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Federal Budget (U.S.) Deficits

  • BRASILIA, July 25- Brazil unveiled plans on Tuesday to raise revenue from mining royalties by 80 percent, the latest measure to shore up government finances, and cut red tape in attempt to attract more foreign investment amid a weak economic recovery. "We are just scratching the surface here," Mining Minister Fernando Coelho Filho said, touting Brazil's potential...

  • BRASILIA, July 25- Brazil unveiled a sweeping plan to boost government revenues from mining royalties by 80 percent this year, the latest move to reduce a deep budget deficit amid a sluggish recovery from the country's worst recession on record. The new levies, which will go into effect in November if Congress approves them, include the creation of the National...

  • BRASILIA, July 25- Brazil's government unveiled a sweeping proposal to change its mining code on Tuesday, which would boost royalties in the latest move to reduce a budget deficit amid a sluggish recovery from the country's worst recession on record. The new rules, which will go into effect in November if Congress approves them, include the creation of the...

  • BRASILIA, July 25- Brazil's government unveiled sweeping changes to its mining code on Tuesday, boosting royalties in the latest move to reduce a budget deficit amid a sluggish recovery from the country's worst recession on record. Royalties for iron ore will rise to as much as 4 percent, depending on market prices, from 2 percent currently.

  • BRASILIA, July 25- Brazil's government unveiled sweeping changes to its mining code on Tuesday, boosting royalties in the latest move to reduce a budget deficit amid a sluggish recovery from the country's worst recession on record. Royalties for iron ore will rise to as much as 4 percent, depending on market prices, from 2 percent currently.

  • BRASILIA, July 25- Brazil's government unveiled sweeping changes to its mining code on Tuesday, boosting royalties in the latest move to reduce a budget deficit amid a sluggish recovery from the country's worst recession on record. "Brazil lagged behind in the royalties it charged," Mining Minister Fernando Coelho Filho said at the event where the new rules were...

  • BRASILIA, July 25- Brazil's government unveiled sweeping changes to its mining code on Tuesday, boosting royalties in the latest move to reduce a budget deficit amid a sluggish recovery from the country's worst recession on record. Royalties for iron ore will rise to as much as 4 percent, depending on market prices, from 2 percent currently.

  • BRASILIA, July 20- Brazil's government on Thursday increased a spending freeze and raised taxes to cover a budget gap this year, reinforcing its commitment to fiscal discipline but dealing a potential blow to fragile economic growth. Brazil lost its investment-grade rating in 2015 after missing budget targets for years. Brazil targets a budget deficit of 139...

  • BUDGET DIRECTOR MULVANEY SAYS WILLING TO ACCEPT SHORT-TERM DEFICIT INCREASES IF IT MEANS LONGER TERM ECONOMIC GROWTH.

  • *2016 budget deficit hits $1.4 billion, 10 percent of GDP. HARARE, July 20- Zimbabwe's budget deficit rose to $1.4 billion, or 10 percent of national output, in 2016, worse than previously revised estimates, the country's finance minister said. Chinamasa said the government paid white former farmers $134 million last year as compensation for land seized by...

  • BRUSSELS, July 20- The euro zone's public deficit dropped in the first quarter of the year to its lowest level in nearly a decade, driven by a widening surplus in Germany and despite France's increasing fiscal gap, data released on Thursday showed. The figures, published by the European Union's statistics office Eurostat, confirmed the improving state of the...

  • BUENOS AIRES, July 19- Argentina posted a primary fiscal deficit of 144 billion pesos, or 1.5 percent of gross domestic product, in the first half of 2017, Treasury Minister Nicolas Dujovne said on Wednesday, beating the government target for a gap of 2 percent of GDP. For June, Argentina posted a primary fiscal deficit of 57 billion pesos, compared with 27 billion...

  • U.S. Treasury Secretary Steve Mnuchin (L), Commerce Secretary Wilbur Ross (R) and China's Vice Premier Wang Yang pose for a family photo before the U.S. - China Comprehensive Economic Dialogue to discuss bilateral economic and trade issues in Washington, July 19, 2017.

    Trump administration officials want U.S. companies to have more access to China's economy.

  • Newly inaugurated French President Emmanuel Macron arrives on the Champs-Elysees after his handover ceremony on May 14, 2017, in Paris, France.

    Budget cuts could prove the first stumbling block for France's fresh faced president.

  • Chinese President Xi Jinping shakes hands with U.S. President Donald Trump as he is accompanied by China's first lady Peng Liyuan during a dinner at the start of a summit between President Trump and President Xi at Trump's Mar-a-Lago estate in West Palm Beach, Florida, April 6, 2017.

    The looming threat of a trade war is making US-China relations increasingly fraught, despite recent friendliness among the countries' leaders.

  • Republican leaders in the House of Representatives and the Senate are unlikely to allow the budget deficit to grow, so officials said they now hope for a corporate tax at the low end of a 20 percent to 25 percent range. Six months into Trumps presidency, Republicans who control House, Senate and the White House have yet to agree on important features of a tax code...

  • Republican leaders in the House of Representatives and the Senate are unlikely to allow the budget deficit to grow, so officials said they now hope for a corporate tax at the low end of a 20 percent to 25 percent range. Six months into Trumps presidency, Republicans who control House, Senate and the White House have yet to agree on important features of a tax code...

  • WASHINGTON— The White House says worsening tax revenues will cause the budget deficit to jump to $702 billion this year. The report from the Office of Management and Budget comes on the heels of a rival Congressional Budget Office analysis that scuttled White House claims that its May budget, if implemented to the letter, would balance the federal ledger within...

  • WASHINGTON, July 14- The budget deficit for President Donald Trump's first two years in office will be nearly $250 billion higher than initially estimated due to a shortfall in tax collections and a mistake in projecting military healthcare costs, budget chief Mick Mulvaney reported on Friday. In a mid-year update to Congress, Mulvaney, director of the Office...

  • CAIRO— The head of the International Monetary Fund has praised Egypt's reform measures, saying they will set the country on "a path of stability." Christine Lagarde said in a statement late Thursday that Egypt's government and central bank have "taken the right measures to rein in inflation, reduce the budget deficit, and set the Egyptian economy on a path to...