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The Latest Breaking News from Deficit

Czech government will try to meet 2023 budget deficit target, PM says

The Czech government will try to meet its 2023 budget deficit target of 295 billion crowns ($13.4 billion) although the gap almost expanded to that level already in May, Prime Minister Petr Fiala said on Sunday.

Reuters

Andhra Pradesh: Development has come to a halt under YSRCP government, says Chandrababu Naidu

The Telugu Desam Party government, during its term, had taken all possible measures to take Andhra Pradesh on the path to progress despite deficit budget, says party national president Chandrababu Naidu

The Hindu

Centre has sanctioned maximum financial assistance to Andhra Pradesh to help it overcome the bifurcation blues, says G.V.L. Narasimha Rao

Besides releasing ₹10,461 crore towards revenue deficit grant recently, the Union government has decided to disburse ₹12,911 crore for the construction of the Polavaram irrigation project, says BJP Rajya Sabha member G.V.L. Narasimha Rao

The Hindu

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British universities can no longer financially depend on foreign students. They must reform to survive

With spiralling deficits and little prospect of government support, higher education’s only long-term hope lies in radical change, says the Guardian columnist Simon Jenkins

The Guardian - UK

Former Treasury Secretary Summers Criticizes IRS Provisions In Debt Ceiling Agreement

Summers opposes IRS funding cuts in debt ceiling deal, warns of future deficits and tax cheats' advantage.

Zenger

NSW vice-chancellors get big pay bumps despite universities plunging into the red

Critics say million-dollar salaries are ‘wildly out of touch’ as annual reports show some academic chiefs got $200,000 raise last year

The Guardian - AU

CBO says debt ceiling deal would cut deficits by $1.5 trillion over the next decade

Congressional forecasters say the debt ceiling deal struck by President Biden and House Speaker Kevin McCarthy over the weekend would reduce deficits by about $1.5 trillion over the next decade.

WEKU

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‘Disconnected’ Sky routed by Dream on the road

The Sky trailed by 15 points at the half and saw their deficit balloon to as many as 22 in the fourth quarter before falling 83-65 for their second loss of the season.

Chicago Sun-Times

New government urged to avoid excessive spending

The stock market will be gripped by panic if the new government is "addicted to budget deficits", raising doubts about fiscal sustainability, says Kiatnakin Phatra Securities (KKP).

Bangkok Post

Reacting to the Boston Celtics’ 103-84 blowout in Game 7 of the East finals vs. the Miami Heat

After miraculously walking down a 3-0 series deficit to tie things up 3-3, the Boston Celtics ultimately collapsed under pressure.

USA Today Sports Media Group

Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government

Even with new spending restraints included in the congressional debt limit deal, the U.S. government’s deficits are still on course to keep climbing to record levels over the next few decades

The Independent UK

Boston Celtics at Miami Heat: How to watch, broadcast, lineups (Game 7)

The Celtics are poised to become the first in NBA history to come back from a 0-3 deficit with a win.

USA Today Sports Media Group

Celtics Lab 198: Boston beats the odds again, turns garbage to gold to force Game 7

A miraculous tip-in won the game for the Celtics and put Boston in a position to be the first team in the history of the NBA to overcome a 0-3 series deficit.

USA Today Sports Media Group

Verstappen: Alonso performances a reward of self-belief, commitment to F1

The Red Bull driver made a successful swoop for pole in the dying stages of Q3 to deny Alonso the chance of a first F1 pole since 2012, using the final corners to overturn a deficit of two tenths accrued in the opening pair of sectors.

Autosport

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Autosport

F1 Monaco GP: Verstappen edges Alonso to thrilling pole after Perez crash

The Dutchman overcame a two-tenth deficit to Alonso in the final sector to make a last-gasp swoop for the fastest time, his resulting 1m11.365s cementing his first pole position in qualifying at the Monte Carlo circuit.

Motorsport

F1 Monaco GP: Verstappen beats Alonso to pole by 0.084s; Perez last

The Texas Tribune

U.S. debt ceiling fight riles Texans at both political ends

The high-stakes confrontation could have an impact on retirements accounts, corporations and much more.

Daily Mirror

Boston Celtics telling admission as franchise close in on history-making NBA Playoffs result

No team in NBA history has ever comeback from a 3-0 deficit in the playoffs but the Celtics unlikely turnaround is still on after they defeated the Miami Heat to draw within one game and trail 3-2

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Tribune News Service

Padres can’t fight back enough against Nationals

WASHINGTON — It is going to take a little bit of fight for the Padres to dig out of the hole their inertia has created.

USA Today Sports Media Group

Boston Celtics at Miami Heat: How to watch, broadcast, lineups (Game 5)

The Boston Celtics make the trip back home to TD Garden to face the Miami Heat in Game 5 of their 2023 East Finals series as they try to become the first team in NBA history to come back from a 0-3 series deficit.

The Hindu

Andhra Pradesh: BJP hails release of funds by Centre to bridge revenue deficit for 2014-15 financial year

It is the responsibility of the YSRCP government to utilise the resources being provided by the Union government for the purposes meant, says BJP leader Lanka Dinakar

Bristol Post

Bankruptcy warning for Bristol City Council as special needs education costs spiral

Special needs education is costing the council millions over budget each year

The Hindu

Centre has disbursed ₹10,460.87 crore to Andhra Pradesh as revenue deficit compensation, says Sajjala

The Central government has disbursed ₹10,460.87 crore as compensation towards the revenue deficit. The funds have been released as part of the dues under the Andhra Pradesh Reorganisation Act, 2014. The release of funds comes after a series of meetings between Chief Minister Y.S. Jagan Mohan Reddy and Prime Minister Narendra…

Barchart

Platinum – The Bullish Trend Reaches a Critical Point

Platinum is a rare industrial and precious metal with many applications, including as a financial asset. Most of the world’s annual platinum supplies come from South Africa and Russia. While gold and palladium prices reached record highs in 2022, platinum remains significantly below its record 2008 peak.

Evening Standard

Government debt is going only one way -- up

City Comment: Why governments run deficits

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