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The Latest Breaking News from Deficit

How to end the wasteful boom-bust cycle driving NZ’s infrastructure gap: new report

Debates about infrastructure often turn around money – with good reason. It’s estimated New Zealand’s infrastructure deficit – the amount we would need to spend to modernise, upgrade and build what we need today – is more than NZ$100 billion.

The Conversation

Jeremy Hunt’s tax cut plans face setback as government borrowing tops £20bn

ONS says budget deficit £1.5bn higher than previous year due to increased spending on benefits and weaker tax revenues

The Guardian - UK

Biden’s record on the economy is good but voters don’t feel it. Character, not policy, is key to victory

The economy is doing well – far better than under Trump – but Democrats must ask voters if they want a sociopathic infant with fascist tendencies

The Guardian - US

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Japan racks up trade deficit as imports balloon due to cheap yen

Japan’s trade deficit in April grew nearly 8% from a year earlier as the weak yen boosted the cost of imports, offsetting a jump in exports

The Independent UK

Walking Tips For Belly Fat Loss And Weight Management Revealed

Learn how walking can help you lose belly fat by creating a calorie deficit and incorporating strength training for optimal results.

Top News

Queensland budget forecast to be at least $3b deficit

Queensland's treasurer has revealed the upcoming budget will forecast a $3 billion deficit as the government spends on cost-of-living relief measures.

AAP

Edwards leads Wolves back from 20-point deficit for 98-90 win over defending NBA champion Nuggets

Anthony Edwards overcame a slow start and the Timberwolves roared back from a 20-point second-half deficit to eliminate the reigning NBA champion Denver Nuggets 98-90 in a Game 7 Minnesota masterpiece

The Independent UK

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Teachers criticize Newsom's budget proposal, say it would 'wreak havoc on funding for our schools'

California's largest teachers union is turning up the pressure on Gov. Gavin Newsom

The Independent UK

Jamie Dimon once again says we should tackle the national deficit: ‘That is important for the world’

Dimon said the deficit isn’t going to be a calamity anytime soon, but it’s making inflation worse and could prompt financial markets to force tough choices later.

Fortune

India's April Trade Deficit Grows Due To Lower Exports

Learn about India's widening trade deficit in April due to decreased exports and the impact of the pandemic on the economy.

Top News

Chalmers’ profligate, partisan and possibly prescient budget

Labor’s budget sends us deep into deficit — and it’s possible that it might not be enough to prop up the economy.

Crikey

Evans feels “new ideas” are required after WRC Portugal struggles

The Toyota driver felt that “everything he touched went wrong” last weekend as he witnessed his six-point deficit to championship leader Hyundai’s Thierry Neuville balloon to 24 points.

Autosport

2024 budget delivers minor surplus but deficits loom over economy as Australia’s spending ramps up

Major shortfalls predicted over next two years as Jim Chalmers downplays potential for inflationary pressures

The Guardian - AU

Australia budget 2024: the six graphs you need to see

A surplus matters less than what choices the government makes in its budget – here’s what Jim Chalmers’ statement tells us

The Guardian - AU

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Crikey

Labor’s budget eyes a flagging economy and voters. But is it a ‘magic pudding’?

With an election on the horizon, the government’s budget is heavy with stimulus-focused spending that it’ll be hoping appeases voters. But will it worsen inflation?

USA Today Sports Media Group

Player grades: Thunder survives thriller with 100-96 Game 4 win over Mavericks

DALLAS - Sitting next to each other on a golf cart that zoomed the duo out of the hallways of the AAC arena, Shai Gilgeous-Alexander and Jalen Williams left Dallas in style as their exit resembled a scene straight out of a heist movie. A fitting ...

AAP

Opera Australia grasps The Ring, but plunges to a loss

Opera Australia's groundbreaking production of Wagner's Ring Cycle contributed to another deficit for 2023.

Top News

Platinum Deficit To Increase In 2024, WPIC Reports

World Platinum Investment Council forecasts platinum deficit in 2024 due to supply challenges, impacting market dynamics.

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USA Today Sports Media Group

Player grades: Thunder struggles to score in 105-101 Game 3 loss to Mavericks

DALLAS - Down three points, Shai Gilgeous-Alexander tried to erase the deficit in a single moment. An ambitious MVP runner-up attempted a stepback 3-pointer over Dereck Lively II that hit the backboard with a minute left. This was OKC's best shot in ...

Evening Standard

Bristol 20-41 Saracens: Sarries boost play-off hopes with bonus-point victory

Visitors overcome deficit at Ashton Gate

Top News

California Gov. Newsom Proposes Cutting 10,000 State Jobs

Governor Newsom's plan to address California's .6 billion deficit through job cuts and financial measures.

Top News

California Faces Billion Deficit, Gov. Newsom Proposes Budget Cuts

California's .7 billion budget deficit prompts proposed cuts across various programs to address the shortfall.

Top News

California Faces .6 Billion Budget Deficit, Gov. Newsom Proposes Cuts

California Governor Newsom announces .6 billion budget deficit, proposing significant cuts and eliminations to address financial challenges.

WEKU

Tax revenue jumps 22% in April, but U.S. deficit still looms large

The U.S. Treasury ran a surplus last month, thanks in part to the April 15th tax deadline. But the federal government is still expected to end the year more than $1.5 trillion in the red.

Motorsport

Vasseur: Miami F1 shows Red Bull is 'no longer in its comfort zone'

Last year Red Bull won all but one of the season's 22 grands prix, and at the start of this year, there was scant evidence to suggest the team and its dominant driver Max Verstappen could be prevented from repeating its walkover. But while it still has the fastest car…

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