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Federal Budget (U.S.) Deficits

  • BUENOS AIRES, Jan 17- Argentina posted a primary fiscal deficit worth 3.9 percent of gross domestic product in 2017, below its 4.2 percent goal and the 4.6 percent figure posted in 2016, Treasury Minister Nicolas Dujovne told reporters on Wednesday. Since taking office in December 2015, business-friendly President Mauricio Macri has sought to reduce the...

  • BRASILIA, Jan 11- Ratings agency Standard& Poor's cut Brazil's credit rating further below investment grade on Thursday as doubts grew about a presidential election in October and a push to trim its costly pension system, seen as vital to closing a huge fiscal deficit. S&P lowered its long-term rating for Brazil sovereign debt to BB- from BB previously, with a...

  • BRASILIA, Jan 11- Ratings agency Standard& Poor's cut Brazil's credit rating on Thursday as doubts grew about the result of a presidential election in October and a push to trim its costly pension system, seen as vital to closing a huge fiscal deficit. S&P lowered its long-term rating for Brazil sovereign debt to BB- from BB previously, with a stable outlook, citing...

  • WARSAW, Poland— Poland's lawmakers have voted to approve the nation's budget for 2018 that assumes 3.8 percent economic growth and a deficit well within European Union requirements. The state budget approved Thursday pegs the deficit at no more than 41.5 billion zlotys with income of 355.7 billion zlotys. The Senate and President Andrzej Duda still need to...

  • WASHINGTON— The federal government recorded a budget deficit of $23.2 billion in December, smaller than a year ago. The December deficit was 15.2 percent lower than the $27.3 billion imbalance in December 2016, the Treasury Department reported Thursday. The tax measure will trim personal and individual taxes by $1.5 trillion over the next decade, with...

  • WARSAW, Jan 11- Poland's lower house of parliament on Thursday approved a 2018 budget which assumes GDP growth of 3.8 percent and a central budget deficit of 41.5 billion zlotys. The budget envisages 2018 inflation at 2.3 percent and a general government deficit of 2.7 percent of GDP. The document still needs to be approved by the upper house of parliament and the...

  • ALGIERS, Jan 9- Algeria has banned the import of 900 products including cell phones, household appliances and vegetables in a bid to cut spending following a drop in earnings from oil and gas, a trade ministry document showed on Tuesday. Algeria relies on oil and gas for 60 percent of the state budget but earnings from the sector have halved since oil prices...

  • TUNIS, Jan 5- Libya earned $14 billion in oil revenues in 2017, nearly three times more than in the previous year, allowing it to halve its budget deficit, the central bank said, amid a partial recovery in oil output despite continued political and economic turmoil. Libya's budget deficit for 2017 stood at 10.6 billion Libyan dinars, down from 20.3 billion dinars...

  • TUNIS, Jan 5- Libya earned $14 billion in oil revenues in 2017, nearly three times more than in the previous year, allowing it to halve its budget deficit, the central bank said, amid a partial recovery in oil output despite continued political and economic turmoil. Libya's budget deficit for 2017 stood at 10.6 billion Libyan dinars, down from 20.3 billion dinars...

  • CHINA TO KEEP 3 PCT INFLATION TARGET, 3 PCT BUDGET DEFICIT GOAL IN 2018- SOURCES.

  • HARARE, Jan 3- Zimbabwe has invited bids for stakes in up to eight loss-making state-owned enterprises, including its national airline and power utility, to help plug a ballooning budget deficit, its deputy finance minister said on Wednesday. Over the last four years, Zimbabwe has failed to cut its deficit despite promises to do so, mainly due to high government...

  • DUBAI, Jan 1- Oman's state budget for 2018, approved by ruler Sultan Qaboos on Monday, boosts spending at the expense of running a large deficit, despite increasing concern among credit rating agencies about the health of the country's finances. The Brent oil price is now above $65, so Oman's revenue is likely to be significantly higher than expected if oil prices...

  • A man holds a nozzle at a petrol station in Riyadh, Saudi Arabia October 8, 2017.

    Saudi Arabia was set to raise local gasoline prices on Monday, state news agency SPA reported.

  • DUBAI, Jan 1- Saudi Arabia was set to raise local gasoline prices on Monday, state news agency SPA reported. It said Octane 91 will sell for 1.37 riyals a liter, up from 0.75 riyals, while Octane 95 will sell for 2.04 riyals a liter, up from 0.90 riyals. King Salman formally announced on Dec. 20 that the target date for eliminating the government's budget deficit would be...

  • TUNIS, Dec 29- Tunisia's trade deficit widened by 23.5 percent year-on-year in the first 11 months of 2017 to 14.362 billion Tunisian dinars, a record level, central bank data showed. The deficit was 11.628 billion dinars in the same period last year. Tunisia's parliament approved this month a 32.7 billion dinar budget for next year, including deficit cutting...

  • BUENOS AIRES, Dec 27- Argentina's Senate on Wednesday gave final approval to the government's tax reform and 2018 budget plan, part of President Mauricio Macri's push to cut business costs and attract investment to Latin America's No. 3 economy. Last week Congress approved Macri's pension reform plan, part of his campaign to cut Argentina's fiscal deficit to...

  • Deficits could hit $1 trillion in the next fiscal year

    CNBC's John Harwood breaks down the challenge for the GOP and what the future holds for entitlements and infrastructure programs.

  • CNBC's John Harwood reports deficits could hit one trillion dollars next year as Speaker Paul Ryan looks to entitlement reform for deficit reduction.

  • LISBON, Dec 22- Portugal's budget deficit was just 0.1 percent of gross domestic product in the 12 months ending in September, putting the country on course to beat its full-year target and reduce its debt burden. Portugal exited an international bailout program in 2014 with many European officials holding the country up as a success story in reforming its...

  • LISBON, Dec 22- Portugal's budget deficit was just 0.1 percent of gross domestic product in the 12 months ending in September, putting the country on course to beat its full-year target and reduce its debt burden. Portugal exited an international bailout program in 2014 with many European officials holding the country up as a success story in reforming its...