France cuts 2023 growth outlook to 1%, but sees deficit target intact
PARIS (Reuters) – The French government is lowering the country’s 2023 economic growth outlook, but sees no need to revise its budget deficit target as …
deficit
French retirement spending threatens deficit targets -pension panel
PARIS (Reuters) – France’s public spending on pensions as currently planned threatens President Emmanuel Macron’s deficit-reduction targets, an independent retirement system panel said in a …
India’s August trade deficit eases from record levels
MUMBAI (Reuters) – India reported on Friday that its trade deficit narrowed slightly to $28.7 billion in August from a record high of $30 billion …
Brazil posts biggest current account deficit for May in eight years
BRASILIA (Reuters) – Brazil posted a current account deficit of $3.5 billion in May, the worst result for the month in eight years, amid trade …
Spain’s Jan-June trade deficit widens almost six-fold to 32 billion euros
(Reuters) – Spain’s trade deficit in the first six months of the year widened almost six-fold from the same period a year earlier to 32 …
Swiss expect 5 billion franc budget deficit due to pandemic, Ukrainian help
ZURICH (Reuters) – The Swiss government is expected to run a budget deficit of 5 billion Swiss francs ($5.25 billion) for 2022, it said on …
Costly energy imports push euro zone into trade deficit in June
BRUSSELS – Euro zone countries swung into a trade deficit in June from a surplus 12 months earlier because of soaring prices of imported gas …
U.S. July budget deficit down 30% as COVID spending falls, revenues edge up
WASHINGTON – The U.S. government posted a $211 billion budget deficit for July, a 30% drop from the $302 billion deficit reported in the same …
Philippines trade deficit at $5.84 billion as imports surge
MANILA – The Philippines posted a $5.84 billion trade deficit in June, the widest gap based on data running from January 2020, government figures showed …
Japan runs first current account deficit in 5 months
By Daniel Leussink TOKYO – Japan ran a current account deficit for the first time in five months in June as surging imports eclipsed exports, …
Turkey’s C/A deficit seen at $3.4 billion in June; $40.2 billion at year-end: Reuters poll
ISTANBUL – Turkey’s current account is expected to record a deficit of $3.4 billion in June and end the year with a deficit of more …
U.S. trade deficit narrows sharply; exports at record high
WASHINGTON – The U.S. trade deficit narrowed sharply in June as exports surged to a record high, a trend that could see trade continuing to …
India’s trade deficit to remain above $20 billion – Barclays
MUMBAI – India’s trade deficit is likely to remain above $20 billion for an extended period, posing the risk of a wider current account deficit, …
U.S. goods trade deficit narrows sharply in June; inventories increase
WASHINGTON – The U.S. trade deficit in goods narrowed sharply in June amid a surge in exports, which could potentially calm fears that the economy …
Brazil government improves primary budget deficit forecast for 2022
BRASILIA – Brazil’s government projected a lower primary budget deficit this year, official figures showed on Friday, with a booming tax collection helping to improve …
France sees slower growth stalling deficit reduction in 2023
PARIS – French economic growth will slow sharply next year in the face of mounting geopolitical risks, pushing back improvement in the public sector budget …
Hungary approves 2023 budget and deficit cuts after pre-poll spending spree
By Krisztina Than and Anita Komuves BUDAPEST -Hungary’s parliament on Tuesday approved the 2023 budget, which sets out to reduce the budget deficit next year …
Ecuador affirms deficit target of 2% of GDP despite protests -minister
QUITO – Ecuador is holding firm to its fiscal deficit target for the year of 2% of gross domestic product (GDP), economy minister Pablo Arosemena …
Hungary’s budget deficit widens to 2.892 trillion forints by end-June
BUDAPEST – Hungary posted a 2.892 trillion forints ($7.21 billion) budget deficit in January-June, the Finance Ministry said on Friday, adding that Prime Minister Viktor …
U.S. trade deficit narrows in May; exports hit record high
WASHINGTON – The U.S. trade deficit narrowed in May as slowing domestic demand amid rising interest rates curbed imports, which could see trade contributing to …
Czech finance minister seeks to keep 2022 budget deficit below $14.1 billion
PRAGUE – Czech Finance Minister Zbynek Stanjura said on Sunday he wanted to keep the 2022 state deficit from rising above 330 billion crowns ($14.1 …
India’s May trade deficit widens to $24.29 billion – trade ministry
NEW DELHI – India’s May trade deficit widened to $24.29 billion from $6.53 billion a year ago, a government statement said on Wednesday. May’s trade …
S.Korea June 1-10 exports shrink 12.7%, trade deficit at $6 billion
SEOUL – South Korea’s exports for the first 10 days of June shrank 12.7% from the same period a year before, customs agency data showed …
Exclusive-Czech minister plans lower 2023 deficit to keep fiscal plans on track
By Jan Lopatka and Jason Hovet PRAGUE – The Czech Republic’s finance minister told Reuters he aimed to keep next year’s budget deficit target below …
Philippines April trade deficit narrows but still close to $5 billion
MANILA – The Philippines posted a $4.8 billion trade deficit in April, narrower than the previous month’s three-month high of $5 billion, as imports sustained …
Goldman raises Brent price outlook on unresolved supply deficit
