The Latest Breaking News from Deficit

Council leader accused of 'deliberately painting worst case scenario' over growing deficit

Wirral's Greens criticised the handling of council finances but Labour say rising inflation is to blame

Liverpool Echo · Sep 30, 2022

An independent Wales' fiscal deficit lower than previous estimates says new report

The report has been hailed a "game changer" by Plaid leader Adam Price

Birmingham Post · Sep 30, 2022

Council deficit balloons to £49m with vote asking for bailout expected soon

Asked if a bankruptcy declaration is possible, Cllr Williamson said there were no plans to, adding “people didn’t vote us in to abdicate responsibility"

Liverpool Echo · Sep 30, 2022

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 · Sep 29, 2022

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 · Sep 29, 2022

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 · Sep 29, 2022

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 · Sep 29, 2022

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 · Sep 28, 2022

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 · Sep 27, 2022

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 · Sep 27, 2022