Federal Budget (U.S.) Deficits

  • JAKARTA, Oct 1- The first phase of Indonesia's tax amnesty, which tens of thousands joined on the final days, collected 97.2 trillion rupiah in revenue to help cover the government's fiscal deficit, Finance Ministry data showed on Saturday. They declared assets worth a total of 3,620 trillion rupiah, with 137 trillion rupiah pledged to be repatriated to...

  • *IMF says Iraq must revise "too expensive" 2017 draft budget. The political infighting comes as major OPEC producer Iraq struggles to fill a public deficit left by the collapse in global prices for its crude exports. To replace missing oil revenue, Iraq has turned to the International Monetary Fund for a loan package, which would also serve as the basis for other...

  • ROME, Sept 27- Italy on Tuesday cut its economic growth forecasts and sharply hiked its target for the 2017 budget deficit for the second time in five months, setting up a potential clash with Brussels. The European Commission has urged Rome not to ease up on previously agreed fiscal targets, but the euro zone's third largest economy has slowed and posted no growth...

  • ROME, Sept 27- Italy is poised to cut its economic growth forecasts for this year and next and raise its projections for the budget deficit on Tuesday when the cabinet meets to approve a new forecasting document. The new forecasts, which will provide the framework for the government's 2017 budget to be presented next month, will set up a potential tussle with the...

  • PARIS, Sept 27- France is unlikely to meet its 2017 budget deficit target, the country's independent fiscal watchdog said on Tuesday, casting doubt on the government's plan to cut the shortfall to less than 3 percent of output. A serial offender of the EU's fiscal rules, France has delayed bringing its deficit below 3 percent several times under both Socialist and...

  • PARIS, Sept 27- France is unlikely to meet its 2017 budget deficit target, the country's independent fiscal watchdog said on Tuesday, casting doubt on the government's plan to cut the shortfall to less than 3 percent of output. The High Council of Public Finance's assessment is a fresh blow to President Francois Hollande's economic record seven months from a...

  • PARIS, Sept 27- France is unlikely to meet its 2017 budget deficit target, the country's independent fiscal watchdog said on Tuesday, casting doubt on the government's plan to cut the shortfall to less than 3 percent of output. The government's deficit reduction plans were "improbable" because of high risks that spending would be more than planned while...

  • *Riyadh seeks to ease oil dependence. RIYADH/ DUBAI, Sept 26- Saudi Arabia will cut ministers' salaries by 20 percent and scale back financial perks for public sector employees in one of the most drastic measures yet by the energy-rich kingdom to save money at a time of low oil prices. Saudi Arabia racked up a record budget deficit of nearly $100 billion last year,...

  • OTTAWA, Sept 26- The Canadian government will look at what more it can do to help the economy if needed, with economic growth less than had been forecast in the budget released earlier this year, Finance Minister Bill Morneau said on Monday. The budget also included a C $6 billion adjustment for risk in each year's deficit figures. The recent acceleration in home...

  • ABUJA, Sept 26- The African Development Bank is looking to provide a total of $4.1 billion to Nigeria over 2016 and 2017, its president said on Monday, as Africa's biggest economy seeks to bridge its budget deficit and improve weak infrastructure. He was speaking after holding talks with the finance minister, Kemi Adeosun, and Vice President Yemi Osinbajo in the...

  • European governments to take more relaxed attitudes towards deficits

    Robert Smithson, investment director at GAM, discusses the European banking environment, saying that the "pendulum of pessimism" has swung too far against eurozone banks.

  • MOSCOW, Sept 23- Russian Finance Minister Anton Siluanov said on Friday that the ministry would continue using one of its sovereign wealth funds and use foreign debt issuance to cover budget deficit in coming years. Siluanov, speaking at a finance conference in Moscow, said that domestic debt issuance next year may be three times higher than this year.

  • Speaking for the first time to investors in New York, Temer said he was confident he will have enough backing in Congress to pass unpopular fiscal reforms needed to plug a ballooning budget deficit and regain the confidence of markets in the once-booming economy. Temer, formally sworn in three weeks ago, has managed to approve minor bills in Congress after...

  • *Breaking deficit pledge would clash with Brussels, Berlin. PARIS, Sept 15- The main conservative candidates for the French presidency are all on course to break the country's pledge to bring its budget deficit below the euro zone's 3 percent limit in 2017, setting up a clash with partners- especially Germany- that resent its serial offender record.

  • *Breaking deficit pledge would clash with Brussels, Berlin. PARIS, Sept 15- The main conservative candidates for the French presidency are all on course to break the country's pledge to bring its budget deficit below the euro zone's 3 percent limit in 2017, setting up a clash with partners- especially Germany- who resent its serial offender record.

  • *Breaking deficit pledge would clash with Brussels, Berlin. PARIS, Sept 15- The main conservative candidates for the French presidency are all on course to break the country's pledge to bring its budget deficit below the euro zone's 3 percent limit in 2017, setting up a clash with partners- especially Germany- who resent of its serial offender record.

  • *Breaking deficit pledge would clash with Brussels, Berlin. PARIS, Sept 15- The main conservative candidates for the French presidency are all on course to break the country's pledge to bring its budget deficit below the euro zone's 3 percent limit in 2017, setting up a clash with partners resentful of its serial offender record. Leading centre-right...

  • BRATISLAVA, Sept 9- Spain and Portugal must still tackle their excessive budget gaps even though they escaped being fined in July for breaking European Union deficit limits, euro zone finance ministers said on Friday. The leaders of Greece, France, Italy, Spain, Portugal, Malta and Cyprus meet later in Athens and are expected to push for tight budget rules to be...

  • HANGZHOU, China, Sept 4- Russian President Vladimir Putin, in a speech at the G20 summit in China, struck an upbeat tone on the Russian economy, saying it had stabilised, and pledged to cut the country's budget deficit as well as its dependency on oil and gas exports. Russia's economy contracted by 3.7 percent in 2015 due to weaker oil prices, the country's chief...

  • HANGZHOU, China, Sept 4- Russian President Vladimir Putin, in a speech at the G20 summit in China, struck an upbeat tone on the Russian economy, saying it had stabilized, and pledged to cut the country's budget deficit as well as its dependency on oil and gas exports. Russia's economy contracted by 3.7 percent in 2015 due to weaker oil prices, the country's chief...