The debt rises when the government borrows to finance a budget deficit, and in some circumstances, running a budget deficit is reasonable.
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Fitch estimates the budget deficit widened to 4% of GDP in 203, from 1.9% in 2014 and compared with a budget deficit target of 2.3%.
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But while a reconciliation bill can increase the short-term budget deficit, the Congressional Budget Office has to certify that it won't increase the budget deficit over the long term.
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BEIJING (Reuters) - China, which has left its 2017 budget deficit target unchanged from last year's goal, should moderately control its budget deficit ratio, Vice Finance Minister Zhu Guangyao said on Sunday.
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HAHN: Obama -- he reduced the budget deficit every year.
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With so many reasons to be concerned about an increase in the country's budget deficit, one must be highly disappointed in Congress' erstwhile budget deficit hawks now seeming to abandon their principles.
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Osborne had pledged to eliminate the budget deficit by 2020.
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What they've definitely done is explode the US budget deficit.
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The budget deficit has swelled to around 20% of GDP.
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The budget deficit is near 20113 percent of national output.
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Rio ended up with a budget deficit of 11bn reais.
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At the time, Japan's government had a huge budget deficit.
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That means cutting the budget deficit and raising interest rates.
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Our Budget deficit continues to rise 70% year on year.
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The kingdom's budget deficit reached nearly $100 billion last year.
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Reserves have also been used to finance the budget deficit.
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Manama had projected a $3.5 billion budget deficit in 2018.
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The budget deficit is more than a tenth of GDP.
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|
What is the US budget deficit going to be like?
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But the current budget deficit is not as easily justified.
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She was impeached in 2016 for obscuring a budget deficit.
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That could be inflationary if they widen a budget deficit.
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The government budget deficit was $984.4 billion in fiscal 2019.
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|
He lengthened the school year and cut the budget deficit.
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|
We have a large budget deficit over the indefinite future.
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|
Most importantly for our purposes, while a reconciliation bill can create a temporary budget deficit inside the Congressional Budget Office's customary 10-year scoring window, it can't open up a long-term budget deficit.
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Sound budget management demands that while in bad times the budget deficit might be allowed to increase to support the economy, in good economic times, every effort must be made to reduce the budget deficit.
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Because usually the budget deficit expands in response to a recession.
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Some of the savings will go to reduce the budget deficit.
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|
Foreign reserves were up; the budget deficit and inflation were down.
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The fund will not impact the budget deficit or public debt.
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|
Lawmakers in Juneau still face a $4.1 billion budget deficit. Gov.
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One is the absence of much mention of the budget deficit.
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Its aggregate budget deficit was just 0.6% of GDP in 2018.
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The budget deficit for the current fiscal year is $503 billion.
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During a recession, the federal government can run a budget deficit.
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Gulf countries' average budget deficit reached double-digit levels in 2015.
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|
Confidence will return only if the government reduces the budget deficit.
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|
Egypt's budget deficit has widened to more than 10% of GDP.
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|
Therefore, a $1.5 trillion tax cut will raise the budget deficit.
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|
The budget deficit has nothing to do with the trade deficit.
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|
Supporters say it is needed to reduce Japan's large budget deficit.
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|
And we've done all this while dramatically cutting our budget deficit.
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|
He also emphasizes the record budget deficit as an unnerving headwind.
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|
Tax cuts generally reduce federal revenue and raise the budget deficit.
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|
Lebanon's budget deficit is running at around 10 percent of GDP.
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|
This year's central budget deficit is capped at 54.7 billion zlotys.
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|
Together those moves would most likely increase the budget deficit substantially.
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ET. Canada's budget deficit data is due at 11:00 a.m.
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All this, when our budget deficit has already surpassed $1 trillion.
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|
The government has targeted a budget deficit of 2.09% in 2020.
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|
This year's budget deficit will be about 3.3 percent of GDP.
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|
Under Reagan and George H.W. Bush, the federal budget deficit doubled.
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|
Tax revenues are plunging, and the nation's budget deficit is ballooning.
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|
Malaysia has also halved its budget deficit since the global financial crisis.
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|
I think you're going to see the budget deficit come way down.
|
|
The budget deficit target for 2018 stands at 1.3 percent of GDP.
|
|
But the proposed expansionary fiscal policy stance could increase the budget deficit.
|
|
The budget deficit has been brought down to below 3% of GDP.
|
|
It would probably inherit a budget deficit of around 6% of GDP.
|
|
The budget deficit is expected to exceed 9% of GDP this year.
|
|
The state budget deficit this year is projected at 195 billion riyals.
|
|
Last year, the government ran a record budget deficit of $98 billion.
|
|
In 2019 America's budget deficit may surpass $1trn, or 5% of GDP.
|
|
Mr Christie inherited an enormous budget deficit, which he cut without blinking.
|
|
Baghdad has a $20 billion budget deficit caused by depressed oil prices.
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|
This factor will also determine the 2018 budget deficit forecast, Morawiecki said.
|
|
The budget deficit has shrunk to a little above 2000% of GDP.
|
|
A projected $252 million budget deficit for fiscal 2020, which begins Jan.
|
|
But a higher U.S. budget deficit is likely to dampen that view.
|
|
The budget deficit swelled last year to a staggering 15% of GDP.
|
|
Currently facing a $28503 billion budget deficit, both Emanuel and Illinois Gov.
|
|
In that case, the budget deficit naturally becomes an opposition talking point.
|
|
Estimating that the government's budget deficit in 2009 was 15.4% of GDP.
|
|
Trump's proposed expansionary fiscal policy stance could, however, increase the budget deficit.
|
|
Transit officials have warned that they are facing a growing budget deficit.
|
|
The Washington Post editorial board: Ballooning budget deficit reflects an unhealthy democracy.
|
|
One GOP senator — Bob Corker of Tennessee — defected over budget deficit concerns.
|
|
Hungary has been running a budget deficit below the EU's 3% ceiling.
|
|
The changes were also criticized for increasing the U.S. budget deficit, however.
|
|
One less-discussed item of the tax reform is the budget deficit.
|
|
Running a large budget deficit is also reasonable during an economic downturn.
|
|
By just lowering corporate taxes, the budget deficit is expected to increase.
|
|
It still faces a budget deficit of $2.5 billion for next year.
|
|
Moody's expects Dubai to record a 2.2 percent budget deficit this year.
|
|
In return, we would get a small reduction in the budget deficit.
|
|
Using CBO's latest estimates, the 28503 budget deficit will be $22019 billion.
|
|
A growing budget deficit, he says, is also part of the problem.
|
|
Second, our trade deficit is partly driven by our federal budget deficit.
|
|
ITALIAN 2019 BUDGET DEFICIT COULD BE 2.0% OF GDP OR LOWER - COALITION OFFICIALS
|
|
The banks buy government debt, which finances an expanding budget deficit and debt.
|
|
The previous government had forecast a budget deficit of 0.8 percent for 2019.
|
|
Asset sales could help plug a record budget deficit expected for this year.
|
|
Now, Italy's spending plans forecast a budget deficit of 2.4 percent in 2019.
|
|
Meanwhile, of course, the nation's budget deficit and debt load are much larger.
|
|
The White House is estimating this year's budget deficit will total $1.09 trillion.
|
|
Those factors both mechanically increase the budget deficit relative to what Trump projects.
|
|
The government is controlling the budget deficit at around 2 percent of GDP.
|
|
Australia's budget deficit is also set to widen over the next four years.
|
|
Italy's budget deficit is to rise too, against the rules, while growth stalls.
|
|
The government had originally aimed at a budget deficit of 3.5% for 2020.
|
|
The government's budget deficit target was kept unchanged at 3 percent of GDP.
|
|
This brought the budget deficit down to 4% of GDP in 193-16.
|
|
Walker began this year's legislative session looking at a $4.1 billion budget deficit.
|
|
Scotland's budget deficit is now nearing 10% of GDP, more than twice Britain's.
|
|
Go deeper... Chart: How the U.S. budget deficit has fluctuated since the 1980s
|
|
Back in Europe, Britain posted a larger-than-expected budget deficit on Friday.
|
|
Mr Cornejo inherited a big budget deficit when he took office in 2015.
|
|
The French primary budget deficit means that the debt will continue to climb.
|
|
Those revenues helped Brazil's authorities meet their primary budget deficit goal for 2016.
|
|
Go deeper: U.S. budget deficit grew by $113 billion in fiscal year 2018
|
|
The budget deficit will probably exceed the government's target of 2% of GDP.
|
|
A budget deficit that hit 12.5% of GDP in 2015-16 has fallen.
|
|
The United States has run a budget deficit for nearly two decades straight.
|
|
He also refers to the growing budget deficit as an ominous economic issue.
|
|
The banks buy government debt which finances the expanding budget deficit and debt.
|
|
Saudi Arabia's budget deficit shrank to 297 billion riyals ($79 billion) in 2016.
|
|
The government targets a primary budget deficit of 159 billion reais in 2017.
|
|
Brazil's primary budget deficit for February is due to be released on Wednesday.
|
|
The budget deficit should narrow somewhat in 2017 supported by recovering oil price.
|
|
The banks buy government debt, which finances the expanding budget deficit and debt.
|
|
Earlier this year, legislators grappled with a budget deficit of almost $900 million.
|
|
America's budget deficit will rise this year for the first time since 2009.
|
|
To restore confidence Mr Temer would need urgently to cut the budget deficit.
|
|
The budget deficit has fallen by roughly $1 trillion during his two terms.
|
|
The arithmetic is that the budget deficit equals federal outlays minus tax receipts.
|
|
Privatizing these government responsibilities will reduce the Lebanese budget deficit by $2 billion.
|
|
Moreover, this legislation would have no effect on the budget, deficit or debt.
|
|
The Associated Press: Few in Washington seem to care as budget deficit balloons.
|
|
Bob Corker cited his belief that it would not increase the budget deficit.
|
|
AND WE HAVE A 5% ON THE WAY TO A 7% BUDGET DEFICIT.
|
|
The tax bill and the new defense spending have exacerbated the budget deficit.
|
|
Today, however, there really is reason to be concerned about the budget deficit.
|
|
The resulting downturn will cause the government's budget deficit, already large, to swell.
|
|
High inflation may be the only way to pay down the budget deficit.
|
|
The Republicans harangued him for eight straight years over the federal budget deficit.
|
|
With the federal budget deficit rising toward $85033 trillion, this is especially foolish.
|
|
Obesity doesn't just hurt individuals' pocketbooks; it also affects the national budget deficit.
|
|
And it is expected to get progressively heavier, as the budget deficit swells.
|
|
The annual federal budget deficit is expected to pass $1 trillion next year.
|
|
The budget deficit is growing much faster than any increase in tariff revenue.
|
|
Greece reduced an enormous budget deficit and eventually created a surplus, it said.
|
|
Go deeper ... Chart: How the U.S. budget deficit has fluctuated since the 1980s
|
|
Coupled with those historically low tax rates is the country's large budget deficit.
|
|
The budget deficit that we have this fiscal year will be $27 billion.
|
|
Large budget deficit reductions are very difficult to effect without one's own currency.
|
|
Georgiou was charged in 2013 with inflating figures on the 2009 budget deficit.
|
|
Inflating the budget deficit would further add to that huge mountain of debt.
|
|
However, it would also raise the budget deficit unless offset by spending cuts.
|
|
"Regarding the budget deficit, we've known larger ones in the past," he said.
|
|
Kansas continues to struggle with a $43 million budget deficit this fiscal year.
|
|
There's nothing wrong with running a budget deficit if you're accomplishing something worthwhile.
|
|
Among them, the oil price buoyed nearly to $80 dollars now, narrowing Saudi's budget deficit; the proportion of budget deficit in GDP for Saudi declined from 12.8% in 2016 and Saudi said that this proportion will decrease to 7% this year.
|
|
Even with rising crude prices, the country is grappling with a large budget deficit.
|
|
All in all, the budget deficit would probably end up 3% of GDP higher.
