Business
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Energy
11/22/2022 4:23:11 PM
Italy's new far-right government unveiled its first budget on Tuesday, with most of the nearly 35 billion euros in spending for 2023 going on the energy crisis rather than flashy electoral promises.
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Business
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Energy
11/22/2022 2:35:37 PM
Germany will have to take on more debt than expected in 2023 to combat an energy crisis that has left Europe's biggest economy facing "great economic uncertainty", Finance Minister Christian Lindner said Tuesday.
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Business
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Economy
11/17/2022 12:31:54 PM
Just three weeks after taking office, British Prime Minister Rishi Sunak faces the challenge of balancing the nation's budget while helping millions of people slammed by a cost-of-living crisis as Russia's war in Ukraine pushes up energy prices and slows economic growth.
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World
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International
11/13/2022 12:29:04 PM
Britain's government on Sunday warned of impending tax hikes, especially for the wealthy, as it bids to repair economic havoc wrought by the short-lived tenure of former prime minister Liz Truss.
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World
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War in Ukraine
10/25/2022 2:18:02 PM
Ukrainian President Volodymyr Zelensky on Tuesday asked the international community to cover an expected budget deficit of $38 billion next year for his war-torn country, with Moscow's invasion also badly hitting the economy.
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COP27
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Climate change
10/25/2022 12:08:47 PM
Mahmoud Mohieldin, UN High-Level Climate Change Champion for Egypt, stressed the need to link sustainable development plans with climate finance as most financing still depends on countries’ national budgets, including low-income countries.
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Business
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Economy
10/23/2022 10:26:57 PM
Finance Minister Mohamed Maait said on Sunday that Egypt aims to cut the public budget deficit to only four percent; a figure that has not been achieved for 42 years.
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World
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International
10/19/2022 10:05:02 AM
U.K. inflation accelerated to a 40-year high in September as the soaring cost of food squeezed household budgets.
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World
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International
10/15/2022 11:09:47 AM
Britain's new finance minister warned Saturday of tax hikes to come as he admitted to "mistakes" made by his short-lived predecessor in a disastrous budget.
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Business
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Economy
10/14/2022 3:57:30 PM
The pound plunged against the dollar Friday on the sacking of finance minister Kwasi Kwarteng in response to a budget that sparked markets chaos.
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Business
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Economy
10/14/2022 2:15:08 PM
UK finance minister Kwasi Kwarteng dashed home Friday from Washington for crisis talks with Prime Minister Liz Truss, with both their jobs on the line as their budget plans unravel.
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Egypt
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Politics
10/10/2022 5:36:32 PM
Minister of Supply Ali Moselhy called on MPs to help the government reform the bread subsidy programme in order to cut wheat imports and reduce pressure on the state budget and foreign exchange reserves.
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World
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Region
10/8/2022 12:38:38 PM
A year since Iraq's last elections, it remains without not only a new government but a budget too, obstructing much-needed reforms and infrastructure projects in the oil-rich but war-ravaged country.
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Al-Ahram Weekly
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Egypt
9/20/2022 11:15:41 PM
Egypt’s national dialogue could work to improve the transparency and efficiency of the state budget
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World
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International
9/19/2022 8:54:30 PM
With COVID-related school disruptions setting back children around the world, activists implored world leaders Monday to prioritize school systems and restore educational budgets slashed when the pandemic hit.
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Business
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Economy
9/14/2022 2:33:28 PM
Egypt’s economy has tripled in size over the past six years despite the economic challenges, Minister of Finance Mohamed Maait told the Korean Ambassador in Egypt Hong Jin-wook on Wednesday during a meeting at the finance ministry headquarters in the presence of a delegation of Korean investors.
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Al-Ahram Weekly
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Egypt
8/31/2022 9:54:00 AM
Finance Minister Mohamed Maait slams foreign reports which claim Egypt is facing a financial crisis, reports Al-Ahram Weekly.
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Business
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Economy
8/29/2022 10:31:13 PM
Egypt has pledged to the International Monetary Fund (IMF) to attain the overall budget deficit at six percent of GDP and to raise the initial surplus by 1.6 percent in FY 2022/2023, Minister of Finance Mohamed Maait said on Monday.
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Business
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Economy
8/21/2022 2:16:25 PM
President Abdel-Fattah El-Sisi directed Sunday to keep the national budget on a safe financial and economic path as well as draw up a medium-term strategy that aims at reducing the debt-to-GDP ratio.
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Business
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Economy
8/1/2022 5:52:33 PM
The current negotiations between the Egyptian government and the International Monetary Fund (IMF) over a new loan are now taking a “serious turn,” Fakhri El-Fiqi, head of Egypt's House of Representatives' Budget Committee, said on Sunday evening.
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