GO
Loading...

Deficits

More

  • 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.

  • UPDATE 1-India's BJP debates junking deficit cut roadmap Thursday, 15 May 2014 | 10:23 AM ET

    NEW DELHI, May 15- India's main opposition party, set to form the next government, is debating scrapping or revising a plan to cut the federal fiscal deficit, potentially risking a ratings downgrade, although that could be mitigated if economic growth recovers.

  • India's BJP debates junking deficit cut roadmap Thursday, 15 May 2014 | 7:52 AM ET

    NEW DELHI, May 15- India's main opposition party, set to form the next government, is debating scrapping or revising a plan to cut the federal fiscal deficit to a nine-year low over the next three years, sources with direct knowledge of the situation told Reuters.

  • WASHINGTON, May 12- The United States posted a $107 billion budget surplus in April, according to Treasury Department figures released on Monday, suggesting the federal government was on track to slash its annual deficit. Washington usually runs a surplus in April because households have a deadline for settling tax bills that month.

  • France 'still has work to do': Dijsselbloem     Monday, 5 May 2014 | 11:00 AM ET

    Jeroen Dijsselbloem, Eurogroup president, says France still has a lot of work to do to reach its deficit target and that monetary policy is be better left to the ECB.

  • TORONTO, May 1- Ontario's minority Liberal government unveiled a budget on Thursday that projected a larger-than-forecast deficit for fiscal year 2014-15, but it was not clear whether the budget would get enough opposition support to pass and stave off a summer election.

  • LISBON, April 30- Portugal's government expects to have room to start reversing public sector salary cuts from 2015 while maintaining its budget deficit reduction targets after the end of its international bailout next month.

  • Is France too optimistic with growth?     Tuesday, 29 Apr 2014 | 4:30 AM ET

    Philippe Waechter, head of economic research at Natixis Asset Management, says the new French plan to tackle the country's deficit is too dependent on strong growth forecasts.

  • TRIPOLI, April 23- Libya plans deep austerity measures to tackle a budget deficit expected to reach up to 10 billion Libyan dinars this year due to rebel blockades which have strangled oil production, a senior lawmaker told Reuters. Libya traditionally runs large surpluses thanks to oil export revenues.

  • *Japan posts record trade deficit, hits yen. *Unrest in Ukraine likely to limit safe-haven yen's losses. NEW YORK, April 21- The dollar rose to a two-week high against the yen on Monday after Japan posted a record trade deficit in the fiscal year ended in March, though tensions in Ukraine were likely to limit losses on the safe-haven Japanese currency.

  • PARIS, April 16- France vowed on Wednesday to honour its Europeans commitments on deficit reduction and rushed out details of its grand plan to curb public spending by 50 billion euros between 2015 and the end of President Francois Hollande's term in 2017..

  • French PM details 50 bln euro budget savings plan Wednesday, 16 Apr 2014 | 7:05 AM ET

    PARIS, April 16- French Prime Minister Manuel Valls on Wednesday provided a breakdown of the government's plan to reduce public spending by 50 billion euros and reiterated that France would honour its European commitments on deficit reduction.

  • DUBLIN, April 15- Ireland nudged up its growth forecasts for 2014 and 2015, reversing a trend of downgrades over recent years but the government is sticking with planned tax increases and spending cuts to reduce a still high budget deficit.

  • *Fiscal year 2014 deficit estimated to fall to $492 billion. WASHINGTON, April 14- Health insurance subsidies under the Affordable Care Act will cost slightly less than previously thought, helping to slow down the forecast growth of U.S. deficits over the next decade, the Congressional Budget Office said on Monday.