|
|
The state budget deficit this year is projected at 195 billion riyals ($52 billion).
|
|
The earlier approved budget plan envisaged a budget deficit of 2.1 percent of GDP.
|
|
Lebanon needs "well-articulated and decisive moves" on reducing the budget deficit, Azour said.
|
|
Domestic political opposition has slowed austerity plans designed to cut the government's budget deficit.
|
|
The bloated pension system is the main cause of the government's unsustainable budget deficit.
|
|
That has made it tricky for the government to reduce the country's budget deficit.
|
|
The Saudi government has forecast a budget deficit of 4.2% of GDP this year.
|
|
It reduced its budget deficit, cleaned up its banks and freed its labour market.
|
|
But China has run a budget deficit in 21 of the past 22 years.
|
|
Asked about the budget deficit, the Canadian finance official pointed to a positive trend.
|
|
So the government resorts again to financing its budget deficit by printing more money.
|
|
Analysts polled by Reuters had expected an $80 billion budget deficit for last month.
|
|
Before the referendum Britain expected to eliminate its budget deficit by 2019 (see chart).
|
|
One big contributor to the latest budget deficit predictions is the 2018 tax cut.
|
|
That could drive up the budget deficit and the world's third-largest government debt.
|
|
The best way to do this would be to eliminate the federal budget deficit.
|
|
The government plans to keep a budget deficit of 2 percent gross domestic product.
|
|
On Friday, the Treasury Department reported a record monthly budget deficit of $234 billion.
|
|
A huge state budget deficit, which threatened the stability of the currency, is shrinking.
|
|
But in the first half of this year, the budget deficit reached 253.2 percent.
|
|
The government's target for the primary budget deficit in 2016 was 163.9 billion reais.
|
|
It was recently announced that the federal government's annual budget deficit is getting larger.
|
|
This is precisely the wrong time to cut taxes and increase the budget deficit.
|
|
The primary budget deficit excludes the expenditure to pay interest on the government's debt.
|
|
The federal budget, deficit, and government employee base is near an all-time high.
|
|
Brazil targets a budget deficit of 139 billion reais this year before interest payments.
|
|
Trump's soothing assurances about the budget deficit also have been belied by the facts.
|
|
Italy undertook to trim its nominal budget deficit from 2.4% of GDP to 2%.
|
|
Although the debt is daunting — the annual federal budget deficit is even more alarming.
|
|
As the economy recovered, the administration supported tax increases to shrink the budget deficit.
|
|
And CBO said the budget deficit would be reduced by $338 billion by 2027.
|
|
Last year, Beijing set a 2016 budget deficit target of 3 percent of GDP.
|
|
At the same time, 35 percent expect it will substantially increase the budget deficit.
|
|
The U.S. Treasury is issuing debt in unparalleled amounts to cover the budget deficit.
|
|
That shortfall, the budget deficit, will continue to be covered by increased federal borrowing.
|
|
That could result in a yawning budget deficit and inflation spiraling out of control.
|
|
Baghdad has projected a budget deficit of 24 trillion dinars ($20.41 billion) for 2016.
|
|
The explosion of the budget deficit isn't just a result of that tax cut.
|
|
France's budget deficit is now expected to reach 3.4 percent of G.D.P. next year.
|
|
FTMIB rose 0.7% with data showing that 2019 budget deficit was smaller than forecast.
|
|
Germany's debt brake allows a federal budget deficit of up to 0.35% of GDP.
|
|
S.KOREA SEES 2020 BUDGET DEFICIT AT 3.6% OF GDP, BIGGEST SINCE 2009 - FINANCE MINISTRY
|
|
This is because of the huge US budget deficit, now around 4% of GDP.
|
|
The federal government's budget deficit grew to $779 billion in the 2018 fiscal year.
|
|
The heart of the state budget deficit stems from the state's overspending on Medicaid.
|
|
Portugal's budget deficit was 2323% of GDP at end-28414, while Spain's was 5.1%.
|
|
In fact, the US budget deficit has grown by 50% since Trump took office.
|
|
The Congressional Budget Office estimates the 2019 fiscal budget deficit will be $960 billion.
|
|
The stagnating economy is expected to move the budget deficit toward 3% of GDP.
|
|
Asked about Italy's plans to increase its budget deficit, Rehn called the development "worrisome".
|
|
"They were blaming public employees and their pensions for the budget deficit," Tulchin said.
|
|
Even New York is "facing a very significant budget deficit" right now, David said.
|
|
The government hopes the sales will help reduce its budget deficit and promote competition.
|
|
The government's primary budget deficit target is set at 124.1 billion reais ($29.6 billion).
|
|
That could well mean the Big Six plan would balloon the federal budget deficit.
|
|
They don't care, on any level, about the size of the federal budget deficit.
|
|
The total public sector budget deficit now stands at about 5 percent of GDP, the primary budget deficit (deficit before interest charges on public debt) is 1.5 percent of GDP, and the public debt is rapidly increasing well beyond 115 percent of GDP.
|
|
Look at these elitists, in France 3.4% budget deficit berating Italy for being at 2.4%?
|
|
Assets sales are a major plank of the government's efforts to contain its budget deficit.
|
|
Its public finances were a mess: the budget deficit was 7.9% of GDP (see chart).
|
|
The budget deficit grew by 17% from the previous year, thanks to Trump's tax cuts.
|
|
Ratings agencies have warned of a possible downgrade if the budget deficit is too large.
|
|
The news has renewed concerns that Italy will breach EU rules on its budget deficit.
|
|
The government planned a general budget deficit for this year of 0.5 percent of GDP.
|
|
Generous subsidies on public transport and utilities pushed the budget deficit to 5.4% in 2015.
|
|
ITALIAN DEPUTY PM SALVINI SAYS NOT READY TO GIVE ANY BUDGET DEFICIT COMMITMENTS FOR 2020
|
|
The Congressional Budget Office projects that the budget deficit for 2016 will be $544 billion.
|
|
Next year's budget deficit to gross domestic product ratio is expected to be 1.9 percent.
|
|
Mr Santos's decision to raise VAT kept its ballooning budget deficit from expanding still further.
|
|
The budget deficit in 2011 was $1.3 trillion; the estimate for 2016 is $615 billion.
|
|
The budget deficit is 4% of GDP and public debt has ballooned to over 50%.
|
|
The money is necessary for covering Russia's budget deficit, the ministry said in a statement.
|
|
He also said the budget deficit to GDP ratio stood at 1.9 percent in 2018.
|
|
Plus, the US budget deficit rose by $44 billion, more than offsetting the tariff increase.
|
|
The narrowing budget deficit is attributed to an improved capital balance following cuts to capex.
|
|
Likewise on the budget deficit, the root cause of Labour's electoral defeat only last year.
|
|
A lower debt rating could mean higher funding costs and thus a bigger budget deficit.
|
|
A tax bill that enlarges an already worrisome long-term budget deficit is bad enough.
|
|
The budget deficit is likely to balloon despite some help from the sovereign wealth fund.
|
|
Mr Macri has so far taken a cautious approach to bringing down the budget deficit.
|
|
He said that last year's budget deficit was around 2.6 percent of gross domestic product.
|
|
The privatization of Eletrobras is a vital step to help reduce Brazil's wide budget deficit.
|
|
His government targets a budget deficit worth 2.4 percent of gross domestic product this year.
|
|
Deputy Prime Minister Luigi Di Maio reiterated Italy would not change its budget deficit targets.
|
|
Similar to Kansas, West Virginia faces a budget deficit due to ill-advised tax cuts.
|
|
The figures assume that Oman will continue running a state budget deficit throughout the plan.
|
|
Increased spending on infrastructure could spur growth and expand the budget deficit, market participants say.
|
|
Government data showed Sri Lanka's budget deficit was at 6 percent of GDP for 2015.
|
|
Oman posted a larger than expected budget deficit in 123, at almost 16% of GDP.
|
|
But another 40 percent say that reducing the federal budget deficit should be given priority.
|
|
Federal aid will barely dent this year's state budget deficit, projected at 19 billion reais.
|
|
Even this unacceptably high budget deficit was in fact $2628 billion lower than previous estimates.
|
|
The U.K. budget deficit has shrunk to its smallest level in more than 10 years.
|
|
His main macroeconomic decision has been to reduce the budget deficit gradually rather than abruptly.
|
|
Corker originally opposed the tax bill because of its impact on the federal budget deficit.
|
|
Brazil is targeting a budget deficit of 139 billion reais this year before interest payments.
|
|
The 2015 budget deficit widened to 443% of GDP from 7.2% of GDP in 2014.
|
|
"A significant slowdown would doubtless put great pressure on controlling the (budget) deficit," said Brinca.
|
|
In her conception, meeting public needs deserves a much higher priority than the budget deficit.
|
|
In addition, policies to keep a lid on the budget deficit have limited government spending.
|
|
The initial stimulus would have little impact on the current and dynamic budget deficit estimates.
|
|
In these circumstances the norm should be a small budget deficit, or even a surplus.
|
|
Jerry Brown returned to office in 2011, he faced a budget deficit of $27 billion.
|
|
It is the national debt of the United States, not the annual federal budget deficit.
|
|
They see the budget deficit, but they're missing the matching surplus on the other side.
|
|
The Congressional Budget Office projects that the budget deficit will reach $1 trillion in 2020.
|
|
The budget deficit is seen at 2.2 percent of GDP compared with 2.6 percent initially.
|
|
The SPR was used during the Clinton administration in order to reduce the budget deficit.
|
|
Temer had made tackling Brazil's hefty budget deficit a priority for his centre-right administration.
|
|
It's not that voters don't understand that the federal government is running a budget deficit.
|
|
Some of Mr. Temer's economic plans don't even have to do with the budget deficit.
|
|
Tax cuts resulting in a huge budget deficit, leading to cuts in safety net programs.
|
|
His tiny East Coast state was in crisis, heading toward an $0003 million budget deficit.
|
|
I'm less concerned about the trade deficit, honestly, than I am about the budget deficit.
|
|
However, he said he does not think the 2019 budget deficit target should be changed.
|
|
Tax cuts generally fail to pay for themselves and cause the budget deficit to increase.
|
|
The Democratic objections that Reagan's program would excessively balloon the budget deficit also made sense.
|
|
Last year, it managed to reduce the budget deficit to below 3 percent of GDP, the EU ceiling, for the first time in seven years, and Erman said she was determined to keep reducing the budget deficit and national debt in line with EU rules.
|
|
As a result, the pace of decline in the government's budget deficit will slow next year.
|
|
The subsidy cuts are part of President Mauricio Macri's efforts to close a wide budget deficit.
|
|
The Sultan ran a budget deficit of 210% of GDP in 2015 and 21% in 2016.
|
|
The 2016 target for budget deficit reduction agreed with the International Monetary Fund was 5.0 percent.
|
|
The CBO estimated it would decrease the budget deficit by $321 billion between 2017 and 2026.
|
|
Its school district is projecting a budget deficit of up to $55 million in fiscal 2017.
|
|
The European Commission limits the budget deficit of EU member states to 3 percent of GDP.
|
|
We are a debtor nation — that's what the existence of the widely discussed budget deficit means.
|
|
The budget deficit is on track to exceed $800 billion this year despite a strong economy.
|
|
However, the Spanish economy is still struggling with a budget deficit and high levels of unemployment.
|
|
Some 78 percent of the economists surveyed believe those policies will widen the federal budget deficit.
|
|
On September 103th the Italian cabinet approved a budget deficit for 210 of 25% of GDP.
|
|
Brazil is targeting an annual primary budget deficit of 159 billion reais for 2017 and 2018.
|
|
Updated: This story was updated to reflect that Alaska now has a $4.1 billion budget deficit.
|
|
Republicans worry more about the budget deficit, with 10 percent calling it the most important issue.
|
|
Confidence in the dollar has also been shaken by mounting worries over the U.S. budget deficit.
|
|
That will add billions to this year's budget deficit, already projected to reach 12% of GDP.
