Federal Budget (U.S.) Deficits

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  • *Russia in dire need of cash as oil prices slide. MOSCOW, Feb 2- Russian oligarchs are the most likely potential buyers of the stakes in some of the country's largest companies that President Vladimir Putin wants to sell. The preliminary privatisation plan, aimed at preventing the state budget deficit from ballooning, coincides with a second year of recession for...

  • TORONTO, Feb 1- Tanking fertilizer prices have worsened the economic and budget outlook for the Canadian province of Saskatchewan, where the oil shock has already stalled growth, pushed the government into deficit and caused its bonds to underperform. Saskatchewan may have seen no growth, at best, in 2015, economists said, and given the latest potash news, this...

  • BISMARCK, N.D.— North Dakota Gov. North Dakota is the nation's second top oil-producing state, behind only Texas, and has the lowest unemployment rate in the country at less than 3 percent. "After 15 years of receiving almost entirely good news about the growth in revenues for North Dakota, it seems strange to hear that things have gone in the other direction,"...

  • FACTBOX-India's tax giveaways to business Monday, 1 Feb 2016 | 9:01 AM ET

    NEW DELHI, Feb 1- Indian Finance Minister Arun Jaitley wants to hit his fiscal deficit targets in this month's budget and may scale back some corporate tax breaks to do so, according to people directly involved in the process. Here's a look at India's fiscal deficit targets and major corporate giveaways:. Sources: Finance Ministry, Reuters poll.

  • NAIROBI, Feb 1- Kenya is targeting a budget deficit of 6.9 percent of GDP in the 2016/ 17 fiscal year, from a revised 8.1 percent this fiscal year, the ministry of finance said in a draft budget policy statement. The deficit for this fiscal year is expected to decline to 522.3 billion shillings, 8.1 percent of gross domestic product, from 569.2 billion shillings, 8.7...

  • BEIJING, Jan 29- China had a wider fiscal deficit in 2015 than a year earlier as it jacked up spending to cushion an economic slowdown and government revenue grew by the smallest percentage in 27 years, Finance Ministry data showed on Friday. For 2014, China reported a deficit of 1.131 trillion yuan, less than half of last year's size. The ministry- which did not...

  • BEIJING, Jan 29- China had a wider budget deficit in 2015 than a year earlier as it jacked up spending to cushion an economic slowdown and government revenue grew by the smallest percentage in 27 years, Finance Ministry data showed on Friday. For 2014, China reported a deficit of 1.131 trillion yuan, less than half of last year's size. The ministry- which did not...

  • Charlie Baker on Wednesday filed what he called a fiscally responsible $39.6 billion state budget that calls for no increases in state taxes or fees and shrinks a structural deficit between the growth in annual spending and revenues. To erase the remaining gap, Baker is proposing several steps including reforms intended to save nearly $300 million in...

  • LISBON, Jan 26- Fitch Ratings warned Portugal on Tuesday some key economic forecasts in the new Socialist government's anti-austerity budget may be unrealistic and could lead to weaker growth and a cut in the country's rating. After many delays, the government presented a draft 2016 budget last week aiming to cut the deficit to 2.6 percent of gross domestic...

  • BUENOS AIRES, Jan 20- Argentina swapped $426.5 million in local law Bonar 2017 debt for Bonar 2020 bonds in an operation aimed at extending its repayment schedule, the government said on Wednesday. The debt reopenings come as President Mauricio Macri, inaugurated last month, wrestles with a stagnant economy, double-digit inflation and a primary fiscal deficit...

  • TOKYO, Jan 20- Japan's Ministry of Finance is set to project tax revenue to hit an all-time high of 62.6 trillion yen in the fiscal year from April 2017 and reach around 70 trillion yen in five years, to help narrow a budget deficit, sources told Reuters. The higher tax revenue projections take into account the planned sales tax rise to 10 percent from the current 8...

  • Jan 19- Louisiana Governor John Bel Edwards on Tuesday urged state legislators to approve a plan to increase taxes and tap reserves to plug the largest budget shortfall in state history. Louisiana faces a projected shortfall of $750 million this fiscal year and the gap is expected to grow to $1.9 billion in the next fiscal year beginning July 1 from...

  • Fed deficit rising in relation to economy: CBO Tuesday, 19 Jan 2016 | 11:00 AM ET
    Fed deficit rising in relation to economy: CBO

    CBO expects the federal deficit to grow in the next 10 years. CNBC's John Harwood explains.

  • RUSSIA FINMIN SAYS POSSIBLE THAT RUSSIA COULD USE PART OF NATIONAL WEALTH FUND TO FUND BUDGET DEFICIT IN 2016.

  • BUENOS AIRES, Jan 13- Argentina's new finance minister said on Wednesday it was imperative to resolve the country's legal dispute with U.S. creditors over unpaid debt because financing of the country's fiscal deficit this year may depend on progress on the issue. The previous government's failure to do so had cost the economy, he said, with creditor claims in New...

  • OTTAWA, Jan 13- Canada's Liberal government looks certain to break its promise to keep budget deficits to C $10 billion a year but a deteriorating economy makes it hard to determine how large the shortfall will be, according to sources familiar with the party's plans. "Let's be real here: the minister has already fundamentally said that the C $10 billion limit is...

  • *Irish economy outperforms euro zone peers, France lags. LONDON, Jan 13- Ireland's remarkable economic recovery following a 2010 bailout may soon push its borrowing costs below those of France but its less liquid debt means it is unlikely ever to become a "core" euro zone credit. Irish growth, budget deficit and borrowing figures all look better than those of France,...

  • MONTREAL, Jan 12- Canadian Finance Minister Bill Morneau said on Tuesday the public is concerned about the economy, but declined to indicate whether the Liberal government will stick to their budget deficit pledge or boost spending. The currency has been dropping in parallel with the price of oil, a major Canadian export, and a Bank of Canada survey released on...

  • SAN FRANCISCO, Jan 5- Alaska Governor Bill Walker said on Tuesday the lowering of the state's credit ratings by Standard and Poor's was "premature" since the legislature has not yet had time to act on his ambitious plan to address the state's large budget deficit. More than any other U.S. state, Alaska has been hit by the downturn in oil prices that began in mid-2014.

  • NEW DELHI, Jan 5- India claims to be the world's fastest-growing major economy, yet the government might break its budget deficit targets to stimulate demand, potentially undermining the central bank's fight against inflation. Statistically, Asia's third-largest economy is outpacing China with above 7 percent annual growth. In February, Finance Minister...