Welcome Mr. Finance Minister

2012 ◽  
Author(s):  
Jay Desai ◽  
Arti Trivedi ◽  
Nisarg A. Joshi
Keyword(s):  
Finance Minister

scholarly journals Does the Eu Need a Finance Minister?

European View ◽  
2012 ◽  
Vol 11 (1) ◽  
pp. 87-88
Author(s):  
Pablo Zalba Bidegain
Keyword(s):  
Finance Minister ◽  
The Eu

The South African public service wage bill deadlock in 2021: living on the edge

2021 ◽  
Vol 11 (4) ◽  
pp. 1-15
Author(s):  
Marianne Matthee ◽  
Albert Wöcke
Keyword(s):  
Fiscal Policy ◽  
Learning Outcomes ◽  
South African ◽  
Public Service ◽  
Subject Area ◽  
The South ◽  
Content Type ◽  
Academic Level ◽  
Finance Minister ◽  
The Government

Subject area Macro-Economics. Study level/applicability Undergraduate and MBA. Case overview The COVID 19 pandemic-related restrictions devastated South Africa’s economy in 2020 and although the restrictions were generally less damaging than in 2020, the government had to budget for vaccinations and rebuild the economy. Public service unions had just announced that they were demanding an increase of 4% above inflation for their members and that they were preparing for a strike. They were bitter about the fact that the South African Government had withdrawn from the last year of a three-year wage agreement in February 2020 and their members had not received an increase for the two years. These demands and Finance Minister Mboweni’s response to them had to consider the structural and cyclical impact on the fiscus and economy. Expected learning outcomes The learning outcomes are as follows: understand the general objectives of fiscal policy and stakeholders’ interests; understand the tradeoffs in fiscal policy and the implications of taking a position; and make recommendations based on reasoned judgements about those recommendations. Complexity academic level Undergraduate and MBA level courses on Macro Economics. Supplementary materials Teaching notes are available for educators only. Subject code CSS 10: Public Sector Management.

IN THIS ISSUE

2020 ◽  
Vol 38 (2) ◽  
Author(s):  
Henning Melber
Keyword(s):  
South African ◽  
Economic Freedom ◽  
Good Governance ◽  
Human Security ◽  
Economic Transformation ◽  
South African Society ◽  
Strategic Issues ◽  
Finance Minister ◽  
Multiple Challenges

South African Finance Ministers (notably in the plural, given the events since December 2015) face multiple challenges. They deal not only with an economy in stagnation through an austerity policy as recently presented by Pravin Gordhan in his Medium Term Budget in late  October, but also with the sobering results of the limited socio-economic transformation since the end of apartheid. The contradictions prevailing since then are reflected not least in the devastating crisis sweeping across South Africa  universities. As if that is not enough, a Finance Minister concerned about good governance is also waging an uphill battle to reduce damage by trying to protect the state and its assets from further capture by predatory elites. Considering all of this, it is not surprising that a critical analysis of what is termed economic freedom, an interpretation of the meaning and its consequences, is a fitting contribution to the Strategic Review. Joleen Steyn Kotze presents such an examination in the first article of this issue. Her reflections compare and juxtapose the different notions and ideologies of economic freedom and the effects these may have if turned into policy. This invites further debate regarding the transformation of South African society, which inherited one of the most grossly unequal societies in our world, a condition yet to be markedly reduced. Debates are also required about other aspects that are relevant for a journal focused on regional strategic issues. These include not least the notion of human security and the role of the military. Thuso Benton Mongwaketse relates directly with his contribution, to a subject raised in recent issues.1) By concluding that "security and human security in particular, is fundamentally about responsiveness, accountability, and transparency in governance", he more than indirectly links the discourse on the role of a national defence force to the socio-economic dimensions dealt with in the first article.

Algeria aims to put its finances on a sustainable path

2021 ◽  
Keyword(s):  
High Risk ◽  
Income Tax ◽  
Oil And Gas ◽  
Prime Minister ◽  
Policy Reforms ◽  
Content Type ◽  
Finance Minister ◽  
Price Increases ◽  
Investment Law ◽  
Subsidy Reform

Significance The prime minister and finance minister, Aymane Benabderrahmane, has loaded some substantive policy reforms into the 2022 budget law, including a provision for reform of the subsidy system, revisions to the investment law and changes to income tax. Impacts There is a high risk that within the next five years there will be a slump in oil and gas prices. Algeria’s heavy reliance on hydrocarbons makes it particularly vulnerable once momentum builds up for global decarbonisation. Subsidy reform will entail price increases, even if they are gradually applied.

scholarly journals ANALISIS TINGKAT KEPATUHAN WAJIB PAJAK DALAM MEMBAYAR PAJAK BUMI DAN BANGUNAN DI KANTOR PAJAK PRATAMA MANADO

2013 ◽  
Vol 8 (4) ◽  
Author(s):  
Javier Sondakh ◽  
Jenny Morasa ◽  
Heince Wokas
Keyword(s):  
Local Governments ◽  
Central Government ◽  
Local Development ◽  
Tax Compliance ◽  
Secondary Data ◽  
Tax Revenue ◽  
Small Community ◽  
Finance Minister ◽  
Tax Payments ◽  
Primary Service

