U.S. Treasury Announces Estimated $1.09 Trillion in Borrowing for Third Quarter 2024
The US Department of the Treasury’s Borrowing Plan for 2024
The recent announcement by the US Department of the Treasury has revealed its borrowing estimates for the April – June 2024 and July – September 2024 quarters. During the April – June 2024 quarter, Treasury is expected to borrow $243 billion in privately-held net marketable debt, with a cash balance of $750 billion at end-of-June. The borrowing estimate is $41 billion higher than announced earlier this year.
Similarly, during the July – September 2024 quarter, an estimated borrowing of $847 billion in privately-held net marketable debt is expected along with an end-of-September cash balance of $850 billion. The financing details related to Treasury’s Quarterly Refunding are yet to be released and will be available on May 1st.
Possible Implications
- “Higher Cash Balance: “This recent data unveils that hi
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U.S. Treasury Announces Estimated $1.09 Trillion in Borrowing for Third Quarter 2024
Learn how to collect contributions to Fonavi from deceased relatives
Debtors can access refunds from the nation’s bank
The payment to the fonavistas It already started. The thousands of people who are on the list of beneficiaries will be able to approach the Banco de la Nación to receive the money allocated for the years of contributions to the defunct National Housing Fund (Fonavi).
This process, entrusted to the ad hoc commission and regulated by the Executive, enables the return of Reimbursement 1 throughout the country, which includes list 1 to 19.
This refund aims to benefit more than 150,000 people who were able to demonstrate their contributions to this fund. Likewise, it is important to note that, if the contributor h
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https://www.worldysnews.com/learn-how-to-collect-contributions-to-fonavi-from-deceased-relatives/
Russian cigarette king guided millions through the Netherlands, just before sanctions
#Russian #cigarette #king #guided #millions #Netherlands #sanctions
Igor Kesaev
NOS Nieuws•vandaag, 22:31
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Real Police
editor Economics
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Real Police
editor Economics
Russian billionaire Igor Kesaev, who has ties to the Kremlin and the Russian arms industry, guided millions through the Netherlands more than a month after the Russian invasion of Ukraine (February 24, 2022). Sanctions were imposed on him by the EU on April 8.
That is evident from it temporary annual report from his Dutch letterbox company that was recently submitted to the Chamber of Commerce. In this Hague company he keeps his shares in Megapolis, the largest distributor of cigarettes in Russia.
Megapolis does not only belong to Kesaev, cigarette manufacturers Philip Morris and Japan Tobacco also have large shares. The Russian owns about 40 percent through his Megapolis Investment BV.
This provides him with annual profit distributions. In 2021, for example,
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Russian cigarette king guided millions through the Netherlands, just before sanctions
End clap for the Livestock Fair
| The last day of Fepa saw a considerable number of visitors. |
Once upon a fair… The curtain falls on the 16th edition of the Livestock and Animal Production Fair (Fepa). It was held, like every year, in Nanisana among Malagasy livestock professionals. Nearly twenty-two thousand visitors visited the site during the four days during which this meeting of stakeholders in the livestock sector was held. For many of them, holding this event allowed them to discover a booming industry. Some, already attracted by professional breeding, are already planning to
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Federal Councilor Karin Keller-Sutter wants more equity capital in banks – News
Contents
The Federal Councilor wants more equity capital for UBS’s foreign branches. The bank reduces the risks for taxpayers.
Does UBS need more equity capital to prevent a new banking crisis? The Federal Council thinks: yes. In future, investments in the branches of the major bank should be covered up to 100% with own funds.
In the Eco Talk, Federal Councilor Karin Keller-Sutter reiterates her request: “So that in the end it is not the taxpayers and the state who bear the risk.” With more equity capital, a bank can be better liquidated in an emergency.
According to rough estimates, additional equity capital would cost UBS between 15 and 25 billion francs. Finance Minister Karin Keller-Sutter does not confirm the figure, but calls it “plausible”.
Equity vs competitiveness?
Colm Kelleher, chairman of the board of directors of UBS, recently downplayed the importance of equity capital: «We are seriously concerned about some discussions on additional capital requirements. Additional capital is the wrong means.”
In case of risk there are rules that banks don’t like to see.
Keller-Sutter believes that Switzerland must remain a competitive financial center. “The bank needs to make sure it makes as much profit as possible and is attractive to investors.” But: “In case of risk there are rules that banks don’t like, but we have a different role”.
The state’s goal is to limit risk. This is also due to the fact that UBS’s balance sheet is twice as large as the Swiss gross domestic product: “We mu
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Federal Councilor Karin Keller-Sutter wants more equity capital in banks – News
Navigating Japan’s Shrinking Population: The Collapse of Public Transport amid the 2024 Problem
Japan’s course as a shrinking country
2024.4.30 (Tue) Minoru Yamada Follow Follow Share 0 Route bus services are being reduced one after another across Japan (Photo: Beomjin Ahn/shutterstock)
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The “2024” problem, where labor shortages are becoming common mainly in the logistics and construction industries due to restrictions on long working hours associated with work style reforms, is already becoming evident in many places. It will be even more serious in 2025, when he will be 75 years old. A significant reduction in the working population, which is responsible for social security, will have a major impact on people’s lives and widen various diversities. What will happen to a shrinking country in Japan? Journ
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Navigating Japan’s Shrinking Population: The Collapse of Public Transport amid the 2024 Problem
Auto show in China: Five Beijing premieres that are not convincing
Everything has a price, especially things that don’t cost anything.
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Auto show in China: Five Beijing premieres that are not convincing
The government collects taxes from the economy but does not spend them, thus reducing economic activity. Analysis:
– 2024-04-29 19:53:53
“Luys” Foundation analyzed the 2023 The report on the implementation of the RA state budget in the first half of the year.
“Due to the factors that have a positive impact on the economy of the Republic of Armenia, formed as a result of the Russian-Ukrainian conflict, a high increase in the indicator of economic activity was recorded in the Republic of Armenia. However, it is obvious that the rate of growth is slowing down significantly. In particular, in 2023 In June, the indicator of economic activity decreased twice compared to May. Economic growth has also slowed down. growth rate in 2023 in the second quarter compared to the first quarter it decreased by 3.0 percentage points and amounted to 9.1%, and in 2023 the growth rate of th
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New Chinese SUV Omoda 5: Features, Production, and Price Revealed
It already affects everyone and this does not surprise us at all: these are the characteristics of the most famous model at the moment.
There is a model from the East coming to conquer the entire market and, given its features and technical specifications, we wouldn’t be surprised at all if it became popular around the world in the years to come. On the other hand, China is a country that knows a lot about cars, as proven by the latest sales data in recent years.
In particular, the company that created this new model has decided to launch it into the SUV market, turning it forever. The love for SUVs is proven year after year, and certainly the brand Omoda decided to launch itself into this sector, conquering not only customers within national borders but also in Europe, especially in Spain.
It is called Mode 5, indeed, and in the country of Iberia it has made it
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New Chinese SUV Omoda 5: Features, Production, and Price Revealed
Workers highlight the installation of the Trade Union Freedom Table
Asunción, IP Agency.- The Government’s progress in protecting labor rights was evaluated by union organizations and authorities of the Ministry of Labor, Employment and Social Security (MTESS). During the meeting held this Tuesday at the aforementioned institution, worker leaders highlighted the importance of the installation of the Freedom of Association Roundtab
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Workers highlight the installation of the Trade Union Freedom Table