The COVID-19 pandemic requires sufficient public funding to ensure a comprehensive response. Reprioritizing public spending toward bolstering the economy and the health system requires timely action from government leaders and a supportive public finance environment. Highly-affected countries have taken various approaches to budgetary allocation, depending on their public financial management (PFM) and regulatory systems. Adjustments…
GEORGE TOWN: The Penang government will allocate up to RM75 million under an initiative to rejuvenate the economy that has been ravaged by the Covid-19 pandemic. Chief Minister Chow Kon Yeow (pix) said the money, in the form of financial incentives, will be disbursed in three components. The first is directed at those considered most…
The most powerful person in Aso Rock, Abba Kyari; who is the chief of staff to the president, has tested positive to Covid19. No government official can reach President Buhari without him. There is a ripe suspicion that the kitchen cabinet might have been infected. Likewise in Europe, the most powerful person, Angela Merkel the chancellor…
PETALING JAYA: The government may face an uphill task trying to recover the country’s economy due to the impact of the Covid-19 pandemic. Former Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution (pix) pointed out that the previous Pakatan Harapan administration had based the country’s 2020 Budget on the crude oil price of…
U.S. airlines are asking the federal government for grants, loans and tax relief that could easily top $50 billion to help them recover from a sharp downturn in travel due to the new coronavirus. Read More https://techxplore.com/news/2020-03-airlines-bn-federal-loans-grants.html Views: 0
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