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Deficits

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  • NEW YORK, April 24- Louisiana State University is exploring contingency plans in light of the state's $1.6 billion budget shortfall which has resulted in proposed spending cuts, but has not declared "financial exigency," the institution said in a statement on Friday. LSU said that contrary to some media reports, it had not begun the process of filing for financial...

  • TORONTO, April 23- Ontario's Liberal government trimmed its budget deficit forecasts for the next two years on Thursday as it unveiled a budget that seeks cost cuts in education and healthcare, a move toward austerity that could spark labor unrest across the province. Ontario, Canada's most populous province, which accounts for about 40 percent of the...

  • LONDON, April 23- British finance minister George Osborne met his latest deficit reduction target, avoiding embarrassment two weeks before the election, but weak retail sales figures raise the risk that growth has slowed. And at just over 80 percent of GDP, net public debt has more than doubled since before the financial crisis, potentially weakening Britain's...

  • ANALYSIS-History shows UK markets shrug off elections Wednesday, 15 Apr 2015 | 3:00 PM ET

    *UK markets around elections: http://link.reuters.com/fen54w. Some investors fear a Conservative-led administration will honour a pledge to call a referendum on European Union membership in 2017. Others dread a left-wing pact between Labour and Scottish nationalists that could slow budget deficit cuts, increase regulation and hasten a re-run of last...

  • U.S. budget deficit rises to $53 billion in March Monday, 13 Apr 2015 | 2:00 PM ET

    WASHINGTON, April 13- The United States ended the month of March with a budget deficit of $53 billion, up 43 percent from the same period last year, the U.S. Treasury Department said on Monday. Analysts polled by Reuters had forecast a $43 billion deficit for last month. Receipts last month totaled $234 billion, up 8 percent from the year-ago period, while outlays were...

  • PANAMA CITY, April 8- Panama's President Juan Carlos Varela said on Wednesday that his country is on track to lower its fiscal deficit to 2 percent of gross domestic product this year, despite slowing growth in the Central American nation. Panama's gross domestic product grew by 6.2 percent in 2014, the slowest rate in four years, and down from an 8.4 percent...

  • Canada's Oliver to announce balanced budget law- report Wednesday, 8 Apr 2015 | 8:12 AM ET

    TORONTO, April 8- Canadian Finance Minister Joe Oliver will announce legislation on Wednesday committing the government to keeping a balanced budget, except under "extraordinary circumstances," the Financial Post reported. The story, citing an unnamed government source, said the only "acceptable deficit" would be in the event of a recession or during a war or...

  • BRASILIA, March 31- Brazil is ready to raise taxes further, Finance Minister Joaquim Levy said on Tuesday, warning that the country's investment grade remains at risk as the government's fiscal results underperformed expectations. Brazil posted a primary budget deficit of 2.3 billion reais in February, central bank data showed, against analysts' forecasts in...

  • BUENOS AIRES, March 30- Argentina's primary budget deficit was 1.457 billion pesos in January versus a surplus of 798.5 million pesos in January 2014, the economy ministry said on Monday.

  • QUEBEC CITY, Quebec, March 26- The Canadian province of Quebec said on Thursday it will balance its books in 2015-16 following six consecutive years of deficits and vowed to continue to control government spending in the years ahead. Quebec Finance Minister Carlos Leitao reiterated his forecast for a deficit of C $2.35 billion in fiscal year 2014-15, ending...

  • DUBAI, March 26- Saudi Arabia has begun drawing down its foreign currency reserves for the first time since 2009 to cover a record state budget deficit caused by the plunge in oil prices, data from the Saudi central bank indicated on Thursday. It was the first year-on-year drop since February 2010, when Saudi Arabia was affected by the global financial crisis.

  • PARIS, March 26- France cut its budget deficit target for this year on Thursday and said economic growth could beat the government's 1 percent forecast, after reporting a smaller-than-expected fiscal gap for 2014.. Finance Minister Michel Sapin said France, which has repeatedly missed its fiscal targets, is confident it will finally bring the deficit below an...

  • March 12- Canada's federal budget will show a deficit of just over C $2 billion in the current fiscal year and will be balanced in the year starting April 1, Prime Minister Stephen Harper said on Thursday. On Nov. 12, Finance Minister Joe Oliver had projected an underlying surplus for 2014/ 15 of C $100 million. "This year, we're coming in at a little over C $2 billion, and of...

  • U.S. budget deficit dipped to $192 billion in February Thursday, 12 Mar 2015 | 2:00 PM ET

    WASHINGTON, March 12- The U.S. budget deficit was $192 billion in February, down 1 percent from the same period last year, according to data released by the Treasury Department on Thursday. The deficit was $194 billion in February of 2014, according to Treasury's monthly budget statement. If adjusted for timing-related transactions, the budget deficit would...

  • BEIJING, March 10- China's plan to run its biggest fiscal deficit since the global financial crisis may help develop its bond market, but the extra competition for funding could sink some of the major providers of local government financing. To service China's 1.12 trillion yuan deficit for 2015, up 170 billion yuan from last year, state borrowers will also turn...

  • BEIJING, March 10- China's plan to run its biggest fiscal deficit since the global financial crisis may help develop its bond market, but the extra competition for funding could sink some of the major providers of local government financing. To service China's 1.12 trillion yuan deficit for 2015, up 170 billion yuan from last year, state borrowers will also turn...

  • *Bundesbank chief: failure to fine Paris a "political bazaar". *Berlin, Brussels fear bolstering Hollande's anti-EU rivals. BRUSSELS, March 6- France, Germany and the European Commission believe leaving Paris unpunished for persistently failing to curb its budget deficit was a wise compromise that bolsters the euro.

  • *China keeping an eye on heavily-indebted local governments. BEIJING, March 6- China will pursue an expansionary fiscal policy this year to prevent its economy from stalling, Finance Minister Lou Jiwei said on Friday as he assured investors that authorities are keeping an eye on heavily-indebted local governments. China had announced on Thursday a planned...

  • *China aims to create 10 million new jobs in 2015. *China to open up more sectors to foreign investment. BEIJING, March 5- China plans to run its biggest budget deficit in 2015 since the global financial crisis, stepping up spending as Premier Li Keqiang signalled that the lowest rate of growth in a quarter of a century is the "new normal" for the world's No.2 economy.

  • MOSCOW, March 2- Russia's Finance Ministry has increased its forecast for the country's 2015 budget deficit to 3.8 percent of gross domestic product, a document seen by Reuters showed. The document also showed that the ministry sees the average rouble exchange rate at 61.5 roubles per dollar for 2015, in line with Economy Ministry forecasts.