Finance ministry in process of completing draft for 2014 Budget
Greek unemployment hits record 27.6% Greece, along with three other eurozone countries — Portugal, Ireland and Cyprus — remain dependent on rescue loans from the EU and International Monetary Fund (IMF). The 17-nation eurozone has emerged from its longest ever recession, growing 0.3% in the second quarter after 18 months of contraction. Unemployment rates remain high, but worries that the debt crisis could spread to larger economies such as Spain and Italy — which both saw borrowing costs climb dangerously high last year — have abated. “You can see if you look at the rates for sovereign debts they are stable.
KUCHING: The Finance Ministry is now in the process of completing the draft for 2014 Budget after receiving some 100 memorandums for consideration from various parties throughout 2014 Budget Consultation Council sessions since June this year. Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the consultation sessions were held in the peninsula, Sarawak and Sabah, and after the third session in Kota Kinabalu on Aug 22, the process of completing the draft for 2014 Budget was now in the last phase. “The draft is expected to be completed in the middle of September for scrutiny and finalised before being tabled by Prime Minister Datuk Seri Najib Tun Razak next October. “Out of the 15 focus groups involved in 2014 Budget, there are a few groups that are not finished. One of them is related to the Well-Being Index and this matter is now being implemented,” he said.
Fifth Street Finance (FSC) Passes Through 11% Yield Mark
Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock markets total return. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 11% would appear considerably attractive if that yield is sustainable.