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The Latest Breaking News from Deficit

Russia rainy day fund shrinks by $38 billion as government plugs deficit

Russia's National Wealth Fund shrank to $148.4 billion as of Jan. 1, down $38.1 billion in a month, as the government took out cash to plug its budget deficit, data showed on Wednesday.

Reuters

States' fiscal health show improvement: RBI report

MUMBAI: States' gross fiscal deficit (GFD) is budgeted to decline from 4.1 per cent of gross domestic product (GDP) in Covid-hit 2020-21 to 3.4 per cent of GDP in 2022-23 showing improvement in their fiscal health, said a Reserve Bank report on Monday.

The Times of India

Independent and Labour councillors in Merthyr Tydfil clash over funding settlement

The independent cabinet member said UK Government had thrown the economy off a cliff but that Welsh Government had turned its back on the Valleys but Labour councillors said the responsibility lies with UK Government

Wales Online

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Netball: England clinch Jamaica series win with hard-fought victory at Copper Box

There was a full house to see England overcome a half-time deficit to win 63-59

The Independent UK

Panthers pull off rare comeback to win lone home game before another key road trip

SUNRISE, Fla. — The Florida Panthers were down in just 95 seconds Saturday, but for the second time in the last week — and only the fourth time all year — a deficit didn’t doom them.

Miami Herald

Celtics defeat Hornets 122-106 as Malcolm Brogdon scores 30 off the bench

Malcolm Brogdon scored 30 off the bench as the Celtics erased a 16-point deficit to beat the Hornets on the road Saturday night.

USA Today Sports Media Group

Another tax rise planned as Nottinghamshire Fire and Rescue Service faces deficit

Nottinghamshire Fire and Rescue Service said a council tax rise of £5 would make its finances 'far more manageable' over the coming years

Nottingham Post

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COVID-19 upended Texas schools’ finances. Now they’re calling for a new funding system.

Districts like Pflugerville ISD, which is struggling with a $12 million deficit and weighing school closures, say the pandemic and rising inflation have eroded the value of the state’s last effort to overhaul its public education finance system.

The Texas Tribune

Rangers beat Stars in OT on Adam Fox's goal after K'Andre Miller ties it with 0.7 left

NEW YORK — After they had rallied from two goals down on Tuesday to beat the Minnesota Wild at Madison Square Garden, the Rangers had every reason to believe that a one-goal deficit at home Thursday to the Central Division-leading Dallas Stars was not insurmountable.

Newsday

Rangers beat Wild in OT on Adam Fox's goal after K'Andre Miller ties it with 0.7 left

Newsday

A new ‘build your own budget’ tool reveals just how bad the stage-three tax cuts are

Parliamentary Budget Office tool shows how government could deliver tax cuts and also help those in much more need than people earning over $200,000

The Guardian - AU

Commentary: House Republicans’ first order of business? Balloon the $31 trillion national debt

Republicans have long claimed they are dedicated deficit hawks, blaming Democrats for growing deficits and debt. But two votes they cast after electing Kevin McCarthy as House speaker prove that Republicans are charlatans when it comes to deficit reduction.

Los Angeles Times

KU basketball erases 10-point deficit in final five minutes to defeat Oklahoma: Game recap

LAWRENCE, Kan. -- After playing, and winning, two road games last week, the No. 2-ranked Kansas Jayhawks were eager to begin a two-game home stand against longtime conference foe Oklahoma on Tuesday night.

Tribune News Service

California Gov. Newsom proposes cuts to climate change programs amid cloudy economic outlook

SACRAMENTO, Calif. — Facing a projected $22.5 billion budget deficit in the upcoming fiscal year, Gov. Gavin Newsom on Tuesday announced plans to reduce investments in the state’s move to zero-emission vehicles, make cuts to other climate change programs and delay funding for 20,000 new child-care slots as California transitions…

Los Angeles Times

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The Independent UK

California governor projects $22.5 billion budget deficit

California Gov. Gavin Newsom has projected a $22.5 billion budget surplus for the upcoming fiscal year

The Times of India

Budget 2023 to focus on fiscal consolidation; cap fiscal gap at 5.9%: Report

MUMBAI: The forthcoming budget is likely to meet the targeted 6.4 per cent fiscal deficit and pencil in for a 50 bps reduction in the same for the next fiscal, according to a foreign brokerage report.

Bangkok Post

Thais out to turn tables

Defending champions Thailand are confident that they will overturn a 1-0 deficit when they meet Malaysia in the second leg of the AFF Mitsubishi Electric Cup semi-finals at Thammasat Stadium on Tuesday night.

Miami Herald

Florida Panthers need major second-half season comeback to keep playoff hopes alive

On their way to winning the Presidents’ Trophy last season as the NHL’s top team in the regular season, the Florida Panthers showed their knack for winning in come-from-behind fashion. The “Comeback Cats” were feisty when trailing late in games, with no deficit seemingly too much to overcome.

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France 24

Macron’s pension reform: Necessary changes to an unsustainable system?

Prime Minister Élisabeth Borne is set to announce the French government’s pension reform plans on Tuesday, proposals that are likely to continue to prompt controversy. President Emmanuel Macron insists the reforms are needed to salvage a system that is unsustainable in its current form. But many are not convinced.

The Independent UK

Jacksonville Jaguars win AFC South with victory over Tennessee Titans

The Jaguars fought back from a 10-nil deficit in the second quarter.

Wales Online

Merthyr Tydfil Council facing budget gap of more than £11m

A report set to be considered by councillors lays out the stark position

The Independent UK

John Stones fires Premier League title warning to Arsenal after Man City cut gap

Man City cut the deficit back to five points with a 1-0 win at Chelsea on Thursday night

The Independent UK

Pep Guardiola jokes he is a ‘genius’ after substitutes lead Man City to victory at Chelsea

Riyad Mahrez fired City to a 1-0 win at Chelsea to cut the deficit to the leaders back to five points

Birmingham Post

Welsh trade deficit valued at more than £3bn latest figures reveal

Imported goods to Wales were valued at £22.8bn in the year ending September 2022

St. Louis Post-Dispatch

Arkansas outlasts Mizzou basketball in SEC heavyweight bout

FAYETTEVILLE, Ark. — The Missouri basketball program had never beaten three straight nationally ranked opponents before coming to Arkansas this week — and still hasn’t. The No. 20 Tigers’ quest to vanquish three consecutive ranked foes collapsed Wednesday under a smothering red wave at Bud Walton Arena, where No. 13…

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