budget deficit
US deficit tops US$700 billion to hit record in October to December
THE US budget deficit widened to a new record in the October to December period, according to Treasury Department data released on Tuesday, as spending grew while tax revenue slipped.
Musk acknowledges US$2 trillion spending cut goal a long shot
He described the US$2 trillion target as a “best-case outcome”
China may top off stimulus with record deficit, economist says
CHINA has the option of boosting stimulus by raising its fiscal deficit ratio to the highest ever, according to a top economist, a move he said would reflect the government’s commitment to this year’s...
America’s fiscal exceptionalism is all too real
The US should stop wringing its hands about public borrowing and do something about it
French PM calls for ‘national effort’ to cut deficit
FRENCH Prime Minister Michel Barnier on Sunday called for a “national effort” to cut the country’s public-sector deficit, but ruled out across-the-board tax rises.
France’s new PM warns of ‘very serious’ financial situation
But tighter fiscal policies could put Barnier on a collision course with the president
Indonesia expects 2024 Budget deficit at 2.7% of GDP
The excess from last year will be used to reduce debt issuance this year, the country’s finance minister reports
US budget office sees larger 2024 deficit due to Ukraine aid, student debt
THE US national debt is on track to soar 27 per cent higher this fiscal year than previously forecast, the non-partisan Congressional Budget Office (CBO) said Tuesday.
UK budget deficit overshoots in setback for Hunt’s tax cut plans
The budget deficit totalled £120.7 billion (S$203.1 billion) in the 12 months through March, more than the £114.1 billion forecast by the Office for Budget Responsibility just last month.
Budget 2024: First planned surplus in 7 years in FY2024, albeit ‘small’, at S$778 million
SINGAPORE is planning a year of small budget surplus, breaking a six-year planned deficit streak, even with major upgrades to areas such as transport, healthcare and education.
