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Federal Budget (U.S.) Deficits

  • BRASILIA, July 25- Brazil's government unveiled sweeping changes to its mining code on Tuesday, boosting royalties in the latest move to reduce a budget deficit amid a sluggish recovery from the country's worst recession on record. "Brazil lagged behind in the royalties it charged," Mining Minister Fernando Coelho Filho said at the event where the new rules were...

  • BRASILIA, July 25- Brazil's government unveiled sweeping changes to its mining code on Tuesday, boosting royalties in the latest move to reduce a budget deficit amid a sluggish recovery from the country's worst recession on record. Royalties for iron ore will rise to as much as 4 percent, depending on market prices, from 2 percent currently.

  • BRASILIA, July 20- Brazil's government on Thursday increased a spending freeze and raised taxes to cover a budget gap this year, reinforcing its commitment to fiscal discipline but dealing a potential blow to fragile economic growth. Brazil lost its investment-grade rating in 2015 after missing budget targets for years. Brazil targets a budget deficit of 139...

  • BUDGET DIRECTOR MULVANEY SAYS WILLING TO ACCEPT SHORT-TERM DEFICIT INCREASES IF IT MEANS LONGER TERM ECONOMIC GROWTH.

  • *2016 budget deficit hits $1.4 billion, 10 percent of GDP. HARARE, July 20- Zimbabwe's budget deficit rose to $1.4 billion, or 10 percent of national output, in 2016, worse than previously revised estimates, the country's finance minister said. Chinamasa said the government paid white former farmers $134 million last year as compensation for land seized by...

  • BRUSSELS, July 20- The euro zone's public deficit dropped in the first quarter of the year to its lowest level in nearly a decade, driven by a widening surplus in Germany and despite France's increasing fiscal gap, data released on Thursday showed. The figures, published by the European Union's statistics office Eurostat, confirmed the improving state of the...

  • BUENOS AIRES, July 19- Argentina posted a primary fiscal deficit of 144 billion pesos, or 1.5 percent of gross domestic product, in the first half of 2017, Treasury Minister Nicolas Dujovne said on Wednesday, beating the government target for a gap of 2 percent of GDP. For June, Argentina posted a primary fiscal deficit of 57 billion pesos, compared with 27 billion...

  • Newly inaugurated French President Emmanuel Macron arrives on the Champs-Elysees after his handover ceremony on May 14, 2017, in Paris, France.

    Budget cuts could prove the first stumbling block for France's fresh faced president.

  • Republican leaders in the House of Representatives and the Senate are unlikely to allow the budget deficit to grow, so officials said they now hope for a corporate tax at the low end of a 20 percent to 25 percent range. Six months into Trumps presidency, Republicans who control House, Senate and the White House have yet to agree on important features of a tax code...

  • Republican leaders in the House of Representatives and the Senate are unlikely to allow the budget deficit to grow, so officials said they now hope for a corporate tax at the low end of a 20 percent to 25 percent range. Six months into Trumps presidency, Republicans who control House, Senate and the White House have yet to agree on important features of a tax code...

  • WASHINGTON, July 14- The budget deficit for President Donald Trump's first two years in office will be nearly $250 billion higher than initially estimated due to a shortfall in tax collections and a mistake in projecting military healthcare costs, budget chief Mick Mulvaney reported on Friday. In a mid-year update to Congress, Mulvaney, director of the Office...

  • President Donald Trump.

    The White House says its proposed budget and policies would boost growth to levels not seen in decades. The CBO remains unconvinced.

  • The annual budget deficit in 2027 would be about $720 billion under Trump's proposal, the CBO said in a report, not eliminated as promised by the White House, which has projected a $16 billion surplus. Trump's budget, which slashes funding for the Medicaid healthcare program for the poor and disabled, is unlikely to become law in its current form.

  • WASHINGTON, July 13- The U.S. Treasury said on Thursday the federal government posted a $90 billion budget deficit for June versus a year-earlier surplus of $6 billion as receipts failed to keep pace with growth in outlays. Treasury Secretary Steven Mnuchin has called on Congress to raise the U.S. debt limit as soon as possible to ensure that the government can...

  • WASHINGTON, July 13- The nonpartisan Congressional Budget Office said on Thursday that President Donald Trump's 2018 budget would reduce the federal deficit over the next decade but the reduction will be lower than White House estimates due to slower economic growth. Trump's 2018 fiscal budget would cause the federal budget deficit to shrink relative to...

  • CBO SAYS TRUMP BUDGET'S DEFICIT REDUCTION WOULD STEM FROM LOWER SPENDING, INCLUDING DECREASE OF $2 TRILLION IN MANDATORY SPENDING, MOSTLY FROM HEALTHCARE.

  • BRUSSELS, July 12- The European Commission recommended on Wednesday the end of disciplinary procedures against Greece over its excessive deficit after improvements in its fiscal position, a new sign of the country's recovery that could help it return to markets soon.

  • BANJUL, July 11- The World Bank will provide Gambia with $56 million in budget support to help the West African country's new government address a high deficit and provide basic public services. Despite an influx of foreign donor money after succeeding longtime strongman Yahya Jammeh in January, President Adama Barrow's government is struggling to balance...

  • July 10- Pennsylvania Governor Tom Wolf said on Monday he would allow an unbalanced budget of just under $32 billion to become law at midnight after state lawmakers failed to agree on a plan to close a $2 billion deficit. The legislature approved the spending part of the budget June 30th, beating a July 1 deadline by just hours. "In the coming days, it is my hope that the...

  • July 10- Pennsylvania Governor Tom Wolf said on Monday he would allow an unbalanced budget of just under $32 billion to become law at midnight after state lawmakers failed to agree on a plan to close a $2 billion deficit. The legislature approved the spending part of the budget June 30th, beating a July 1 deadline by just hours. "In the coming days, it is my hope that the...