The International Monetary Fund announced on Tuesday afternoon that the Colombian government has drawn $5.4 billion from its flexible credit line with the economic institution, which the country will use to help mitigate the impact of the COVID-19 pandemic in its economy.
State budget and tax
Tech Companies Operating in France Must Pay Digital Services Tax Starting In December
The French Finance Ministry has ordered tech giants to pay for the digital services tax introduced in the European country last year despite the U.S. government’s warning that it could slap retaliatory tariffs on French imports.
United States Starts Fiscal 2021 with an October Budget Deficit of $284 billion
The US Treasury Department said on Thursday afternoon that the United States government started the 2021 fiscal year with an October budget deficit of $284 billion, as COVID-19-related outlays spiked significantly from a year earlier and revenues declined.
Indonesia Signs AU$1.5 Billion Loan Deal with Australia for COVID-19 Response
Indonesia has signed a loan deal with Australia amounting to AU$ 1.5 billion for Covid-19 relief efforts, Indonesian finance minister Sri Mulyani Indrawati announced on Thursday.
Spanish Government’s Budget Eyes Tax Hikes for Millionaires
The Spanish government of Prime Minister Pedro Sanchez presented on Wednesday morning its 2021 budget, which includes tax hikes for the nation’s millionaires and wealthiest in order to help fund historic spending.