|
|
With a budget deficit likely to exceed 12% this year, the government desperately needs the cash.
|
|
Trump's plans call for new infrastructure and massive tax cuts could boost the U.S. budget deficit.
|
|
Sudan has been rapidly expanding its money supply in an attempt to finance its budget deficit.
|
|
The budget deficit rose from 0.2% of GDP in 19983 to 2.7% of GDP in 1968.
|
|
The economy is slowing, and Madrid has a long history of overshooting its budget deficit forecasts.
|
|
Milan's main index rose 0.7% with data showing that 2019 budget deficit was smaller than forecast.
|
|
His government has trimmed subsidies for electricity, transport and other services to reduce the budget deficit.
|
|
EUROPEAN OFFICIALS have threatened a substantial fine if Italy doesn't shrink its debt and budget deficit.
|
|
Both inflation, at 7%, and the budget deficit excluding interest payments, at 3.5%, are too high.
|
|
Go deeper: The rise and fall and rise of the budget deficit Debt is suddenly hot
|
|
The budget deficit for 1.82023 was 21.8202 billion levs ($21 billion), or 21.8190 percent of GDP.
|
|
Earlier this month, the province forecast a budget deficit of C$10.4 billion this fiscal year.
|
|
The austerity measures aim to bring a gaping budget deficit under control and restore investor confidence.
|
|
Without privatization the budget deficit would hit 3.7 percent of GDP in 2019, government officials said.
|
|
Republicans like to make the budget deficit a moral question about the hazards of unsustainable debt.
|
|
That means the massive budget deficit will be a problem that won't get resolved anytime soon.
|
|
Chicago continues to struggle with a structural budget deficit and a $20 billion unfunded pension liability.
|
|
Here's what we're watching: • The federal budget deficit is projected to top $1 trillion in 33.
|
|
Low oil prices left the kingdom with a budget deficit of 15% of GDP last year.
|
|
The massive budget deficit, which the Central Bank finances by printing money, contributes to that risk.
|
|
He did not, however, mention pension reform, his biggest challenge to controlling a gaping budget deficit.
|
|
The country's 2018 budget deficit accounted for around 2.6 percent of GDP, according to official figures.
|
|
Despite its wage bill, the government expects the budget deficit to fall to 3.9% this year.
|
|
This bill, however, has to be revenue neutral, meaning it cannot add to the budget deficit.
|
|
Hammond has already dropped Osborne's plan to turn Britain's budget deficit into a surplus by 2020.
|
|
Finance Minister Henrique Meirelles called the overhaul essential to bringing a huge budget deficit under control.
|
|
She faces charges of using accounting trickery to hide the true size of the budget deficit.
|
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Partly because of such largesse, the budget deficit was a worrying 5.4% of GDP last year.
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Inflation and unemployment hover around 10%; so, as a proportion of GDP, does the budget deficit.
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To begin mending the economy, Mr Meirelles needs most urgently to tackle the vast budget deficit.
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The government is trying to boost tax collection to help to close a yawning budget deficit.
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Moreover, you can increase the federal budget deficit, although this time by only about $13 billion.
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The budget deficit is expected to reach 13 billion Egyptian pounds ($23.84 billion) in 2019-20.
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We focused on a balanced budget, deficit reduction, welfare reform, and standing up for traditional values.
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Schumer directly attacked Mnuchin's claims the Republican tax reform plan will reduce the country's budget deficit.
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And it would set aside $585 million, which can't be spent until there's no budget deficit.
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Yet the dramatic decline in the price of crude has forced Riyadh into a budget deficit.
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This will increase the annual federal budget deficit, which is already at almost a trillion dollars.
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Some conservatives in Congress have expressed concern about any plan that would increase the budget deficit.
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The combination would be designed to add to zero, neither raising nor lowering the budget deficit.
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Temer's main proposal for reducing Brazil's gaping budget deficit is reform of the costly pension system.
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Nigeria wants to raise about $5 billion abroad to cover part of its 2016 budget deficit.
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He said those countries were actually increasing their nominal budget deficit, despite the economic good times.
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The projected budget deficit was wider than what economists had projected and the highest since 2009.
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The Congressional Budget Office recently predicted the annual budget deficit would top $1 trillion in 2020.
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Purposely increasing the budget deficit to stimulate aggregate demand is a textbook technique to stimulate growth.
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If enacted, this tax law would cause the budget deficit to increase by roughly $2 trillion.
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The purchase saves the M.T.A. some money, but certainly not enough to cover its budget deficit.
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She said Europe needed to be more flexible with its strict stability pact budget deficit rules.
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Because Trump's proposal to pay for his plan without increasing the budget deficit doesn't add up.
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It projects a budget deficit of 469 billion baht, up 4.2% from the 2019 fiscal year.
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The Treasury projects that the budget deficit will shrink to 5.7% of GDP in 2020/21.
|
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The Treasury Department said last week that the federal budget deficit surpassed $1 trillion in 2019.
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The Treasury Department said last week that the federal budget deficit surpassed $1 trillion in 2019.
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Moreover, a wider budget deficit means the Treasury has had to issue more bills and bonds.
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But most experts agree that they could raise the federal budget deficit by trillions of dollars.
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Which brings me to another first-term parallel between Obama and Trump: a skyrocketing budget deficit.
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The United States also had by far the largest budget deficit of any of those countries.
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More importantly, the large increase in the U.S. budget deficit since 2016 has reduced domestic saving.
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Gualtieri reiterated that the budget deficit for 2019 would probably come below the government's official target.
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The budget deficit is unusual for Hong Kong, which typically keeps a balanced or surplus budget.
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He would also not touch the largest drivers of the budget deficit, Medicare and Social Security.
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It started with a budget resolution with a nearly $8 trillion budget deficit over 10 years.
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In 2010, the state budget deficit was $800 million; as of this July, it was zero.
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Brazil plans to cut its budget deficit to 139 billion reais this year before interest payments.
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In many EU countries, the shadow economy is large enough to cover the annual budget deficit.
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CPS is struggling with a $1.1 billion structural budget deficit caused largely by escalating pension payments.
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Oman posted a budget deficit of 1.545 billion Omani rial ($4 billion) in January to September.
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Prime Minister Giuseppe Conte has said there's not yet a precise figure for the budget deficit.
|
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In 2019, the government forecasts the year-end budget deficit to be at 80.6 billion lira.
|
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Higher interest on reserves rates will increase the Fed's interest expense and the federal budget deficit.
|
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The unfunded U.S. tax cut is bound to increase the budget deficit and reduce public savings.
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It is facing a budget deficit that could bring an early end to the school year.
|
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Trump's proposed cuts, Wallace demonstrated, added up to less than one-fifth of the budget deficit.
|
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They agree on the need to restore judicial independence, strengthen human rights and curb the budget deficit.
|
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Consumer and small business confidence is up — but so are both the national debt and budget deficit.
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The bond would help Nigeria fund its budget deficit for 2018 and other financing needs, it said.
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The bloc's aggregated budget deficit also dropped to 0.5 percent of GDP from 1.0 percent in 2017.
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"Remember, the government has a continuous need for money to help fund its budget deficit," he said.
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Both agencies have warned of future downgrades if Illinois' big pension problem and structural budget deficit worsen.
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To help narrow a yawning budget deficit, Mr Ramaphosa's government increased value-added tax earlier this year.
|
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Italy's weak economy and concern about a growing budget deficit have raised worries about Italy's ratings outlook.
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Bobby Jindal driving up the state budget deficit and provided the political environment for Edwards to win.
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But most of all, Brazilians are enraged by Rousseff's efforts to hide a $35 billion budget deficit.
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Bobby Jindal driving up the state budget deficit and providing the political environment for Edwards to win.
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The government targets a budget deficit of 139 billion reais ($44.1 billion) this year before interest payments.
|
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A self-described pragmatist, she talks about the need to strengthen Obamacare and cut the budget deficit.
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In that year the budget deficit (spending minus tax) was 103% of GDP, the biggest since 210.
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But Hungary still has a current account surplus and plans to halve its budget deficit next year.
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Opinion Columnist So the federal budget deficit just hit $1 trillion (actually $984 billion, but close enough).
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Indonesia is eager to ramp up tax collection to reduce its budget deficit and fund infrastructure programs.
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ITALY IN FOCUS The report also renewed investor focus on Italy's economic outlook, particularly its budget deficit.
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The country depends on donors such as the International Monetary Fund to help plug its budget deficit.
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With this in mind, and with a budget deficit to make up, the government is clamping down.
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What needs to happen is inflation needs to fall, and...the budget deficit and current account deficit.
|
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However, the budget deficit is expected to fall back to 3.1 percent, from 7.2 percent in 2015.
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The aim was to plug a budget deficit forecast to hit almost 5% of GDP this year.
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And a budget deficit that was left over from the global financial crisis has largely been tamed.
|
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It could certainly use the money to plug a budget deficit of 5.9% of GDP this year.
|
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Mr Moreno is under pressure to reduce the budget deficit, which reached 5.9% of GDP last year.
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The economy hits a financial constraint: sometimes it is the budget deficit; more often the trade deficit.
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And, he pointed out, its budget deficit was below the EU's ceiling of 3 percent of GDP.
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Georgiou's troubles began in 2013 after a former ELSTAT employee claimed Georgiou had inflated budget deficit figures.
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Pension reform is the cornerstone policy in Temer's efforts to bring a bulging budget deficit under control.
|
|
She also highlighted the risk of a growing budget deficit amid discussions of a flexible fiscal target.
|
|
The budget deficit is seen rising to 4.2 percent in the next two years, the Treasury said.
|
|
The state's unpaid bills, a barometer of its chronic structural budget deficit, totaled $10.9 billion on Thursday.
|
|
Nigeria issues Treasury bills to fund its budget deficit, manage banking system liquidity and curb rising inflation.
|
|
Gundlach projects the U.S. federal budget deficit to rise to over $1.2 trillion - $1.3 trillion in 2019.
|
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The government is aiming for a budget deficit of 139 billion reais this year before interest payments.
|
|
The sale is a part of a government privatization drive aimed at narrowing the state budget deficit.
|
|
Eroding his plans for cutting the budget deficit, Muhammad bin Salman is reinforcing his forces inside Yemen.
|
|
Saudi Arabia's stockmarkets fell sharply after it announced swingeing spending cuts to close a gaping budget deficit.
|
|
And Ms Rousseff, accused of hiding the size of the budget deficit, faces impeachment proceedings in Congress.
|
|
Nigeria issues treasury bills to fund its budget deficit, manage banking system liquidity and curb rising inflation.
|
|
For instance, it is unclear if Trump would support a plan that adds to the budget deficit.
|
|
A surge in the budget deficit after years of heavy spending cost Brazil its investment-grade rating.
|
|
"There is no longer any question of using monetary means to finance the budget deficit," Mutombo said.
|
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Ms Rousseff is accused of using accounting trickery to hide the true size of the budget deficit.
|
|
The rest will pay for government spending, reducing the need for inflationary financing of the budget deficit.
|
|
CPS is struggling with a $1.1 billion structural budget deficit caused largely by escalating annual pension payments.
|
|
The claim that more government spending can actually reduce the budget deficit, by boosting AD and growth.
|
|
To keep confidence alive, Mr Temer must reduce the budget deficit, now an alarming 10% of GDP.
|
|
Fifty-seven percent think economic growth should be a priority, even if the federal budget deficit grows.
|
|
That is likely to increase the budget deficit by about $1 trillion (£0.8 trillion) over a decade.
|
|
Higher interest rates will also increase the federal budget deficit, which will send interest rates higher still.
|
|
The sale is a part of a government privatisation drive aimed at narrowing the state budget deficit.
|
|
The budget deficit for 2019 is estimated at 1.86 trillion naira ($6.1 bln), according to the plan.
|
|
The government recorded a budget deficit of more than 10 percent of gross domestic product last year.
|
|
Among those, some Republicans have already expressed concerns about the potential budget deficit generated by the plan.
