Legislation to Redistribute Surplus Animal License Fees for Cruelty Law Enforcement Advances
TRENTON, NJ – Legislation spearheaded by Senator Troy Singleton has progressed within the Senate Economic Growth Committee. This bill mandates that excess funds from animal license fees and similar charges be redirected…
Japan’s tax income hits record, surplus will help fund defence plan
TOKYO (Reuters) -Japan’s government raked in record tax income last fiscal year, the finance ministry said on Monday, which could help Prime Minister Fumio Kishida’s ruling party forego the politically unpopular tax…
Australia eyes bigger budget surplus but warns economy still slowing
By Renju Jose SYDNEY (Reuters) – Australia’s budget surplus for 2022/23 will be bigger than the A$4.2 billion ($2.81 billion) projected in the May budget but high inflation and global challenges will…
India’s current account likely turned to surplus in Jan-March: Reuters poll
By Vivek Mishra and Anant Chandak BENGALURU (Reuters) – India’s current account balance likely turned positive in January-March, marking the first quarterly surplus in nearly two years thanks to a narrower trade…
Indonesia’s May trade surplus to shrink to $3.02 billion – Reuters poll
JAKARTA (Reuters) – Economists surveyed in a Reuters poll expect Indonesia’s May trade surplus to shrink from the previous month, following a decline in exports because of weakening commodity prices. The median…
Brazil posts record trade surplus in May on surging exports
BRASILIA (Reuters) – Brazil posted a $11.4 billion trade surplus in May, marking a record for any given month since the data series began in 1989, official data showed on Thursday. The…
Brazil central govt primary surplus drops nearly 50% in April
BRASILIA (Reuters) – Brazil’s central government primary budget surplus dropped by 48.3% in April in real terms from the same period last year, Treasury figures showed on Tuesday, on the back of…
Italy posts largest trade surplus in almost two years as imports drop
(Reuters) -Italy posted a trade surplus with the rest of the world of 7.5 billion euros ($8.3 billion) in March, the largest in almost two years, as gas imports from Russia continued…
Indonesia’s April trade surplus seen increasing to $3.38 billion- Reuters poll
JAKARTA (Reuters) – Indonesia’s April trade surplus was seen increasing from the previous month, with imports softening due to less production activities during the holiday of Ramadan, a Reuters poll showed. The…
South Korea current account swings back to surplus in March
SEOUL (Reuters) – South Korea’s current account balance in March ended a two-month run of deficit to post a surplus, but suffered its biggest quarterly deficit in more than 14 years during…
Australia to deliver first budget surplus in 15 years
SYDNEY (Reuters) – Australia is set to deliver its first budget surplus in 15 years on Tuesday, as its coffers bulge with tax windfalls from higher commodities prices and wages, a political…
Egypt’s current account moves into surplus in Oct-Dec
CAIRO (Reuters) – Egypt’s current account turned a surplus for the first time in years in the October-to-December quarter as imports dropped and exports rose, the central bank said in a statement…
Germany, Italy push euro zone into trade surplus in Feb
BRUSSELS (Reuters) – The euro zone swung to a trade surplus in February from a deficit a year earlier, non-adjusted data showed on Thursday, mainly thanks to a jump in exports of…
Euro zone current account surplus widens in February
FRANKFURT (Reuters) – The euro zone’s current account surplus widened in February as imports fell thanks lower energy costs and already large net exports of services remained broadly steady, data from the…
Italy posts trade surplus in February as energy import prices fall
(Reuters) – Italy’s trade balance with the rest of the world swung to a surplus in February from a deficit a year earlier thanks mainly to the declining cost of energy imports,…
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 of the rupiah currency could help further…
Brazil posts record trade surplus for March on booming oil, soybean exports
BRASILIA (Reuters) – Brazil posted the highest trade surplus ever recorded for March, driven by solid oil sales, according to government data on Monday. The trade balance was positive at $10.956 billion…
Shore lawmakers eye Murphy’s massive budget surplus for taxpayers, schools, economy
New Jersey lawmakers representing Monmouth and Ocean counties called on Governor Murphy to reinvest the state's budget surplus in response to the Governor's recent budget address.…
Australia’s current account surplus widens sharply in Q4
SYDNEY (Reuters) – Australia’s current account surplus rose sharply in the December quarter as resource exports boomed and imports eased, providing a sizable fillip to economic growth. Data from the Australian Bureau…
Brazil’s central govt tops expectations with record January budget surplus
BRASILIA (Reuters) – Brazil’s central government posted a better-than-expected primary budget surplus in January on the back of record tax revenues, Treasury data showed on Monday, although the outlook for the year…
Brazil’s central govt posts 54.1 billion reais surplus in 2022, first in 9 years
BRASILIA (Reuters) – Brazil’s central government reported its first primary budget surplus in nine years, driven by record revenues, but which does not pave the way for continued fiscal improvement, Treasury data…
Euro zone swings back to current account surplus in Nov
FRANKFURT (Reuters) – The euro zone swung back to a current account surplus in November on an improved balance in the trade of goods and services, European Central Bank data showed on…
Russia posts record current account surplus of $227 billion in 2022
(Reuters) -Russia’s current account surplus hit a record high in 2022, the central bank said on Tuesday, as a fall in imports and robust oil and gas exports kept foreign money flowing…
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 energy at a time of shrinking exports,…
Brazil posts record trade surplus of $62.3 billion in 2022
BRASILIA (Reuters) – Brazil posted a $62.3 billion trade surplus in 2022, official data showed on Monday, a record in the series started in 1989. In December, the trade surplus was $4.8…
After Two Years Of Shortage, Tech Companies Grapple With Chip Surplus
After Two Years Of Shortage, Tech Companies Grapple With Chip Surplus John Hugh DeMastri on December 27, 2022 After two years of global chip shortages sent prices for electronics skyrocketing, companies are…
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