Tag: Treasury
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National Assembly Adjourned as Ruckus Erupts in Islamabad
Ruckus Forces Adjournment of National Assembly Session The National Assembly session in Islamabad was abruptly adjourned after a wave of disorder swept across the chamber on Monday. Members from both the treasury and opposition benches exchanged sharp remarks, preventing proceedings from continuing and prompting the speaker to suspend the session until 11am the following day.…
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Kenya Treasury Pushes Installment Plan as Lecturers Press for Dues
Government urges lecturers to accept payment in installments amid tight budget The Kenyan Treasury has proposed that the country’s lecturers accept payment in installments for a total debt of 7.9 billion Kenyan shillings, citing a cash-strapped government unable to settle the arrears in a single tranche. The move was disclosed during testimonies before the Education…
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Treasury Defends Steady Shilling: Economic Strength Behind Stable Currency
The Treasury’s Stance on a Stable Shilling The Kenyan National Treasury has publicly defended the country’s currency, the shilling, arguing that the exchange rate remains stable and that this stability is a sign of underlying economic strength. While some observers have raised concerns following commentary from international institutions, the Treasury contends that a steady shilling…
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UK Treasury Reserve Fund Clampdown: Ministers Told Bailouts Off
UK Treasury Reserve Fund Clampdown Signals a New Budget Discipline Ministers across the UK government are being warned that the Treasury’s reserve fund will not be a default line of credit for public sector pay rises or unforeseen pressures. In the run-up to the autumn budget, James Murray, the Chief Secretary to the Treasury, outlined…
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Trump on the $1 Coin: A 250th Anniversary Design Dividing Opinion
What the draft coin envisions In a development reported by ABC News, the U.S. Treasury has released draft designs for a one-dollar coin to commemorate the 250th anniversary of American independence in 2026. The proposed obverse would feature the profile of President Donald Trump, flanked by the classic inscriptions Liberty and In God We Trust.…
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The Eternal Spirit of Our Land: Trump on a $1 Coin Draft Sparks Legal Debate
The Draft Unveiling and Context On a recent Friday, the U.S. Treasury released draft images of a proposed one-dollar coin meant to commemorate the United States’ 250th anniversary of independence. The front is described as showing a profile portrait with the words Liberty and In God We Trust, while the back depicts the same figure…