Federal Budget (U.S.) Deficits

  • BRASILIA, July 7- Brazil set a smaller 2017 primary deficit target than initially envisioned, in an attempt to show greater austerity after an increase in spending raised doubts about the government's fiscal discipline. Finance Minister Henrique Meirelles said the new target is realistic, despite a drop in revenues amid a crippling recession, but the...

  • BRASILIA, July 7- Brazil set a smaller 2017 primary deficit target than initially envisioned, in an attempt to show greater austerity after an increase in spending raised doubts about the government's fiscal discipline. Interim President Michel Temer, who replaced suspended President Dilma Rousseff as she faces an impeachment trial for allegedly breaking...

  • *Spain, Portugal failed to correct excessive deficits in 2014-15. *Spain says will escape fine, set a new fiscal path. BRUSSELS, July 7- The European Commission began formal disciplinary procedures against Spain and Portugal on Thursday for their excessive deficits in 2014 and 2015, which may lead to fines for the two countries before the end of July.

  • PARIS, July 6- France signaled on Wednesday it was sticking to its commitment to bring its budget deficit below the EU-mandated limit of 3 percent next year despite a planned 6.8 billion euro overshoot in public spending. France, the euro zone's second biggest economy, forecasts a public deficit of 3.3 percent this year and 2.7 percent in 2017, which would mean it...

  • BRASILIA, July 5- Brazil will set a 2017 primary budget deficit smaller than the 170.5 billion reais expected for this year, but the final figure will depend on the sale of assets, three government officials told Reuters on Tuesday. Finance Minister Henrique Meirelles said earlier on Tuesday that the deficit plan would be announced on Thursday as the government...

  • BRASILIA, July 5- Brazil will set a 2017 primary budget deficit smaller than the 170.5 billion reais expected for this year, but the final figure will depend on the sale of assets, three government officials told Reuters on Tuesday. Finance Minister Henrique Meirelles said earlier on Tuesday that the deficit plan would be announced on Thursday as the government...

  • LONDON, July 1- Finance minister George Osborne on Friday gave up his centrepiece policy of turning Britain's budget deficit into a surplus by 2020, faced with potential economic stress following the country's shock decision to leave the European Union. It was the latest setback for Osborne who was once considered a future British leader but who has not put...

  • LONDON, July 1- British finance minister George Osborne has dropped his target of turning the country's budget deficit into a surplus 2020, the BBC reported on Friday.

  • TORONTO, June 29- The Canadian crude-producing province of Alberta said on Wednesday it finished the 2015-16 fiscal year with a C $6.4 billion deficit, C $324 million wider than forecast in October, as revenue fell. Total revenue was C $1.3 billion lower than targeted at C $42.5 billion, the province's annual budget report showed. Revenue fell C $7 billion from...

  • BRASILIA, June 29- Brazil posted on Wednesday its largest ever primary budget deficit for the month of May, highlighting the challenges the government faces to close a massive fiscal shortfall amid the worst recession for decades. The primary deficit of 18.125 billion reais in May topped market expectations for a gap of 17.3 billion reais.

  • 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 a battle to close what could be a record shortfall this year. Michel Temer, who as vice president replaced President Dilma Rousseff during her impeachment trial in the Senate, is...

  • 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...