|
|
"Floods could also pressure the overall GDP and government budget deficit with high infrastructure spending," he said.
|
|
But subsidy cuts will squeeze the budget deficit, which should help lower inflation in the longer run.
|
|
Berlusconi says Italy should respect the EU's budget deficit ceiling of 3 percent of gross domestic product.
|
|
The budget deficit is expected at 708 million dinars in 2019 and 613 million dinars in 2020.
|
|
Both parties have said they are ready to override EU budget deficit restrictions to help boost growth.
|
|
Portugal's budget deficit is set to reach its lowest level in the country's democratic history this year.
|
|
Critics have said the tax plan's benefits skew toward the wealthy and will increase the budget deficit.
|
|
Earlier this year, the museum offered buyouts to staff members in the face of a budget deficit.
|
|
That could put a hole in the budget deficit, even after economic growth is taken into account.
|
|
"It will challenge the government's ability to implement measures aimed at curbing the budget deficit," says Moody's.
|
|
Many Republicans say increased tax revenues brought by economic growth will help to offset any budget deficit.
|
|
Cuba's budget deficit reached 8 billion pesos last year, nearly 9 percent of its GDP, Vidal said.
|
|
The budget deficit exacerbates the trade deficit by attracting a large flow of funds from other countries.
|
|
Cutting the budget deficit was the Conservatives' main economic policy after they came to power in 2010.
|
|
That, of course, made the Italian budget deficit even bigger, making the country's debt problems even worse.
|
|
The budget deficit in the 2018/2019 fiscal year was slightly below an official forecast of 8.4%.
|
|
The alternative to running a large budget deficit during a major military conflict is substantially raising taxes.
|
|
On the domestic front, Mr. Bush was ready to negotiate a deal on the growing budget deficit.
|
|
"We had a $2 billion budget deficit and have to balance the budget every year," she said.
|
|
The spending cuts have dropped the budget deficit to a manageable 22 percent of annual economic output.
|
|
For this fiscal year, the Congressional Budget Office projects the federal budget deficit will be $200 billion.
|
|
But she said Europe needed to be more flexible with its strict stability pact budget deficit rules.
|
|
When you print money and run a budget deficit, you could end up with stagflation, said Roubini.
|
|
"It will support growth, the budget deficit, the manufacturing sector and the stock market performance," she said.
|
|
S.KOREA SEES 2020 T-BOND SALES TO FUND BUDGET DEFICIT AT RECORD 60.2 TRLN WON - FINANCE MINISTRY
|
|
Germany's debt brake allows a federal budget deficit of up to 0.35% of gross domestic product (GDP).
|
|
Closing the loophole may promote fairness, but it wouldn't do much to help the overall budget deficit.
|
|
The Treasury Department said on Friday that the budget deficit for the fiscal year that ended Sept.
|
|
But they don't want to pay for it, which means the budget deficit is going to rise.
|
|
One other notable shift: the federal budget deficit has risen sharply from the levels Obama handed him.
|
|
The country's 2019 primary budget deficit is forecast at about 70 billion reais ($16.91 billion), he said.
|
|
We forecast that the 2018 central budget deficit will widen to the target of 2.9% of GDP.
|
|
Indonesia is eager to ramp up tax collection to reduce its budget deficit and fund infrastructure programmes.
|
|
But many Republicans may balk at a big spending program that adds to the federal budget deficit.
|
|
The ONS also said Britain narrowed its budget deficit by more than anticipated to 7.2 billion pounds.
|
|
Israel posted a budget deficit of 22.9% of GDP in 20.3, above an initial target of 22.9%.
|
|
U.S. budget deficit had smashed the $1 trillion mark in August, hitting the highest in seven years.
|
|
Running up the already excessive budget deficit and debt is not the answer to any economic problem.
|
|
Kansas is already struggling with a structural budget deficit largely due to tax cuts enacted in 2012.
|
|
European fiscal rules dictate that countries do not present an annual budget deficit higher than 3 percent.
|
|
France, along with Spain, Greece, Britain, will continue to face disciplinary procedures for its excessive budget deficit.
|
|
The bloc's aggregated budget deficit also dropped to 102.5.4 percent of GDP from 22017 percent in 2.53.
|
|
"If this year, the budget deficit was estimated at around 12 percent," said Cuban economist Omar Everleny.
|
|
The legislation is supposed to be revenue-neutral in five years to avoid straining the budget deficit.
|
|
China has limited its budget deficit to about 3 percent of economic output, a modest fiscal stimulus.
|
|
The country is also expecting a budget deficit of 2.6 percent of gross domestic product this year.
|
|
What Reagan did do, however, was blow up the budget deficit with military spending and tax cuts.
|
|
The Treasury Department this week reported a 2018 budget deficit of $779 billion, the highest since 2012.
|
|
Well, by increasing the budget deficit, that cut probably gave the economy some stimulus, temporarily raising growth.
|
|
The ministry said its 2016 national fiscal budget deficit will come in at 2.18 trillion yuan ($335.04 billion).
|
|
Meanwhile, tax increases and spending cuts shrank the budget deficit from 2019% in 2012 to 4.3% last year.
|
|
With Canada's second-highest public debt per person and a growing budget deficit, Ontario can ill afford that.
|
|
"If U.S. tax reform is approved, it seems certain to increase the federal budget deficit," Kraemer told Reuters.
|
|
It's common in economic analysis to assume that the long-run budget deficit a government runs is $0.
|
|
The current anti-establishment government had envisaged raising the budget deficit to 2.4 percent of GDP this year.
|
|
The budget deficit for 2019 will now be 4.2 percent of GDP, according to the government's statement Tuesday.
|
|
The U.S. is currently running a budget deficit of $559 billion, with the national debt approaching $20 trillion.
|
|
It is not a budget deficit like we have over in Congress they can&apost do anything about.
|
|
That loan was intended to rein in a budget deficit that threatened the country's fiscal and monetary stability.
|
|
At the time, S&P justified its downgrade on concerns over the rising budget deficit and debt burden.
|
|
Indonesia is eager to ramp up tax collection to reduce its budget deficit and fund an infrastructure program.
|
|
However, yields on both types of bonds have risen since Italy delivered its budget deficit proposal last week.
|
|
Given its colossal budget deficit, expected to hit 22% of GDP this year, that would come in handy.
|
|
It has trimmed the budget deficit, partly by broadening the tax take and partly by cutting energy subsidies.
|
|
Every Republican president since Reagan has left office with a budget deficit higher than the one he inherited.
|
|
With a budget deficit that is likely to exceed 11% this year, the government badly needs the cash.
|
|
Concerns about rising consumer prices and a bigger U.S. budget deficit sparked a selloff in fixed income markets.
|
|
The Saudi kingdom is staring at a growing budget deficit and facing the specter of an economic recession.
|
|
The country recorded an overall budget deficit, which includes debt interest payments, of 54 billion reais in February.
|
|
And with interest rates objectively low, there's no real problem with increasing the budget deficit by some amount.
|
|
Russia also plans to sell a minority stake of 19.5 percent in Rosneft to reduce its budget deficit.
|
|
To contain the budget deficit, he will need to couple that with higher taxes charged on personal income.
|
|
Macron unveiled more than 10 billion euros in concessions in December to protesters, blowing out France's budget deficit.
|
|
The finance officials, speaking to reporters on Wednesday, did not report the size of the 2018 budget deficit.
|
|
Demands for more government payouts will make it harder for Netanyahu to rein in a growing budget deficit.
|
|
They promise to freeze prices of energy and transport and raise pensions, which would increase the budget deficit.
|
|
China's augmented budget deficit has narrowed by about six percentage points of GDP since the beginning of 2017.
|
|
Dilma Rousseff, a PT president, was impeached in 2016 for hiding the true size of the budget deficit.
|
|
The floods could also pressure the overall GDP and government budget deficit with high infrastructure spending, dealers said.
|
|
Delayed price increases for public services risk widening the budget deficit beyond the limit set by the IMF.
|
|
He has cut fuel subsidies and introduced a value-added tax in order to trim the budget deficit.
|
|
They said the market was coming around to the view that Italy's budget deficit will not be excessive.
|
|
The government has set a budget deficit target of 2.04 percent of gross domestic product (GDP) this year.
|
|
His main concerns within a year include a larger budget deficit against the backdrop of rising interest rates.
|
|
The budget deficit has exploded on his watch, and given the background economic conditions, that's been totally benign.
|
|
It's important to remind folks where we were seven years ago: 12.4 percent unemployment, $27 billion budget deficit.
|
|
Prime Minister Saad al-Hariri has said the government would work to further reduce the 2020 budget deficit.
|
|
But the budget deficit still widened to 2.8% of GDP, perilously close to the legal limit of 3%.
|
|
The government expects a budget deficit of 4.5% of GDP for the fiscal year that began April 1.
|
|
Saudi Arabia is preparing to start issuing sovereign international bonds this year to help cover its budget deficit.
|
|
It hopes to earn billions of dollars to cover a state budget deficit caused by low oil prices.
|
|
The budget deficit widened in 2015 to an estimated 8.2% of GDP, due to sharply lower oil prices.
|
|
The fundraising exercises are needed to cover a large budget deficit projected at 200 billion riyals for 2017.
|
|
He has vowed to fast-track reform of Brazil's costly pension system, blamed for the growing budget deficit.
|
|
Even after initial budget cuts last year, Saudi Arabia recorded a whopping budget deficit of 210% of GDP.
|
|
Tria said that the government had no plans to adopt corrective measures to rein in the budget deficit.
|
|
At the same time, it covered part of a huge budget deficit by issuing bonds to the banks.
|
|
A surge in its budget deficit after years of heavy spending has cost Brazil its investment-grade rating.
|
|
Last year, China set a budget deficit goal of 2.6 percent and a CPI target at 3 percent.
|
|
The rand was treading water after data showed South Africa's budget deficit widened year-on-year in January.
|
|
With a budget deficit of 10.7% of GDP, the government cannot afford to recapitalise the state-owned banks.
|
|
Siluanov reiterated that the ministry envisages a budget deficit of 3 percent of gross domestic product in 2017.
|
|
Portugal has since returned to economic growth and cut its budget deficit to below the -European Union threshold.
|
|
Conditions could be further constrained should a push for austerity occur as the budget deficit begins to swell.
|
|
The floods could hurt overall economic growth and also widen the government's budget deficit with high infrastructure spending.
|
|
Moreover we found essentially no correlation between the amount of money going towards earmarks and the budget deficit.
|
|
The state may have to delay paying some bills or take other steps to avoid a budget deficit.
|
|
The budget deficit this year is expected to exceed 19 billion reais ($5.6 billion), a third of revenue.
|
|
The kingdom estimates it will have a budget deficit of 4.2 percent of gross domestic product in 2019.
|
|
Repealing ObamaCare would increase the budget deficit by $350 billion over 10 years, according to a new study.
|
|
Increasing the budget deficit now by having an unfunded tax cut would go in precisely the wrong direction.
|
|
SO ON THE ONE HAND WE HAD THIS MASSIVE BUDGET DEFICIT THAT THE ADMINISTRATION AND CONGRESS HAS ENGINEERED.
|
|
Russia's government is hoping to keep the budget deficit within 3 percent of gross domestic product in 2016.
|
|
The tax cuts will have large effects on the budget deficit and negative effects for low-income Americans.
|
|
The government ran its largest budget deficit in six years during the fiscal year that ended in September.
|
|
This was the priority of a county that has a nearly $28503 million budget deficit and underpaid teachers.
|
|
The 2018 budget was 55.7 billion euros ($66 billion) with a budget deficit target of 2.96 billion euros.
|
|
There have been prolonged concerns over the kingdom's financial stability, in particular its budget deficit and debt level.
|
|
Last month, the Treasury Department announced that the federal budget deficit swelled to nearly $1 trillion this year.
|
|
In April, the Congressional Budget Office reported the U.S. annual budget deficit will reach $2628 trillion by 28503.
