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The Latest Breaking News from Deficit

French government plans unemployment reform, refuses new taxes

French Prime Minister Gabriel Attal signals a further tightening of unemployment benefits as France seeks to reduce an unexpectedly large budget deficit. Meanwhile, the government rules out new taxes, despite calls from French lawmakers to tax corporate windfalls and share buybacks. We take a closer look in this edition.

France 24

Ontario's Budget Deficit Triples Amid Economic Slowdown

Ontario faces a tripling budget deficit due to economic slowdown, prompting reevaluation of financial strategies.

Top News

Brazil's Central Government Primary Deficit Surges In February

Learn about Brazil's central government primary deficit surge in February and its implications on fiscal health and economic stability.

Top News

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Karnataka facing a power shortfall of 300 to 500 MW during peak hours, but situation largely stable, says Energy Dept. data

As Karnataka enters the summer months, there is an electricity deficit of 300 to 500 MW (75 – 125 million units (MU)) during peak hours in some blocks, according to data provided by the Energy Department. Although the power situation in the State is largely stable now, the government is…

The Hindu

French budget deficit widens but government promises no tax hike

France's budget deficit widened more than forecast in 2023, official figures showed Tuesday, undermining President Emmanuel Macron's pledge to bring national finances back on track within the next four years.

Radio France Internationale

French Deficit Worsens To 'Very Rare' Level

France's budget deficit overshot forecasts in 2023, official figures showed Tuesday, undermining President Emmanuel Macron's pledge to bring national finances back on track within the next four years.

International Business Times

California Faces Highest Unemployment Rate In The Nation

California grapples with highest unemployment rate, job growth issues, and budget deficits, prompting calls for policy changes.

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Ceiling on net borrowing: SC reserves order on Kerala’s plea seeking interim relief

Supreme Court reserves order on Kerala government's plea against borrowing cap, citing financial autonomy and fiscal deficit concerns.

The Hindu

JackJumpers dig deep to level NBL Championship Series

The JackJumpers have dug deep to overcome a 15-point second-half deficit to level the NBL Championship Series against Melbourne United with their 82-77 win.

AAP

US Current Account Deficit Narrows In Q4

US current account deficit narrows in Q4, signaling improved economic performance with increased exports and moderated imports.

Top News

UK Budget Deficit Grows Due To Cost Of Living

Learn about the surge in the UK's budget deficit in February due to cost of living payments and inflation, impacting economic stability.

Top News

UK government borrows more in February than forecast with highest debt since 1960s

Higher than expected figure of £8.4bn in February could derail OBR forecast for £114.1bn deficit for 2023-24

The Guardian - UK

Japan's Exports Rise 7.8% In February, Trade Deficit Narrows

Japan's exports surged in February, leading to a trade deficit. Bank of Japan raised interest rates, while exports to key regions grew. Despite economic ch...

Top News

Argentina Progressing Towards Fiscal Stability And Energy Growth

Tecpetrol highlights Argentina's progress in fiscal deficit reduction and energy production growth at CERAWeek.

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Evening Standard

Scottie Scheffler retains Players Championship title after Wyndham Clark misses last-gasp putt

Reigning world No1 narrowly avoids a playoff at TPC Sawgrass after overhauling five-stroke deficit to become first back-to-back winner

Motorsport

Leclerc: "A matter of time" before Ferrari puts Red Bull under pressure in F1

Leclerc opened his 2024 account with a first podium in last weekend's Saudi Arabian Grand Prix, one week on from team-mate Carlos Sainz also grabbing third in Bahrain. For Leclerc, who started from second behind polesitter and eventual winner Max Verstappen in both races, 2024 has gotten off to a much more…

The Canberra Times

Barr and Lee set the scene for the ACT election

Both leaders gave speeches this week about the economy.

Barchart

Crude Prices Rally on IEA Forecast for 2024 Oil Deficit

April WTI crude oil (CLJ24 ) is up +1.32 (+1.66%), and Apr RBOB gasoline (RBJ24 ) is up +0.156 (+0.59%). Oil prices are trading higher on today's IEA's report, which said the oil markets face a supply deficit for the remainder of this year due to OPEC+ production cuts. Oil...

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The Guardian - AU

Turnbull says Australia ‘mugged by reality’ on Aukus deal as US set to halve submarine build

Former PM says the reality is the US will not make their submarine deficit worse by giving or selling submarines to Australia

Top News

US February Budget Deficit Increases Due To Interest Costs, Refunds

US budget deficit rises in February due to increased interest costs and tax refunds, emphasizing the need for fiscal responsibility and effective financial...

Top News

President Proposes Increasing Taxes On Wealthy To Reduce Deficit

President Biden's plan to reduce the deficit by trillion through fair taxation and spending cuts faces ongoing debate and skepticism.

Top News

Biden's Budget Proposal Focuses On Tax Breaks And Health Care

President Biden's proposed budget for fiscal 2025 focuses on tax breaks, health care, deficit reduction, and increased taxes. It aims to trim deficits by $...

The Guardian - UK

‘Make it happen’: Mikel Arteta targets Champions League win against Porto

The Arsenal manager said: ‘We’re certainly going to have to tweak a few things’ as they bid to overturn a 1-0 first-leg deficit on Tuesday night

Top News

President Biden Unveils Budget Plan To Reduce Deficit By Trillion

President Biden's budget plan focuses on deficit reduction, tax increases, and investments in healthcare, housing, and infrastructure.

Roll Call

Biden budget offers up election-year contrast with GOP foes - Roll Call

HIs fiscal 2025 blueprint focuses on health care and housing costs, child care funding, college aid and expanded paid leave for workers.

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