Federal Budget (U.S.) Deficits

  • 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...

  • 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...

  • 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...

  • WASHINGTON, July 15- The U.S. budget deficit is projected to rise to $600 billion in 2016, $16 billion less than previously expected, the White House Office of Management and Budget said on Friday.

  • LONDON, July 14- Britain's new finance minister, Philip Hammond, said on Thursday he would do whatever is necessary to restore confidence in the economy after the Brexit vote, suggesting a less aggressive approach to bringing down the budget deficit. "We're working together across that referendum divide in the party to deliver the best possible deal for Britain.

  • UK Chancellor of the Exchequer George Osborne speaks at a Conservative Party Conference.

    George Osborne, the U.K.'s austerity chancellor, was replaced in new Prime Minister Theresa May's cabinet reshuffle.

  • LONDON, July 14- Britain's new finance minister, Philip Hammond, said on Thursday he will do whatever is necessary to restore confidence in the economy after the Brexit vote, suggesting a softer less aggressive approach to bringing down the budget deficit. "We're working together across that referendum divide in the party to deliver the best possible deal for...

  • LONDON, July 14- New British finance minister Philip Hammond said he would consider how quickly the country should bring down its budget deficit, suggesting he would take a less aggressive approach to that of his predecessor in the job George Osborne. "But now we're entering a new phase in the story of the British economy with the decision to leave the European...

  • SANTIAGO, July 11- Chile's 2017 budget talks should consider whether the country will tap into its sovereign wealth funds, finance minister Rodrigo Valdes told lawmakers on Monday. Valdes said use of the funds may be needed at a time when the fiscal deficit is rising, as income from mining investment shrinks. Chile has two sovereign wealth funds, currently valued...