budget deficit

UK runs much bigger than expected budget deficit in May

Chancellor Rachel Reeves has highlighted the need to bring down debt costs as she tries to keep her budget plans on track to balance day-to-day spending with tax revenues by the end of the decade.

Britain’s deficit narrows but fuel duty fall points to Iran war drag

IMF Managing Director Kristalina Georgieva said the fund is poised to cut its forecasts for global growth due to the conflict in the Middle East. 

IMF says defence spending surge risks widening global deficits

Indonesian Finance Minister Purbaya Yudhi Sadewa says the government will soon ask all ministries and agencies to reassess their budgets to identify spending that could be cut.

Indonesia eyes Budget cuts amid high oil prices, keeps free meal programme fund intact

Saudi Arabia officials expect the fiscal deficit for this year to decrease to 3.3% of GDP.

Saudi Arabia Budget deficit hits record 94.9 billion riyals in Q4, largest in 5 years

A US Treasury official declined to predict whether the deficit would top US$2 trillion for the full fiscal year ended Sep 30 but told reporters that September typically has higher revenues than August because of quarterly tax payment deadlines.

US August deficit falls to US$345 billion as tariff revenues rise

The new CRFB estimates include the budget effects of the One Big Beautiful Bill Act tax and spending bill, as well as Trump’s tariffs that are currently in place.

US budget deficit forecast US$1 trillion higher over next decade: watchdog

The US government's budget deficit for July was up 19 per cent, or US$47 billion, from July 2024.

US deficit grows to US$291 billion in July despite tariff revenue surge

Further fiscal deterioration in the US could lead to more negative rating actions, albeit slow ones, with one-notch cuts over several years.
CIO CORNER

Faltering US exceptionalism and the implications of higher Treasury yields

Tuesday’s fiscal figures have given them more reasons to bet on the government delaying new supportive measures.

China ran record budget deficit with spending blitz amid tariffs