In accordance with the decision of the finance minister 34/PMK.03/2005 UN taxation philosophy about sharing property tax revenues between the central government and local governments that receive the proceeds of land and building tax is directed for the purpose of public interest, then the proceeds from the PBB constitutes acceptance of the State which must be shared between the central government and local governments. The purpose of this study was to determine the level of tax compliance in Target and Realization of Land and Building Tax payments. Sources of data used in this study is secondary data is data that comes from the Tax Office Primary service Manado. The results showed that the Land and Building Tax Revenue in theperiod of four years from 2008-2011 continued to increase except in the year 2009. In general, most people are aware of their obligations as citizens of Indonesia are good and they are aware that taxes are a form of public participation in local development to better developed and developing countries. Also there is a small community is not aware of its obligations as a taxpayer PBB.

scholarly journals Joseph Schumpeter’s Credit View of Money: a Contribution to a “Monetary Analysis” of Capitalism

2020 ◽  
Vol 12 (4) ◽  
pp. 054-076
Author(s):  
Odile Lakomski-Laguerre ◽  
Keyword(s):  
Banking System ◽  
The United States ◽  
Coercive Power ◽  
Accounting System ◽  
Private Bank ◽  
Finance Minister ◽  
Monetary Analysis ◽  
Central Agency ◽  
Credit View ◽  
Innovation And Entrepreneurship

This paper highlights Joseph Schumpeter’s monetary thought, which appears to be neglected, compared to his theory of innovation and entrepreneurship. In particular, the author addresses his completely unknown writing “Das Wesen des Geldes” focused on the topic of money. This book uncovers the “essence” and the logic of money and credit that stem from Schumpeter’s experience as the finance minister and the president of a private bank. Relying on this experience, Schumpeter rediscovers and deepens the credit theory of money, which interprets the money as an institution and a social accounting system, with the banking system seen as the central agency of capitalism. “Das Wesen des Geldes” is particularly interesting, since it is the outcome of Schumpeter’s elaborations within the framework of the German Historical (Ethical) School headed by Gustav Schmoller. This was followed by his moving to the United States, and his views reversed to support the neoclassical framework in line with Marshall – Taussig canon. The fact that “Das Wesen des Geldes” was not published posthumously until 40 years after it was written, shows the coercive power of the rules within the communities of academic economists.

America's China Policy in the Age of the Finance Minister: Clinton Ends Linkage

1994 ◽  
Vol 139 ◽  
pp. 597-621 ◽  
Author(s):  
David M. Lampton
Keyword(s):  
Human Rights ◽  
House Of Representatives ◽  
Foreign Minister ◽  
The United States ◽  
The Other ◽  
China Policy ◽  
Economic Interests ◽  
George Bush ◽  
Finance Minister ◽  
Hands And Feet

It turned out that MFN was useful as a tool only to bludgeon George Bush. Democratic Staff Member in the House of RepresentativesPresident Clinton's determination to put economic policy at the heart of our foreign policy is evident in the areas where we have succeeded…. Secretary of State Warren ChristopherIn Asia – excluding Japan – they will spend a trillion dollars in infrastructure of all types in the next decade. That's a Century Freeway every week…. I'm from Texas. I'm used to big. But it is difficult to comprehend how big that market is and how those economies are transforming. Secretary of Treasury Lloyd Bentsen speaking in California[President Clinton has] enmeshed himself in a web of his own spinning… If a politician always sets such deadlines, then he will only have his own hands and feet bound. Chinese Foreign Minister Qian QichenThe United States maintains a triple standard. For their own human rights problems they shut their eyes. For some other countries’ human rights questions they open one eye and shut the other. And for China, they open both eyes and stare. Chinese Finance Minister Liu ZhongliIn the end, economic interests won the day. It wasn't really even close…. This is the age of the Finance Minister. Thomas L. Friedman, journalist

Boric will face challenges on many sides in Chile

2021 ◽  
Keyword(s):  
Financial Markets ◽  
Presidential Election ◽  
Economic Situation ◽  
Political Event ◽  
Content Type ◽  
Finance Minister ◽  
New Feature ◽  
Pinochet Dictatorship

Significance It is arguably the most important political event in Chile since the 1988 referendum that led to the restoration of democracy after the 1973-90 Pinochet dictatorship. Impacts In the presidential election, a growing generational cleavage emerged as a new feature of Chilean politics. Financial markets, which initially reacted negatively to Boric’s election, will be looking closely at his choice of finance minister. Chile’s likely economic situation in 2022 and 2023 does not look propitious for Boric’s proposed fiscally expensive reforms.

Fault Lines

2018 ◽  
pp. 19-54
Author(s):  
Hassan Malik
Keyword(s):  
Private Sector ◽  
Capital Markets ◽  
Gold Standard ◽  
Late Nineteenth Century ◽  
The West ◽  
Financial Reforms ◽  
Railroad Industry ◽  
Finance Minister ◽  
Ambitious Program ◽  
Late Nineteenth

This chapter traces Russia's financial reforms in the late nineteenth century. It puts the reforms associated with Sergei Witte's tenure as finance minister from 1892 to 1903 in a broader context, and also highlights key strategic errors made during his tenure. As the chapter shows, Witte, more than any other figure in Russia or the West, is associated with the boom in Russian investment in the late nineteenth and early twentieth centuries. During his tenure as finance minister, Russia adopted the gold standard in 1897 and repeatedly turned to the foreign capital markets for loans to finance an ambitious program of state-led industrialization. His name was similarly associated with the boom in Russian railroad construction, the Trans-Siberian Railway in particular—an association that began in his earliest days while working in the railroad industry, first in the private sector (initially as a lowly conductor to learn the business) and then in government.

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