|
|
Beijing holds $1.17 trillion in Treasury bonds, according to official stats, helping to finance the growing budget deficit.
|
|
Ncube previously promised to cut the budget deficit this year to 5% of GDP from 11% in 2018.
|
|
As written, the bill would widen the U.S. budget deficit by an estimated $1.4 trillion over 10 years.
|
|
Economists polled by Reuters expected a budget deficit of 3.9 percent for the year that began in March.
|
|
He said Kiev had reduced its budget deficit and inflation, and had taken important steps to reduce corruption.
|
|
The heavy budget deficit Reagan had left promised to complicate anything the new president might want to do.
|
|
"The trade deficit and budget deficit are inherently related," said Diane Swonk, the chief economist at Grant Thornton.
|
|
Hong Kong unveiled a record budget deficit on Wednesday, pledging cash handouts to residents and business tax breaks.
|
|
Hong Kong unveiled a record budget deficit on Wednesday, pledging cash handouts to residents and business tax breaks.
|
|
That's why the federal budget -- deficit is -- right now, the debt is $2250 trillion, going up to 403.
|
|
Britain's budget deficit would stop falling and would rise under a no-deal scenario, according to its forecasts.
|
|
Brazil's budget deficit has ballooned to around 10 percent of the GDP from nearly 3 percent in 2013.
|
|
Economists had expected the budget deficit target to be set at 3.2 percent, according to a Reuters poll.
|
|
Riyadh has been liquidating some assets to cover a big state budget deficit caused by low oil prices.
|
|
As a result, the government would add $2.3 billion to its current budget deficit from such a decision.
|
|
Even with the cuts, the budget deficit will reach 6.8% of gross domestic product (GDP) next fiscal year.
|
|
But the Met had difficulty securing lead donors for the project and then confronted a looming budget deficit.
|
|
TV. The Treasury Department has estimated that the U.S. budget deficit will surpass $1 trillion in fiscal 2020.
|
|
A swelling budget deficit, then, will only be tolerated by the jittery fixed income market for so long.
|
|
JIM CRAMER: But at the same time, you have never been a fan of a gigantic budget deficit.
|
|
The Italian government, meanwhile, might decide to be equally demanding about securing leeway to increase its budget deficit.
|
|
The federal budget deficit is on track to breach $1 trillion this year, according to Moody's Analytics projections.
|
|
"A 2.5 percent (budget deficit) is a target and we will definitely stay within that target," she said.
|
|
Tax cuts for the rich are likely to send asset prices even higher while worsening the budget deficit.
|
|
BUT WHAT ISN'T THE CASE IS THE LONGER TERM OUTLOOK FOR THE BUDGET DEFICIT, WHICH IS DOWNRIGHT SCARY.
|
|
This year, slowing economic growth and shrinking exports have further hit the government's revenue, pressuring the budget deficit.
|
|
But he said taxes on the rich must rise to reduce the federal budget deficit, among other priorities.
|
|
An earlier version of this article misstated the size of the budget deficit that accompanied the tax cut.
|
|
He also expected the budget deficit to widen by 2.9 billion dinars to 6.5 billion dinars by year-end.
|
|
Additional spending is set to increase the budget deficit to 1.548 trillion tenge ($4.8 billion) from 578.1 billion tenge.
|
|
The government has been raising wages and gaining popularity and yet delivering the lowest budget deficit in living memory.
|
|
The source said Russia's budget deficit would total 1.2 to 1.3 trillion roubles ($19.51 billion) at current oil prices.
|
|
He says he will relax the so-called fiscal rule, which obliges the government to reduce the budget deficit.
|
|
The coalition is struggling to reconcile demands for public sector wage and pension hikes with reducing the budget deficit.
|
|
Concerns about weak economic growth and a rising budget deficit are again putting upward pressure on Italy's borrowing costs.
|
|
Egypt's economy is currently growing at around 4.2 percent with a budget deficit of about 11.5 percent, Ismail said.
|
|
On Tuesday, the ONS reported the year-to-date budget deficit at 40.3 billion pounds, excluding public-sector banks.
|
|
He wants to slash the budget deficit, reform taxes and the unaffordable pension system, deregulate and privatise state enterprise.
|
|
EU finance ministers backed sanctions on Spain and Portugal for breaching European rules on budget deficit targets on Tuesday.
|
|
Last year, Portugal reported a budget deficit of 21970 percent of GDP - its lowest mark since at least 1975.
|
|
The proceeds from the bonds are being used to help fill a budget deficit caused by low oil prices.
|
|
And in his Autumn Statement Philip Hammond, the chancellor, softened previous plans to cut the budget deficit by 2020.
|
|
Others don't buy that argument, because Treasury rates remain low and the massive budget deficit has been well anticipated.
|
|
The pension reform is crucial to Temer's attempts to plug Brazil's budget deficit and reduce the bloated pension system.
|
|
In the depths of last year's crisis, the government announced a target budget deficit-to-GDP ratio of 1.9%.
|
|
But, according to several analysts, this strategy is set to increase inflation as well as the U.S. budget deficit.
|
|
Since winning power in 2010, the Conservatives have prioritized cutting Britain's budget deficit, which ballooned after the financial crisis.
|
|
Next year's budget deficit is projected to rise slightly to 2.4 percent of GDP from 2 percent this year.
|
|
I've talked about this repeatedly over the last couple of years we had a budget deficit in the states.
|
|
That saddled the kingdom with an annual budget deficit near $264 billion and strengthened the case for radical changes.
|
|
The Brooklyn Museum offered voluntary buyouts to its employees in a bid to tackle its $3 million budget deficit.
|
|
In bad times the scope for fiscal stimulus in America would be limited by an already large budget deficit.
|
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It is trying to cut the budget deficit, which was 4.6% of GDP last year before debt-service payments.
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Earlier, the finance ministry had said it wanted to reduce the budget deficit to zero within a few years.
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The North African country is under pressure from foreign donors to increase tax revenues to cut a budget deficit.
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He says they will get Brazil's budget deficit under control, rein in inflation, and get the economy growing again.
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Boosting the budget deficit to 5% of GDP in 2019 will, other things being equal, widen the trade gap.
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At roughly 4.5 percent of GDP in 2016, Spain already has the highest budget deficit in the euro zone.
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Li said China has cut its budget deficit target to 26.3 percent of GDP from 22050 percent in 23.
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Facing a multibillion budget deficit, Alaska has begun paring back those incentives, and further reform is on the table.
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Indonesia is eager to ramp up tax collection to narrow its budget deficit and fund an ambitious infrastructure program.
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Conte also said he would proposed to European Union partners that defense spending be excluded from budget deficit calculations.
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His economic plans call for massive tax cuts that many economists estimate would sharply boost the U.S. budget deficit.
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Bill Clinton: Clinton's plan raised taxes for 40 percent of Americans in order to lower the Federal budget deficit.
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Trump's new plan would also add less to the budget deficit — another possible step toward Ryan and congressional Republicans.
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But it experienced its first budget deficit in nearly 20 years in 2016 due to a falling oil price.
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It also would include projections of how the legislation will affect health insurance premiums and the federal budget deficit.
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The previously announced borrowing plan will include 390 billion baht for the budget deficit and the rest for investment.
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The reconciliation process was designed for dealing with bills related to the federal budget, and specifically budget deficit reductions.
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He said Romania would also meet its budget deficit target of 25.7 percent of gross domestic product this year.
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It forecast a 2019 budget deficit of 2.8 billion rials ($7.3 billion) or 9 percent of gross domestic product.
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Drcelic said earlier on Tuesday that the size of the deal would be dependent on the country's budget deficit.
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To boost confidence, Mr Temer would need first to tackle the budget deficit, now equal to 10.8% of GDP.
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Mr Abe pledged to keep a longstanding goal of eliminating the primary budget deficit by the fiscal year 2020.
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Current policy calls for a reduction in the budget deficit, adjusted for the economic cycle, of 0.8% of GDP.
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The 2016 budget deficit, initially forecast at 3.0 percent of GDP, is now expected to be around 3.2 percent.
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The previous government targeted a budget deficit of 1.6 percent of GDP in 2018 and 0.8 percent in 2019.
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The problem with cutting the rate to 15 percent is that it could add more to the budget deficit.
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Also, payments to farmers will increase, which will have an adverse impact on the size of the budget deficit.
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That measure allows for tax cuts to add up to $1.5 trillion to the budget deficit over a decade.
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It needs to exploit flexibility clauses to avoid being censured by the commission over its growing structural budget deficit.
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Increasing the budget deficit might make sense when the economy is weak and in need of a fiscal stimulus.
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Romania's leu steadied on Monday after recent falls as the country's assets see more pressure from budget deficit worries.
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The amendment is designed to curb a budget deficit equivalent to 10 percent of gross domestic product last year.
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As they write a bill, lawmakers will face a challenge in cutting rates without significantly increasing the budget deficit.
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In his view, there was therefore no reason to worry unduly about the prospect of a ballooning budget deficit.
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Congress could eliminate all nondefense discretionary spending and still run a large budget deficit of more than $300 billion.
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It aims to reduce inflation, the public debt and the budget deficit and restore rapid growth to Ghana's economy.
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Though next year's funding remains uncertain, the state's projected 18 percent budget deficit has schools preparing for the worst.
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Osborne more than halved the budget deficit of over 10 percent of gross domestic product he inherited in 2010.
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SJ: Do you think you can hit your target for the budget deficit for current fiscal and next fiscal?
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Conte also said he would proposed to European Union partners that defence spending be excluded from budget deficit calculations.
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The resulting budget deficit of $6,856 per household will bring the total national debt to nearly $170,000 per household.
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The company has not been repaid partly because the federal government is currently struggling with a record budget deficit.
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A public-sector wage increase in 2017 and higher interest rates have added to pressures on the budget deficit.
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EU rules entail a budget deficit limit of 3 percent, which M5S and Lega have criticized as hampering growth.
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He said the market is anticipating a stronger economy, possibly a more active Fed and a wider budget deficit.
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The falling revenue has widened Brazil's budget deficit to record levels, costing the country its coveted investment-grade rating.
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It keeps the budget deficit at 3 percent of gross domestic product in line with the IMF programme's requirements.
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A Republican-controlled Congress might balk at infrastructure spending or tax reductions that significantly widen the federal budget deficit.
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The money is part of a package of new revenue-raisers aimed at closing Connecticut's $2 billion budget deficit.
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Brazil's government is trying to reduce a chronic budget deficit that reached more than 150 billion reais in 2016.
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The government targets a 3.5% of GDP budget deficit by 2018 through a mix of revenue and spending measures.
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The Tunisian economy has been in decline since 113, and the government is struggling with a growing budget deficit.
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The only issue will be how large of an increase in the budget deficit do Republicans consider economically viable.
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EXCLUSIVE-SRI LANKA LIKELY TO SEE 2019 BUDGET DEFICIT AROUND 5.4% OF GDP, 100 BPS HIGHER THAN TARGET - OFFICIALS
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To make matters worse, they warned of an additional 215 percent fare increase to plug a growing budget deficit.
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WASHINGTON (Reuters) - The U.S. government recorded a $235 billion budget deficit in February, the Treasury Department said on Wednesday.
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Amid stagnant economic growth and slowing capital inflows, the government is under pressure to curb a massive budget deficit.
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Or it could raise taxes, increase the budget deficit, or cut domestic programs, all unpopular steps with American voters.
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Brazilians have no money, and neither does the government: The country is facing a budget deficit of $50 billion.
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ITALY'S 2019 BUDGET DEFICIT TO COME IN AT 1.6%-1.7% VS 2.2% TARGET, SHOWING PUBLIC FINANCES SOLID - ECON MINISTER
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An earlier version of this column misstated the budget deficit looming in Kansas before legislators passed a tax increase.
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Already, America&aposs budget deficit topped $1 trillion for the 2019 fiscal year and will increase further in 2020.
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Since 2006, a severe recession has crippled the island's economy and left a budget deficit of over $21625 billion.
