The Latest Breaking News from Deficit

GERS figures show 'huge fall' in Scotland's deficit

SCOTLAND’S deficit has decreased dramatically to £23.7 billion, new figures have shown.

The National (Scotland) · Aug 24, 2022

OMB: Deficits, growth lower in the near term, inflation up

WASHINGTON — The White House’s annual update to its most recent budget forecasts shows a brighter near-term picture for federal finances but a gloomier outlook for inflation and economic growth.

Tribune News Service · Aug 23, 2022

Biden administration forecasts $1.03T deficit, down $400B

The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending, and an economy that has recovered all of the jobs lost during the multi-year pandemic

The Independent UK · Aug 23, 2022

German dependence on China growing 'at tremendous pace', research shows

The German economy became more dependent on China in the first half of 2022, with direct investment and its trade deficit reaching new heights, despite political pressure on Berlin to pivot away from Beijing, according to research seen by Reuters.

Reuters · Aug 19, 2022

Gold imports up 6.4% to $13 billion in April-July this fiscal

NEW DELHI: India's gold imports, which have a bearing on the country's current account deficit (CAD), rose 6.4 per cent to $12.9 billion during April-July this fiscal due to healthy demand, according to government data.

The Times of India · Aug 19, 2022

Labour lost 91,000 members last year, new accounts show

The party also ended 2021 with a deficit of more than £5 million, driven by staff redundancies and a drop in income from membership fees.

The Independent UK · Aug 17, 2022

Labour £4.8m in deficit after redundancy payouts and membership losses

Treasurer’s report describes last year as ‘difficult and demanding’ but says return to normal operations is expected

The Guardian - UK · Aug 17, 2022

Labour Party haemorrhaging funds and members, accounts reveal

LABOUR has haemorrhaged thousands of members and is stuck with a multi-million dollar financial deficit, the party’s latest accounts show.

The National (Scotland) · Aug 17, 2022

Labour loses nearly 100,000 members and makes £5 million loss in 2021

Party’s income from membership fees has been cut and makes up majority of deficit

The Independent UK · Aug 17, 2022

Cost of expensive drugs and workers' pay won't make Scots health board's £26m shortfall worse

Its finance director says the increasing cost of rare medicines and higher than anticipated pay agreements can be dealt with.

Daily Record · Aug 16, 2022