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MEXICO CITY: Mexican Finance Minister Arturo Herrera on Wednesday criticised a controversial bill proposed by the country’s ruling party that would force the central bank to buy foreign cash commercial banks are unable to return to the financial system.
MOSCOW: Russia will scale down its state support of the economy in 2021, eyeing rising costs on servicing burgeoning state debt in the fallout of its response to the Covid-19 pandemic and the collapse of oil prices, Finance Minister Anton Siluanov said.
ON June 2,1992, Italy’s then-chief Treasury official, Mario Draghi, stepped aboard Queen Elizabeth II’s yacht, Britannia, docked near Rome, to ask a group of British bankers for help in slimming down the country’s bloated public sector.
BAGHDAD: Iraq’s currency devaluation will add inflation to the list of hardships facing a population recovering from a devastating war with Islamic State.
BUCHAREST (Reuters) - Romania's centrist president Klaus Iohannis asked finance minister Florin Citu on Tuesday to lead a centre-right coalition government able to shore up public finances and boost investment.
LONDON: UK government borrowing climbed to a record £240.9bil (US$323bil) in the first eight months of the fiscal year, reflecting the damage inflicted on an economy now at risk of falling back into recession.
LONDON: Britain's economic recovery from its coronavirus crash was a bit quicker than previously thought in the July-September period, according to official data which also showed government borrowing soaring to pay for the coronavirus crisis.
THE arrival of vaccines carries hope that an end to the pandemic may be in sight. But even after the health crisis is brought under control, governments will have to continue dealing with the economic consequences.
TOKYO (Reuters) - Japan's cabinet approved on Monday a record $1.03 trillion budget draft for the next fiscal year starting in April 2021, the Ministry of Finance said, as the coronavirus and stimulus spending puts pressure on already dire public finances.
Spotlight: Britain's economy to recover in 2021, but not strong to reach pre-pandemic level soon: experts
LONDON, Dec. 15 (Xinhua) -- Britain's economy is likely to see a sharp recovery in 2021 but hard to reach pre-pandemic levels of activity anytime soon, a number of Britain-based experts gave their views to Xinhua on how they expect the British economy to perform in the new year.