Argentina inaugurates key gas pipeline to reverse energy deficit
By Candelaria Grimberg SALLIQUELO, Argentina (Reuters) – Argentina inaugurated on Sunday the first stage of a gas pipeline that will carry natural gas from the …
deficit
Turkey aims to ensure fiscal discipline and lower budget deficit -Finance Minister
ISTANBUL (Reuters) – Turkey is taking measures to re-establish fiscal discipline and control the level of the budget deficit, Finance Minister Mehmet Simsek said on …
U.S. trade deficit narrows in May on declining imports
WASHINGTON (Reuters) – The U.S. trade deficit narrowed in May, with imports of goods dropping to their lowest level since late 2021 as higher borrowing …
Italy’s finances creak as budget deficit climbs in Q1
By Gavin Jones and Giuseppe Fonte ROME (Reuters) – Italy’s budget deficit widened in the first quarter to 12.1% of gross domestic product (GDP) compared …
Here’s How Much The Supreme Court Just Shaved Off The Deficit In A Single Ruling
Here’s How Much The Supreme Court Just Shaved Off The Deficit In A Single Ruling Brandon Poulter on June 30, 2023 The Supreme Court ruled …
Swiss energy rescue helps fuel wider 2024 budget deficit forecast
ZURICH (Reuters) – Switzerland expects its budget deficit to widen to 6.7 billion Swiss francs ($7.46 billion) next year due to extraordinary spending on Ukrainian …
President Biden claims he cut deficit, liberal fact checkers disagree
President Joe Biden on Wednesday posted on Twitter that he had cut the U.S. deficit by $1.7 trillion. The post was immediately flagged by Twitter …
Analysis-Biden’s IRA climate bill won’t cut deficit as expected
By Jarrett Renshaw (Reuters) – When President Joe Biden signed his signature Inflation Reduction Act last August, he hailed the collection of green energy tax …
US budget deficit mushrooms in May as revenue falls, Medicare outlays jump
(Reuters) – The U.S. budget deficit swelled in May from a year earlier as revenue tumbled and Medicare spending surged, the Treasury Department said on …
US Trade Deficit Skyrockets In April As Exports Plummet Almost $10 Billion
US Trade Deficit Skyrockets In April As Exports Plummet Almost $10 Billion Jason Cohen on June 7, 2023 The U.S. trade deficit ballooned by $14 …
Colombia current account deficit shrank 36.3% in first quarter
BOGOTA (Reuters) – Colombia’s current account deficit shrank 36.3% in the first quarter compared with the same period last year, to $3.42 billion, the central …
Canada’s 2022-23 fiscal year budget deficit shrinks to C$41.31 billion
OTTAWA, May 26 (Reuters) – Canada’s budget deficit in fiscal 2022/23 shrank to C$41.31 billion ($30.89 billion) from C$95.57 billion in the previous year as …
Brazil’s government hikes estimate for 2023 budget deficit
BRASILIA (Reuters) – Brazil’s finance ministry forecast a primary budget deficit of 136.2 billion reais ($27.22 billion) this year, compared to 107.6 billion reais projected …
Explainer-What are Russia’s options for managing its widening budget deficit?
By Darya Korsunskaya and Alexander Marrow (Reuters) – As Russia’s military spending soars and sanctions squeeze its energy revenues, Moscow faces a battle to keep …
Platinum facing biggest deficit in years as carmakers snap up metal
LONDON (Reuters) – Rising demand from automakers, industry and investors will push the global platinum market into its biggest deficit in years, three industry reports …
India’s April merchandise and services trade deficit at 21-month low
By Shivangi Acharya and Manoj Kumar NEW DELHI (Reuters) – India’s merchandise and services trade deficit narrowed to a 21-month low in April as imports …
‘We Do Have A Deficit Problem’: Former Obama Administration Official Dumps Cold Water On MSNBC
‘We Do Have A Deficit Problem’: Former Obama Administration Official Dumps Cold Water On MSNBC Harold Hutchison on May 11, 2023 Former Obama administration official …
Russia’s Jan-April budget deficit hits $44 billion as energy revenues plunge
(Reuters) – Russia’s federal budget recorded a 3.4 trillion rouble ($43.8 billion) deficit in the first four months of the year, the finance ministry said …
US trade deficit narrows sharply in March as exports rise
WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in March as exports increased, which could position trade to continue contributing to economic growth in …
Russian Finance Minister: Hitting budget deficit of 2% of GDP depends on oil and gas – agencies
(Reuters) – Russia’s forecast of a 2023 budget deficit of no more than 2% of gross domestic product (GDP) remains in force but much depends …
Spain cuts 2024 budget deficit target to 3% of GDP
MADRID (Reuters) – The Spanish government intends to lower the budget deficit to the equivalent to 3% of gross domestic product in 2024 from 3.9% …
U.S. goods trade deficit narrows sharply in March; retail inventories rise
WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed sharply in March as exports surged and imports declined, which augurs well for economic growth …
Germany expects deficit of 4.25%/GDP in 2023 – fin min
BERLIN (Reuters) – Germany expects to post a deficit of 4.25% of gross domestic product (GDP) in 2023, up from a 2.6% deficit the previous …
Indonesia posts $8.7 billion Q1 budget surplus, stronger rupiah seen cutting deficit outlook
JAKARTA (Reuters) – Indonesia posted a 128.5 trillion rupiah ($8.69 billion) budget surplus in the first quarter on strong tax collection and the recent strengthening …
Turkish budget deficit widens in March after quakes
ISTANBUL (Reuters) – Turkey’s central government budget recorded a deficit of 47.22 billion lira ($2.46 billion) in March, the Finance Ministry said on Monday, while …