(Reuters) – Goldman Sachs increased its Brent oil price forecasts by $10 to $135 a barrel for the period between the second half of 2022 …
Czech budget deficit to surpass CZK 300 billion in 2022 amid Ukraine war -minister
PRAGUE – The Czech state budget will surpass 300 billion crowns ($13.05 billion) this year, overshooting a 280-billion-crown target, Finance Minister Zbynek Stanjura said, as …
Pakistan slashes fuel subsidies in bid to control fiscal deficit – finance minister
KARACHI, Pakistan – Pakistan will slash fuel subsidies for a second time in a week in a bid to control the fiscal deficit and secure …
Canada’s budget deficit falls to C$95.57 billion in fiscal 2021/22 as pandemic wanes
By Julie Gordon Canada’s budget deficit in fiscal 2021/22 shrank to C$95.57 billion ($75.02 billion) from C$314.00 billion in the previous year, as emergency spending …
Dutch budget deficit to rise to 3.4% this year – finance ministry
AMSTERDAM – The Dutch government’s budget deficit will rise to 3.4% of GDP in 2022, the finance ministry said on Friday in its spring budget …
Tunisia’s current account deficit to widen to 10% of gdp in 2022
TUNIS – Tunisia’s current account deficit is expected to widen to around 10% of GDP in 2022, against 6.8% initially forecast, the central bank governor …
Taliban’s first annual Afghan budget foresees $501 million deficit
By Mohammad Yunus Yawar KABUL – Afghanistan faces a budget deficit of 44 billion Afghanis ($501 million) this financial year, the country’s Taliban authorities said …
Robust imports push U.S. trade deficit to record high in March
WASHINGTON – The U.S. trade deficit surged to a record high in March, confirming that trade weighed on the economy in the first quarter and …
Canada records second surplus of fiscal 2021/22 in February as year-to-date deficit continues to shrink
By Julie Gordon OTTAWA – Canada recorded its second surplus of fiscal 2021/22 in February, as its budget deficit for the first 11 months of …
Brazil central govt posts smaller-than-forecast deficit in March
BRASILIA – Brazil’s central government reported better than expected fiscal numbers in March, once again supported by higher tax revenue, and suggested a brighter fiscal …
Russia to cover budget deficit with rainy-day fund in 2022, Finance Minister says
(Reuters) – Russia’s National Wealth Fund (NWF), a rainy-day cushion containing oil revenues, will be the main source of financing for a budget deficit seen …
Ecuador’s president expects oil prices to cut its fiscal deficit
By Alexandra Valencia QUITO – Ecuador could reduce this year’s fiscal deficit more than it predicted, if crude prices remain high and it is able …
Colombia fuel subsidy deficit projected to more than double to $8.8 billion
BOGOTA – Colombia’s fuel subsidy fund is projected to more than double its deficit to 33.7 trillion pesos ($8.8 billion) this year because of high …
Euro zone trade deficit extends to Feb as energy import burden rises
BRUSSELS – The euro zone suffered a trade deficit for a fourth consecutive month in February as surging energy prices led to a sharp increase …
Brazil government sees gross debt at 79.6% of GDP in ’23, sets deficit goal at 65.9 billion reais
By Marcela Ayres BRASILIA – The Brazilian government projected on Thursday that the country’s debt will reach 79.6% of gross domestic product in 2023, rising …
U.S. March budget deficit falls sharply as revenues surge, COVID outlays drop
(Reuters) – The U.S. government posted a $193 billion budget deficit in March, less than a third of the $660 billion gap a year earlier, …
Japan’s Feb current account swings back to surplus from big deficit
By Kantaro Komiya TOKYO – Japan’s current account balance swung back into the black in February from its second-biggest deficit on record in the previous …
Global coffee market to record 3.1 million bag deficit in 2021/22 – ICO
LONDON – The global coffee market will record a 3.1 million bag deficit in the 2021/22 (October-September) season as top producer Brazil harvests a smaller, …
Soaring imports deepen EU’s China trade deficit – Eurostat
(Reuters) – The European Union’s trade deficit with China grew by over a third last year, the bloc’s statistics office said on Friday, as it …
Exclusive-Italy to stick to 5.6% deficit target despite slashing growth outlook – sources
By Giuseppe Fonte and Gavin Jones ROME – Italy plans to confirm its 2022 budget deficit target at 5.6% of national output, two sources close …
Turkey’s C/A deficit seen rising to 4% of GDP this year -Goldman
ISTANBUL – Turkey’s current account deficit is expected to rise to $32 billion or 4.0% of GDP this year, more than the 2.5% previously forecast, …
US Trade Deficit Hit A Record High In January
US Trade Deficit Hit A Record High In January Harry Wilmerding on March 8, 2022 The U.S. trade deficit continued to grow in January as …
Indian trade, current account deficit seen widening, rupee under pressure
By Swati Bhat MUMBAI – India’s trade and current account deficits are likely to widen, putting pressure on the rupee, as global oil prices surge …
Turkey’s trade deficit surges, energy costs add to risks
By Nevzat Devranoglu ISTANBUL – Turkey’s trade deficit widened 186% year-on-year in the first two months of the year due to a surging energy bill, …
Bulgaria parliament approves 2022 budget with 4.1% deficit target
SOFIA – Bulgaria’s parliament on Friday rubber-stamped the 2022 budget bill that targets a fiscal deficit of 4.1% of economic output this year, planning for …