Federal Budget (U.S.) Deficits

More

  • In its most comprehensive report on the cost of subsidized health coverage, a potential target for deficit reduction, CBO said the 2016 tax bill equals 3.6 percent of gross domestic product and includes the federal tax exclusion for employer-sponsored insurance, Medicaid programs for the poor and tax credits available to lower-income Americans through...

  • MOSCOW, March 24- Russian Finance Minister Anton Siluanov said on Thursday the country's budget deficit was seen at 3 percent of GDP in 2016 under an oil price of $40 a barrel.

  • OTTAWA, March 23- How soon Canada erases its budget deficit hinges on the extent of economic growth, the country's prime minister said on Wednesday, a day after his government unveiled a budget that foresees years of shortfalls to boost growth. The new Liberal government on Tuesday projected a C $29.4 billion deficit for fiscal 2016-17, nearly three times...

  • OTTAWA, March 22- Canada's new Liberal government on Tuesday unveiled a stimulus budget to revive growth with infrastructure spending and said it would run a deficit nearly three times larger than promised during last year's election. The government said the budget was expected to raise growth 0.5 percent in the first year and 1.0 percent by the second after...

  • economy@ OTTAWA, March 22- Canada's new Liberal government said on Tuesday that in a bid to revive growth it would run a deficit nearly three times larger than promised during last year's election, but gave no target date for returning to a balanced budget. The projected C $29.4 billion deficit for fiscal 2016-17 comes after the government of Prime Minister...

  • LONDON, March 22- British finance minister George Osborne is on the verge of missing his target for cutting the budget deficit in the current financial year, official data showed on Tuesday. But with only one month to go until the end of the tax year, the budget deficit already stands at 70.7 billion pounds, the Office for National Statistics said after borrowing...

  • PANAMA CITY, March 19- Panama should follow more effective deficit controls, an International Monetary Fund commission said late on Friday, citing waivers and extensions that could threaten to undo recent gains in reducing the country's debt. Valerie Cerra, head of the IMF commission meeting in Panama this week, proposed a new fiscal council or independent...

  • TORONTO, March 17- A ramping up in Canadian government bond sales to finance deficit spending will be met by ample demand, say market players, who predict recent underperformance by the country's long-term bonds against U.S. Canada's new Liberal government will introduce its first budget March 22 and is expected to run a C $29 billion deficit in fiscal 2016-17,...

  • KUWAIT, March 14- Kuwait's cabinet has approved economic reforms including the introduction of a 10 percent tax on corporate profits to narrow a budget deficit caused by low oil prices, Finance Minister Anas al-Saleh said on Monday. All of the wealthy Gulf oil-exporting states are scrambling to cut their deficits by boosting non-oil revenues, but most are...

  • Analysts say Raghuram Rajan, Governor of the Reserve Bank of India, could soften monetary stance after Finance Minister Arun Jaitley stuck to a fiscal deficit target of 3.5 percent of GDP for next fiscal year in his third budget last month. "The recent budget delivered on the targets and hence opens the door for a rate cut in April before entering into a prolonged...

  • LONDON, March 13- British finance minister George Osborne said he would announce deeper cuts to public spending this week in order to protect his plan to eliminate the budget deficit from a weakening of the economy. Osborne also said a decision by Britain to leave the European Union in a referendum in June would add to uncertainty. Osborne is considered a leading...

  • BEIJING, March 9- China's wider fiscal deficit budgeted for 2016 will be mainly used to finance tax cuts, a senior official of China's cabinet research unit said on Wednesday. The comments from Huang Shouhong, deputy director of the State Council Research Office, came from a briefing in Beijing. China budgeted a 2016 deficit of 3 percent of gross domestic product,...

  • No recession but economy still not growing: Peter Orszag

    Economist Peter Orszag, shares his thoughts on what the Fed is likely watching on the path to a rate hike.

  • BEIJING, March 7- Growth in China's fiscal income will slow in future, but the country still has room to increase government debt, Finance Minister Lou Jiwei said in Beijing on Monday. China could moderately increase its fiscal deficit ratio to gross domestic product, although not by too much, Lou Jiwei said at a news conference during the annual session of...

  • BEIJING, March 7- A larger fiscal deficit ratio in 2016 will help China prevent a slide in economic growth and to push forward with structural reform, Finance Minister Lou Jiwei said on Monday. Lou told a media conference in Beijing that the 2015 budget deficit was 2.4 percent of gross domestic product, two days after the finance ministry said China had budgeted...

  • CHINA FIN MIN SAYS SEES 2016 BUDGET DEFICIT AT 3 PCT OF GDP.

  • *Announces $16 billion in rural aid, $130 bln in farm credit. NEW DELHI, Feb 29- India unveiled a budget for the poor on Monday, announcing new rural aid schemes and skimping on a bank bailout, in a strategy shift that seeks to boost Prime Minister Narendra Modi's ruling party in coming state elections. Presenting his third budget, Jaitley said the government wanted to...

  • SHANGHAI, Feb 26- Indonesia's finance minister Bambang Brodjonegoro said he is willing to widen this year's fiscal deficit if necessary, in an interview with Reuters on the sidelines of the G20 conference in Shanghai on Friday. Brodjonegoro also said he expects the Indonesian economy to improve in 2016, blaming its weak export performance in 2015 on the...

  • *India a "haven of stability" but should prepare for forex shocks. NEW DELHI, Feb 26- India should review its mid-term fiscal strategy, a government report urged on Friday, in a possible indication that Finance Minister Arun Jaitley may have to borrow more to raise pay for government employees and bail out banks. The report called India "a haven of stability" in a gloomy...

  • SHANGHAI, Feb 26- Indonesia's finance minister Bambang Brodjonegoro said he is willing to widen this year's fiscal deficit if necessary, in an interview with Reuters on the sidelines of the G20 conference in Shanghai Friday. Brodjonegoro also said he expects the Indonesian economy to improve in 2016, blaming its weak export performance in 2015 on the...