Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of World War II, official figures showed on Friday.
India’s government has proposed to increase spending on health care in a $477 billion budget for 2021-22 that promises extra help for weathering the coronavirus pandemic.
India boosted healthcare spending by 135% and lifted caps on foreign investment in its vast insurance market on Monday to help revive an economy that suffered its deepest recorded slump as a result of the pandemic.
India’s key stock markets continued their bull run during Tuesday’s trading session as budget decisions continued to boost positive sentiments. Sensex of the Bombay Stock Exchange (BSE)
The European Commission said Italy’s draft budget for next year could be in breach of European Union fiscal rules and it asked for clarification from the Italian government, in a letter sent to Finance Minister Roberto Gualtieri.
Etihad Aviation Group and Air Arabia have announced the signing of an agreement to launch ‘Air Arabia Abu Dhabi,’ the capital’s first low-cost carrier.
Italy’s government approved a draft 2020 budget in the early hours of Wednesday that aims to cut taxes for middle-earners and crack down on tax evaders, while holding the deficit at the same level
Sheikh Sultan announced that the 2020 budget for Sharjah would reach Dhs29.1 billion, a two per cent increase compared to the 2019 budget.
India’s higher market borrowings can impact the fiscal deficit. The government is likely to opt for auctioning of more cash management bills (CMBs) to meet the debt obligations of government bonds