US Notches Record Trade Deficit In 2022 — Thanks Partly To China
US Notches Record Trade Deficit In 2022 — Thanks Partly To China Trevor Schakohl on February 7, 2023 The U.S. trade deficit increased to its …
deficit
Kenya tweaks 2022/23 spending, deficit estimates in supplementary budget
NAIROBI (Reuters) – Kenya’s finance ministry has tweaked its spending and budget deficit estimates for the current fiscal year that ends in June to show …
India ‘fairly’ confident of cutting fiscal deficit to 4.5% of GDP in 3 years -official
By Nikunj Ohri NEW DELHI (Reuters) – India is ‘fairly’ confident it can meet its target to cut its fiscal deficit by nearly 200 basis …
Turkey’s tourism gains in war-hit 2022 but trade deficit widens
By Canan Sevgili and Can Sezer ISTANBUL (Reuters) – Turkey’s tourism revenue hit a record $46.3 billion in 2022 even as its trade deficit swelled …
Canada records C$3.55 billion budget deficit over first eight months of 2022/23
OTTAWA, Jan 27 (Reuters) – Canada recorded a C$3.55 billion ($2.67 billion) budget deficit for the first eight months of the 2022/23 fiscal year, partly …
Philippines posts $4.6 billion trade deficit in December
MANILA (Reuters) – The Philippines posted a trade deficit of $4.6 billion for December, the biggest trade gap in three months, government data showed on …
India’s 2023/24 budget likely to be cautious, cutting deficit
By Aftab Ahmed NEW DELHI (Reuters) – The Indian government will present a budget on Feb. 1 that will likely put deficit reduction ahead of …
Russia says budget deficit hit 2.3% of GDP in 2022
(Reuters) – Russia recorded a budget deficit of 2.3% of its gross domestic product in 2022, Finance Minister Anton Siluanov said on Tuesday, reflecting the …
South Korea’s Nov current account turns to deficit from surplus in Oct
SEOUL (Reuters) – South Korea had its third month of current account deficit in 2022 in November, mainly hit by still high import costs of …
Turkish 2022 trade deficit leaps 138% to $110.2 billion -ministry
ISTANBUL (Reuters) – The Turkish trade deficit widened 138.4% from the previous year to $110.19 billion in 2022, the Trade Ministry said on Monday, with …
Bulgaria expects fiscal deficit of 1% of GDP for 2022
SOFIA (Reuters) – Bulgaria expects to end 2022 with a fiscal deficit of 1.5 billion levs ($821.11 million), equal to 1.0% of economic output, outperforming …
Canada posts C$174 million deficit over first seven months of 2022/23
OTTAWA, Dec 23 (Reuters) – Canada recorded a C$174 million ($127.91 million) budget deficit for the first seven months of the 2022/23 fiscal year, partly …
Tunisia seeks to cut fiscal deficit to 5.5% in 2023, led by economic reforms
By Tarek Amara TUNIS (Reuters) -Tunisia expects to reduce its fiscal deficit to 5.5% next year from a forecast 7.7% this year, driven by austerity …
U.S. current account deficit shrinks in third quarter
WASHINGTON (Reuters) – The U.S. current account deficit narrowed sharply in the third quarter as exports jumped to a record high, data showed on Wednesday. …
Greek Jan-Nov primary budget deficit beats target, tax revenues help
ATHENS (Reuters) -Greece’s central government reported a lower-than-expected primary budget deficit in the first 11 months of the year as tax revenues slightly beat initial …
New Zealand forecasts recession next year but a narrower budget deficit
By Lucy Craymer and Alasdair Pal WELLINGTON (Reuters) – New Zealand’s government on Wednesday forecast the country would enter a recession in 2023, even as …
US Deficit Hits Nearly $250 Billion, Smashing November Record
US Deficit Hits Nearly $250 Billion, Smashing November Record John Hugh DeMastri on December 13, 2022 The U.S. federal budget deficit set a record for …
Russia to see huge budget deficit in Dec after Gazprom-fuelled surplus in Nov
MOSCOW (Reuters) – Russia’s monthly budget deficit could reach 3.5 trillion roubles ($55.38 billion) in December for the government to see an annual deficit at …
Ukrainian officials warn of winter-long power deficit
KYIV (Reuters) – Ukrainian officials said on Friday the country’s energy system was stabilizing after the latest round of Russian air strikes but warned that …
German government deficit to hit 4.5% in 2023 – Spiegel
BERLIN (Reuters) – The German government’s public deficit will be significantly higher in 2023 than previously thought, reaching 4.5%, due mainly to energy relief measures, …
Serbia’s parliament adopts 2023 budget, sets growth at 2.5%, deficit at 3.3%
BELGRADE (Reuters) – Parliament adopted Serbia’s budget for next year on Friday, projecting growth at 2.5% of national output and a 3.3% deficit, down from …
Australia records first current account deficit in three years
By Wayne Cole SYDNEY (Reuters) – Australia’s current account fell into deficit for the first time in three years last quarter as robust domestic demand …
U.S. goods trade deficit widens sharply in October
WASHINGTON (Reuters) – The U.S. trade deficit in goods widened sharply in October as exports declined amid slowing global demand and a strong dollar. The …
Romania’s Jan-Oct consolidated budget deficit at 3.37%/GDP-Finance Minister data
BUCHAREST (Reuters) – Romania’s consolidated budget deficit widened to 3.37% of gross domestic product in the first ten months from 3.04% at the end of …
Brazil posts current account deficit of $4.6 billion in October
BRASILIA (Reuters) – Brazil’s current account deficit in October came slightly lower than expected, central bank data showed on Friday, in the wake of a …
