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The Latest Breaking News from Deficit

Soaring inflation pushes interest payments on UK debt to record high in June

Potential for future tax cuts narrows with budget deficit on course to top £100bn this year

The Guardian - UK

Millie Bright hails England’s ‘unbelievable mentality’ after win over Spain

The tournament hosts dug deep to turn around a deficit and reach the Euro 2022 semi-finals

The Independent UK

Japan trade deficit grows as oil prices surge, yen drops

Japan has reported its trade deficit for the first half of this year totaled nearly 8 trillion yen, or about $58 billion, because of surging oil prices and a weakening yen

The Independent UK

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Third term still eludes Baltimore State’s Attorney Mosby; Bates takes lead as mail-in ballots counted

BALTIMORE — Baltimore State’s Attorney Marilyn Mosby faces an uphill battle to overcome a nine-point deficit to defense attorney Ivan Bates in the Democratic primary for the city’s top prosecutor.

Tribune News Service

Surging prices double Tunisia's food trade deficit in first half

Tunisia's food trade deficit doubled to 1.559 billion dinars ($496.99 million) due to the higher cost of imports of cereals and sugar in the first half of the year compared to the same period last year, the state Agricultural Observatory said on Tuesday.

Reuters

Hungary approves 2023 budget and deficit cuts after pre-poll spending spree

Hungary's parliament on Tuesday approved the 2023 budget, which sets out to reduce the budget deficit next year to 3.5% of economic output from a targeted 4.9% this year as the government tries to put finances back on a sustainable track.

Reuters

'Huge deficit' in public transport provision in rural Ireland, report states

A report states that people in rural Ireland are forced to use their cars due to lack of public transport

Irish Mirror

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Prakasam farmers a worried lot as monsoon plays truant in early phase

While the entire State experienced good rainfall, Prakasam saw 21% deficit

The Hindu

Cameron Smith wins British Open for his first major title

His 8-under 64 was the lowest final round by a champion in the 30 times golf’s oldest championship has been played at St. Andrews.

Chicago Sun-Times

Rupee fall fuels inflation, but makes exports competitive: Experts

NEW DELHI: Rupee depreciation has impacted the current account deficit and fuelled inflationary pressures but at the same time it has made Indian exports more competitive, according to experts.

The Times of India

Deficit doubts: On concern over current account deficit

Fretting about the current account deficit is warranted; fiscal space must also be reassessed

The Hindu

Celsius Network: crypto firm reveals $1.2bn deficit in bankruptcy filing

Company says it was faced with ‘run on the bank’ amid ‘cryptopocalypse’ as investors raced to withdraw assets

The Guardian - UK

Gurugram: Weak monsoon pushes rain deficit to 42% in two weeks

Gurugram: A fortnight after the onset of monsoon, the city has a rain deficit of 42% — second only to Fatehabad (-44%) in the state — as heavy showers have eluded most parts of the district this month.

The Times of India

Manchin rules out climate spending and tax hikes, but open to prescription drug reform

Manchin remains open to a much smaller bill that focuses on deficit reduction.

Axios

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The Hindu

Morning Digest | India’s current account deficit a concern, says Finance Ministry; Saudi Arabia lifts ban on Israeli flights, and more

A select list of stories to read before you start your day

The Times of India

Exports up 23.52% to $40.13 billion in June; trade deficit at record $26.18 billion

NEW DELHI: Exports in June rose by 23.52 per cent to $40.13 billion while the trade deficit ballooned to a record level of $26.18 billion mainly due to jump in gold and crude oil imports, the government data said on Thursday.

The Hindu

Fiscal deficit reined in, CAD a concern: Finance Ministry

“Inflation, trade deficit are key challenges”

Daily Record

"Tories and their Labour allies do not believe in democracy" says Councillor Kenny MacLaren

Renfrewshire politicians rally round First Minister over independence by calling out Westminster's "Democracy Deficit"

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The Guardian - UK

Daniëlle van de Donk’s dazzling strike helps Netherlands sink plucky Portugal

Portugal fought back from a two-goal deficit to level an enthralling game but Daniëlle van de Donk’s second-half rocket gave Netherlands a 3-2 victory

Newsroom.co.nz

Questions over whether mega-polytech will be ready

The new tertiary institution is facing a full year deficit and having to delay consultation on where staff fit into the new entity.

The Hindu

The scale of municipal finances is inadequate

Fiscal deficits, constraints in tax base expansion, and weakening of institutional mechanisms are challenges

The Times of India

Current account deficit likely to touch $105 billion this fiscal: Report

MUMBAI: The country's current account deficit is likely to touch $105 billion or 3 per cent of the GDP this fiscal, mainly due to continuously widening trade deficit, according to a report.

Reason

Biden's Policies Have Increased, Not Reduced, Future Budget Deficits

Dissecting the president's misleading claims about falling deficits

The Hindu

A.P. records 75% excess rainfall in July

Chittoor and Kadapa witness a deficit of 23% and 32% respectively

The Times of India

Petrol price hike, raising power tariffs: What Pakistan needs to do to obtain IMF loan

NEW DELHI: The economic crisis in Pakistan has posed severe challenges for the government as it grapples with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency.

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