Deficits
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WASHINGTON, May 23- The wealthiest 20,000 U.S. farmers should pay more for taxpayer subsidized crop insurance, the Senate voted on Thursday, adopting a measure that blended deficit reduction, populism and farm program reform. It would expand by 5 percent in the Senate bill even as other farm, conservation and nutrition programs are cut by $24 billion over 10 years.
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ATHENS, May 14- Ratings agency Fitch upgraded its sovereign credit rating for Greece by one notch on Tuesday, citing progress in cutting its budget deficit and the risk of a euro zone exit receding.
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SYDNEY, May 14- Australia's minority government released its 2013/ 14 budget bill on Tuesday, which showed a widely-flagged deficit in the new fiscal year.
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SYDNEY, May 14- Australia's minority government released its 2013/ 14 budget bill on Tuesday, which showed a widely-flagged deficit in the new fiscal year.
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The Federal deficit is falling faster than expected, with Ari Melber, Nation Magazine; Phil Musser, New Frontier Strategy; and Brian Kelly, founder of Brian Kelly Capital, discuss.
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Slovenia pledged to sell 15 state firms and raise VAT on Thursday in a desperate bid to avoid an international bailout.
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"The sequester is a drip, drip, drip, not a slammed door," said Rep. Steny Hoyer, (D-MD), discussing the stalled budget bill in Congress, and the Internet sales tax.
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April's U.S. budget surplus was bigger than a year ago and the government ran a much smaller deficit in the first seven months of the year, the CBO said.
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Elena Panaritis, CEO and founder of T4Action, discusses how to fix the European North-South economic divide and says burden sharing should be conditional on structural reforms.
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WASHINGTON, May 7- April's U.S. budget surplus was bigger than a year ago and the federal government ran a much smaller deficit in the first seven months of the current fiscal year than the previous year, the Congressional Budget Office said on Tuesday.
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WASHINGTON, May 7- April's U.S. budget surplus was bigger than a year ago and the federal government ran a much smaller deficit in the first seven months of the current fiscal year than the previous year, the Congressional Budget Office said on Tuesday.
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LJUBLJANA, May 7- Slovenia postponed on Tuesday a parliamentary vote on setting a cap on the budget deficit until later in May, after parties failed to agree the terms of the so-called golden fiscal rule.
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JERUSALEM, May 7- Israel will slash spending and hike taxes this year and next to rein in a growing budget deficit that Finance Minister Yair Lapid warned could cause an economic collapse if left unchecked.
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May 7- Following is a breakdown of French budget figures for March, released by the finance ministry on Tuesday. Figures in billions of euros unless otherwise stated. Jan-Mar 2013 Jan-Mar 2012 Pct change Deficit -31.026 -29.411- Spending 90.248 87.196 3.5- Revenues 69.626 68.155 2.2- Treasury special -10.404 -10.370 accounts*.
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May 6- Puerto Rico business groups and some municipal governments are teaming up against a proposed $1 billion overhaul of a sales and use tax that is a key component of a budget proposal meant to cut a large deficit in the debt-ridden economy. Puerto Rico's debt is one of the riskier alternatives in the $3.7 trillion U.S. municipal bond market.
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JERUSALEM, May 5- Israel's cabinet on Sunday approved a plan to raise the 2013 budget deficit target, allowing the government to delay the most painful planned spending cuts until next year, in a move that drove up government bond yields.
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JERUSALEM, May 5- Israel's cabinet on Sunday approved a plan to raise the 2013 budget deficit target, allowing the government to delay the most painful planned spending reductions until next year.
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CAIRO, May 4- Egypt hopes to lower its budget deficit to 5.5 percent in the 2016-1017 fiscal year from 10.7 percent in 2012/ 13, the finance minister told Egypt's Al-Ahram daily newspaper on Saturday.
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CAIRO, May 4- Egypt hopes to lower its budget deficit to 5.5 percent in the 2016-1017 fiscal year from 10.7 percent in 2012/ 13, the finance minister told Egypt's Al-Ahram daily newspaper on Saturday.
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*Savings worth 4.8 billion euros by 2015. By Andrei Khalip and Daniel Alvarenga. LISBON, May 3- Portugal plans to raise the retirement age by one year to 66 and make public sector employees work an extra hour per day as part of an array of new spending cuts needed to slash the budget deficit and meet its bailout targets.
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JERUSALEM, May 3- Israel's new finance minister on Friday trimmed a proposed budget deficit target for 2013 which drew criticism from fiscal conservatives.