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The Latest Breaking News from Deficit

Australia’s tax take is higher – but so are debt and deficit in this year’s budget

Higher-than-expected revenue has put the economy in a stronger position than last year and is helping fund pre-election policies including tax cuts

The Guardian - AU

Budget fundamentals smashed as storms cloud outlook

Australia's federal budget is forecast to eclipse $1 trillion in debt for the first time in 2025/26, as global challenges threaten the nation's coffers.

AAP

'Optimism' in budget as Australia seen turning a corner

The cost of living will be centre stage in the government's budget as many continue to do it tough, but a cabinet minister says there is reason to have hope.

AAP

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Chalmers is handing down the federal budget – here’s what we know so far

There will be energy bill relief and a cap on the price of medicines at the treasurer’s big reveal on Tuesday, but Australia is heading back into deficit

The Guardian - AU

Sadie Frost refusing to throw big party for 60th birthday

Sadie Frost is refusing to throw a big party to celebrate her upcoming 60th birthday because she feels "overwhelmed" in "big social situations" due to her ADHD (attention deficit hyperactivity disorder).

BANG Premier

How to watch France vs Croatia: Live streams for Nations League quarter-final second leg

France need to overturn a two-goal deficit at the Parc des Princes on March 23 – here's how to watch France vs Croatia online, on TV, and from anywhere.

FourFourTwo

Ivan Jovanovic issues rallying cry as Greece face make-or-break Hampden clash

Greece manager Ivan Jovanovic has urged his players to produce a “perfect game” if they are to overturn a one-goal deficit against Scotland at…

The National (Scotland)

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Trump’s tariffs program is based on flawed assumptions about the trade deficit

While persistent trade deficits are worrisome for many countries, that isn’t the case for the U.S.—and that’s a good thing.

Fortune

Expect a lot of talk about Australia’s deficit, but remember the golden rule: budgets are always about choices

The world trade system, and our ability to trust our biggest defence ally, is all gone to hell. What will Labor prioritise in the 2025 federal budget in such an uncertain global environment?

The Guardian - AU

Japan's exports surge in February, leaving a trade surplus as worries persist over Trump's tariffs

Japan has reported its exports grew at an 11% annual pace in February while imports declined slightly, leaving a surplus after two straight months of deficits as worries grow about President Donald Trump’s tariff hikes

The Independent UK

Germany’s economic sentiment hits 2-year high, EU exports to US soar

Germany’s economic sentiment hit a 2-year high, but the eurozone’s trade surplus fell sharply. EU exports to the US surged as firms frontloaded shipments ahead of potential Trump tariffs, while the trade deficit with China widened sharply.

Euronews

Red Bull reveals F1 upgrade plan to catch McLaren

Red Bull is aiming to introduce upgrades within "three to five races" to cure its main deficit compared to McLaren, says team advisor Helmut Marko.

Autosport

Tate museums to cut 7% of workforce amid financial challenges

Tate has announced that it is cutting 7% of its workforce, as the British arts institution grapples with a post-pandemic financial deficit. The move echoes major budget cuts for many cultural institutions globally, including major European museums.

Euronews

"Hell of a recovery" – but Piastri's already facing a major deficit in F1 title battle

Oscar Piastri’s sangfroid response to his painful Australian Grand Prix result will stand him well in the upcoming 2025 Formula 1 title battle with Lando Norris and Max Verstappen, but of the early contenders he alone now faces a big early points deficit.

Autosport

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Fortune

Trump claims tariffs will make the U.S. 'rich again.' But 5 undisputed facts about how they work throw cold water on that notion

What we know so far: Tariffs will have a huge effect on the economy—just not the one the President is projecting.

Fortune

How Trump’s tariffs could tank the U.S. economy

Steve Hanke of Johns Hopkins University puts it bluntly: “You can’t win a trade war,” he says.

Evening Standard

OPINION - My child may have ADHD — I am furious that anybody would think this real condition is a 'scam'

Anyone who thinks there’s anything mildly amusing about the reported rise in Attention Deficit Hyperactivity Disorder (ADHD) and autism spectrum disorder (ASD) diagnoses in the UK needs to have a word with themselves.

The Guardian - UK

Tate cuts 7% of workforce in effort to reduce funding deficit from pandemic

Arts institution says loss of 40 roles achieved through voluntary departures and recruitment freezes

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Reason

The 10 Worst Republican Budget Gimmicks

A guide to the gaslighting of voters.

Fortune

Government deficit rose 4% in Trump's first full month in office, despite DOGE. UBS says the U.S. is slashing confidence, not spending

While the government did cut its outlays in February, the budget deficit for the month more than doubled compared to January due to a drop in income.

Evening Standard

University of Dundee job losses should be ‘wake-up call’, Swinney told

The university announced on Tuesday it plans to cut 632 jobs as it bids to plug a £35 million deficit.

The Independent UK

Is Tottenham vs AZ Alkmaar on TV? Kick-off time, channel and how to watch Europa League fixture

Tottenham are under pressure to overturn a first-leg deficit and get their quest for silverware back on track

Evening Standard

Swinney voices concern at ‘extreme situation’ at University of Dundee

The First Minister’s comments come a day after the university said it will cut more than 600 jobs as it bids to tackle a £35 million deficit.

The Guardian - UK

Dundee University faces ‘hammer blow’ amid plans to cut 635 jobs

Interim principal says drastic measures needed to tackle £35m shortfall in day-to-day spending

Evening Standard

More than 600 jobs face axe at University of Dundee to tackle £35m deficit

The University and College Union described the news as a ‘hammer blow’ for staff.

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