Brazil proposes zero primary budget deficit in 2024, conditions expenditures to new fiscal rules
BRASILIA (Reuters) – Brazil’s Planning Ministry announced on Friday a zero primary deficit target for 2024, but stated that 172 billion reais ($35.03 billion) in …
U.S. government posts $378 billion deficit in March
(Reuters) – The U.S. government recorded a $378-billion budget deficit in March as outlays outpaced revenues, the Treasury Department said on Wednesday. That compared to …
Turkey’s current account deficit seen at $8.5 billion in Feb; $45 billion in 2023
ISTANBUL (Reuters) -Turkey is expected to record a current account deficit of $8.5 billion in February on back of high gold and energy imports, a …
Italy set to confirm deficit targets for this year and next -sources
By Giuseppe Fonte ROME (Reuters) – Italy is likely to confirm its budget deficit targets for this year and next, people familiar with the matter …
U.S. trade deficit widens in February as goods exports fall
WASHINGTON (Reuters) – The U.S. trade deficit widened more than expected in February as exports of goods declined, suggesting that trade could drag on economic …
Italy sees 2023 deficit on target despite higher rates, Eurostat setback – sources
By Giuseppe Fonte ROME (Reuters) – Italy estimates a 2023 budget deficit broadly in line with its previous goal of 4.5% of national output, people …
US goods trade deficit widens as exports decline
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods widened modestly in February as exports declined, potentially setting up trade to be …
India current account deficit likely narrowed to 2.7% of GDP in Q4: Reuters poll
By Madhumita Gokhale BENGALURU (Reuters) – India’s current account deficit is likely to have improved in the final quarter of 2022 from a nine-year high …
US current account deficit narrows in fourth quarter
WASHINGTON (Reuters) – The U.S. current account deficit narrowed in the fourth quarter amid an improvement in secondary income receipts as well as an increase …
Energy bill support pushes UK budget deficit to February record
By Andy Bruce and Sachin Ravikumar LONDON (Reuters) -Britain’s government borrowed more than expected in February, official data showed on Tuesday, but finance minister Jeremy …
Euro zone trade deficit flat in Jan despite increased energy import spend
BRUSSELS (Reuters) – The euro zone trade deficit was little changed in January from a year earlier, with sharply higher cost of energy imports outweighing …
Philippines posts biggest trade deficit in 5 months
MANILA (Reuters) – The Philippines posted its widest trade deficit in five months for January as exports fell sharply, pointing to a worsening trade balance …
Turkey’s current account deficit widens to record level in January
ISTANBUL (Reuters) – Turkey’s current account deficit widened to $9.85 billion in January, data from the central bank showed on Monday, the highest level in …
U.S. deficit grows to $262 billion in February as tax refunds surge
WASHINGTON (Reuters) – The U.S. government posted a $262 billion budget deficit in February, up 21% from a year earlier, as outlays grew and revenues …
South Korea Jan. current account logs record monthly deficit
SEOUL (Reuters) – South Korea’s current account logged a record deficit in January, central bank data showed on Friday, as exports of goods slumped and …
U.S. trade deficit widens moderately in January
WASHINGTON (Reuters) – The U.S. trade deficit widened moderately in January as both imports and exports increased strongly. The trade deficit increased 1.6% to $68.3 …
Turkey’s current account deficit at $10 billion in January; $43.5 billion in 2023 – Reuters Poll
ISTANBUL (Reuters) – Turkey is expected to record a current account deficit of $10 billion in January on back of gold imports, a Reuters poll …
Italy posts firm growth in 2022, but budget deficit overshoots
By Antonella Cinelli and Valentina Consiglio ROME (Reuters) – Italy posted firm economic growth of 3.7% last year but the budget deficit far exceeded official …
Turkish trade deficit jumps 38% to $14.2 billion in January
ISTANBUL (Reuters) – Turkey’s foreign trade deficit widened 38.4% year-on-year to $14.24 billion in January, official data showed on Monday, with imports surging 20.7% and …
Canada records C$5.54 billion budget deficit over first nine months of 2022/23
OTTAWA (Reuters) – Canada recorded a C$5.54 billion ($4.06 billion) budget deficit for the first nine months of the 2022/23 fiscal year, partly due to …
Russian 2023 budget deficit to widen as price caps take effect – Scope
BERLIN (Reuters) – Lower revenues from oil and gas exports will significantly widen Russia’s budget shortfall this year, according to an analysis from the European …
Hong Kong under pressure to cut spending in budget as deficit soars
By Jessie Pang and Donny Kwok HONG KONG (Reuters) – Hong Kong is under pressure to rein in spending when it unveils its annual budget …
Indonesia plans to narrow 2024 fiscal deficit, sees higher GDP growth
JAKARTA (Reuters) – Indonesia expects to bring its budget to a narrower fiscal deficit next year, even as its economic growth is predicted to accelerate, …
Pakistan current account deficit falls to $0.2 billion in Jan – cenbank
By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s current account deficit (CAD) dropped to $0.2 billion in January 2023, down 90% from last year as …
Russia stands by 2% of GDP budget deficit plan after huge Jan shortfall
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) -Russia’s finance ministry is sticking with plans to post a budget deficit of no more than 2% …