Delivery time2024-05-09 10:00
Total revenue increased by 2.1 trillion won… Total expenditure by 25.4 trillion won ↑
(Sejong=Yonhap News) Reporter Park Jae-hyun=In March this year, the national budget deficit reached a record high of 75.3 trillion won. Total revenue increased by 2.1 trillion won compared to the same period last year.
According to the ‘May issue of Monthly Financial Trends’ published by the Ministry of Strategy and Finance on the 9th, the national tax revenue at the end of March was 84.9 trillion won, a decrease of 2.2 trillion won compared to the same period last year. .
At the end of December, due to the impact of poor corporate business performance, corporate tax decreased by 5.5 trillion won, and income tax also decreased by 700 billion won. Value tax increased by 3.7 trillion won.
It earned 7.5 trillion in non-tax revenue, an increase of 100 billion won since last year.
55.1 trillion won from the fund’s income, an increase of 4.2 trillion won from a year ago.
The government’s total revenue was calculated to be 147.5 trillion won, an increase of 2.1 trillion won from last year.
This Is How The Economy Will Develop In…
Only one area is currently sending positive signals to the German economy. Experts warn that this is not enough for a real upswing – and say what urgently needs to be done.
Despite the good start to the new year, the IW researchers estimate that the German economy will not go beyond stagnation in 2024. The gross domestic product (GDP) will only remain at the level of last year, according to the new economic forecast from the German Economic Institute (IW), which was available to the Reuters news agency on Wednesday. Company surveys signaled weak economic development.
“Industry and the construction sector in particular remain stuck in the recession,” explained the Cologne economists. Positive impulses only come from consumption. “That’s not enough for a real upswing. In addition to consumption, investments must finally get going,” said IW economic expert Michael Grömling. “Huge gaps have now developed here.”
“If nothing changes, we will waste our potential”
The German economy shrank by 0.2 percent last year. At the end of 2023 it even fell by 0.5 percent, until the GDP increased by 0.2 percent at the beginning of 2024 and Germany narrowly avoided a recession. Many experts expect only a sluggish recovery for the current year;
Uncovering The Dark Side Of Wall Street: The…
The Impact of Intense Working Conditions on Investment Bankers
The recent passing of a 35-year-old Bank of America associate has brought to light the grueling working conditions faced by many investment bankers on Wall Street. The pressure of working 100-plus-hour weeks and navigating high-stress environments has sparked discussions about the challenges junior investors encounter, often seen as a necessary “rite of passage.”
Tragic Loss of Leo Lukenas III
Leo Lukenas III, a former Army Special Forces soldier turned investment banker at Bank of America, tragically passed away on May 2 due to “acute coronary artery thrombus.” While the coroner’s report did not directly link his death to his workload, it has shed light on the demanding nature of the job for investment bankers, leading to strained relationships, declining mental and physical health, and long hours.
Call for Change
Following Lukenas’ untimely death, junior investment bankers have raised concerns about the need for better work-life balance. Some have even called for a strike at Bank of America to demand more reasonable work hours. These demands include setting a maximum cap on weekly hours, ensuring a monthly average of 80 hours per week, and allowing for at least one weekend off per month.
Pakistan And World Bank Sign Long-Term Partnership Business…
Pakistan and the World Bank held high-level talks on economic reforms. Pakistan and the World Bank signed a long-term partnership. Signed by Secretary Economic Affairs and Country Directors World Bank.
The Prime Minister of Pakistan witnessed the signing ceremony while Minister for Economic Affairs Ahad Khan Cheema was also present on the occasion.
According to the declaration, annual reviews and economic reform plans will be carried out under the new partnership framework.
Federal Minister for Economic Affairs met with World Bank President South Asia, Minister Cheema welcomed President Martin Razor in the meeting. He expressed his determination to strengthen.
The Minister of Economic Affairs thanked the World Bank for its support and cooperation and the top official of the World Bank expressed his satisfaction with the process of economic recovery of Pakistan. Options have been discussed.
Federal Minister Ahad Cheema emphasized on the demand of the World Bank for the involvement of private sectors, the expansion of the World Bank’s development portfolio in Pakistan was also discussed. Joint cooperation on climate change, energy, water and better employment was discussed, joint cooperation on human resources and agriculture was agreed upon, Minister of Economic Affairs briefed the World Bank on important reforms in Pakistan,
ROAD INFRASTRUCTURE The Repair Of The RN13 Ihosy-Betroka…
The Ihosy-Betroka axis should be rehabilitated shortly. The company to which the contract for the repair of this 118 km portion of the RN13 linking the Ihorombe region to the Anosy and Androy regions is awarded, is awaiting start-up funds to be able to start and install a life base. According to explanations from a source at the Ministry of Public Works, the work to be undertaken consists, initially, of rehabilitating the current dirt track by providing selected materials. Structures such as scuppers and rafts are also planned in the earthworks. The renovation will be carried out under the State’s own internal financing (RPI). The source specifies that the possible asphalting is still awaiting other sources of financing. A ceremony requesting blessing for the work to be carried out with notables from the Ihorombe region and representatives of residents along the Ihosy-Betroka axis took place in Ikalamainty, at the junction on the RN7 leading towards Betroka. On the other hand, there are no details yet on the rehabilitation of the Betroka-Ambovombe portion, in the Androy region, forming the loop of this part of the RN13, which has long been in poor condition.
