Federal Budget (U.S.) Deficits

More

  • BRASILIA, June 29- Brazil posted a primary budget deficit of 18.125 billion reais in May, central bank data showed on Wednesday, the largest ever for the month of May as the government faces an uphill battle to close what could be a record shortfall this year.

  • PARIS, June 29- There is a "high risk" France will miss its target of cutting the public deficit to 2.7 percent of gross domestic product in 2017 after a slew of new spending promises, the independent public audit office said on Wednesday. France is a repeat offender when it comes to breaching the European Union requirement of delivering a budget deficit under 3...

  • PARIS, June 29- There is a "high risk" France will miss its target of cutting the public deficit to 2.7 percent of gross domestic product in 2017 after a slew of new spending promises, the independent public audit office said on Wednesday. France is a repeat offender when it comes to breaching the European Union requirement of delivering a budget deficit under 3...

  • BRASILIA, June 28- Brazil's central government on Tuesday recorded its biggest primary budget deficit ever for the month of May, with revenues down and the economy stuck in a second year of recession. The new Treasury chief Ana Paula Vescovi also said the Treasury will not authorize a credit line for Rio de Janeiro to conclude a metro line for the Olympics site...

  • MOSCOW, June 27- Russia's central bank will raise from August the reserve ratios it sets for banks' liabilities in roubles and foreign currency, in a move to tighten liquidity which could help it meet its inflation target. "This measure will make it possible to absorb part of the liquidity inflow resulting from Reserve Fund spending to finance the budget deficit...

  • Stephen King, senior economic advisor at HSBC, says Brexit could hit sterling because the U.K. may struggle to fund its big current account deficit.

  • ST PETERSBURG, Russia, June 17- Russia's government will have to increase domestic borrowing in the next few years as the budget deficit will not fall quickly and the country's Reserve Fund is limited, former finance minister Alexei Kudrin said on Friday. "In the next two years general borrowing could be increased to 2 trillion roubles with redemption of around...

  • ST PETERSBURG, Russia, June 17- Russia's government will have to increase domestic borrowing in the next few years as the budget deficit will not fall quickly and the country's Reserve Fund is limited, former finance minister Alexei Kudrin said on Friday. "In the next two years general borrowing could be increased to 2 trillion roubles with redemption of around...

  • *Central bank aims to cut inflation to 4 pct by end-2017. ST PETERSBURG, Russia, June 16- Russia's central bank is determined to meet its inflation target and will have to keep interest rates high unless the government cuts its budget deficit, Governor Elvira Nabiullina said at the St Petersburg International Economic Forum on Thursday. Her comments highlight...

  • ST PETERSBURG, Russia, June 16- Russia may start spending cash from one of its sovereign wealth funds, the National Wealth Fund, to cover budget shortfalls next year, Finance Minister Anton Siluanov said on Thursday. "If necessary next year part of the funds of the NWF may be used," he said at the annual St Petersburg International Economic Forum.

  • ST PETERSBURG, Russia, June 16- Russia may start spending cash from one of its sovereign wealth funds, the National Wealth Fund, to cover budget shortfalls next year, Finance Minister Anton Siluanov said on Thursday. The National Wealth Fund is intended to cover future pension needs. Siluanov reiterated that the ministry envisages a budget deficit of 3 percent of...

  • *Central bank aims to cut inflation to 4 pct by end-2017. ST PETERSBURG, Russia, June 16- Russia's central bank is determined to meet its inflation target and will have to keep interest rates high unless the government cuts its budget deficit, Governor Elvira Nabiullina said at the St Petersburg International Economic Forum on Thursday. Her comments highlight...

  • ST PETERSBURG, Russia, June 16- Russian Finance Minister Anton Siluanov said on Thursday his ministry will need to increase the volume of borrowing even while cutting the country's budget deficit.

  • ST PETERSBURG, Russia, June 16- Russia's central bank is determined to meet its inflation target and will have to keep interest rates high unless the government cuts its budget deficit, Governor Elvira Nabiullina said at the St Petersburg International Economic Forum on Thursday. The central bank last week cut its main policy rate for the first time in almost a...

  • ST PETERSBURG, Russia, June 16- Russia's finance ministry aims to cut the country's budget deficit by one percentage point per a year over the next three years, Finance Minister Anton Siluanov said at the St Petersburg International Economic Forum on Thursday.

  • LIMA, June 10- Incoming Peruvian President Pedro Pablo Kuczynski has scratched his proposal to widen the fiscal deficit to 3 percent of gross domestic product after credit rating agencies expressed concern, his pick for finance minister Alfredo Thorne said on Friday. Thorne, who like Kuczynski is a former investment banker and World Bank economist, said the...

  • WASHINGTON, June 10- The U.S. government posted a $53 billion budget deficit in May, a 38 percent drop from the same month last year, the Treasury Department said on Friday. However, when accounting for calendar adjustments, May would have shown a $102 billion deficit compared with an adjusted $84 billion deficit a year prior. The current fiscal year-to-date...

  • MOSCOW, June 10- The Russian central bank sees risks to this year's budget deficit from receiving less money than planned from the privatization of the country's largest oil producer, Rosneft, the bank said in a report. "Risks of exceeding the deficit forecast by the Finance Ministry of Russia could come, most of all, from lower oil prices as well as a slow recovery in...

  • MOSCOW, June 10- The Russian central bank sees risks to this year's budget deficit from receiving less money than planned from the privatisation of the country's largest oil producer, Rosneft, the bank said in a report. "Risks of exceeding the deficit forecast by the Finance Ministry of Russia could come, most of all, from lower oil prices as well as a slow recovery in...

  • DUBAI, June 7- Investors gave a lukewarm response to Saudi Arabia's economic reform plan on Tuesday as they worried that steps to rein in a $100 billion state budget deficit could cause a deep slowdown in the kingdom. The National Transformation Plan contains hundreds of policies and targets that, if realised, would change the way Saudi Arabia does business.