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Deficit News

26 Mar 2024

India's CAD Dips To $10.5 Billion In October-December: RBI

The merchandise trade deficit at USD 71.6 billion was marginally higher than USD 71.3 billion during the third quarter of 2022-23.

13 Sep 2021

Pakistani rupee registers all-time low against the US dollar

Current deficit increased pressure on Pakistani rupee US dollar has become very strong in Pakistan

13 Sep 2016

US budget deficit totals $107.1 billion in August

The federal government recorded a deficit of USD 107.1 billion in August, slightly lower than the July deficit.

12 Jul 2016

EU launches sanctions procedure against Spain, Portugal on deficits

Eurozone finance ministers agreed Tuesday to officially begin a sanctions procedure against Spain and Portugal for doing too little to fix their rule-breaking deficits.

30 Jun 2016

April-May fiscal deficit at 43% of Budget estimates

Fiscal deficit in the first two months of the current fiscal was Rs 2.28 lakh crore or 42.9 percent of Budget estimates for 2016-17, much higher than the year-ago period.

27 Feb 2015

EU sets France tough budget deficit targets

The EU set France tough new targets on Friday to get its budget deficit back within Brussels rules, keeping up the pressure after giving Paris two more years until 2017 to toe the line.

26 Jan 2015

Kuwait projects $24 bn deficit despite spending cuts

Kuwait on Monday projected a $24-billion deficit in its new fiscal year budget despite a massive spending cut due to plunging oil prices.

15 Oct 2014

US budget deficit shrinks to lowest level since 2008

The US government`s budget deficit for fiscal year 2014 shrank to its lowest level in six years as tax revenues rose amid a growing economy, the Treasury Department said Wednesday.

08 Oct 2014

US budget deficit falls below 3% of GDP in 2014: CBO

The US budget deficit fell to 2.8 percent of the economy`s output in fiscal year 2014, as government revenues rose sharply, official data showed Wednesday.

02 Oct 2014

Fiscal deficit target 'challenging' but 'achievable': Citigroup

Government's fiscal deficit target of Rs 5.31 lakh crore is 'challenging' but 'achievable' thanks to lower crude oil prices and their impact on the subsidy bill, says a Citigroup report.

01 Oct 2014

France warns crisis to linger with slow growth, high deficits

Crisis-hit France admitted it would suffer from slow growth and high budget deficits for at least the next three years as it unveiled Wednesday a gloomy annual budget likely to drew ire from the EU.

30 Sep 2014

Fiscal deficit touches 75% of Budget Estimates in August

Fiscal deficit touched 74.9 percent of the Budget Estimates for 2014-15 to cross Rs 3.97 lakh crore at the end of August.

10 Sep 2014

EU demands `credible measures` from France on deficit

The European Union expects France to take "credible measures" to reduce its budget deficit to EU limits, a spokesman said on Wednesday after Paris warned it would miss its 2015 target by a wide margin.

18 Aug 2014

FY15 trade deficit likely at $142 bn; CAD at $39.3 bn: Citi

India's trade deficit for this fiscal year is likely to be around USD 142 billion, and the current account deficit for this period is expected to be contained at USD 39.3 billion or 1.9 percent of the GDP, a Citigroup research report says.

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