central bank Tag

Posted On October 26, 2017By BlackbeardIn News

Malaysia 2018 Budget: Is there any financial restraint?

PETALING JAYA: The Government is expected to exercise financial discipline even though the coming budget, which will be unveiled tomorrow, is the last one before the next general election. Economists said Prime Minister Datuk Seri Najib Tun Razak was expected to target a lower federal government budget deficit compared with 3% this year. “The overall debt levels are also expected to be lower, considering that there is a cautious outlook on the global economy and oil prices are still soft,” said an economist. Towards this end, the International Monetary FundRead More
Venezuela’s central bank has reached a deal that will provide the country with at least $300 million from New York-based investment fund Fintech Advisory Inc to help offset a cash crunch, two market sources and a source close to the government told Reuters on Friday. The crisis-hit country has spent months negotiating with investment banks, offering bonds as a guarantee, as it seeks to boost liquidity ahead of steep debt payments that begin next week, Reuters reported in February. Venezuela’s oil-dependent economy is suffering a brutal recession that has millionsRead More