Treasury

The government raised Sh25.7 billion from its first two bond auctions this month, even as Kenya's central bank continues to reject high-priced bids in a bid to lower interest rates. The November bond issuance consists of a 15-year note…

Billionaire hedge fund manager Scott Bescent is reportedly positioning himself as a leading candidate for Treasury Secretary under Donald Trump's administration. Matthew Baines, director of SentinelOne and national security fellow…

The UK Treasury may have broken the law by withholding £9.5bn of spending pressure ahead of Jeremy Hunt's final Budget in March, according to Richard Hughes, head of the Office for Budget Responsibility (OBR). Hughes suggested…

Disagreements between Transportation Minister Miri Regev and Finance Minister Bezalel Smotrich tend to arise when they come to negotiate the state budget. In the government meeting on the budget last week, they exchanged…

Commercial banks borrowed from the Central Bank of Kenya's emergency discount window to finance purchases of government securities as they saw a profit opportunity from the lower interest rate on the facilities compared to treasury bonds.…

National Treasury has revived plans to impose a 5% withholding tax on interest earned on infrastructure bonds with maturities of at least three years. Infrastructure bonds (IFBs) have been tax-free since they were first issued in…

After two and a half months, and assuming no further delays, the 2025 state budget will be submitted to the government for approval this Thursday. Although there is little time left, the package of measures presented by…

Government-owned vehicles will only be refueled using automated tag systems and will remain monitored through digital tracking devices in changes proposed by National Treasury aimed at reducing operating costs. The proposal will see the…

The list of measures planned by the Israeli Ministry of Finance as part of the 2025 budget goes on. In the latest draft of the planned measures published by the Ministry of Finance, it added a new imposition on employees…

As part of its plans to manage the fiscal deficit in 2025, the Ministry of Finance proposes to increase the additional tax on passive income such as interest. The Ministry proposes to raise the additional tax from its…