budget deficit
US August deficit falls to US$345 billion as tariff revenues rise
[WASHINGTON] The US budget deficit for August fell US$35 billion or 9 per cent from a year earlier to US$345 billion as President Donald Trump’s tariffs pushed net customs receipts up by about US$22.5...
US budget deficit forecast US$1 trillion higher over next decade: watchdog
The forecasts are based on legislative and tariff changes since January but keep CBO’s economic forecasts unchanged
US deficit grows to US$291 billion in July despite tariff revenue surge
THE US government’s budget deficit grew nearly 20 per cent in July to US$291 billion despite a nearly US$21 billion jump in customs duty collections from President Donald Trump’s tariffs, with outlays...
Faltering US exceptionalism and the implications of higher Treasury yields
No country has an unlimited capacity to carry debt. Past rating downgrades point to the US having run out of its extra debt capacity
China ran record budget deficit with spending blitz amid tariffs
The truce has led a few major international banks to raise their forecasts for the country’s growth this year and dial back expectations of additional stimulus by the government
Budget 2025: Singapore expects S$6.8 billion surplus in FY2025, contrary to economists’ deficit predictions
This is thanks partly to a 12.9% rise in the net investment returns contribution to S$27.1 billion
Reeves says she’s struck budget deals with whole UK Cabinet
She described the past week as “a really constructive process”
Thai Cabinet approves US$15.7 billion more in new borrowing for 2024 fiscal year
Thailand’s cabinet on Tuesday (Feb 13) approved an additional US$15.66 billion in new borrowing for the 2024 fiscal year, a government official said, on top of 194 billion baht (S$7.3 billion) previou...
From free lunches to cash transfers, Indonesia presidential candidates’ election pledges under the microscope
[JAKARTA] From providing free school lunches and milk to slashing the costs of a pilgrimage to Mecca, Indonesia’s three presidential candidates have promised to implement a wide range of policies if t...
Thailand set to further increase spending in 2025 fiscal year
THAILAND is planning a larger budget deficit of 713 billion baht (S$27.3 billion) for the 2025 fiscal year and higher spending of 3.6 trillion baht that year, the government said, in a plan that would...
