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The Latest Breaking News from Deficit

Fiscal deficit touches 20.5% of annual target in April-July: official data

A fiscal deficit is a reflection of government borrowings from the market

The Hindu

Ferrari: Spa straightline speed deficit to Red Bull not a concern for Monza

Ferrari does not believe that its Spa straightline speed deficit to Red Bull will prove to be a concern at its home Formula 1 race at Monza next weekend.

Motorsport

Ferrari: Straightline speed deficit to Red Bull at Spa not a concern for Monza

Ferrari does not believe its Spa straightline speed deficit to Red Bull will prove to be a concern at its home Formula 1 race at Monza next weekend.

Autosport

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Trade deficit widens in July, exports up but manufacturing disappoints

Thailand recorded a current account deficit of $4.1 billion in July after a deficit of $1.9 billion the previous month, the Bank of Thailand said on Wednesday.

Bangkok Post

Katy Gallagher says the federal budget is in worse shape than many state and territory budgets. Is that correct?

Finance Minister Katy Gallagher says the federal budget is in worse shape than many state and territory budgets. Is that correct? RMIT ABC Fact Check investigates.

ABC News

Rory McIlroy's classy embrace with Scottie Scheffler's family after FedEx Cup

McIlroy remarkably overturned a six-shot deficit in the final round of the Tour Championship to become the first player to win the FedEx Cup three times

Irish Mirror

When can Verstappen clinch the 2022 F1 world title?

Max Verstappen's dominance after the summer break has put him 109 points clear in the Formula 1 championship standings. Here's how he can win the title in the coming races.

Autosport

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KAPSARC Warns of Challenges Hindering Investments in Oil, Gas

Industry investment should increase during the next two years, otherwise, the world risks a significant deficit of oil and gas supply by 2025 and beyond, found a report by the King Abdullah Petroleum Studies and Research Center (KAPSARC). It also warned of a high probability of the price of oil…

Asharq Al-Awsat

Commentary: A miss in the Inflation Reduction Act: Better paid leave policies

The Inflation Reduction Act is now law. In the long run, the law is expected to have beneficial effects on deficit reduction as per the Congressional Budget Office. Through extensions of Affordable Care Act subsidies and prescription drug pricing reforms, it aims to decrease health care expenditures for seniors and…

Tribune News Service

Sri Lanka in 'final stage' of IMF talks; budget deficit widens

Crisis-hit Sri Lanka unveiled fresh measures on Tuesday in an interim budget aimed at clinching a bailout package from the International Monetary Fund, talks for which, the president said, had reached the "final stage".

Reuters

Egypt Sees Budget Deficit Narrowing to 5.6% of GDP this Year

Egypt expects more progress on reducing its budget deficit this year and a foresees a decline in its debt ratio after currency devaluations caused it to rise last year, Finance Minister Mohamed Maait told a news conference on Monday. The deficit was expected to narrow to 5.6% of gross domestic…

Asharq Al-Awsat

Rory McIlroy celebrates €18million FedEx Cup win with heartwarming video call to daughter Poppy

The Hollywood man remarkably overturned a six-shot deficit in the final round of the Tour Championship to become the first player to win the FedEx Cup three times

Irish Mirror

FedEx Cup prize money as Rory McIlroy pockets a fortune

The Hollywood man remarkably overturned a six-shot deficit in the final round of the Tour Championship

Irish Mirror

Magnificent Rory McIlroy secures historic FedEx Cup hat-trick and $18m prize

“What a week, what a day” said the Northern Irishman after pipping Scottie Scheffler.

The Independent UK

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The Hindu

120% excess rainfall in Anantapur to be beneficial for farmers

Sathya Sai district also records above normal rain but Kurnool, Nandyal record deficit

Asharq Al-Awsat

Egypt Finance Ministry Stresses Flexibility in Handling Global Economic Changes

Egypt’s Finance Minister Mohammed Maait stressed that his country was capable of handling with flexibility the rapid global economic changes that are directly impacting consumers and public policies. He made his remarks on Saturday while presenting the performance indicators for 2021/2022, saying Egypt was one of the few countries that…

USA Today Sports Media Group

Northwestern rallies from double-digit deficit to jar Nebraska

Northwestern rallies to defeat Nebraska in Dublin

Asharq Al-Awsat

Refreshed Leclerc Eyes F1 Comeback; Hamilton Encouraged

Charles Leclerc really needed the Formula One break to clear his mind. His season started so promisingly, then his big lead over title rival Max Verstappen blew up into a huge deficit. Leclerc won two of the first three races for Ferrari as Verstappen's Red Bull had reliability woes. But…

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The Guardian - UK

Scotland’s public spending deficit hits record of nearly £2,200 a head

GERS data puts gap between tax receipts and expenditure at £23.7bn despite jump in income from oil and gas

The National (Scotland)

SNP and Tories fight it out on what GERS figures mean for independent Scotland

THE release of the annual Government Expenditure and Revenue Scotland (GERS) figures has once again sparked a fierce debate on Scottish independence…

Insider UK

Scotland’s deficit drops by 10%, but remains twice that of UK

The net fiscal balance was still a deficit of 12.3% of GDP, or £23.7bn, during 2021-22

Daily Record

GERS figures: Scotland's deficit falls to £23.7bn but still more than double the rest of the UK

GERS figures show the public spending deficit was £12.6bn lower than the previous year.

The National (Scotland)

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

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

Tribune News Service

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.

The Independent UK

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

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