Oshelectro OJSC caused damage to the state budget in the amount of over 30 million soms, press service of the Financial Police of Kyrgyzstan reported. The Department of the State Service for Combating Economic Crimes (Financial Police) for Osh city has begun pre-trial proceedings on the fact of abuse of office against management of the…
The Ukrainian Finance Ministry believes that direct financing of the state budget from the International Monetary Fund (IMF) should be stopped until 2023, Finance Minister Serhiy Marchenko has declared. According to Marchenko, the IMF currently provides money directly to the budget to finance the budget deficit. The Finance Ministry wants the IMF to allocate money…
In November 2020, the number of foreign and resident visitors comprised 50.3 thousand, down by 44.2% MoM and by 72.3% YoY. As compared to November of the previous year, the number of nights spent by visitors reduced by 66% and comprised 121.9 thousand nights. After the emergency situation was declared in the country on November…
Proposals from over 20 local governments on the use of European Union funds have been made for 2021 onward, in conjunction with the Finance Ministry. Regional development is reportedly a major focus in the coming budgetary strategy period. The Association of Estonian Cities and Municipalities (ELVL) presented its EU structural funds proposals to the Ministry…
In November 2020, state debt of Kyrgyzstan reached $740.5 per capita. The debt burden increased by $6.6 over the month. According to the Ministry of Finance, as of November 30, 2020, the state debt (external plus internal) of Kyrgyzstan amounted to $4,887.46 billion (414,448.46 billion soms), including $4,218.38 billion (357,711.54 billion soms) of external and…
Head of the Center of Public Finance and Governance at Kyiv School of Economics (KSE) Daryna Marchak said the national budget for 2020 was fully implemented due to the aggressive borrowing policy of the Finance Ministry in December 2020. “In December 2020, the Finance Ministry borrowed UAH 166 billion ($5.9 billion) to the state budget,…
Although last year there was a slight increase in unemployment in Latvia, the second wave of Covid-19 has yet to leave a tangible effect, said the director of the Latvian State Employment Agency (NVA) Evita Simsone. “The current unemployment level is slightly up, and so far we have yet to see any major influence from…