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Deficits

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  • 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.

  • CBO projects deficit to fall: Report     Monday, 14 Apr 2014 | 3:12 PM ET

    The Congressional Budget Office is cutting its estimates of the U.S. deficit to $492 billion due to lower-than-expected Obamacare premiums, reports CNBC's Eamon Javers.

  • *Fitch has highest rating, outlook on Portugal among agencies. LISBON, April 11- Rating agency Fitch raised its outlook on Portugal's debt rating to "positive" from "negative" on Friday, citing the country's strong progress in cutting its budget deficit, regaining market access and improving economic growth.

  • Jens Weidmann, president of the Bundesbank, says that by delaying the correction of its excessive budget deficit twice, France is endangering the credibility of European Union rules.

  • *Ghana could still meet budget deficit target of 8.5 percent of GDP. ACCRA, April 8- Ghana is paying over-the-odds for its domestic debt but foreign investors are not fleeing the market even though the government has missed a string of fiscal targets, central bank Governor Henry Kofi Wampah told a Reuters Africa Summit.

  • NEW DELHI/ MUMBAI, April 8- From convincing sceptical bond investors that the fiscal deficit can be contained to concerns that El Nino will devastate agricultural crops, any new government in India will face urgent and critical challenges with no easy solutions.

  • *Barroso, Van Rompuy smile when asked about Italy budget. *PM Renzi says Italy will respect 3 pct deficit limit. However the reaction in Italy reflected questions over how well Renzi's fast-talking style and his promises to end the austerity policies which have dominated the EU's response to the euro zone debt crisis will go down in Brussels.

  • RIO DE JANEIRO, March 17- Brazil's social security deficit this year was underestimated by about 10 billion reais by the government, Social Security Minister Garibaldi Alves told the newspaper Valor Economico, raising questions about the country's ability to meet its fiscal savings target this year.

  • JOHANNESBURG, March 16- Mozambique's overall budget deficit is projected to widen to 9.5 percent this year from 3 percent in 2013, the International Monetary Fund said, as the country continues its spending-driven quest for economic growth.

  • Osborne looks determined to stick to his message that Britain is only half-way through the belt-tightening plan he launched in 2010 to fix Britain's still wide budget deficit.

  • *Portugal to more than halve deficit by end-2015, then more. LISBON, March 9- Portugal's international bailout is expected to end in mid-May. To avoid a repeat of the 78 billion euro financial rescue agreed in May 2011 with the European Union and the International Monetary Fund, Lisbon cannot let up on shrinking its budget gap and trimming a huge sovereign debt.

  • *Italy, France need policy action to fix economies. BRUSSELS, March 5- The European Commission put Italy on Wednesday on its watch list because of the country's very high public debt and weak competitiveness and warned France that will miss agreed budget deficit reduction targets unless it takes action.

  • *Italy, France need policy action to fix economies. BRUSSELS, March 5- The European Commission put Italy on Wednesday on its watch list because of the country's very high public debt and weak competitiveness and warned France that will miss agreed budget deficit reduction targets unless it takes action.

  • WASHINGTON, March 3- When he releases his budget proposal on Tuesday, President Barack Obama will be able to celebrate the smallest deficit since he took office in 2009. He also will be able to enjoy a cease-fire in the fiscal battles that have paralyzed Washington for the past three years.