GO
Loading...

Deficits

More

  • *Ghana seeks provisional IMF deal this week- senior official. ACCRA, Nov 19- Ghana aims to narrow its budget deficit to 6.5 percent of GDP in 2015, from a projected 9.6 percent this year, as it seeks a financial assistance deal with the IMF, Finance Minister Seth Terkper said in his budget speech on Wednesday. The hoped-for three-year deal with the International...

  • ACCRA, Nov 19- Ghana hopes to seal a provisional agreement with the IMF on financial assistance this week and aims to cut its budget deficit to 6.6 percent of GDP in 2015 from more than 9.6 percent in 2014, a senior official told Reuters ahead of Wednesday's budget. In a measure of the fiscal problems, the government has overshot initial 2014 budget deficit and...

  • TORONTO, Nov 17- The Canadian province of Ontario trimmed its economic growth forecasts for the next three years on Monday but left its deficit targets unchanged and said its budget will be balanced by 2017-18.. In his fall fiscal update, Finance Minister Charles Sousa projected a deficit of C $12.5 billion in fiscal 2014-15, ending March 31, unchanged from the...

  • TORONTO, Nov 17- The Canadian province of Ontario said on Monday it continues to project a deficit of C $12.5 billion in fiscal 2014-15, with a balanced budget expected in 2017-18, unchanged from the forecasts in the Liberal government's July budget. In his fall fiscal update, Finance Minister Charles Sousa said there are signs economic growth in the province...

  • U.S. budget deficit at $122 billion in October Thursday, 13 Nov 2014 | 2:00 PM ET

    WASHINGTON, Nov 13- The U.S. had a budget deficit of $122 billion in October, up 34 percent from the same period last year, according to data released by the Treasury Department on Thursday. Analysts polled by Reuters had expected a $111.7 billion deficit for last month. Last month's deficit was the largest for the month of October since 2011, according to a Treasury...

  • *Valuations may make Dubai bonds most vulnerable. Oil and gas production account for nearly half of economic output in the six Gulf Cooperation Council nations, some three-quarters of exports, and an even higher ratio of state revenues. Saudi Arabia may even post a budget deficit; the International Monetary Fund has estimated it will need an average oil price of...

  • TIMELINE-A history of Detroit's fiscal problems Friday, 7 Nov 2014 | 6:02 PM ET

    Nov 7- A U.S. judge on Friday confirmed Detroit's plan to exit the largest-ever municipal bankruptcy. -Detroit's descent into fiscal insolvency can be traced back to the waning days of long-time Mayor Coleman Young's administration, when the city was already deep in debt and struggling with a budget deficit. Both Young and the Michigan state treasurer raised...

  • France should 'obey the rules': Irish PM  Tuesday, 4 Nov 2014 | 8:45 AM ET

    Irish Prime Minister Enda Kenny says the EU should examination "of the circumstances of France" to sort out the country's deficit issue.

  • BRASILIA, Oct 31- Brazil posted its biggest monthly deficit ever in September, underscoring a rapid deterioration of the fiscal accounts that poses the biggest challenge to newly re-elected President Dilma Rousseff's efforts to regain investor trust. That put Brazil at risk of ending 2014 with its first annual primary deficit in nearly two decades.

  • NEW DELHI, Oct 30- Indian Prime Minister Narendra Modi has ordered bureaucrats to forgo the luxury of flying first class and start paying for their spouses' air tickets as he tries to deliver on a promise to cut the fiscal deficit to a seven-year low. While Thursday's small-bore measures copy a playbook New Delhi has relied on since 2012 to trim a bloated deficit,...

  • BRUSSELS, Oct 28- The European Commission provisionally accepted the budgets of France and Italy, saying on Tuesday that no euro zone states had submitted deficit plans for next year that seriously breached EU rules for fiscal stability. A day after Paris and Rome amended their 2015 budgets in the hope of avoiding censure from the European Union executive, the...

  • France to trim 2015 budget deficit further Monday, 27 Oct 2014 | 11:32 AM ET

    PARIS, Oct 27- The French government plans to cut its budget deficit by an additional 3.6- 3.7 billion euros next year, Finance Minister Michel Sapin said on Monday, adding that this should allow Paris to respect EU-deficit rules. Together the cost-savings and extra measures should allow France to reduce its structural deficit, which excludes the impact of...

  • The benefits of a $40B trade deficit  Wednesday, 22 Oct 2014 | 9:54 AM ET

    CNBC's Jeff Cox discusses how a $40 billion trade deficit will help the U.S. economy.

  • 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...

  • Germany, France hammer out EU budget deal: Report Sunday, 19 Oct 2014 | 10:32 AM ET

    Germany and France are secretly discussing a deal to let European officials approve Paris's draft 2015 budget, a report said on Sunday.

  • 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...

  • 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.