Federal Budget (U.S.) Deficits

  • EDINBURGH, Aug 24- Scotland's fiscal deficit stood at about a tenth of its economy in the year to March 2016, hammered by a slump in oil and gas revenues and potentially dampening arguments for Scottish independence. She said Britain's decision to leave the European Union in a referendum in June, which was not supported by voters in Scotland, was threatening...

  • WASHINGTON, Aug 23- The U.S. budget deficit is expected to grow to $590 billion in fiscal year 2016 due to slower than expected growth in revenues and higher spending for programs including Social Security and Medicare, the Congressional Budget Office said on Tuesday. The deficit peaked at $1.4 trillion in 2009 and shrank to $485 billion in 2014..

  • WASHINGTON— A new government report released Tuesday blames lower-than-expected tax revenues for a spike in this year's budget deficit to $590 billion. The Congressional Budget Office is also lowering its projections of economic growth over the next several years, in part because of the disappointing results so far in 2016. All told, CBO predicts the deficit...

  • WASHINGTON, Aug 23- The U.S. budget deficit is expected to grow to $590 billion in fiscal year 2016 due to slower than expected growth in revenues and higher spending for programs including Social Security and Medicare, the Congressional Budget Office said on Tuesday. The estimate, which is $56 billion larger than CBO's forecast in March, shows the deficit...

  • CBO REPORT: FEDERAL BUDGET DEFICIT TO REACH $590 BLN FOR FISCAL YEAR 2016, $152 BLN HIGHER THAN A YEAR EARLIER.

  • SHCHETINKA, Russia, Aug 22- Russia's government should do its best to privatize a stake in the nation's largest oil producer Rosneft this year, Russian Economy Minister Alexei Ulyukayev said on Monday. "Taking into account the attractiveness of this asset and keeping in mind that this would allow us to resolve to a large extent the problem of the budget deficit, I...

  • SHCHETINKA, Russia, Aug 22- Russia's government should do its best to privatise a stake in the nation's largest oil producer Rosneft this year, Russian Economy Minister Alexei Ulyukayev said on Monday. "Taking into account the attractiveness of this asset and keeping in mind that this would allow us to resolve to a large extent the problem of the budget deficit, I...

  • BUDAPEST/ WARSAW, Aug 22- The Polish zloty eased in early trade on Monday on concerns over a possible budget deficit overshoot, before regaining some ground helped by a rebound of Europe's main equities indices. In early trade the zloty fell to its weakest level in almost 3- weeks against the euro, after a source said Poland would set its budget deficit target at 2.9...

  • WASHINGTON— In a story Aug. 10 about the U.S. budget deficit for July, The Associated Press reported erroneously the name of an organization that has analyzed the budget plans of Hillary Clinton and Donald Trump. WASHINGTON— The federal government last month recorded the biggest monthly budget deficit since February, and the deficit so far this budget year is...

  • LIMA, Aug 10- Peru's finance minister scaled back the timeframe for reducing the government's budget deficit to 1 percent of gross domestic product, saying it had unexpectedly swollen before centrist President Pedro Pablo Kuczynski took office last month. The finance minister, Alfredo Thorne, said the 3.2 percent budget deficit that Kuczynski inherited...

  • JAKARTA, Aug 5- Indonesia surprised with its strongest growth in 10 quarters in April-June, spurring some economists to predict it will outperform most Southeast Asian nations the rest of this year. However, others cautioned that Indonesia needs more private investment to sustainably raise its growth rate, as a widening budget deficit means government...

  • TORONTO, Aug 4- The Canadian province of Ontario, one of the world's largest sub-sovereign borrowers, is on track to balance its budget in the 2017-18 fiscal year, the provincial government said on Thursday. Canada's most populous province, which accounts for about 40 percent of the country's economy, also said it expects to run a deficit of C $4.3 billion in...

  • BUENOS AIRES, Aug 3- An Argentine court upheld a ruling by a lower circuit to block government-proposed hikes in electricity tariffs, local media reported late Wednesday, a ruling that could complicate the state's bid to reduce Argentina's fiscal deficit. The issue is now likely to go to Argentina's Supreme Court, although the federal court ruling will affect...

  • BUENOS AIRES, Aug 3- An Argentine court upheld a ruling by a lower circuit to block government-proposed hikes in electricity tariffs, local media reported late Wednesday, a ruling that could complicate the state's bid to reduce Argentina's fiscal deficit. The issue is now likely to go to Argentina's Supreme Court, although the federal court ruling will affect...

  • BRASILIA, Aug 3- A constitutional amendment proposed by interim President Michel Temer to put a ceiling on Brazil's public spending will pass the lower house this year but not the Senate until 2017, lower chamber Speaker Rodrigo Maia said on Wednesday. The proposed cap is the cornerstone of Temer's strategy to plug a bulging deficit inherited from the Workers...

  • BRASILIA, July 29- Brazil posted a hefty primary budget deficit in June, central bank data showed on Friday, the latest in a string of shortfalls that highlight the government's challenges to rebalance overdrawn public accounts. The primary budget deficit of 10.061 billion reais in June, however, was below market expectations for a gap of 16 billion reais.

  • CHENGDU, China, July 24- U.S. Treasury Secretary Jack Lew said he told a meeting of policymakers from the Group of 20 economies that the United States's economy was strong and its job market was healthy. The United States could look at fiscal policy from a position of strength as the country's deficit had fallen, he told a news conference after a two-day meeting of...

  • TOKYO, July 22- Japan is likely to miss its deficit-cutting target in fiscal 2018 because the government has delayed a sales tax hike by more than two years, public broadcaster NHK said on Friday, citing an unidentified source. Japan's primary budget deficit is expected to be around 5.6 trillion yen in fiscal 2020, improving from a 6.5 trillion yen deficit...

  • LONDON, July 21- Bank of Japan Governor Haruhiko Kuroda ruled out the idea of using "helicopter money"- or directly underwriting the budget deficit- to combat deflation, as policymakers in Tokyo gear up to expand existing stimulus programmes. But in a BBC interview broadcast on Thursday, Kuroda said the central bank already had mechanisms in place to ease policy...

  • BEIJING, July 18- China has room to increase its fiscal deficit ratio to between 4 and 5 percent to more effectively boost the economy, official media quoted a central bank official as saying. China's current fiscal deficit target is 3 percent of gross domestic product, up from an actual 2.4 percent in 2015.. But there is room for a slight increase, the Shanghai...