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WASHINGTON (Reuters) - The U.S. government recorded a $13.3 billion budget deficit in December, the Treasury Department said on Monday.
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That said, market watchers have been anticipating what Jaitley would say about the budget deficit in the coming year.
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It also coaxed Tunisia into adopting higher sales tax rates in an effort to reduce the 2018 budget deficit.
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This can be achieved by reducing the budget deficit and making changes in the tax code that encourage saving.
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WASHINGTON (Reuters) - The U.S. government recorded a $33 billion budget deficit in January, the Treasury Department said on Wednesday.
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The payments to residents and subsidies for businesses sent Hong Kong into its first budget deficit in 15 years.
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But with a large budget deficit, its economic aid budget will fall, opening a door for China, analysts say.
|
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Even after cuts in subsidies and social programs, this year's government budget deficit is expected to be $53 billion.
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The practical obstacle to reaching compromise on those issues is the budget deficit increase produced by the tax cut.
|
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Raising interest rates and eliminating the federal budget deficit could also help by lowering asset prices and shrinking finance.
|
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The increase in 2019 was intended to reduce the government's reliance on foreign funds to finance its budget deficit.
|
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But it trimmed its budget deficit target to 2.6 percent of gross domestic product from 3 percent in 2017.
|
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The government is aiming for a budget deficit of 139 billion reais ($44.1 billion) this year before interest payments.
|
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It has forecast a 2019 budget deficit of 2.8 billion rials ($7.28 billion), or 9% of gross domestic product.
|
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Mnangagwa said his government was pursuing difficult economic reforms, including measures to reduce the budget deficit to single digits.
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Nancy Pelosi has said she will impose [the budget-deficit rule] PAYGO on the House under a Democratic president.
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We don't save enough, and a key part of our nation's overspending is our federal government's large budget deficit.
|
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The presidency's spokesman, Chanda, said Lungu took power when the country faced a huge budget deficit and fuel shortages.
|
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Using money deposited by expatriate Lebanese, local banks buy government debt, financing the state's expanding budget deficit and debt.
|
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That's a sort of mission impossible for Japanese authorities whose primary budget deficit last year stood at 3.3 percent.
|
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This is a huge distraction for a university already struggling to reduce a crippling budget deficit of $150 million.
|
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As with the trade deficit, many economists are growing less alarmed by the budget deficit than in previous years.
|
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The extra revenue will stabilise Italy's 2019 budget deficit at 2%, lower than the 2.5% the commission had feared.
|
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The budget deficit, excluding privatisation revenue, is expected to stand at 4.1% in 2019, according to the central bank.
|
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Its example, often lauded by Brussels, is in sharp contrast to Italy's plans to widen the budget deficit in 2019.
|
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Worried about blowing the bottom out of the budget deficit, they're focused on moving around tax burdens to elicit growth.
|
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He said that amount of money would have a negligible effect on either federal health spending or the budget deficit.
|
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The government in April said it expects the budget deficit for this fiscal year to hit 10.9 percent of GDP.
|
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"Sure it will increase the budget deficit, but that is a concern that can be addressed many years from now."
|
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The CBO says that all adds up to ... a continued budget deficit of around 21990 percent of GDP by 21992.
|
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In 2016, the overall budget deficit was 2 percent - already the lowest in over four decades of Portugal's democratic history.
|
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And that's a long way to go since the primary budget deficit is now slightly below 3.53 percent of GDP.
|
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The measures, aimed at chopping the gaping budget deficit, are seen as critical to shore up investor confidence in Brazil.
|
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The Negative Outlook reflects our expectations that debt metrics will weaken due to growing direct risk amid continuing budget deficit.
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Italy's government has drawn up a draft budget for 2019 that includes a budget deficit of 2.4 percent of GDP.
|
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Faster growth in 2018 is occurring alongside a widening of the federal-budget deficit, from 3.5% of GDP to 4%.
|
|
The quarrel is partly about how to reduce the budget deficit, which was an estimated 4% of GDP last year.
|
|
Finance Minister Ali Hassan Khalil has described raising the tax as "fundamental" to bringing down heavily-indebted Lebanon's budget deficit.
|
|
In the 2019 budget, Nicaragua's congress forecast a budget deficit of $320 million, up from $170 million in December 2018.
|
|
Britain's chancellor of the exchequer, Philip Hammond, officially abandoned the target of eliminating the government's budget deficit by 2019-20.
|
|
Any unused money may be dedicated to lowering the budget deficit below the official 2.4 percent target, the source said.
|
|
The government's growing budget deficit, meanwhile, will force the Treasury Department to borrow $1 trillion for the second straight year.
|
|
Some economists believe more aggressive tax cuts next year could push up the annual budget deficit ratio to 3 percent.
|
|
The ongoing pension deficit from year to year accounts for more than half the budget deficit of 8.9% of GDP.
|
|
The bank made its first purchase of crowns in October 2014 to cover the government's non-oil-related budget deficit.
|
|
Italy already risks breaching euro-area budget-deficit limits, and the European Commission is reportedly preparing to begin disciplinary proceedings.
|
|
He said the government has exceeded expectations, noting that the current budget deficit was less than 1 percent of GDP.
|
|
Mr Barkat may also have hoped to put pressure on the finance ministry to help cover a local budget deficit.
|
|
They are allowing the budget deficit for 2019 to increase to 1.23 percent of GDP from 2.6 percent this year.
|
|
That's enough to wipe out the U.S. budget deficit if it was subject to U.S. taxes, according to the group.
|
|
Taxes on foreign workers should also raise $16bn in revenues by 2020, reducing the yawning budget deficit, says Mr Kattan.
|
|
The U.S. government periodically raises the legal limit of how much money it can borrow to cover its budget deficit.
|
|
He needs a veto-proof majority to confront the country's most urgent problem, a budget deficit of 6% of GDP.
|
|
And with interest rates still low, there's no particular objective economic policy need to avoid increases in the budget deficit.
|
|
He also thinks the budget deficit this year will come in at 53% of GDP, below the 2.4% initially projected.
|
|
Tax rises of some sort may be needed to close Britain's budget deficit, which is still worth 3% of GDP.
|
|
In Paris, Hariri promised to reduce the budget deficit as a percentage of GDP by five percent over five years.
|
|
Take Ghana, which racked up debt as it ran an average annual budget deficit of 10% from 2012 to 2016.
|
|
The city declared bankruptcy in 2012, with a $46 million budget deficit, forcing it to make serious cuts in services.
|
|
A widening budget deficit in Italy, the euro-zone's most indebted country, risks plunging the single currency back into crisis.
|
|
The second notable measure is to keep the projected budget deficit below 3% of GDP, as required under EU law.
|
|
Brazil's primary budget deficit target for this year is 139 billion reais, but a weaker economic recovery has shrunk revenue.
|
|
However, Riyadh is still running a sizeable budget deficit, which it can fund partly with domestic and international bond issues.
|
|
That is one reason she has failed to tackle the budget deficit, which widened to 10.8% of GDP in January.
|
|
The Journal said Trump told aides it was less important that the plan could add to the federal budget deficit.
|
|
In Saudi Arabia it has pressured the currency and opened up a record state budget deficit of around $100 billion.
|
|
Macri's government has pledged to accelerate its efforts to reduce a budget deficit as part of the stand-by arrangement.
|
|
The goal is to eliminate the budget deficit in the next five years, even if the oil price stays low.
|
|
Despite VAT and subsidy reforms, we expect only modest narrowing in the budget deficit in FY17, to 11.6% of GDP.
|
|
Rome on Wednesday agreed a workaround on its budget deficit goals to end a damaging row with the European Commission.
|
|
President Donald Trump has acknowledged that his tax plan will increase the budget deficit, if only for a short time.
|
|
Societe Generale economists, however, pointed out that the actual budget deficit in 2015 was closer to 3.5 percent of GDP.
|
|
Apart from the expansion of the (budget) deficit to implement tax cuts, the central government needs to maintain infrastructure investment.
|
|
Tax and public spending decisions are framed in a tight corset imposed by budget deficit limits of the monetary union.
|
|
The leu could come under further pressure this year over concerns about overshooting the EU's 3-percent budget deficit ceiling.
|
|
Britain's budget deficit has been cut from nearly 10 percent of gross domestic product in 2010 to around 2 percent.
|
|
That would scupper the French government's plans to bring its budget deficit below the EU-mandated 3 percent in 2017.
|
|
Deposit levels at some banks have fallen after the government withdrew cash from banks to help bridge the budget deficit.
|
|
Few mentioned the specific charge against Ms Rousseff: that she had fiddled government accounts to disguise a big budget deficit.
|
|
Schumer directly attacked Treasury Secretary Steven Mnuchin for his claims the tax reform proposal would reduce the country's budget deficit.
|
|
The budget deficit for fiscal 2017 is expected to near $700 billion and the federal debt has topped $20 trillion.
|
|
Usually, when the economy is strong, budget policy is designed to prevent overheating, and works to reduce the budget deficit.
|
|
The president signed off on a massive tax cut this year, raising the federal budget deficit after years of decline.
|
|
It just seems like there have to be… other ways to address a budget deficit than calling a collection agency.
|
|
WASHINGTON (Reuters) - The U.S. government had a $75 billion budget deficit in June, Treasury Department data released on Thursday showed.
|
|
The Tennessee senator has said he will not support a plan that blows a major hole in the budget deficit.
|
|
But sometimes the truth alone is scary enough, particularly when you're talking about today's red menace: the federal budget deficit.
|
|
The floods could hurt overall economic growth and also widen the government's budget deficit with high infrastructure spending, dealers said.
|
|
The measures include a $3.4 billion contribution from the central bank and commercial banks towards reducing next year's budget deficit.
|
|
Britain has slashed its budget deficit from about 10 percent of economic output in 2010 to around 2 percent now.
|
|
But the government has shied away from offering subsidies or raising spending as it struggles with a record budget deficit.
|
|
The Treasury is targeting a budget deficit of 2.6 percent of national output by 2019/20 from 3.4 percent now.
|
|
It has a budget deficit of 2.3 percent of GDP — nearly three times the euro area's average of 0.9 percent.
|
|
The government has proposed to parliament hiking 2017 spending and cutting the revenue target, resulting in a wider budget deficit.
|
|
Romania's budget deficit (cash basis) over the first five months was almost three times as large as a year earlier.
|
|
Finance Minister Florin Citu said the budget deficit could exceed 210.19% of gross domestic product this year without additional measures.
|
|
Since being appointed prime minister in 2011, Benkirane has pursued economic reforms to reduce the budget deficit and tackle subsidies.
|
|
Or will the need to cut a thousand jobs to address the budget deficit be an omen of further deterioration?
|
|
In February, the United States budget deficit reached a grim milestone, topping $234 billion, the largest monthly liability on record.
|
|
The Treasury Department announced on Monday that it had recorded its largest monthly budget deficit in six years in February.
|
|
The European Commission is pressuring Madrid to further reduce its budget deficit, and the next government will determine the response.
|
|
In December, Australia forecast its budget deficit would swell to A$37.4 billion ($27.32 billion) in the year to June.
|
|
The government needs to fund a rising budget deficit even as the Fed continues to reduce its massive bond portfolio.
|
|
The problem is either of these policies will increase the budget deficit, regarded by most politicians as a bad thing.
|
|
Maladministration has left a massive budget deficit, and the country looks like needing International Monetary Fund (IMF) assistance very soon.
|
|
Successive governments have failed to cut the budget deficit, and Tunisia needs $3 billion in foreign loans this year alone.
|
|
He said he was committed to fiscal discipline and called for the early elimination of the federal government's budget deficit.
|
|
The non-partisan analysts did warn the budget deficit, projected to be $559 billion this year, is expected to rise.
|
|
With an ever-burgeoning budget deficit, it seems increasingly unlikely that the US government will continue to approve increased spending.
|
|
However, it said that the existence of a budget deficit would make it harder for the government to continue spending.
|
|
Moody's estimated that the government budget deficit in 2016 was "moderate" at around 3 percent of gross domestic product (GDP).