Platinum deficit expected in 2023 after bumper surpluses, WPIC says
LONDON (Reuters) – The World Platinum Investment Council (WPIC) said on Tuesday it expected a deficit of the metal used in vehicle exhausts, industry and …
German government deficit could hit 3.5% in 2023 – Spiegel
BERLIN (Reuters) – Germany’s government deficit could reach as high as 3.5% next year, the Spiegel news magazine reported on Friday citing experts from the …
Silver heads for biggest deficit in decades, Silver Institute says
LONDON (Reuters) – Global demand for silver is expected to rise 16% this year to 1.21 billion ounces, creating the biggest deficit in decades, according …
Spain’s Jan-Sep trade deficit widens four-fold on energy prices
MADRID (Reuters) – Soaring energy prices pushed Spain’s trade deficit in the first nine months of the year to widen four-fold from the same period …
Canadian province of Ontario cuts deficit forecast, braces for slowdown
By Fergal Smith TORONTO (Reuters) -Ontario on Monday projected a smaller budget deficit for the current fiscal year as robust economic growth boosted tax revenues …
Canada cuts 2022/23 deficit forecasts, pledges targeted new spending
OTTAWA (Reuters) – Canada set out on Thursday C$11.3 billion ($8.2 billion) in new spending this year and next, and slashed its budget deficit forecast …
U.S. trade deficit widens in September
WASHINGTON(Reuters) – The U.S. trade deficit widened sharply in September, likely as a strong dollar and softening global demand weighed on exports. The Commerce Department …
Ecuador’s slimmer budget blueprint for next year shrinks deficit
QUITO (Reuters) – Ecuador’s government predicts its budget deficit will narrow to$2.63 billion next year as it benefits from more economic growth and oil production, …
India’s April-Sept fiscal deficit touches $74.91 billion, tax receipts rise
NEW DELHI (Reuters) – India’s federal fiscal deficit in the first half of the financial year through September rose to 6.20 trillion rupees ($74.91 billion) …
Czech parliament locks in 2023 deficit at $12 billion as war, energy crisis bite
PRAGUE (Reuters) – The Czech parliament gave its initial nod to the 2023 state budget bill, setting the deficit at 295 billion crowns ($12.1 billion) …
PINKERTON: How Stupid Does Biden Think We Are? ‘Three Pinocchios’ For Deficit Distortion
PINKERTON: How Stupid Does Biden Think We Are? ‘Three Pinocchios’ For Deficit Distortion James P. Pinkerton on October 21, 2022 How stupid do they think …
Euro zone posts record trade deficit in August amid soaring energy prices
BRUSSELS (Reuters) – The euro zone posted in August its largest trade deficit since it expanded to 19 countries in 2015, as high energy prices …
The Federal Deficit Shrinks Under Biden — With One Giant Catch
The Federal Deficit Shrinks Under Biden — With One Giant Catch John Hugh DeMastri on October 12, 2022 The deficit fell from $2.8 trillion …
SHEFFIELD: Dems Want Americans To Believe They Haven’t Supercharged The Deficit
You know it’s getting bad when even liberal Twitter flags a Democrat like President Joe Biden for making a false claim about saving taxpayers …
Portugal’s draft budget targets lower deficit despite steep slowdown
By Sergio Goncalves LISBON (Reuters) -Portugal unveiled its draft 2023 budget on Monday, projecting a steep slowdown in economic growth with high energy and food …
Egypt’s current account deficit drops by half in April-June quarter
CAIRO (Reuters) – Egypt’s current account deficit fell by almost half in the April-June quarter as non-oil imports tumbled by nearly 20% from the previous …
U.S. trade deficit lowest in more than a year as imports drop
WASHINGTON (Reuters) – The U.S. trade deficit dropped to its lowest level in more than a year in August as slowing domestic demand amid stiff …
Turkish trade deficit surges to $10.38 billion in September
ISTANBUL (Reuters) – Turkey’s trade deficit leapt 298% year-on-year in September to $10.384 billion, the Trade Ministry said on Tuesday, as surging energy import costs …
India’s weakening exports slows trade deficit moderation – Barclays
MUMBAI (Reuters) – India’s large trade deficit is beginning to consolidate, but the weaker exports are prompting a more gradual adjustment than expected, Barclays Bank …
Turkish trade deficit jumps 160% in August -stats institute
ISTANBUL (Reuters) – Turkey’s foreign trade deficit surged 159.9% year-on-year to $11.19 billion in August, with imports surging 40.4%, data from the Turkish Statistical Institute …
Italy sees 2023 deficit below 5% of GDP despite slashing growth outlook, sources say
By Giuseppe Fonte ROME (Reuters) – Italy sees its 2023 budget deficit below 5% of national output despite a darkening economic outlook triggered by the …
Russia’s PM sees budget deficit at 2% of GDP in 2023
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – Prime Minister Mikhail Mishustin said …
Robust commodity prices helps narrow Australia’s budget deficit
SYDNEY (Reuters) – Robust commodity prices have helped narrow Australia’s budget deficit for the last fiscal year by about A$50 billion ($34 billion), Treasurer Jim …
India’s current account deficit likely jumped to a near-decade high – Reuters poll
By Arsh Tushar Mogre BENGALURU (Reuters) – India’s current account deficit likely widened to its highest in nearly a decade in the April-June quarter, driven …
U.S. August budget deficit widens from a year earlier
(Reuters) – The U.S. government posted a $220 billion budget deficit for August, up 29% from the $171 billion gap reported in the same month …