Indonesian Deputy Minister of Finance Suahasil Nazara (Source: https://theinsiderstories.com/) – The Indonesian government has expanded the budget deficit to 2.2 percent of the gross domestic products (GDP) followed the potential short fall on tax revenues around 200 trillion Rp (14.29 billion USD). Initially, in the 2019 State Budget, Indonesia targeted the budget deficit at 1.84 percent of GDP. Based on 2019 State Budget data, the government targeted to raise tax revenues to 1,557.5 trillion Rp. But, until October the realization of the tax revenues recorded around 1,000 trillion Rp. Talking with the press, Deputy Minister of Finance Suahasil Nazara blamed the uncertain global economic conditions as the reasoned the tax revenues lower that this year target. To finance the deficit, the government will release more government bonds to the market and implement budget efficiency, he said. “This needs to be done because we want our economic … [Read more...] about Indonesia raises budget deficit to 2.2 percent of GDP
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Vietnam plans to purchase more products from the United States over the coming years (Photo: Le Toan) The plan of national flag carrier Vietnam Airlines (VNA) to buy 50 narrow-body aircraft with the total investment of over VND88 trillion ($3.83 billion) was a hot topic in the aviation industry last week when the Ministry of Transport (MoT) offered opinions on the proposal. “VNA should work on the detailed plan on annual network development so as to have a foundation to assess the feasibility with market demands, with aviation infrastructure, and with national network development policy,” the MoT said in a recent document sent to Hanoi Department of Planning and Investment. If the plan for the purchase of the A320/321 NEO and B737 MAX8/9/10 types is approved, VNA and its two units Jetstar Pacific and Vasco, which hold a market share of 51 per cent, will be strengthened with the addition of the Boeing brand to the Hanoi-based airline’s fleet. In October, the air … [Read more...] about US deals power up trade for balancing out deficit
May, who was appointed prime minister shortly after Britain voted to leave the EU in June, faced down attempts in both the lower and upper houses of parliament to add conditions to legislation giving her right to launch the divorce. Both houses backed the so-called Brexit bill and after securing symbolic approval from Queen Elizabeth, which could come early on Tuesday, May has the right to begin what could be Britain's most complex negotiations since World War Two. But beyond saying she will begin the formal process by the end of this month, May has yet to answer the question of exactly when, and end nine months of guesswork as to how her government will approach the unchartered territory of leaving the EU. "We are now on the threshold of the most important negotiation for our country in a generation," Brexit minister David Davis said in a statement after parliament approved the legislation on Monday. "We have a plan to build a Global Britain, and take advantage of its new place in the … [Read more...] about May wins right to launch EU divorce talks, question is when?