|
|
Last year, the euro area got its budget deficit down to 1.8 percent of GDP from 2.1 percent in 2015.
|
|
If enacted, such a package would most likely push the federal budget deficit to over $2 trillion for the year.
|
|
Prior to the crisis, France had drafted its 2020 state budget with a public-sector budget deficit 2.2% of GDP.
|
|
This led to a large increase in the federal budget deficit that Democrats spent a lot of time complaining about.
|
|
Former Federal Reserve Chairman Alan Greenspan this week even predicted a recession, naming the budget deficit as the cause. Huh?
|
|
FOX Business News, for example, went with the following: CBO: #Healthcare bill would decrease budget deficit by $337B through 2026.
|
|
Italy's new government said it expected its budget deficit to grow to 2.4 percent of gross domestic product in 2019.
|
|
If Republicans retain their edge in Congress, the fiscal outlook is complicated by how they will tackle the budget deficit.
|
|
It would lead to "death panels"; it would lead to "rate shock"; it would cause the budget deficit to balloon.
|
|
New York, for example, faces a $6.1 billion budget deficit next year with two-thirds of it linked to Medicaid.
|
|
The government pledged to appropriately increase budget deficit ratio, guide market interest rates lower, and keep liquidity level reasonably ample.
|
|
That's increased the supply of loanable funds and pushed down rates regardless of the magnitude of the federal budget deficit.
|
|
THE TICKER The federal budget deficit is exploding, blowing up one of President Trump's core campaign promises along with it.
|
|
His tax cuts and infrastructure spending will most likely increase the government's budget deficit, which tends to increase interest rates.
|
|
Britain's budget deficit was just under 4 percent of gross domestic product in the financial year which ended in March.
|
|
The cost of the Puerto Rico Government Health Plan is one of the principal drivers of Puerto Rico's budget deficit.
|
|
The measures include a $3.4 billion contribution from the central bank and commercial banks towards reducing next year's budget deficit.
|
|
"In its most recent baseline projections, CBO estimated that the 2019 budget deficit would be $85033 billion," the CBO noted.
|
|
"In its most recent baseline projections, CBO estimated that the 85033 budget deficit would be $960 billion," the CBO noted.
|
|
Government debt and the budget deficit are down, the country's credit rating is up, growth has almost quadrupled since 2010.
|
|
Israel's budget deficit is expected to have exceeded 3.5% of gross domestic product in 13, above a target of 2.9%.
|
|
She also said she was confident a 2019 budget deficit goal of 33 billion crowns ($1.7 billion) would be met.
|
|
The "junk"-rated district is struggling with a $1.1 billion structural budget deficit caused largely by escalating annual pension payments.
|
|
That's especially important because the federal government's soaring budget deficit could make it harder to borrow to fight a recession.
|
|
On September 30th the new government approved a framework document that proposes an increased budget deficit of 2.2% of GDP.
|
|
The federal budget deficit has increased an average of 15 percent for each fiscal year he has been in office.
|
|
Per the country's fiscal consolidation road map, the recommended target for a budget deficit is at 3 percent of GDP.
|
|
Dombrovskis said it was important for Italy to stick with a programme of cutting its budget deficit and public debt.
|
|
Treasury reported a budget deficit of $88 billion in the same month last year, the department's monthly budget statement showed.
|
|
In February, Gordhan spelt out measures to help boost the economy, plug a budget deficit and tackle stubbornly high unemployment.
|
|
So U.S. imports actually help find buyers for the treasury bonds and notes necessary to finance our massive budget deficit.
|
|
King Salman formally announced the target date for eliminating the budget deficit would be pushed back to 2023 from 2020.
|
|
The CBO recently raised its estimate of the projected federal budget deficit to $1 trillion for the 2020 fiscal year.
|
|
Nigeria issues treasury bills to raise cash to fund the budget deficit, manage banking system liquidity and curb rising inflation.
|
|
All this will create sustained growth of 23 to 24 percent a year and prevent the budget deficit from exploding.
|
|
Securing a Chinese customer, lender and investor would help Alaska overcome a multi-billion dollar budget deficit and create jobs.
|
|
The reconciliation process was designed for dealing with bills related to the federal budget, and in particular budget deficit reductions.
|
|
Transit leaders say they are facing a huge budget deficit and need billions of dollars to upgrade the aging system.
|
|
The congressional Joint Committee on Taxation analysis showed the Senate plan would add $1 trillion to the federal budget deficit.
|
|
As a result, it's a good guess that the bill will increase the budget deficit far more than currently projected.
|
|
Among them: A bill passed through reconciliation cannot be projected to increase the budget deficit beyond a 10-year period.
|
|
Back in the 25s, for example, the budget deficit was falling rapidly, and Bill Clinton liked to tout this fact.
|
|
By eliminating a bunch of deductions you should able to significantly reduce corporate tax rates without increasing the budget deficit.
|
|
The Metropolitan Museum of Art laid off 34 employees as part of its continuing effort to reduce its budget deficit.
|
|
The IMF has long called on Sri Lanka to reduce its budget deficit, raise revenues, and bolster its foreign exchange reserves.
|
|
The document is expected to formally reduce the budget deficit target to 2.2% or lower, from a current forecast of 2.4%.
|
|
Meanwhile, Illinois's operating budget deficit has grown to 0.6% of GDP, though the state constitution says the budget must be balanced.
|
|
Salvini's renewed threat recently to break the 3% budget deficit cap mandated by the EU triggered a selloff in Italian bonds.
|
|
The government presented a program to parliament in late March that aimed to reduce the budget deficit while protecting the poor.
|
|
Egypt is trying to cut energy subsidies to narrow its gaping budget deficit as part of the three-year IMF deal.
|
|
The budget deficit, excluding privatisation revenue, is expected to reach 4.1% in 2019 from 3.7% in 2018, the central bank said.
|
|
When he took office in 2011 he inherited a budget deficit of $10 billion and a state known for fiscal dysfunction.
|
|
Its budget deficit has been in the double digits for the past decade, reaching about a third of GDP last year.
|
|
Growing concerns over the country meeting its key budget deficit target have led analysts to predict tightening measures by the government.
|
|
France on the other hand has struggled to grow and failed to keep its ballooning debt and budget deficit in check.
|
|
Meanwhile, it said that Italy's Finance Minister Giovanni Tria was ready to target a budget deficit of 2 percent for 2019.
|
|
Still, the first two months of fiscal '1873, the budget deficit is going up at an annualized rate of $1863 trillion.
|
|
But despite the budget deficit falling sharply, Britain's debt levels remain high, limiting how much Hammond can relax his spending squeeze.
|
|
Jadaan said the government was expected to resume local debt issuances this quarter or next, partly to finance the budget deficit.
|
|
In October, officials said the U.S. federal budget deficit grew 17 percent to $779 billion — its highest level in six years.
|
|
Mauricio Macri, the president, announced an austerity plan and new taxes on exports as he pledged to reduce the budget deficit.
|
|
The Conservatives of Prime Minister Theresa May say they will get rid of the overall budget deficit by the mid-2020s.
|
|
He admitted that hyperinflation had been caused by printing bolívares to finance a massive budget deficit and promised a "zero deficit".
|
|
That compared with a budget deficit of $176 billion in the same month last year, according to Treasury's monthly budget statement.
|
|
The U.S. budget deficit last year came in at $779 billion and is projected to hover around $900 billion this year.
|
|
Hammond upgraded his growth forecasts a little and trimmed his budget deficit expectations, providing some extra wind behind sterling's bounce higher.
|
|
Better to introduce the GST in a less compromised form, even if that means a temporary widening of the budget deficit.
|
|
The Bahraini government earned $4.3 billion in oil and gas revenue last year and ran a budget deficit of $2.7 billion.
|
|
Russia's budget deficit has swollen as oil prices fell sharply from 2883 and the West imposed sanctions over the Ukraine crisis.
|
|
The private sector is meanwhile struggling under austerity measures needed to cut a state budget deficit caused by low oil prices.
|
|
The combined annual shortfall of the pension schemes is 4.8% of GDP, equivalent to more than half the government budget deficit.
|
|
The approved document keeps the budget deficit at 3 percent of gross domestic product in line with the IMF program's requirements.
|
|
The budget deficit is under control, monetary policy is made responsibly and unemployment, at around 5%, is the lowest on record.
|
|
Azerbaijan's Finance Minister Samir Sharifov said earlier this week his country planned to issue bonds to help cover a budget deficit.
|
|
Italy placed itself on a collision course with the European Commission by proposing a budget deficit of 2.4% for next year.
|
|
Efforts to narrow its budget deficit brought higher taxes and layoffs of government workers, further dampening the prospects for economic growth.
|
|
A reconciliation bill can increase the short-term budget deficit, but cannot increase deficits beyond the 10-year CBO scoring window.
|
|
The fiscal programme has so far cut the budget deficit by 35 percent according to preliminary estimates for 2018, it added.
|
|
"When I came to power we had no army, a massive budget deficit, 50% inflation and no money," says Mr Poroshenko.
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In addition, Russia is considering privatising some of its largest companies in an attempt to stave off a ballooning budget deficit.
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Tunisia is under pressure from the International Monetary Fund to freeze public sector wages to help reduce the country's budget deficit.
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"The risk for us is that the government are able to forecast a continued narrowing of the (budget) deficit," he said.
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Mr Trump is expected to cut taxes dramatically, increasing the American budget deficit, while also spending more on infrastructure and defence.
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Those promises alone would cost 1.7% of GDP each year at a time when the budget deficit is 2.9% of GDP.
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It cleared that critical hurdle, with the CBO estimating it would decrease the budget deficit by $321 billion over 2017-2026.
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Fitch forecasts direct risk will stabilise at below 70% of current revenue, due to the expected narrowing of the budget deficit.
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That compared with a budget deficit of $137 billion in the same month last year, according to Treasury's monthly budget statement.
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Italy's government set a budget deficit target at 2.4 percent of gross domestic product over the course of 2019 to 2021.
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The central bank has been drawing down its assets to cover a huge state budget deficit caused by low oil prices.
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ET. In November, the government forecast a budget deficit of C$25.1 billion ($18.7 billion) in the fiscal year 2016-2017.
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He also promised to make unspecified spending reductions to narrow the budget deficit (expected to be 0.9% of GDP this year).
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With a budget deficit expected to reach 12% of GDP this year, the government has little money to spend on reconstruction.
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That would help Mr Macri proceed with plans to cut the budget deficit, liberalise labour laws and clean up the courts.
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Gordhan's management is thought to be soothing South Africa's volatile economy, and he is committed to cutting the country's budget deficit.
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Temer is expected to tackle Brazil's large budget deficit by attempting to cut social spending, in particular Brazil's generous pension system.
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That also means that dependence on China to fund the budget deficit is far more limited compared to some global peers.
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If implemented, the coalition's programme of tax cuts and spending increases threatens to send Italy's budget deficit spiralling out of control.
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South Africa's debt is also high by emerging-market standards—and its stubborn budget deficit means that debt is rising quickly.
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In 2010, the year they took office, Britain's budget deficit had risen to 10% of GDP because of the financial crisis.
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Carlos Dominguez, the finance minister, has already raised the budget deficit from 2% of GDP to 3% to support such investments.
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His main economic success has been to slash the budget deficit, from 234% of GDP in 2013 to 2.8% last year.
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On the budget deficit, Trudeau said he was not obsessed with a "perfect number" and instead vowed to increase economic growth.
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Algeria, struggling with low oil prices and a high budget deficit, stopped signing big deals with Chinese firms two years ago.
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The budget deficit is seen narrowing to 4.0 percent in the 2021/22 fiscal year from 4.5 percent in 2019/20.
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At 1.9 percent of gross domestic product, the budget deficit last year was the lowest since the 2001/02 financial year.
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The reserves of its sovereign-wealth funds, which Russia is already using to fund the budget deficit, still exceed $100 billion.
