Deficit News

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

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

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

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.