government-funding
Top StoriesEuro Zone Eyes Temporary, Targeted Energy Support Amid High Inflation
Top StoriesUK Cabinet Was Not Informed of Plans to Scrap Top Rate of Tax, Truss Says
Top StoriesSwiss Finance Minister Maurer to Step Down at End of Year
Top StoriesUK Minister Says Government Will Work With Obr on Economic Forecasts
UK’s Kwarteng: Mini Budget Was Essential in Resetting Debate Around Growth
Date: September 30, 2022
LONDON (Reuters) – The British government’s so-called mini budget was essential in helping reset the debate around growth, finance minister Kwasi Kwarteng said on Thursday, after nearly a week of chaos in financial markets triggered by its huge tax cuts. “The mini budget was absolutely essential in resetting the debate around growth and focusing us...
Germany Agrees 200 Billion Euro Package to Shield Against Surging Energy Prices
Date: September 29, 2022
By Holger Hansen and Kirsti Knolle BERLIN (Reuters) – German Chancellor Olaf Scholz set out a 200 billion euro ($194 billion) “defensive shield”, including a gas price brake and a cut in sales tax for the fuel, to protect companies and households from the impact of soaring energy prices. Europe’s biggest economy is trying to...
Russian Oil and Gas Sector Braces for Tax Hikes of Over $60 Billion in 2023-2025
Date: September 28, 2022
MOSCOW (Reuters) – The Russian government has proposed more than $60 billion in tax increases for the oil and gas industry in 2023-2025, the biggest such rises in the country’s history, as it seeks to plug its budget gap, according to a document published on Wednesday. One of the heftiest burdens was slapped on Kremlin-controlled...
Germany Plans to Extend Lifespan of Two Nuclear Power Plants -Minister
Date: September 27, 2022
BERLIN (Reuters) -Germany expects to extend the lifespan of two of its last nuclear power plants Isar 2 and Neckarwestheim beyond their planned phase-out as declines in France’s nuclear power supply have worsened, Economy Minister Robert Habeck said on Tuesday. Germany had planned to complete a phase-out of nuclear power by the end of this...
Berlin to Scrap Gas Levy as It Looks for Funding Sources – Report
Date: September 27, 2022
BERLIN (Reuters) – Germany’s coalition government plans to scrap a levy on consumers’ gas bills by Wednesday, the Frankfurter Allgemeine Zeitung reported on Tuesday, citing sources. It is possible that a decision on the levy will be made on Tuesday evening, the newspaper added. The economy ministry said talks regarding the levy were ongoing. “A...
Czech Government Slightly Raises 2023 Deficit Target to $11.5 Billion
Date: September 27, 2022
PRAGUE (Reuters) – The Czech government approved the 2023 central state budget draft with a deficit of 295 billion crowns ($11.5 billion), above a previously debated target of 270 billion crowns, Finance Minister Zbynek Stanjura said on Monday. The rise includes higher spending on social support in light of Europe’s energy crisis, including caps on...