revenue deficit provides greater fiscal flexibility to states, which is favorable to capital expenditure and is expected to continue in FY25
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Kerala LoP blames "extravagance" of first Pinarayi govt for current financ
Updated : 2 years, 9 months ago IST
Saying that Kerala's public finance is in a dire state, the state's Leader of Opposition VD Satheesan on Saturday blamed the policies of the first Pinarayi Vijayan government for leading into the situation. He specifically blamed off-the-budget borrowing of the KIIFB(Kerala Infrastructure In
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World Bank expects UAE's non-oil economy to grow by 4.8 pc in 2023
Updated : 3 years ago IST
In a press conference held today in Dubai to announce the new World Bank Gulf Economic Update (GEU) titled, "The Health and Economic Burden of Non-Communicable Diseases in the GCC", the bank officials said that the current account balance in the UAE is expected to rise to 11.7 per cent in 20
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Adhikari requests FM Sitharaman for probe into 'illegal diversion' of cent
Updated : 3 years, 7 months ago IST
Kolkata (West Bengal) [India], September 30 (ANI): West Bengal Leader of Opposition and BJP leader Suvendu Adhikari on Friday requested Finance Minister Nirmala Sitharaman to probe the alleged irregularities and illegal diversion of central government funds from the Wage and Means head of th
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Government launches single nodal agency dashboard of PFMS
Updated : 3 years, 11 months ago IST
New Delhi [India], June 7 (ANI): Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Tuesday launched the single nodal agency dashboard of the Public Financial Management System (PFMS) to ensure effective leveraging of technology in public finance.
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AJNIFM, Microsoft partner to build AI, emerging technologies Centre of Exc
Updated : 4 years, 10 months ago IST
New Delhi [India], July 2 (ANI): The Arun Jaitley National Institute of Financial Management (AJNIFM) and Microsoft have formed a strategic partnership to build an AI and emerging technologies Centre of Excellence.
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Clean energy investment in developing economies top global priority: IEA
Updated : 4 years, 11 months ago IST
Paris [France], June 12 (ANI): The world's energy and climate future increasingly hinges on whether emerging and developing economies are able to successfully transition to cleaner energy systems, according to a new report by the International Energy Agency (IEA).
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Recent vaccination rise may ease pandemic risks in Asia: Fitch
Updated : 4 years, 11 months ago IST
Hong Kong, June 9 (ANI): The recent acceleration of vaccinations in parts of Asia can reduce risk of setbacks to economic recoveries and public finances associated with further waves of Covid-19 pandemic provided that it is sustained, Fitch Ratings said on Wednesday.
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