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Federal Budget (U.S.) Deficits

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  • Canada's Alberta forecasts record budget deficit Monday, 31 Aug 2015 | 3:55 PM ET

    CALGARY, Alberta, Aug 31- The Canadian crude-producing province of Alberta is forecasting a record budget deficit of C $5.9 billion this year, which could increase to C $6.5 billion, finance minister Joe Ceci said on Monday in an updated first quarter forecast.

  • Brazil's vice president calls budget deficit worrying Monday, 31 Aug 2015 | 10:24 AM ET

    SAO PAULO, Aug 31- Brazil's Vice President Michel Temer said on Monday that writing a budget bill with a deficit was worrying, but it reflected the government's commitment to transparency.

  • BRASILIA, Aug 30- Brazilian President Dilma Rousseff will send Congress a 2016 budget with a primary deficit after she abandoned plans to reinstate an unpopular tax to raise revenues next year, Brazilian media reported on Sunday. Without additional revenues, government officials warned last week it would be impossible to meet a fiscal savings target of 0.7...

  • BRASILIA, Aug 27- Brazil's central government posted a primary budget deficit of 7.224 billion reais in July, the third straight monthly gap as the government struggles with plummeting revenues, according to Treasury data released on Thursday. The central government account covers federal ministries, the central bank and social security.

  • BRASILIA, Aug 27- Brazil's central government posted a primary budget deficit of 7.224 billion reais in July, the third straight monthly gap as the government struggles with plummeting revenues, according to Treasury data released on Thursday.

  • WASHINGTON, Aug 26- As the U.S. government's budget deficit has declined, so has anxiety about it in Congress and on the presidential campaign trail, but one family and the Washington "deficit hawk" community it bankrolls are unfazed. The Congressional Budget Office said on Tuesday the deficit will likely be $426 billion in fiscal 2015 and decline further to $414...

  • WASHINGTON, Aug 25- The U.S. budget deficit is likely to fall by $60 billion in 2015 due to strong revenue gains, the Congressional Budget Office said on Tuesday, enabling the government to stave off default without a debt limit hike perhaps through early December. The waning deficit may temper some demands in Congress for deeper spending cuts or weaken...

  • TORONTO, Aug 25- Canada's Liberals, trailing third in the polls for October's election, on Tuesday rolled out a heavyweight economic team including former finance minister Paul Martin in a bid to counter charges that leader Justin Trudeau is too inexperienced to lead the country. The advisers include policymakers who erased the budget deficit during the 12-...

  • Budget report sees shrinking deficits, but only for now Tuesday, 25 Aug 2015 | 10:03 AM ET

    WASHINGTON— Providing political ammunition to both parties, Congress' official budget analyst projected Tuesday that this year's federal deficit will drop to $426 billion, the lowest shortfall of Barack Obama's presidency. The Republican-led Congress has approved a blueprint that uses spending curbs on Medicare, Medicaid and other programs to claim a...

  • BERLIN, Aug 20- A slump in commodity markets will burden the global economy for some time to come, Brazilian President Dilma Rousseff told Germany's Handelsblatt business daily, adding she hoped the Brazilian economy would pick up in a year. Turning to Brazil, where Rousseff is trying to reduce a gaping fiscal deficit and restore confidence in her government's...

  • BERLIN, Aug 20- A slump in commodity markets will burden the global economy for some time to come, Brazilian President Dilma Rousseff told Germany's Handelsblatt business daily, adding she hoped the Brazilian economy would pick up in a year. Turning to Brazil, where Rousseff is trying to reduce a gaping fiscal deficit and restore confidence in her government's...

  • BRASILIA, Aug 19- Brazil's Senate approved a bill to roll back payroll tax breaks on Wednesday that is a key measure in President Dilma Rousseff's efforts to reduce a gaping fiscal deficit and restore confidence in her government's accounts. The Senate voted 45-27 to pass the bill. Rousseff has struggled to pass austerity measures through a rebellious...

  • NAIROBI, Aug 18- Kenyan Finance Minister Henry Rotich on Tuesday promised further steps, including cutting the budget deficit, to stabilize the currency after a 12 percent fall against the dollar so far this year. Rotich said the bulk of this gap was covered by funds already secured from China for the construction of a modern railway linking the port of Mombasa to...

  • *Longer-term money rates, dollar/riyal forwards surge. DUBAI, Aug 16- Turmoil in the Saudi Arabian money markets suggests that financing the government's budget deficit in an era of cheap oil may not be smooth as banks worry about the risk of a liquidity squeeze. The government sold 20 billion riyals of riyal bonds to banks last Tuesday to help to cover a huge...

  • WASHINGTON, Aug 12- The United States posted a budget deficit of $149.2 billion in July, up 58 percent from the same period last year, the U.S. Treasury Department said on Wednesday. Analysts polled by Reuters had expected a $132 billion deficit for July. Receipts last month totaled $225.5 billion, a 5 percent increase from July 2014, while outlays stood at $374.7...

  • U.S. budget deficit widens to $149.2 billion in July Wednesday, 12 Aug 2015 | 2:00 PM ET

    WASHINGTON, Aug 12- The United States posted a budget deficit of $149.2 billion in July, up 58 percent from the same period last year, the U.S. Treasury Department said on Wednesday. Analysts polled by Reuters had expected a $132 billion deficit for July. Receipts last month totaled $225.5 billion, a 5 percent increase from July 2014, while outlays stood at $374.7...

  • MADRID, July 31- Spain's Mariano Rajoy sought to persuade Spaniards on Friday that earlier austerity would be reverted if he won re-election later this year, unveiling a 2016 budget featuring the first spending hikes since he took office. While still tight- the country plans to cut the public deficit by around 15 billion euros next year- the budget will be boosted...

  • OTTAWA, July 22- Canada's Conservative government insisted on Wednesday it would balance the country's books this year despite a watchdog's report that said economic weakness would turn the narrow budget surplus the Conservatives pledged into a billion-dollar deficit. The Conservatives, facing an Oct. 19 general election, have repeatedly cited their plan...

  • OTTAWA, July 22- Canada's narrow budget surplus in the current fiscal year would turn into a small deficit if economic growth turns out to be as weak as the Bank of Canada forecast last week, the country's parliamentary budget watchdog said on Wednesday. The office of the Parliamentary Budget Officer, which has a mandate to provide independent analysis to...

  • WASHINGTON, July 14- The White House on Tuesday slashed its fiscal 2015 deficit forecast to $455 billion, down $128 billion from its last estimate in February, due to new calculations of higher revenues and lower spending. The White House also reduced its fiscal 2016 deficit estimate by $45 billion to $429 billion, or 2.3 percent of gross domestic product.