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The Latest Breaking News from Deficit

Increase in Renfrewshire Council's predicted budget deficit branded 'worrying' at key meeting

A potential black hole of £31m in the next three years, first estimated in June, has already deteriorated to £35m.

Daily Record

Current account deficit widens to 2.8% of GDP in Q1 of FY23: RBI

MUMBAI: India's current account deficit, a key indicator of the balance of payment position, widened to 2.8 per cent of GDP at $23.9 billion in the first quarter of the current financial year, mainly on account of a higher trade deficit.

The Times of India

Commentary: How Fed-induced inflation is battering your wallet

A common sound bite today is that the Federal Reserve’s recent interest rate hike is pushing the nation toward recession. But that’s like beginning a book on page 813. The origin of today’s economic malaise is prolonged and massive federal budget deficits, combined with a Fed willing to finance those…

Tribune News Service

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TS witness favours priority for in-basin needs over protection of outside needs

He says inter-basin water transfer shall be from surplus basin, not form deficit basin

The Hindu

No Margaret Thatcher? UK PM Truss's tax cuts trigger market mayhem

There's a run on the pound and panic in the markets over the UK's biggest tax cut for the rich in half a century. New Prime Minister Liz Truss is taking the concept of "going for broke" to a whole new level, with an almighty gamble that the deficit will…

France 24

Govt plans B820bn in new borrowing in 2023 fiscal year

The cabinet on Tuesday approved new borrowing of about 820 billion baht in the 2023 fiscal year starting Oct 1 to help finance a budget deficit, the Finance Ministry said.

Bangkok Post

Tamil Nadu should aim for public debt-GDP level of 18.36%: Study

Debt sustainability is possible only if fiscal deficit is brought down to 2%, says a Madras School of Economics paper

The Hindu

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Kobe Bryant’s top 100 games: No. 15

Kobe Bryant's 50 points, 40 of which came in the second half, helped the Lakers overcome a 13-point deficit to beat the Clippers in 2006.

USA Today Sports Media Group

KC Royals save biggest comeback of year for home finale, ride 11-run inning to victory

KANSAS CITY, Mo. — The Kansas City Royals overcame a nine-run deficit in a wild game that included an eight-run inning by one club and an 11-run inning by the other.

Tribune News Service

Scotland 2-1 Republic of Ireland: Late Ryan Christie penalty secures Nations League comeback win

Scotland manager Steve Clarke praised his side for showing the patience and composure to overturn a half-time deficit and defeat Republic of Ireland 2-1.

Evening Standard

Mariners avoid getting swept with 9-5 comeback win over A’s

OAKLAND, Calif. — With his star center fielder in the training room having been with an aching lower back and his starting pitcher, who is one of the best in baseball at throwing strikes, unable to find the strike zone and allowing the Oakland A’s to turn Seattle’s three-run lead…

Tribune News Service

India's rice production may fall 6% to 104.99 million tonnes in kharif season of 2022-23

NEW DELHI: India's rice production is likely to decline by 6 per cent to 104.99 million tonnes in the kharif season this year due to a fall in paddy acreage amidst rainfall deficit in key producing states, including Jharkhand, Madhya Pradesh and West Bengal.

The Times of India

Expected Interest Rate Hike Will Add $2 Trillion to the Deficit

So much for the idea that low interest rates meant the government could borrow endlessly with no consequences.

Reason

AJC poll gives Republicans the edge in most races

ATLANTA — The latest Atlanta Journal-Constitution poll paints a bleak picture for Georgia Democrats in November, with every statewide candidate aside from U.S. Sen. Raphael Warnock facing a sizable deficit less than two months before the election.

Tribune News Service

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The Conversation

Government announces inquiry into childcare costs, while Chalmers promises 'conversation' about budget challenges

The Albanese government will set up an inquiry into the increasing cost of child care, which will start in January and run for a year.

Reuters

Russia's PM sees budget deficit at 2% of GDP in 2023

(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine)

The New Daily

Axe hangs over Morrison’s legacy as government gets serious before budget

Slashing budget deficits have long been cast as a Treasurer’s reason for being. But Jim Chalmers was muted on Tuesday.

Asharq Al-Awsat

Morocco’s Budget Deficit Reaches $3bn in August

Morocco’s Ministry of Economy and Finance said Monday that the situation of the Moroccan Treasury's expenses and resources indicated a budget deficit of 30.4 billion dirhams ($3 billion) by August 31, against 43.3 billion dirhams ($4.3 billion) a year earlier. Also, tax revenues showed a good overall performance, with an…

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The Independent UK

Week 2 provides a Comeback Sunday NFL hasn’t seen in years

Call it a Comeback Sunday the NFL hasn’t seen in years

USA Today Sports Media Group

Falcons nearly overcome 28-3 deficit in Week 2 loss

The Falcons nearly overcame a 28-3 Rams lead but fell short in the fourth quarter.

Miami Herald

Tagovailoa throws career-high 6 TDs, Dolphins overcome 21-point deficit in win over Ravens

BALTIMORE — The Dolphins completed one of their most miraculous come-from-behind victories in franchise history in Baltimore.

Newcastle Herald

Flynn Goodman to the rescue as Maitland Magpies soar into NPL men's grand final

Flynn Goodman stepped in for an injured James Thompson to score a hat-trick and help send Maitland into the NPL men's NNSW grand final with a 4-1 comeback win over Broadmeadow at Cooks Square Park on Sunday. The Magpies, two weeks after clinching the premiership, lost Thompson to a nasty…

Wales Online

Who picked the PM? Breakdown of voters for Tory leader

Critics have pointed to a democratic deficit at the heart of the contest

The Hindu

How climate change is altering Indian monsoon

Research shows that global warming increases the fluctuations in the monsoon, resulting in both long dry periods and short spells of heavy rains

The Hindu

Bescom has surplus power, but plans special drive to counter ₹1,412 crore deficit in revenue

Following the launch of the special drive, tariff collection efficiency reached 100.88% in August 2022

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