minister

Algeria: Finance minister sounds the alarm over drying state finances

The Algerian Finance Minister debunked the government over the country’s finance following the crash of global oil, noting that the situation is dire and that it is pointless to lie.

Abderrahmane Raouya, during an improvised press conference in capital Algiers Wednesday, confirmed that the state finances have drastically dwindled, TSA reports.

The North African country has seen its resources affected after the oil prices have plunged across the globe due to low demand as the lockdown because of the novel covid-19 reduced economic activity worldwide.

The country’s national budget depends heavily on oil and gas revenues, which account for 97 per cent of total sales abroad.

The current national budget was built on a price of $50 a barrel at a time benchmark international crudes are trading at their lowest in about two decades. The country’s crude oil, Saharan blend, dropped and is currently sold at around $11.72 per barrel.

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Finance minister says Putrajaya will adjust spending if oil prices fall further | Malaysia

Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said the federal government has incorporated lower global oil price into its expected deficit this year. — Picture by Firdaus Latif
Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said the federal government has incorporated lower global oil price into its expected deficit this year. — Picture by Firdaus Latif

KUALA LUMPUR, April 21 — The federal government has incorporated lower global oil price into its expected deficit this year but will “reprioritise” its planned spending if the commodity declines further in value, said Datuk Seri Tengku Zafrul Tengku Abdul Aziz.

Oil price fell sharply on the international market after Saudi Arabia and Russia triggered a price war that came just ahead of the world-stopping coronavirus disease (Covid-19) pandemic.

The finance minister acknowledged the matter in his statement today, but sought to assure Malaysians that the government was prepared to adapt.

“The general preoccupation with oil is understandable, given that it is closely linked to global geopolitical influences. However, what is more important is to recognise how Malaysia has a

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12/12 | Challenges to overcoming inequality in Brazil: A conversation with Nelson Barbosa, former Minister of Finance of Brazil

The Robert L. Heilbroner Center for Capitalism Studies, SCEPA, and the Reconvexo Collective invite you to:

“Challenges to overcoming inequality in Brazil: A conversation with Nelson Barbosa, former Minister of Finance of Brazil”

With Nelson Barbosa and Marcelo Medeiros

After
many years of decreasing income inequality and poverty levels, Brazil
is again facing a worsening of its poverty indicators. According to the
Brazilian Institute of Geography and Statistics (IBGE), the number of
people in Brazil with an income below the World Bank Poverty Line
increased, on average, by one million every year between 2015 and 2018.
This seminar is an opportunity to discuss the recent economic and
political changes in Brazil, and how they can affect income distribution
and poverty indicators.

Thursday, December 12, 2019
6:00pm – 8:00pm
Wolff Conference Room, Room D1103
Albert and Vera List Academic Center
6 E 16th Street, New York, NY 10003

Speaker: Nelson Barbosa

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Magistrate Accuses Former Finance Minister Tugbeh Doe of Issuing Death Threats on His Life

Brewerville Magisterial Court Associate Justice Fallah J. Matthews

MONROVIA – The case involving former Liberia’s Finance Minister Tugbeh Doe of the Sky International Insurance Company has taken a new dimension as the Presiding Magistrate Fallah J. Matthews raised an alarm over a “death threat” made on his life by unknown persons allegedly linked to the famous insurance company.

Mr. Doe who is presently the President/Chief Executive Officer (CEO) of the Sky International Insurance Company served as Finance Minister during the National Transitional Government of Liberia (NTGL) of Charles Gyude Bryant.

His Honor Fallah J. Matthews is one of the Magistrates assigned at the Brewerville Magisterial Court in district # 17, Montserrado County.

Speaking to a local radio station in Monrovia recently, Magistrate Matthews claimed that a purported letter from a group calling itself “Jungle Boys Death Squad” threatened to eliminate him and his family members due to the manner and

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Blockchain would be part of our state’s priority; French Minister of Finance Bruno Le Maire

In view of the Blockchain Week Summit scheduled for 16 – 17 of April, the Capital magazine aspect on “economic and business” had an interview with Bruno Le Maire a day before, 15th April. In the remarks of France’s Minister of Economy and Finance, he communicated that the government of France would make blockchain a priority.

To demonstrate the commitment of the French government to prioritize blockchain, a sum of four million and five hundred thousand euros (EUR 4.5m) have been set aside for all advance inventions with blockchain inclusive. The money is an equivalent of five million US dollars ($5 m). France aims to perform this to disrupt American and Chinese supremacy on technology.

Brune Maire also made remarks which underscored PACTE Act responsible for the regulatory process of blockchain. PACTE Act was just currently approved by the states’ National Assembly.

The interview with France’s Minister of Economy and

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UK finance minister Sunak, 39, next in line to lead country after Raab

FILE PHOTO: Britain’s Chancellor of the Exchequer Rishi Sunak poses with the red budget box outside his office in Downing Street in London, Britain March 11, 2020. REUTERS/Henry Nicholls/File Photo

LONDON (Reuters) – British finance minister Rishi Sunak would take responsibility for leading the country if Dominic Raab, currently standing in for hospitalised Prime Minister Boris Johnson, were also incapacitated.

Johnson spent a night in intensive care receiving oxygen treatment following his admission to hospital with a persistent high temperature and cough, more than a week after testing positive for the novel coronavirus.

Foreign minister Raab has taken over some of the British leader’s responsibilities, including chairing the government’s daily meeting on the coronavirus crisis, although the 55-year Johnson remains prime minister.

“There is an established order of precedence,” Johnson’s spokesman said. “In line with the order of precedence, the Chancellor (Sunak) would follow from the Foreign Secretary.”

Sunak was

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Bung Moktar said then-finance minister recommended RM150m Felcra investment, witness tells court | Malaysia

According to the first charge, Datuk Seri Bung Moktar (pic), 60, who was at that time the non-executive chairman of Felcra, was accused of taking a bribe of RM2.2 million in cash from Public Mutual’s investment agent Madhi Abdul Hamid, 38, through his wife Zizie Ezette. — Bernama pic
According to the first charge, Datuk Seri Bung Moktar (pic), 60, who was at that time the non-executive chairman of Felcra, was accused of taking a bribe of RM2.2 million in cash from Public Mutual’s investment agent Madhi Abdul Hamid, 38, through his wife Zizie Ezette. — Bernama pic

KUALA LUMPUR, March 16 — A member of the Felcra Berhad Board of Directors told the Sessions Court here today that Datuk Seri Bung Moktar Radin informed the then finance minister to recommend Felcra to invest RM150 million in Public Mutual Berhad Unit Trust in 2015.

Habibah Suleiman, 72, said she did not know that the amount of investment sought was RM150 million as the sum approved at the board meeting was only RM50 million.

Bung Moktar was then the non-executive chairman of Felcra.

“The board did ask YB Datuk Bung Moktar about the difference in amount that was invested in

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