Maryland Senate GOP criticizes $280 million revenue shortfall, call for spending cuts
ANNAPOLIS, Md. — Maryland Senate Republicans are raising concerns after the Board of Revenue Estimates announced an additional $280 million write-down, increasing the state’s budget shortfall to $3.3 billion. In a statement…
Missed rate hikes to stick Japanese utilities with revenue shortfall
By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) – Several Japanese power utilities will miss out on rate hikes they asked to start on April 1 after the government delayed the approval…
Governor Murphy’s secret school funding could land Jackson district with $9 million shortfall in 2023
JACKSON TOWNSHIP, NJ – Brick township schools face possible layoffs in the 2023-24 school budget process. In Toms River, school board officials are also preparing for a budget shortfall next year due…
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% of gross domestic product (GDP) in 2023,…
California Projected To Have Massive Budget Shortfall As Businesses Flee The State
California Projected To Have Massive Budget Shortfall As Businesses Flee The State Bronson Winslow on November 16, 2022 California is expected to have a $25 billion budget deficit in 2023-2024 as people…
Analysis – A $1 trillion headache: China’s local fiscal shortfall poses broader growth risks
By Ellen Zhang and Ryan Woo BEIJING (Reuters) – By any account, $1 trillion seems huge. That’s the scale of budget shortfalls facing Chinese provinces, reducing their fiscal firepower to fund infrastructure…
Explainer-Australia reviews gas export curb trigger as domestic shortfall looms
By Sonali Paul MELBOURNE – Australia’s competition watchdog on Monday warned the country’s east coast faces a gas supply shortfall in 2023, prompting the government to consider whether to impose curbs on…
Argentina wants China to fully fund $8.3 billion nuclear plant amid cash shortfall
By Eliana Raszewski LIMA, Argentina – Argentina is pushing China to fully finance a new $8.3 billion nuclear power plant in the country, as the government grapples with high debt levels and…
‘Shortfall’: Trump Energy Secretary Casts Doubt On Biden Gas Deal With EU
‘Shortfall’: Trump Energy Secretary Casts Doubt On Biden Gas Deal With EU Thomas Catenacci on March 28, 2022 Former Energy Secretary Dan Brouillette suggested that President Joe Biden’s recent gas deal with…
Germany’s Baerbock warns supply shortfall from Ukraine war will be severe
BERLIN – German Foreign Minister Annalena Baerbock warned that supply shortfalls due to the war in Ukraine will be severe and could lead to further conflicts in already vulnerable countries. She underscored…
Biden regrets shortfall in COVID-19 testing as Americans can’t find test during holiday COVID surge
As the omicron variant of the COVID-19 virus surges across America, becoming the most dominant strain in just a matter of days, Americans are finding it nearly impossible to learn whether or…
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