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Budget deficit News

13 Sep 2016

US budget deficit totals $107.1 billion in August

The federal government recorded a deficit of USD 107.1 billion in August, slightly lower than the July deficit.

04 Jul 2016

HSBC 'overweight' on India, 2016-end Sensex target at 28,500

Global brokerage firm HSBC on Monday upgraded India to the 'overweight' status, citing improving domestic indicators and more realistic earnings expectations.

28 Dec 2015

Saudi Arabia posts record budget deficit, to raise petrol prices by more than 50%

Saudi Arabia said Monday it was raising petrol prices by more than 50 percent for some products from Tuesday as it cuts a range of subsidies after posting a record budget deficit.

15 Apr 2015

Greece`s 2014 deficit more than double forecasts: Official

Greece`s budget deficit was 3.5 percent of GDP in 2014, the official statistical agency said Wednesday, more than doubling forecasts.

06 Mar 2015

China`s 2015 budget deficit rate higher than declared: Minister

China`s budget deficit this year will be higher than previously declared as the government boosts fiscal spending in a bid to bolster economic growth, the finance minister said Friday.

27 Feb 2015

EU sets France tough budget deficit targets

The EU set France tough new targets on Friday to get its budget deficit back within Brussels rules, keeping up the pressure after giving Paris two more years until 2017 to toe the line.

Swiss government

11 Feb 2015

Switzerland slides into deficit on surprise revenue fall

The Swiss government said Wednesday it suffered its first federal budget deficit in nearly a decade last year following a surprise 9 percent drop in key sources of tax revenue.

15 Oct 2014

US budget deficit shrinks to lowest level since 2008

The US government`s budget deficit for fiscal year 2014 shrank to its lowest level in six years as tax revenues rose amid a growing economy, the Treasury Department said Wednesday.

08 Oct 2014

US budget deficit falls below 3% of GDP in 2014: CBO

The US budget deficit fell to 2.8 percent of the economy`s output in fiscal year 2014, as government revenues rose sharply, official data showed Wednesday.

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