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Indiana lawmakers set to decide next two years of state spending over next two weeks - Vimarsana News

Indiana lawmakers set to decide next two years of state spending over next two weeks

“I’ll see you in heaven.” It was the last thing Al Braccolino, 90, of Crown Point, told one of his daughters as paramedics loaded him into an ambulance Nov. 16. COVID-19 forced him into the final fight of his life. Ten days later, the chair Al usually occupied at the Thanksgiving table would sit empty. The husband to his wife of 70 years, father of three and grandfather of six died on the holiday. Al’s daughter, Sandra Noe, was herself suffering from COVID-19, which she contracted while caring for her sick parents, when the virus forced Al’s hospitalization. Noe, 66, ...

New deputy chairman of Kazakhstan's National Bank named - Vimarsana News

New deputy chairman of Kazakhstan's National Bank named

New deputy chairman of Kazakhstan’s National Bank named 5 April 2021 20:20 Share in: NUR-SULTAN. KAZINFORM – Berik Sholpankulov has been named new Deputy Chairman of the National Bank of Kazakhstan, Kazinform cites the Akorda press service. Sholpankulov was born in 1976 in Almaty region. In 1996, he graduated from the Kazakh State Agrarian University. He began his career as a treasurer of the Cash Management and State Debt department of the Treasury of Kazakhstan’s Finance Ministry. Throughout many years he held senior posit...

Source: inform.kz
Snowballing national debt - Vimarsana News

Snowballing national debt

Snowballing national debt Pork barrel projects feared to hurt fiscal health South Korea's national debt has continued to snowball, and according to the Ministry of Economy and Finance, Tuesday, it is expected to reach 965.9 trillion won ($84.7 billion) by the end of the year. This estimate includes the first extra budget bill of 2021 which has already been submitted to the National Assembly. Last year, the state debt surged by 41.7 trillion won due to four large-scale supplementary budgets drawn up amid the persisting COVID-19 pandemic. Experts even forecast that it will surpass 1,000 trill...

Tax revenue growth, federal aid may boost bottom line of new state budget - Vimarsana News

Tax revenue growth, federal aid may boost bottom line of new state budget

Hoosier lawmakers working to craft the new, two-year state budget ahead of an April 29 deadline likely will have additional money available to spend on education, teacher pay raises, and myriad other state needs or wants. Data released last week by the State Budget Agency show both sales and individual income tax revenue in January and February considerably exceeded the expectations set in the December 2020 revenue forecast. February sales tax collections, largely reflecting January purchases, totaled $695.2 million, which was $62.4 million, or 9.9%, greater than the revenue forecast, accordi...

House Republican budget prioritizes COVID relief, education funding - Vimarsana News

House Republican budget prioritizes COVID relief, education funding

The two-year state budget proposal crafted by House Republicans prioritizes one-time spending focused on helping students and businesses recover from the COVID-19 pandemic over the state debt paydown preferred by Republican Gov. Eric Holcomb. The House GOP plan unveiled Thursday allocates $150 million to fund grants to school corporations, colleges and universities, community organizations, current or retired teachers, and pretty much any entity prepared to assist Indiana elementary and high school students overcome pandemic-related “learning loss” and help them return to grade-leve...