Posts Tagged ‘budget’

Israel attempts to rescue Palestinian economy

The Media Line Staff Palestinian Territory Linda Gradstein (The Medi – As the Palestinian economy falters, Israel recently asked the International Monetary Fund, the IMF, for a bridge loan of $100 million to help the Palestinian Authority (PA) pay June salaries. Since the PA is not a state, it cannot appeal directly to the IMF. [...]

IMF walks away from the kingdom

Mbabane, Swaziland (IRIN) – The International Monetary Fund (IMF) has withdrawn its advisory team from Swaziland, saying it is unable to support the government’s proposed financial reform program. The IMF was assisting the government in implementing the Fiscal Adjustment Roadmap (FAR), to right-size the budget, where government spending currently exceeds its revenue. “Government has yet [...]

Microloan demand grows in the West Bank and Gaza Strip, despite the risks

Gaza, Palestinian Territory (IRIN) – The demand for microloans has risen steeply in the West Bank and Gaza Strip in recent years, according to data from the Palestinian Network for Small and Microfinance (Sharakeh), which represents 11 microfinance non-profit institutions whose total loan portfolio was US$75 million by the end of 2011. Between 2007 and [...]

Visions for a healthier West Bank economy

Ramallah, Palestinian Territory (IRIN) – Izz Tawil draws a black circle on the flip-chart in his office in Ramallah, capital of the West Bank in the occupied Palestinian territory (oPt). “The Palestinian economy is a closed cash-circle,” the general manager of the Palestinian microfinance network Sharakeh explains. He goes on to draw several small arrows [...]

Bangladesh unveils budget high on defense, low on farm spending

Saleem Samad – AHN News Correspondent Dhaka, Bangladesh (AHN) – Bangladesh, the world’s poorest Muslim majority country, unveiled a $22 billion deficit budget high on defense expenditures and low in farm spending. The government projects revenue income at $16.01 billion in the coming fiscal year, up from nearly $13 billion. The budget was placed in [...]

US defence cuts mean ‘hard decisions’: Robert Gates

Defence secretary Robert Gates has said that fiscal pressures on the US military’s budget will require sacrificing some missions abroad and scaling back pay and benefits. View full post on All Stories

Baker vetoes budget

The mayor of Wilmington has made good on his threat to veto a $140 million budget approved by city council for the upcoming fiscal year. View full post on All Stories

Parker budget plan cuts 747 city jobs, closes pools

Mayor Annise Parker, facing what she described as the toughest fiscal environment in more than 20 years, on Thursday proposed a $1.8 billion budget that calls for laying off 747 employees, closing pools and community centers and slashing other programs. View full post on All Stories

Christie: Tax windfall validates fiscal decisions

Gov. Chris Christie said the tax collection windfall state budget experts announced this week proves his economic policies are working. View full post on All Stories

California impasse continues with revised budget plan

Kris Alingod – AHN News Contributor Sacramento, CA, United States (AHN) – The impasse over extending taxes continues in California despite a revised budget plan from Gov. Jerry Brown that relies on an unanticipated rise in revenue. Republicans have insisted on an alternative plan that would cut compensation for state workers by 10 percent. The [...]

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