Finance News Archive

30-Sep-2005

• 'Finance minister on spending Stabilization Fund (RosBusinessConsulting)
RBC, 30.09.2005, Sochi 19:24:48. Russian Finance minister Alexei Kudrin considers it possible to spend the Stabilization Fund for financing tax cuts starting 2009, he announced at a meeting of a council for competitiveness and entrepreneurship.
• 'SBP keeps export finance rates unchanged (Daily Times)
KARACHI: The State Bank of Pakistan (SBP) left the rate of Export Finance Scheme (EFS) unchanged at 9 percent per annum for October, 2005, the SPB said in a circular here on Friday.
• 'Mortgage Finance Authority expands home renovation program with $2.6 million (BizJournals)
The New Mexico Mortgage Finance Authority has garnered funding to expand a pilot program that provides funds for home renovations on tribal lands and colonias.
• 'Russian finance minister objects to VAT reduction (Itar-Tass)
MOSCOW, September 30 (Itar-Tass) -- The proposal to reduce the value added tax (VAT) from 18 to 13% ?will upset our parameters,? Finance Minister Alexei Kudrin said at a Friday meeting of the Competition and Business Council.
• 'State seeks dismissal of education finance suit (Bismarck Tribune)
North Dakota's top defense attorney in an education finance lawsuit said he will ask a judge to dismiss the case, saying it asks judges to "usurp the authority" of the Legislature.
• 'Finance chief warns against deferring VAT law (INQ7money.net)
INTERNATIONAL credit-rating agencies emphasized to Philippine economic officials at their meetings last week that implementation of the value-added tax (VAT) law was crucial to prevent a further erosion of the country's credit ratings, Finance Secretary Margarito Teves said Friday.
• 'Russia could double GDP in 3-5 years - finance minister (Russian Information Agency Novosti)
MOSCOW, September 30 (RIA Novosti) - Russia's finance minister said Friday that the government had a historical opportunity to influence the country's economic growth and double the GDP in three to five years.
• 'Finance Committee okays 2006 budget (The Tomah Journal)
Monroe County Finance Committee Chair Carl Anderson said the 2006 budget was "put to bed" at the committee's meeting on Tuesday. It remains to be seen how much the covers of that bed will be ruffled between Tuesday and on Nov. 2.
• 'DeLay Hammered by Campaign Finance Indictment, Steps Down as House Majority Leader (Democracy Now!)
A Texas grand jury on Wednesday indicted House Majority leader Tom DeLay (R - Texas) and two political associates, charging them with a conspiracy to violate Texas campaign finance laws.
• 'Dawson proposes changing finance department of school district (Benton Courier)
In his first school board meeting since becoming interim superintendent of the Benton School District, Dr. Fred Dawson recommended a reorganization of the district's Finance department, which he says will save the district about $20,000 annually.