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Federal Budget (U.S.) Deficits

  • REUTERS POLL- SOUTH AFRICA EXPECTED TO TARGET 2017/ 18 BUDGET DEFICIT EQUIVALENT TO 3.2 PCT OF GDP.

  • *South Africa to target personal income and sin taxes. JOHANNESBURG, Feb 17- South Africa's finance minister Pravin Gordhan is likely to target income, alcohol and tobacco taxes in his Feb 22 budget to reassure rating agencies that he will gradually rein in the deficit in coming years, a Reuters poll found. "The fiscal situation is a huge challenge for the South...

  • LISBON, Portugal— Portugal's government has proved its critics wrong, slashing the debt-heavy country's budget deficit to its lowest level in more than 40 years despite warnings that its anti-austerity policies could spell financial disaster. Some other eurozone countries expressed alarm when the center-left Socialist government, with the support of...

  • ACCRA, Feb 15- Ghana's President Nana Akufo-Addo has taken power with ambitious plans to revive once spectacular economic growth, only to discover a $1.6 billion hole in the budget and a deficit twice as high as expected. With Ghana more than half way through a three-year International Monetary Fund programme, the new government must reveal in its first budget...

  • BUCHAREST, Romania— Romania's president says the government's 2017 budget plan is "risky" and he has concerns about overspending. Iohannis said after the meeting that "there is a real risk of the budget exceeding 3 percent" of gross domestic product, the European Union limit. In 2016, Romania's budget deficit was 2.4 percent of GDP, and the new government has...

  • The Treasury Department reported Friday that the surplus this year was $51.3 billion, down 7.1 percent from a January surplus a year ago of $55.2 billion. Through the first four months of this budget year that began Oct. 1, the deficit totals $156.9 billion. The Congressional Budget Office is projecting that the deficit this year will be slightly lower than last...

  • *Nigeria in roashow to sell $1 bln Eurobond. ABUJA/ LAGOS, Feb 8- Nigeria's parliament has approved the government's request to sell a $1 billion Eurobond to help the country finance its budget deficit, senate spokesman said on Wednesday. "...the only request for approval from the executive was... for the issuance of $1 billion Eurobond... for the funding of the 2016 budget...

  • PARIS, Feb 8- The French government's public deficit reduction target for 2017 will be "very difficult" to achieve, as it underestimates a rise in public spending and sets overly optimistic tax income forecasts, France's auditing court said on Wednesday. The court also offered a less than rosy assessment of the government's past efforts to cut France's public...

  • HARRISBURG, Pa., Feb 7- Pennsylvania Gov. Tom Wolf on Tuesday proposed a $32.3 billion state budget for fiscal 2018 that seeks to reduce an estimated $3 billion structural deficit through $2 billion in spending cuts and $1 billion in revenue enhancements. Wolf also hopes to get $200 million from a leaseback deal for the Pennsylvania Farm Show Complex& Expo Center...

  • OTTAWA, Feb 3- Canada's budget watchdog forecast on Friday that the government will have a smaller-than-expected deficit in the current fiscal year, largely as a result of higher revenue from corporate income taxes and a lag in planned infrastructure spending. Canada will see a deficit of C $20.5 billion in fiscal 2016-2017, the Parliamentary Budget Officer...

  • NEW DELHI, Feb 1- Indian Finance Minister Arun Jaitley will likely boost spending and ease back on cutting the deficit when he presents his fourth budget on Wednesday, as he seeks to lift growth hit by the government's drive to purge the economy of "black money." Prime Minister Narendra Modi's surprise decision last November to scrap high-value banknotes worth 86...

  • *Prices to spike 60-90 pct for most Buenos Aires consumers. BUENOS AIRES, Jan 31- Argentina's electricity rates will increase between 60 and 90 percent for most consumers in March, according to figures presented by Energy Minister Juan Jose Aranguren on Tuesday, the latest subsidy reduction meant to cut a wide fiscal deficit. Argentina began rolling back...

  • BUDAPEST/ WARSAW, Jan 27- The leu and Romanian government bonds eased on Friday ahead of a meeting of the country's government to approve a 2017 budget plan with ambitious wage and pension hikes and several tax cuts. Investors are worried that the new government does not have adjustment measures lined up which could prevent a deficit rise and sanctions from the...

  • SANTIAGO, Jan 26- Credit ratings agency S&P revised its outlook on Chile to "negative" from "stable" on Thursday, citing the risk the fiscal deficit would grow from a prolonged period of low economic growth, while the agency maintained its AA- rating for the country. Chile is Latin America's highest rated sovereign debt holder, with a long record of stability, sound...

  • *Romania to finish 2017 budget draft soon, deficit a concern. BUDAPEST/ WARSAW, Jan 26- Central European government bonds fell on Thursday, with Romania's new government expected to introduce a draft 2017 budget that might increase its deficit and trigger sanctions from the European Union. On Thursday, Romania's 10- year debt was bid at 3.63 percent in the...

  • According to the rule, Russia will use energy revenues earned when Urals oil prices are higher than the $40 per barrel level used in this year's budget to reduce the budget deficit, rather than additional spending. If Urals averages $55 per barrel or more, energy revenues would be sufficient to allow Russia to build up its fiscal reserves since Russia also plans...

  • BEIJING, Jan 26- China's policymakers plan to keep their budget deficit target for 2017 at the same level as last year to underscore a focus on debt reduction and reform, though they have wiggle room to increase fiscal stimulus if the economy needs support again. A budget deficit target of 3 percent of gross domestic product, unchanged from 2016, was endorsed by...

  • An employee inspects stacks of freshly made twenty dollar bills at the Bureau of Engraving and Printing in Washington, DC.

    While Wall Street celebrates the Dow's milestone, there is another "20" looming that could carry significantly darker overtones.

  • BUENOS AIRES, Jan 24- Argentina posted a primary fiscal deficit of 359.4 billion pesos, or 4.6 percent of gross domestic product, beating its goal for a deficit worth 4.8 percent of GDP, the treasury ministry said on Tuesday. Since taking office in December 2015, center-right President Mauricio Macri has aimed to slash the deficit. Argentina is aiming for a fiscal...

  • WASHINGTON, Jan 24- The U.S. budget deficit is expected to dip during the current fiscal year but balloon over the next decade, the nonpartisan Congressional Budget Office said in a report on Tuesday that showed President Donald Trump inheriting a tricky long-term fiscal picture. The CBO projected the deficit, the amount that government expenditures exceed...