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  • 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.

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

  • WASHINGTON, June 11- President Barack Obama's nominee to head the White House Office of Management and Budget, Shaun Donovan, told a Senate panel on Wednesday he would continue to cut budget deficits while finding ways to spend more on programs intended to boost growth.

  • Obama budget nominee pledges to boost growth, cut deficit Wednesday, 11 Jun 2014 | 10:33 AM ET

    WASHINGTON, June 11- President Barack Obama's nominee to head the White House Office of Management and Budget, Shaun Donovan, told a Senate panel on Wednesday he would continue to cut budget deficits while finding ways to spend more on programs intended to boost growth.

  • PARIS, June 11- The French government published a draft mini-budget on Wednesday that includes an extra 4 billion euros in public spending cuts and tax relief for nearly 4 million households, as Paris tries to meet deficit targets while placating angry voters.

  • PARIS, June 11- The French government published on Wednesday a draft mini-budget with an extra 4 billion euros in public spending cuts and tax relief for nearly 4 million households as Paris tries to meet deficit targets while assuaging concerns of angry voters.

  • NEW DELHI, May 25- Indian-born economist Arvind Panagariya, who is widely expected to take a top advisory role in prime minister-elect Narendra Modi's government, wants its first budget to boost capital spending even at the risk of a higher fiscal deficit.

  • *Cuts in waste spending could trim borrowing by $4 bln. NEW DELHI, May 22- India's finance ministry is working on a proposal for the new government to cut welfare spending and rein in the deficit in its first budget, to allay fears of fiscal slippage that would increase the risk of a sovereign credit downgrade.

  • NEW DELHI, May 22- India's finance ministry is working on a proposal for the new government to cut welfare spending and rein in the deficit in its first budget, to allay fears of fiscal slippage that would increase the risk of a sovereign credit downgrade.