MiotiSoa Mare
WKN/IV-N: Rapidly Expand Energy Infrastructure And Ensure Competitiveness!…
WKNÖ President Ecker and IV-NÖ President Ochsner: “Fair distribution of financing for network infrastructure expansion” – use expansion potential in Lower Austria too
St. Pölten (OTS) – A clear and future-oriented energy policy is crucial for Lower Austria as a business location. Against the background of competitiveness and the necessary restructuring of the energy industry, the expansion of generation plants and the network infrastructure must go hand in hand. “The competitiveness of our companies must be secured in the long term. In order to guarantee this, there needs to be a fair distribution of financing for the expansion of the network infrastructure in Austria,” emphasize Wolfgang Ecker, President of the Lower Austrian Chamber of Commerce (WKNÖ), and Kari Ochsner, President of the Lower Austrian Industrial Association (IV-NÖ), at a press conference on the energy infrastructure Lower Austria.
Ecker: New financing models for expansion are necessary
Ecker emphasizes how urgently it is necessary to clarify financing: “The APG (Austrian Power Grid) expects necessary investments of 9 billion euros for the transmission network alone.” The problem is even clearer when it comes to wind power expansion: “60 percent of the entire Austria-wide wind power expansion comes from Lower Austria.
Another Large Polish Factory Will Lay Off Hundreds…
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The increase in collective layoffs is becoming a disturbing trend, especially in the province. Kuyavian-Pomeranian Voivodeship. Pomorska Fabryka Mebli in Nowe plans to lay off 270 employees, and Chełmża’s Bioethanol – 55. Only in the first quarter of 2024, the number of layoffs amounted to 368, significantly exceeding the number of 161 from the same period last year – informs banker.pl.
The increase in the number of group layoffs in the Kuyavian-Pomeranian Voivodeship is becoming a cause for concern. According to data from the Provincial Labor Office in Toruń, group layoffs affected 368 employees in the first quarter of 2024.
The biggest blow to the local community is the planned dismissal of 270 employees at the Pomorska Furniture Factory in Nowe. The company’s problems began with the emergence of the COVID-19 pandemic, and were escalated by the war in Ukraine. Despite looking for an investor, the company was unable to reverse the unfavorable situation.
Additionally, 55 people will lose their jobs at Bioethanol AEG in Chełmża. The company,
Vehicle Exports And Production Grow In Mexico In…
Mexico City. The automotive industry in Mexico maintained good progress in the first four months of the year, with a positive balance in shipments abroad, in its total production and in sales in the domestic market, reported data from the National Institute of Statistics and Geography (Inegi). ).
According to the Administrative Registry of the Automotive Industry of Light Vehicles (Raiavl), exports of light cars registered an annual increase of 14.38 percent in April, selling 289,756 light vehicles abroad. While in the accumulated of the first four months of 2024, one million 115 thousand 455 units were exported, which represented a growth of 12.15 percent compared to the same period in 2023.
For their part, automotive companies in the country assembled a total of 358,575 vehicles in April, which represented an advance of 21.74 percent compared to April 2023 (294,550 units).
During the January-April 2024 period, one million 286,356 light vehicles were produced, which represented a growth of 5.72 percent.
Light trucks represented 75.3 percent of the total produced, while the rest corresponded to automobile manufacturing.
In April, 112,048 light vehicles were sold in the national market in April,
Over 36,000 Foreigners Granted Residency In El Salvador…
The General Directorate of Migration and Immigration (DGME) in El Salvador has processed over 36,675 residences for foreigners since 2019, according to a recent announcement. The data from immigration officials revealed that many foreigners have chosen to live in El Salvador temporarily or permanently in order to pursue personal, business, and professional projects.
Furthermore, it was reported that during the last five years, more than 1,870 people have obtained Salvadoran nationality through legal means. This highlights the attractiveness of El Salvador as a destination for individuals looking to establish roots in the country.
One of the key factors that have contributed to the increase in residency applications is the streamlining of immigration procedures. This has led to significantly reduced waiting times and quicker processing of necessary documentation.
In addition, the introduction of the Special Entry Portal has made it easier for foreigners who require a visa to travel to El Salvador. This online platform allows applicants to check the status of their case and complete the necessary procedures promptl y.
The DGME emphasized the improvements in their services through a social media post, stating, “In this management, we have achieved great changes in the facilitation of services.” These advancements aim to make the immigration process more efficient and accessible for individuals looking to make El Salvador their home.