Federal Budget (U.S.) Deficits

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  • 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...

  • MUSCAT, Dec 30- Oman's cabinet approved in principle spending cuts, tax rises and fuel subsidy reforms to cope with the damage to state finances from low oil prices, state news agency ONA reported on Wednesday. Oman, a small oil exporter, has been hit hard by low oil prices; the government posted a budget deficit of 3.26 billion rials in the first 10 months of this year,...

  • RIO DE JANEIRO, Dec 30- Brazil's Rio de Janeiro state, facing a budget shortfall caused in part by plunging oil prices, imposed new taxes on petroleum and natural gas on Thursday, a move critics say will slash investment in an already battered industry. Rio de Janeiro, responsible for 67 percent of Brazil's crude output and 40 percent of its natural gas, will charge a...

  • *Bahrain, Kuwait, Qatar and Oman all reviewing subsidies. DUBAI, Dec 30- An austere state budget released by Saudi Arabia this week is likely to mark the end of an era for the Gulf's lavish cradle-to-grave welfare systems, encouraging governments around the region to roll back costly handouts to their populations. Struggling to narrow a huge budget deficit...

  • BRASILIA, Dec 29- Brazil's primary public sector budget deficit widened sharply in November, the central bank said on Tuesday, as falling tax revenues undermined government efforts to shore up public accounts amid a deepening recession. Including debt payments, Brazil's overall deficit was running at a hefty 9.3 percent of gross domestic product in the 12...

  • *Advisors urge bigger budget deficit to arrest economic slowdown. BEIJING, Dec 30- China could run its biggest budget deficit in perhaps half a century next year as leaders turn to government spending to arrest the slowdown in the economy, policy advisers say, after disappointing returns from a year of monetary policy easing. "To halt a further slowdown in...

  • REUTERS BUSINESS SCHEDULE at 1600 GMT/11 AM ET Tuesday, 29 Dec 2015 | 11:00 AM ET

    Editor: Steve Orlofsky: +1 646 223 6200. China eyes fiscal splurge to cushion reforms, slowing growth. BEIJING- China could run its biggest budget deficit as a percentage of GDP in perhaps half a century next year as leaders turn to government spending to arrest the slowdown in the economy, policy advisers say, after disappointing returns from a year of monetary...

  • REUTERS BUSINESS SCHEDULE at 1330 GMT/0830 AM ET Tuesday, 29 Dec 2015 | 8:33 AM ET

    BEIJING- China could run its biggest budget deficit in perhaps half a century next year as leaders turn to government spending to arrest the slowdown in the economy, policy advisers say, after disappointing returns from a year of monetary policy easing. -CHINA-FINANCE/ MPA, moved, 250 words. LONDON- European stocks rose and euro zone bond yields edged up on Tuesday...

  • *Saudi Arabia posts record budget deficit on oil collapse. They slid more in the New York session, as some traders reckoned the two-day pre-Christmas rebound, where crude rose about $2 a barrel, had been overdone. "Volume isn't great, which is typical for this time of year, and most guys are either flat on their books and positioning themselves for a weaker first...

  • *Saudi Arabia posts record budget deficit on oil collapse. They slid more in the New York session, as some traders reckoned the two-day pre-Christmas rebound, where crude rose about $2 a barrel, had been overdone. "Volume isn't great, which is typical for this time of year, and most guys are either flat on their books and positioning themselves for a weaker first...

  • *Japan's oil product sales fall to 46- year low. *Saudi Arabia posts record budget deficit on oil collapse. "Much of today's selling is being led by the crude benchmarks that are, in turn, responding to some disappointing Japanese industrial production guidance," said Jim Ritterbusch at Chicago- based oil markets consultancy Ritterbusch& Associates.

  • RIYADH/ DUBAI, Dec 28- Saudi Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts, reforms to energy subsidies and a drive to raise revenues from taxes and privatisation. The International Monetary Fund warned in October that Riyadh would run out of money within five years if it did not tighten its...

  • RIYADH/ DUBAI, Dec 28- Saudi Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts, reforms to energy subsidies and a drive to raise revenues from taxes and privatisation. The International Monetary Fund warned in October that Riyadh would run out of money within five years if it did not tighten its...

  • RIYADH, Dec 28- Saudi Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts and a drive to raise revenues from sources other than oil. The government of the world's top oil exporter ran a deficit of 367 billion riyals in 2015, the Council of Economic and Development Affairs said on Monday.

  • RIYADH, Dec 28- Saudi Arabia's government ran a record budget deficit of 367 billion riyals in 2015 because of low oil prices, the Council of Economic and Development Affairs said on Monday. State spending in 2015 totalled 975 billion riyals, more than the 860 billion riyals originally planned because of extra outlays such as a salary bonus for public employees...

  • *Budget a key condition for unlocking IMF credit. KIEV, Dec 25- Ukraine's parliament approved a budget for 2016 on Friday, a key condition to secure the next tranche of financial aid under a $17.5 billion International Monetary Fund loan package as the embattled country teeters close to bankruptcy. The International Monetary Fund has said it was critical to...

  • RIO DE JANEIRO, Dec 24- The governor of Rio de Janeiro declared a state of emergency late on Wednesday as a budget shortfall caused chaos in the state's healthcare system only eight months before the city of Rio is due to host the 2016 Olympic Games. The declaration comes amid an outbreak of zika, a mosquito-borne virus that causes fever and was first detected in...

  • JAKARTA, Dec 22- A legislated cap on Indonesia's budget deficit has created a headache for President Joko Widodo and could leave his agenda at the mercy of a parliament he does not control. With growth at a six year-low, the currency not too far from its weakest since the Asian financial crisis and investors wanting more reforms to go ahead, a political stalemate...

  • Saudi debut bond can expect warm investor welcome Monday, 21 Dec 2015 | 12:24 PM ET

    *Saudi Arabia plans to issue international bond. LONDON, Dec 21- Saudi Arabia's debut international bond should get a warm welcome from foreign investors if it hits markets in 2016, though fund managers say they will need yields that compensate them for the political and oil price risks. With its currency tied to the dollar and a budget deficit topping $100...