Budget deficit is expected to reach 9 billion soms in 2022, the First Deputy Minister of Economy and Finance of Kyrgyzstan Almaz Baketayev has announced at a public hearing of the draft republican budget for 2022 and forecast for 2023-2024. According to him, the total revenues of the republican budget, taking into account state investment…Details
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Uzbekistan has become the 18th member of the International Olive Council (IOC). “With the ratification of the agreement by Uzbekistan, the country becomes a full member of the International Olive Oil Council sharing the objectives, mission and obligations of this important intergovernmental body, the largest forum on olive growing in the world,” said Abdellatif Ghedira,…Details
The draft state budget for 2022 provides for UAH 3 billion for the program to support Ukrainian entrepreneurs “Affordable Loans at 5-7-9%”, the Finance Ministry has written on its Facebook page. “The draft budget for 2022 is an investment in people, the country and the future. One of the priorities of the budget is the…Details
The draft state budget for 2022 envisages 21% of expenditures on the security and defense sector, to the Minister of Finance, Serhiy Marchenko has said. In total, UAH 319.4 billion will be spent on national security and defense, which corresponds to 5.95% of GDP. “These are expenditures within budget programs run by the Ministry of…Details
People struggling to pay their heating bills will be offered financial assistance, Prime Minister Ingrida Simonyte said on September 21. The government will take into account the rising heating costs, which are due to grow by more than 50% for households, and “it will be reflected in the budget”, the prime minister told reporters. Price…Details
In August, actual unemployment rate comprised 6.9%, down by 0.6% MoM. The actual unemployment rate in the country has not been this low since December 2019 (6.6%). The unemployment rate for females decreased by 0.4%, to 5.7% in August, and for males by 0.7%, to 8.1%, according to Data of the Labor Force Survey conducted…Details
Opposition parties are calling on the government to help mitigate the effects of rising electricity prices after new records were set several times last week. Last week, the government said it did not have plans to control rising prices. Both Isamaa and the Social Democratic Party (SDE) initiated bills on September 20 to lower the…Details