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The Latest Breaking News from Deficit

Govt sets budget deficit limit at 3% of GDP for fiscal 2024

The government is planning to keep its budget deficit to no more than 3% of gross domestic product in the 2024 fiscal year, the finance minister said on Tuesday, aiming for a deficit of 593 billion baht.

Bangkok Post

Lakers player grades: L.A. loses again without Anthony Davis

The Lakers competed hard against the Hornets, erasing a 16-point deficit, but their lack of defense ultimately did them in.

USA Today Sports Media Group

Bears’ defense overmatched by Bills, but ‘we’re not soft’

Effort has kept the Bears competitive, but it hasn’t been enough to sufficiently offset the talent deficit they usually face.

Chicago Sun-Times

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Tunisia Seeks to Cut Fiscal Deficit to 5.5% in 2023, Led by Economic Reforms

Tunisia expects to reduce its fiscal deficit to 5.5% next year from a forecast 7.7% this year, driven by austerity measures that could pave the way for a final deal with the International Monetary Fund on a rescue package. The country has been in urgent need of international help for…

Asharq Al-Awsat

Dark clouds of global economic uncertainties may cast shadow on India's exports in 2023

NEW DELHI: India's exports may have touched an all-time high of $422 billion in 2021-22 but recession in key western markets and geo-political crisis due to the Russia-Ukraine war are expected to impact the growth of the country's outbound shipments in 2023.

The Times of India

Bruins overcome two-goal deficit to beat Jets, 3-2

BOSTON — The Bruins and their incredible run of home success appeared to be toast in the first period on Thursday at TD Garden. They were being outplayed, outworked and outscored by two goals and the Winnipeg Jets' terrific goalie Connor Hellebuyck was on his game.

Boston Herald

Congress Can Reduce the Deficit by $7.7 Trillion in 10 Years

The Congressional Budget Office projects that future deficits will explode. But there's a way out.

Reason

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Iconic Alexandra Palace seeks bailout after costs rise by 132%

The Grade-II listed building in north London has warned it may run up an operating deficit of £1.1m this year

Evening Standard

Jayson Tatum leads furious comeback bid, but Celtics fall short to Pacers after woeful first half

BOSTON — Throughout a slide that’s extended for nearly two weeks, the Celtics have given off a sense of optimism. After torching the NBA for the first six weeks of season, there seemed to be confidence that this was just a rough patch in a long season that has championship…

Boston Herald

Oman Sees 2023 Budget Deficit at 3% of GDP

Oman is forecasting a 1.3 billion rials ($3.39 billion) deficit in its 2023 budget, or 3% of the gross domestic product, following an expected surplus this year after higher oil prices boosted revenues. State media reported the Gulf state expects revenues of 11.7 billion rials ($30.2 billion), up 10% over…

Asharq Al-Awsat

Ghana to default on most external debt as economic crisis worsens

(This Dec. 19 story has been corrected to fix debt figures in first chart)

Reuters

Thurrock becomes latest council to declare effective bankruptcy

Disastrous investments in risky commercial projects have left Tory-run authority with a £500m deficit

The Guardian - UK

Bengals Are ‘Pretty Damn Good, Too’

The defending conference champions have a shot at the top seed after overcoming a 17–0 deficit to Tom Brady. Plus, the Lions believed in themselves, and now other teams do, too, and why a first-year Eagle is surprised with the team’s success.

Sports Illustrated

The University of South Wales facing a multi-million-pound financial deficit

The University's Vice-Chancellor Ben Calvert said its challenging financial outlook had been impacted in part by an increase in students not returning

Birmingham Post

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AAP

Glory beat Canberra for first ALW win

Perth Glory has secured their first win of the ALW season after overcoming a two-goal first-half deficit to down Canberra United 3-2.

USA Today Sports Media Group

The Vikings came back from a 33-0 halftime deficit and fans lined up to dunk on the Colts

Matt Ryan saw a 33-0 lead evaporate. Of course everyone had jokes. Well, the same joke, mostly.

Tribune News Service

Vikings rally from 33-point deficit to beat Colts, 39-36 in OT to win NFC North

MINNEAPOLIS — The Vikings rallied from a 33-0 halftime deficit to beat the Colts, 39-36, in overtime on a 40-yard Greg Joseph field goal to win the NFC North title Saturday at U.S. Bank Stadium.

Reason

November's $249 Billion Federal Budget Deficit Set a Record. Now, Congress Is Preparing To Spend Even More.

The government spent $501 billion in November but collected just $252 billion in revenue, meaning that about 50 cents of every dollar spent were borrowed.

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The Independent UK

Japan trade deficit soars on weak yen, high oil prices

Japan has reported its trade deficit surged to over 2 trillion yen ($15 billion) in November as higher costs for oil and a weak yen combined to push imports higher

Reuters

Peru eyes spending in protest zones, but fiscal goals 'non-negotiable' -minister

Peru's new government is looking at economic stimulus measures for regions being roiled by protests after the ouster of leftist leader Pedro Castillo, but will hold steady to "non-negotiable" fiscal deficit targets, the economy minister said on Tuesday.

The Guardian - US

Massachusetts recount flips state house election to Democrat by one vote

Democrat Kristin Kassner won against Republican opponent Lenny Mirra after a recount shrunk candidates’ narrow vote deficit to one

USA Today Sports Media Group

25 SKOL’s of Christmas: Kirk Cousins’ first major Vikings comeback

Despite a 20-point deficit, Kirk Cousins led a tremendous comeback victory

Reuters

Ukrainian officials warn of winter-long power deficit

Ukrainian officials said on Friday the country's energy system was stabilizing after the latest round of Russian air strikes but warned that a power deficit was likely to last throughout the winter.

Daily Record

'Staff cuts, council tax hikes and services slashed' as budget black hole widens by £10m in just four months

Councillors will have to consider cutbacks in staffing, hikes in the council tax and diminished services across

Daily Mirror

Britain's schools at breaking point with nothing left to give, headteacher warns

Headteacher Richard Slade said his school faces a minimum £154,000 deficit this financial year. He warned children's safety could be put at risk if schools are forced to make too many cuts

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