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Deficits

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  • FRANCE'S SAPIN DOES NOT COMMENT ON KEY 2015 PUBLIC DEFICIT TARGET, SAYS EUROPE MUST ADAPT DEFICIT REDUCTION PACE TO ECONOMIC ENVIRONMENT.

  • U.S. budget deficit falls to $95 billion in July Tuesday, 12 Aug 2014 | 2:00 PM ET

    WASHINGTON, Aug 12- The U.S. budget deficit was $95 billion at the end of July, down 3 percent from the same period last year, according to data released by the Treasury Department on Tuesday.

  • JAKARTA, Aug 5- Indonesia's economy in the second quarter grew at the slowest annual rate since the last quarter of 2009, the statistics bureau said on Tuesday. Southeast Asia's biggest economy has experienced slower growth due to tightening in both monetary and fiscal policy. Indonesia on Monday reported a trade deficit of $305 million in June.

  • CHICAGO, Aug 1- Chicago said its budget deficit was on track to shrink to just below $300 million in 2015, but a state-mandated increase in pension payments would expand gaps in the future.

  • SOFIA, July 29- Bulgaria's outgoing parliament voted on Tuesday to widen the 2014 fiscal deficit target and raise 3.4 billion levs in new debt, giving the next government some of the tools needed to solve the country's banking crisis.

  • *France has until 2015 to bring its deficit to 3 pct of GDP. PARIS, July 22- France will not accelerate cuts in public spending even though disappointing growth could make it difficult to meet EU fiscal targets, President Francois Hollande said.

  • NEW DELHI, July 12- India's top finance ministry official said that plans announced in this week's budget to stick to a fiscal deficit target of 4.1 percent of GDP are "very credible", despite criticism from ratings agencies that the number is optimistic.

  • WASHINGTON, July 11- The White House lowered its U.S. federal deficit forecast for the 2014 fiscal year by $66 billion to $583 billion on Friday on the basis of gathering economic momentum as evidenced by gains in hiring.

  • NEW DELHI, July 10- India's new government on Thursday unveiled a first budget that seeks to revive growth and curb borrowing, but left open questions on how it will reduce the fiscal deficit and restore investor confidence.

  • NEW DELHI, July 10- Indian Prime Minister Narendra Modi's new government on Thursday unveiled a first budget of structural reforms aimed at reviving growth, winning praise from investors despite a lack of clarity over how he would cap the big fiscal deficit.

  • NEW DELHI, July 10- Indian Prime Minister Narendra Modi's new government on Thursday unveiled a budget it said can revive growth after the longest slowdown in a quarter of a century even while curbing borrowing.

  • *Growth seen at 5.4-5.9 pct for year ending March 2015. NEW DELHI, July 9- India's fiscal situation is worse than it appears, Prime Minister Narendra Modi's government said in an economic report on Wednesday that called for tough measures to shore up public finances and reduce inflation.

  • Egypt raises taxes on cigarettes and alcohol Sunday, 6 Jul 2014 | 12:31 PM ET

    CAIRO, July 6- Egypt raised the sales tax on cigarettes by up to 120 percent on Sunday and doubled the tax on alcohol as part of a series of measures to curb the budget deficit and reform the economy. Egypt is trying to reduce its deficit to 10 percent of gross domestic product in the next fiscal year, from an expected shortfall of 12 percent in 2013/ 14..

  • SANTIAGO, July 4- Chile's Finance Ministry said on Friday that the government's target of reducing the fiscal structural deficit to zero by 2018 is conditional on the approval and implementation of President Michelle Bachelet's tax reform package. It is currently being debated in Senate.

  • *France targets 2014 public deficit at 3.8 pct of GDP. PARIS, July 1- France's lower house of parliament backed a supplementary budget for 2014 by a large majority on Tuesday, a relief for President Francois Hollande as his Socialist party managed, for now, to contain opposition within its own ranks.

  • BRASILIA, June 30- Brazil posted in May its second-widest monthly primary budget deficit ever, a worse-than-expected result that puts at risk the country's key fiscal and debt servicing goal for the year.

  • BUCHAREST, June 12- The IMF has postponed a review of Romania's 4 billion euro aid deal until November, Prime Minister Victor Ponta said on Thursday, giving the country leeway in drafting a deficit-cutting 2015 budget in an election year.

  • *Kenya aims to raise $1.5- 2.0 billion in Eurobond. NAIROBI, June 12- Kenya expects its fiscal deficit to fall slightly to about 7.4 percent of gross domestic product for the 2014/ 15 financial year, figures from the finance minister's budget speech showed on Thursday.

  • US records $130B budget deficit in May Wednesday, 11 Jun 2014 | 3:24 PM ET

    The U.S. reported a $130 billion deficit in May after a surplus in April, but this year's imbalance is on track to be the lowest in 6 years.

  • ACCRA, June 11- Ghana's central bank is funding the country's budget deficit but the amount does not exceed 10 percent of revenue and any excess will be made up by the end of 2014, governor Henry Kofi Wampah told Reuters in an interview.