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  • BERLIN, Oct 19- Germany and France are secretly discussing a deal to enable the European Commission to approve Paris's draft 2015 budget even though it breaks past deficit-cutting commitments, German weekly Der Spiegel said on Sunday. In return, Germany would overlook France's repeated flouting of its pledge to bring its budget deficit inside the euro zone's...

  • JAKARTA, Oct 17- Indonesia's President-elect Joko Widodo plans to raise subsidised gasoline and diesel prices by around 50 percent next month in a bid to bring down the budget deficit in Southeast Asia's largest economy, an adviser told Reuters on Friday. Due to be sworn in on Monday, Widodo has to urgently address Indonesia's biggest fiscal problem- a $23...

  • Germany's Merkel warns France over budget deficit Thursday, 16 Oct 2014 | 4:43 AM ET

    BERLIN— German Chancellor Angela Merkel insisted Thursday that there can be no exceptions to European Union rules on national deficit targets, a clear message to France after it backed off promises to bring down its budget overspend. France admitted last month that its 2015 budget would shred promises to bring the deficit below the EU limit of 3 percent of GDP...

  • UPDATE 1-U.S. budget deficit lowest since 2008 - Treasury Wednesday, 15 Oct 2014 | 12:47 PM ET

    WASHINGTON, Oct 15- The U.S. budget deficit fell by nearly a third to $483 billion in fiscal 2014, the lowest level since 2008, as a quickening economic recovery boosted tax collections and spending grew only modestly, the Treasury Department said. The deficit, down from $680 billion last year, was the lowest since a $459 billion budget gap in fiscal 2008, which was...

  • Federal deficit falls to $483 billion: Treasury     Wednesday, 15 Oct 2014 | 11:01 AM ET

    The Treasury Department says the fiscal 2014 federal budget deficit fell to $483 billion, reports CNBC's Eamon Javers.

  • U.S. budget deficit shrinks to $483 bln - Treasury Wednesday, 15 Oct 2014 | 11:00 AM ET

    WASHINGTON, Oct 15- The U.S. budget deficit fell by nearly a third to $483 billion in fiscal 2014, the lowest level since 2008, as U.S. economic growth boosted tax collections, the Treasury Department said on Wednesday. The deficit, down from $680 billion last year, was the lowest since a $459 billion budget gap in fiscal 2008, which was followed by four straight...

  • Budget deficit drops to $483B, lowest since 2008 Wednesday, 15 Oct 2014 | 11:00 AM ET

    WASHINGTON— The deficit for the just completed 2014 budget year was $483 billion, the lowest of President Barack Obama's six years in office, the U.S. government reported Wednesday. Here's an easier way to understand why the new numbers are good news: The government borrows 14 cents for every dollar it spends; six years ago, it was 40 cents. "This is a return to fiscal...

  • France risks humiliating 'fail' in EU budget test Wednesday, 15 Oct 2014 | 9:24 AM ET

    France finds itself in the uncomfortable position of a student at the end of exams as it hands in its 2015 budget plans to European Union authorities for review. Wednesday's deadline for the bloc's 28 states to submit their budgets opens up a two-week window during which France and a few other countries who know they've missed key deficit targets must wait and...

  • JAKARTA, Oct 15- Indonesia faces a $6.15 billion tax revenue shortfall this year, a finance ministry document shows, raising concerns that the fiscal deficit could bust a legal limit, and place president-elect Joko Widodo into an early budget and political crisis. Breaking the budget law could feasibly embolden the opposition to launch an impeachment bid, even...

  • JAKARTA, Oct 15- Indonesia faces a 75 trillion rupiah tax revenue shortfall this year, a finance ministry document obtained by Reuters shows, raising concerns that the fiscal deficit could bust the limit set in a budget law. President-elect Joko Widodo takes office next Monday knowing that he has to act swiftly to boost revenue collection and cut spending to...

  • Oct 14- France's finance minister reaffirmed the country's commitment to conducting economic reforms on Tursday after ratings agency Fitch placed its AA+ rating on French bonds on negative watch, citing risks to growth and deficit-reduction plans. "Therefore, we believe there are downside risks to France's long-term growth potential."

  • *Italy says won't amend budget to increase deficit cuts. *Italy cabinet to sign off on budget on Wednesday. ROME/ LUXEMBOURG, Oct 14- Italy and the European Commission were on a collision course over Rome's 2015 budget plan, which Brussels says flouts EU recommendations but Rome says it has no intention of changing ahead of a Wednesday deadline.

  • LUXEMBOURG, Oct 13- France faced intensifying pressure from euro zone peers on Monday to tighten spending next year amid a growing rift over its plans to flout European budget rules. France, which has already been given an extra two years to meet deficit targets, says it will not bring its deficit down to within EU limits until 2017- four years later than originally...

  • *France under fire for deficit, Germany for budget rigour. "As the two largest economies in Europe, France and Germany have a particular responsibility and a critical role to play to ensure both a rapid recovery and a strong and sustainable growth going forward," Gabriel and Macron write. By asking the two experts to make reform recommendations for both countries,...

  • LUXEMBOURG, Oct 13- France faced renewed pressure from euro zone peers on Monday to tighten spending next year, amid a growing rift over its plans to flout European budget rules. Euro zone countries are required to abide by European Union rules that limit a country's budget deficit to no more than 3 percent of gross domestic product. France, which has already been...

  • WASHINGTON, Oct 10- The chairman of euro zone finance ministers proposed on Friday a new growth deal for Europe which would reward governments reforming their economies with cheap European funds for investment and leeway on budget deficit targets. Europe is on the brink of recession and is desperate to boost economic growth to reduce almost record-high...

  • HIGHLIGHTS-Malaysia's 2015 budget Friday, 10 Oct 2014 | 4:49 AM ET

    KUALA LUMPUR, Oct 10- Prime Minister Najib Razak unveiled Malaysia's 2015 budget on Friday, with an eyes on how the government plans to cut the fiscal deficit, bring down its own debt, piled up close to a self-imposed limit of 55 percent of gross domestic product. For Malaysia's economic report click on. *2015 budget allocates total 273.9 billion ringgit, an increase...

  • BRUSSELS, Oct 8- France's Pierre Moscovici, the EU commissioner-designate who will take charge of policing budget discipline in the euro zone, said he was ready to step up disciplinary action against Paris for not respecting its obligations under EU budget rules. EU finance ministers asked France last year to cut its budget deficit to below the EU ceiling of 3...

  • *France would then be granted more time for deficit reduction. The Commission is also likely to step up the disciplinary procedure against France to the final stage before fines while at the same time granting Paris the extra two years it wants to bring down its budget shortfall within EU limits. The decisions, some of which will be taken by the outgoing...

  • *France would then be granted more time for deficit reduction. The Commission is also likely to step up the disciplinary procedure against France to the final stage before fines while at the same time granting Paris the extra two years it wants to bring down its budget shortfall within EU limits. The decisions, some of which will be taken by the outgoing...