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The Latest Breaking News from Deficit

Amid war, Ukrainian parliament approves 2023 state budget

Ukraine's parliament approved the 2023 draft budget with a "record deficit" of $38 billion, a senior parliamentarian said on Thursday, describing it as a "budget for victory" against Russia.

Reuters

Council's latest plans to battle rising costs as £49m deficit looms next year

Wirral Council has seen big drops in income at gyms and car parks at the same time costs continue to rise

Liverpool Echo

The UK economy is about to be thrown into a black hole – by its own government

It fits the definition of madness to propose more austerity. But that, along with higher interest rates, is what’s coming, says Guardian economics editor Larry Elliott

The Guardian - UK

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Glasgow City Council faces massive cuts with deficit 10 times higher than last year

Glasgow City Council has warned it is facing massive cuts next year to meet its biggest ever budget deficit.

The National (Scotland)

MSU basketball overcomes halftime deficit to top Grand Valley State in exhibition opener

It wasn't pretty but Spartans survive upset scare to top Grand Valley State in exhibition opener

USA Today Sports Media Group

Mikel Arteta's Arsenal have £192m transfer deficit in Premier League title charge with Man City

Arsenal news: Manchester City have spent big on transfers in recent seasons to become an all conquering Premier League side under Pep Guardiola but Mikel Arteta is doing things differently

Football London

As exports rise, Bank of Thailand ends Covid support measures

Thailand recorded a current account surplus of $0.6 billion in September after a deficit of $3.5 billion the previous month, the central bank said on Monday as it announced the end of pandemic-era financial support measures.

Bangkok Post

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Victorian government defends budget handling as deficit jumps by $1.8 billion

Tim Pallas says the government took "very calculated and conscious" decisions to steer the state's economy through the pandemic, as fresh figures reveal a $1.8 billion jump in the budget deficit for this year.

ABC News

Ducks rallied from two-goal deficit to defeat Maple Leafs in overtime

ANAHEIM, Calif. — Finally, a ray of sunshine in a dark month for the Ducks.

The Orange County Register

Vic deficit to balloon as net debt falls

Victoria is set to record a $1.8 billion higher deficit in 2022/23 than previously forecast but net debt will shrink, according to a mid-financial-year update.

AAP

Tagovailoa throws 3 TDs as Dolphins erase 10-point halftime deficit in 31-27 win over Lions

DETROIT — The Dolphins’ revamped offense was looking for a breakthrough and found it in Detroit on a day when the team needed it most.

Miami Herald

After sluggish start, starters help Warriors wake up but fall short to Hornets in overtime

CHARLOTTE, N.C. – The Warriors overcame a double-digit deficit after the break and held a four-point lead with about a minute remaining, but couldn’t hold on and fell to the Charlotte Hornets 120-113 in overtime.

Tribune News Service

Portugal's parliament approves budget bill on first reading

Portugal's parliament easily approved the majority Socialist government's 2023 budget bill on its first reading on Thursday, paving the way for planned further deficit and debt reductions despite a sharp economic slowdown.

Reuters

Takeaways: Kevin Porter Jr. leads Rockets back in close loss at Utah

Kevin Porter Jr. (24 points, 5 assists) led Houston back from a 19-point deficit in the second half, but it wasn’t quite enough in Utah on an off night by Jalen Green.

USA Today Sports Media Group

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The Times of India

India, China trade crosses $100 billion during Jan-Sept; trade deficit climbs to over $75 billion

BEIJING: India and China bilateral trade continued to boom, crossing $100 billion for the second year in the first nine months of 2022 while India's trade deficit climbed to over $ 75 billion, according to trade data released by Chinese customs.

The New Daily

Opposition hits out at Labor’s ‘vanity’ budget

The shadow treasurer rejected the concept of the structural deficit at the heart of the budget and said the economy could be grown faster.

Chicago Sun-Times

Bulls coach Billy Donovan may have stumbled onto a ‘Bench Mob’ sequel

Looking for some sort of spark in the first half against Boston on Monday, Donovan rolled out a grouping that hadn’t seen much time together. All those four reserves and Zach LaVine did was help overcome a 19-point deficit and bring the Bulls back for a stunning win. So does…

The New Daily

Alan Kohler: Jim Chalmers delivers a responsible budget, with no repair and no relief

The last time a new government brought down its first budget, in 2014, it was a disaster for all concerned.

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The Guardian - AU

Six graphs that explain the 2022 federal budget: rosy views mugged by reality

Australian treasurer Jim Chalmers’ main economic message is enjoy today because tomorrow is going to be tough

The New Daily

Chalmers’ budget debut enlivens a ‘safe change’ agenda and lays the groundwork for more

Jim Chalmers promised a “bread-and-butter” budget, but he is unlikely to have disappointed Labor’s faithful by delivering it.

Chicago Sun-Times

Bulls bench takes a mob mentality in coming back to beat Celtics

It couldn’t have gone any worse for the starters out of the gate, but facing a 19-point deficit the reserves sparked a fire that Boston couldn’t put out. Now, what to do about the starters and the part-time mentality that has messed with their consistency?

The Conversation

From water conservation to crop selection, how farmers can take action against drought

As climate change accelerates, many countries around the world are increasingly facing the risk of drought. Water scarcity has become one of the major constraints of food production in the 21st century, and a major threat for our current and future food security. In the Horn of Africa, four consecutive…

AAP

Chalmers braces for budget belt tightening

Treasurer Jim Chalmers has unveiled a budget that includes cost of living relief and down payments on election promises, but warns of hard decisions to come.

The National (Scotland)

Alba Party advert 'blocked' by BBC as party decry 'democratic deficit'

ALBA have accused the BBC of “blocking” their party political broadcast – despite showing one earlier this year.

The Conversation

Budget deficit this financial year to be $36.9 billion

Treasurer Jim Chalmers has said the budget bottom line will be more than $40 billion better over the four-year forward estimates in total than previously forecast.

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