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Nigeria forecasts a budget deficit of 2.36 trillion naira in 13, half of which it aims to fund through domestic borrowing.
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President Trump campaigned on a platform of tax cuts and infrastructure spending that seems likely to increase the federal budget deficit.
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The government needs to fund a rising budget deficit even as the Federal Reserve continues to reduce its massive bond portfolio.
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The budget deficit is projected at 9.2 percent of gross domestic product for this year, up from 9 percent in 2018.
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Seeking to close a huge budget deficit caused by low oil prices, the government clamped down on infrastructure spending last year.
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An overhaul of Brazil's social security system is seen as crucial to reining in a budget deficit and reigniting economic growth.
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The government has said it plans to keep the country's budget deficit at 3 percent of GDP in the medium-term.
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We forecast government debt/GDP to fall to 93% in FY18, on a smaller budget deficit and currency appreciation to EGP14.5.
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Still, the government says it cut its budget deficit to 2.1 percent of GDP or less from 4.4 percent in 2015.
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With a $1.1 billion budget deficit, the school system has been cut off from state funding because of the budget impasse.
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In the 12 months through April, the overall budget deficit, which includes interest payments, was equivalent to 10.8 percent of GDP.
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Mr Rajoy's government missed the budget-deficit target set by the European Commission for 2015 by about €8 billion ($9 billion).
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The remainder of the cash will be used to finance the budget deficit, which amounted to 5.8% of GDP last year.
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Brazil's budget deficit before interest payments soared to 30.736 billion reais ($9.30 billion) in May, the largest-ever for the month.
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The sale of NTPC shares was part of India's asset sales programme, which is crucial to contain the government's budget deficit.
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Italian government bond yields fell back thanks to reports the government was targeting a lower budget deficit in 2020 and 2021.
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To date the government, which is trying to cut the budget deficit, has offered just $11 billion spread over several years.
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A dramatic $500 billion reduction in the budget deficit did not lead to the growth slowdown predicted by many Keynesian economists.
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In January, the Congressional Budget Office projected a 210 budget deficit of $210 billion, rising to triple that size by 2027.
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But the ministry needs funds to help fill a budget deficit, envisaged at 3 percent of gross domestic product this year.
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Under the Conservatives, Britain has cut its budget deficit from 25% of gross domestic product in 21 to about 20.7733% now.
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It could, for example, have ran a larger formal budget deficit and relied less on flooding the economy with bank credit.
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Soussa noted that the government had targeted a 2018 budget deficit of 8.4% of GDP but it ended up at 11.5%.
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The IMF reforms have helped the government bring the budget deficit under control, precluding the need to expand the money supply.
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Under the Conservatives, Britain has cut its budget deficit from 210% of gross domestic product in 2250 to about 243.3% now.
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The CBO also estimated that such a move would increase the federal budget deficit by $194 million over the next decade.
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Meanwhile, Bahrain released a 33-page plan to fix its debt-burdened finances and essentially abolish its budget deficit by 2022.
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The only sure effect would be the enormous tax saving of the rich and the enormous rise in the budget deficit.
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The falling budget deficit reflects the economic rebound and very low funding costs, with no improvement in the cyclically adjusted balance.
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The budget deficit is the annual difference between how much the government spends and how much it takes in every year.
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The nonpartisan Congressional Budget Office says the GOP bill would increase the federal budget deficit by $1.7 trillion over 10 years.
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Optimism drops further on gun policy (232%), the federal budget deficit (246%), climate change (243%) and reducing gridlock in Congress (238%).
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Riyadh has been cutting spending while raising taxes and fees to curb a state budget deficit caused by low oil prices.
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The federal budget deficit is expected to increase this year for the first time since 2009, according to estimates released Tuesday.
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The city is suffocating under $500 million of debt, unable to pay its bills or close a $100 million budget deficit.
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Rome's 2017 budget deficit goal is currently set at 2.3 percent of GDP, up from 1.8 percent agreed previously with Brussels.
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The floods could hurt the overall economic growth and also widen the government's budget deficit with high infrastructure spending, dealers said.
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That, in turn, will delay the date at which the government budget deficit might be reduced to a more sustainable level.
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The government is targeting a budget deficit at 2.4 percent of GDP, inside the 3 percent ceiling prescribed by EU rules.
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It expects only very moderate growth next year, The government has struggled to find funds to cover its growing budget deficit.
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The budget deficit, once 2168 percent of GDP during Portugal's 21-20.8870 debt crisis, has been almost eliminated under the Socialists.
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Her presidency left the country in economic tatters, with reserves depleted and a huge budget deficit and out-of-control inflation.
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Italy is a proponent of issuing joint EU debt, as well as exempting various types of spending from budget deficit limits.
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France has a weaker hand, particularly because its budget deficit, one of the highest in Europe, continues to exceed European standards.
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Belize's budget deficit reached 8% of GDP in 2015 and is expected to end 2016 at 5%, according to IMF estimates.
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That compared with a budget deficit of $192 billion in the same month last year, according to Treasury's monthly budget statement.
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He has lifted capital controls and power subsidies as well as outlining plans to cut inflation and reduce the budget deficit.
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Nigeria will have an easier time borrowing $1 billion abroad to help meet a budget deficit of about 2% of GDP.
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Within weeks of taking office, he learned that the previous administration had left the city with a $2294 million budget deficit.
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Sources have told Reuters Italy's new government plans to raise its budget deficit to around 2.3% of economic output next year.
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Let's be clear: Neither the budget deficit nor the trade deficit poses a clear and present danger to the U.S. economy.
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Though San Francisco had faced a yawning budget deficit and an unemployment rate above 10 percent after the recession, it rebounded.
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The budget is a mess: Even after some clever accounting, Illinois had, in effect, a $1.2 billion budget deficit last year.
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Rome's 2020 budget deficit target of 2.2% was set in September on the assumption the economy would grow 0.6% this year.
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The government approved raising the 2020 central budget deficit to 200 billion crowns, from an original target of 40 billion crowns.
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Revenues were forecast at 833 billion riyals, implying a budget deficit of 187 billion riyals, or 6.4% of gross domestic product.
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Ryan used to claim that his plans were about reducing the budget deficit, but he has now given up that pretense.
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It will appropriately increase budget deficit ratio, guide market interest rates lower, and keep liquidity level reasonably ample, the politburo said.
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A report from the Congressional Budget Office Tuesday projects that the U.S.'s budget deficit will break $1 trillion in 2020.
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WASHINGTON (Reuters) - The U.S. government had a $77 billion budget deficit in July, according to Treasury Department data released on Friday.
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That compared to a budget deficit of $43 billion in the same month last year, the department's monthly budget statement showed.
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But on the House side, the budget plan would not allow tax cuts to add to the budget deficit at all.
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Macri slashed natural gas subsidies early in his term in a bid to rein in the budget deficit and attract investment.
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The president expects the proposal, considered key to reduce Brazil's growing budget deficit, to go up for a vote this month.
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The plan puts off the closing of loopholes and other tax increases that could limit the impact on the budget deficit.
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A ballooning budget deficit has undermined business confidence and in 2015 cost Latin America's biggest economy its investment grade credit rating.
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WASHINGTON, Jan 13 (Reuters) - The U.S. government recorded a $13.3 billion budget deficit in December, the Treasury Department said on Monday.
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To deal with a budget deficit of about $3 million, the museum has undergone two rounds of buyouts and halted acquisitions.
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That extra spending will lead the city to post its first budget deficit in 15 years, Hong Kong's financial secretary said.
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Occasionally, the federal budget deficit, taxes, and social security would make their way into the top three, but not as often.
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Taken together, those polices would increase the budget deficit, which would mean either higher national debt or deep federal spending cuts.
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The projected budget deficit was wider than what economists had projected at 4.3 percent of GDP and the highest since 2009.
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Between 2014 and 2016, the euro zone budget deficit was cut to 1.8 percent of GDP from 2.6 percent of GDP.
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The Australian government on Monday had forecast a A$10 billion deterioration in its budget deficit over the next four years.
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According to newspaper La Repubblica, the government is likely to push the budget deficit in 2019 to 1.7 percent of GDP.
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This was supposed to simultaneously make the budget deficit look smaller and increase pressure on Congress to come up with something.
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The IMF expects Serbia's budget deficit to reach 2.5 percent of national output in 2016, compared with a targeted 4 percent.
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CANADA 2020-21 BUDGET DEFICIT EXPECTED TO BE C$28.1 BLN COMPARED TO C$19.7 BLN FORECAST IN MARCH - FINANCE MINISTRY
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And politically, Republican fiscal hawks would probably vote against tax reform if it increased the budget deficit by over $1 trillion.
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Under those rules, the GOP needs a score from the CBO to determine whether the legislation would reduce the budget deficit.
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That leaves unaddressed the growing structural budget deficit and huge $111 billion unfunded pension liability in the fifth-biggest U.S. state.
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WASHINGTON, Feb 12 (Reuters) - The U.S. government recorded a $33 billion budget deficit in January, the Treasury Department said on Wednesday.
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The only way to do that without producing an exploding budget deficit is to assume a big increase in economic growth.
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"The market lost confidence in Tria after he could not deliver on his promise to have a budget deficit below 20193 percent in 2019, instead Di Maio and to a lesser extend Salvini (the two deputy prime ministers) forced Tria to accept a higher budget deficit," Carsten Hesse, European economist at Berenberg told CNBC via email.
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The government previously targeted a budget deficit of 139 billion reais before interest payments this year and 129 billion reais for 2018.
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The Italian government is unlikely to back down from its 2019 budget deficit plan until market pressures rise, according to Goldman Sachs.
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He added that he's open to dialogue on investments "but not on the budget deficit or pension reform," the news agency added.
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He forecast a budget deficit of 7.1% of gross domestic product, after the gap in the current year blew out to 7.2%.
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The euro had gained earlier on Monday on signs that Italy may cut its budget deficit target to satisfy the European Union.
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The budget deficit widened to 14.06 billion pounds in 2017 from 11.20 billion pounds the previous year, according to central bank data.
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The budget deficit stood at $230 million during the first quarter after the government spent $1.1 billion against revenue of $869 million.
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It is reported that Macron may take emergency tax cuts to quell violent protests, but this move could exacerbate France's budget deficit.
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The Trump administration is committed to tax cuts and infrastructure spending that would increase the budget deficit and require more bond issuance.
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The slip in support signals Temer will have trouble passing a pension reform bill that is crucial for plugging Brazil's budget deficit.
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In recent years the government has cut spending to prevent its budget deficit from breaching a legal limit of 133% of GDP.
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The fiscal reforms, introduced last year, have so far cut Bahrain's budget deficit by 35 percent, according to preliminary estimates for 2018.
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And it might force the government to borrow more, widening the budget deficit, and putting short-term upward pressure on the dollar.
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He said the budget deficit would have to come in at the government's target of 2.4 percent of economic output this year.
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Ghana, which exports cocoa, gold and oil, said in April it was committed to reducing inflation, the public debt and budget deficit.
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France's budget deficit is much higher than Italy's and exceeded the 3 percent of GDP limit for nine straight years until 2017.
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It came into office in 2010 promising to eliminate the budget deficit by 2015; that goal has been put off till 2025.
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The ONS also revised down its estimate for Britain's budget deficit in the last 2018/19 financial year that ended in March.
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The bill's lavish tax breaks may not play well politically when the government is facing a budget deficit of 10% of GDP.
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Saudi Arabia also reported a 2015 budget deficit— the amount by which government expenditures exceed revenue — of $98 billion, or £65.7 billion.
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Mr Hammond could have used this windfall to reduce the budget deficit, with a view to bringing down public debt more quickly.
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Her promises—income- and corporate-tax cuts, a lower retirement age, more welfare spending—will shatter the euro-zone's budget-deficit limits.
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"Economics is like a game of Chinese spinning plates," he grinned, going over next year's forecast of a 2.5 percent budget deficit.
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Siluanov said the ministry envisages a budget deficit of 3 percent of gross domestic product in 2017, the same as in 2016.
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