Next year’s budget gap seen at 4.51%-4.85% 2023 budget gap seen at 2.71%-2.97% Finmin says structural reforms to boost GDP growth to 6% (Recasts with finmin comments)
JAKARTA, April 29 (Reuters) - Indonesia’s 2022 state budget could be smaller than this year’s as the government looks to cut its budget deficit and taper pandemic-era fiscal support, senior finance ministry officials said on Thursday.
Southeast Asia’s largest economy relaxed its fiscal rules for three years from 2020 to allow for bigger government spending amid the coronavirus pandemic, but has vowed to bring fiscal deficits back to under a legal limit of 3% of gross domestic product (GDP) starting in 2023.
Spanish renewable energy company Ecoener has slashed the target size of its share issue by almost half, a day before closing order books and fixing a final price for what will be Madrid's first initial public offering this year.
HONG KONG, April 29 (Reuters) - Asian shares extended gains on Thursday after the Federal Reserve said it was too early to consider rolling back emergency support for the economy, and U.S. President Joe Biden proposed an $1.8 trillion stimulus package.
European and U.S. markets were set to open higher as well, with FTSE futures up 0.15%. E-mini futures for the S&P 500 index rose 0.53% and Nasdaq futures advanced 0.87%.
Biden proposed the sweeping new $1.8 trillion plan in a speech to a joint session of Congress on Wednesday, pleading with Republican lawmakers to work with him on divisive issues and to meet the stiff competition posed by China.
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JERUSALEM, April 21 (Reuters) - Israel is prepared to tap international markets for a benchmark-sized sovereign debt offering in 2021 with the timing and size still to be determined and dependent on market conditions, the country’s accountant general said.
The issue will most likely be euro-denominated after large dollar-denominated offerings in 2020. Israel typically alternates between dollar and euro every year, and the bonds typically attract a huge number of foreign, thanks to the country’s relatively strong economy.
“We do both dollar and euro but right now the euro market is more attractive,” Accountant General Yali Rothenberg said in response to a question from Reuters on bond issues.
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BUDAPEST/PRAGUE (Reuters) - Central Europe’s rate setters for the most part look set to weather a looming spike in inflation and let their economies rebound with a vengeance from the COVID-19 shutdown, propelled by strong domestic demand, investments and European Union funds.
FILE PHOTO: People enjoy the evening outside a bar after the Hungarian government allowed the reopening of outdoor terraces, as the spread of the coronavirus disease (COVID-19) continues in Budapest, Hungary, April 24, 2021. REUTERS/Bernadett Szabo/File Photo
The EU’s eastern members, whose job markets and wage growth have remained buoyant, are facing higher inflationary pressures than others in Europe.