Finance Minister Bezalel Smotrich will bring an NIS three billion “extra-budgetary box” aimed at covering expenses of the war for government approval Sunday. An extra-budgetary box is a tool that enables Israel’s government to spend money outside of the budget without finding funding sources. The law prohibits the government from overspending the budget once
The government is expected to approve Finance Minister Bezalel Smotrich‘s proposal for a budget supplement of almost three billion NIS on Sunday to finance the continuation of evacuations from the North, the expansion of the military reserve program, and the implementation of aid for victims of October 7. According to the minister’s announcement, this
magine you are a super-rich businessman who receives an invitation to invest in Indonesia. After doing your homework, you know that this country has potential. However, you still hesitate to invest because you know that Indonesia’s real estate market is still immature. Having an immature market means that Indonesia’s market does not yet provide a
In an endless stream of appeals for help, social media platforms such as X (formerly known as Twitter) have been awash with posts by people who traded or invested in crypto on the crypto trading platform WazirX pleading to get their money back. What happened to their investments and why is there so much panic
The Finance Ministry is developing a new model to provide home loans based on a person’s consumption and spending pattern, Indian Express reported, quoting Financial Services Secretary Vivek Joshi. Banks will be developing the framework mostly on their own, but some of the parameters are to be discussed with the Indian Banks’ Association. Banks will
AFTER A NEW credit assessment model for MSMEs announced in the Budget, the Finance Ministry is now developing a similar product to provide home loans based on the digital footprints of an individual, said Financial Services Secretary Vivek Joshi. The move would be beneficial for individuals applying for home loans whose creditworthiness is not easy
utgoing President Joko “Jokowi” Widodo will appoint Thomas Djiwandono, the nephew of president-elect Prabowo Subianto and his adviser for fiscal issues, as a deputy finance minister later on Thursday, a senior politician said. Sufmi Dasco Ahmad, a senior member of Prabowo’s Gerindra Party confirmed earlier report of the planned appointment, adding Thomas will serve in the same
In a bid to cut down on unpaid housing mortgages, the Government Housing Bank (GHB) has been instructed to extend the loan repayment period to 85 years. Finance Minister Pichai Chunhavajira said on Monday that the move is to reduce the number of housing loans that fall under the special mention (SM) and non-performing loans