Budget Deficit

There's Reason to Worry About Kenya Fiscal Position, RenCap Says

Kenya’s budget deficit should be a worry for investors in East Africa’s biggest economy, according to Renaissance Capital’s chief economist, Charles …

Deficits

Conte Pledges Italian Deficit Below 2% to Keep Investors Onside

Prime Minister Giuseppe Conte said Italy will produce a “credible” budget for 2019 to ensure investors retain their confidence in the …

Deficits

Three More Reasons to Worry About Italy

It feels good again to be an investor in Italian government debt. Since the start of September, the yield on the benchmark 10-year bond has fallen from 3.24 percent to 2.79 percent, and the spread with German bunds has narrowed sharply.<p>Bondholders seem confident that Italy’s finance minister …

Deficits

Algeria plans 1.5 percent spending cut next year -government document

ALGIERS, Sept 19 (Reuters) - Algeria plans to cut spending by 1.5 percent in 2019 after a rise this year, despite a recovery in oil prices, as it seeks to rebalance its finances, according to a government document seen by Reuters.<p>The government expects a budget deficit of 9.2 percent of gross …

Oil

New Haven school board ‘probably’ hiring lawyers to investigate ethics complaint

NEW HAVEN — In response to an anonymous email alleging ethics violations by several members of the school board, President Darnell Goldson said he is …

School Administration

Russia’s Pivot to China Funding Just Needs a Nod in Putin’s Hometown

President Vladimir Putin’s hometown of St. Petersburg is probing Chinese debt markets as it prepares to sell bonds to foot a bill it ran up partly …

Vladimir Putin

Soaring US Debt Guarantees a Losing 'Season' for the Dollar

October marks the beginning of the fiscal year for the U.S government and a chance to think ahead to the overall direction of our new season.<p>While …

Deficits

Gov. John Bel Edwards: News of state budget surplus 'a good thing'

Gov. John Bel Edwards says it's good that the state ended its most recent budget cycle with a surplus, despite some pushback from Republican critics …

Republicans

US Bond Yields Rise, 2-Year Notes Pass Decade High, as Inflation Pressure Mounts

U.S. Treasury bond yields continued to rise Wednesday, taking two-year borrowing costs to the highest level in more than a decade, as investors crept …

Deficits

There's a New Crash Coming

Shutterstock<p>Donald Trump is the epitome of irrational exuberance.<p>You might remember that phrase from the 1990s. Alan Greenspan, the head of the …

Trump Administration

Keynes’s biographer Robert Skidelsky: “I’ve become more and more persuaded by Marx”

The economist and peer on the cost of austerity and how “power structures” limit debate.<p>In 2009, as the West was afflicted by the worst recession …

Opinion (UK)

Payment of EU funds to Hungary could be delayed: Commission source

BUDAPEST (Reuters) - A dispute between Hungary and the European Commission about some EU-funded projects may not be settled this year which could delay payments from the EU, a Commission source said on Wednesday.<p>A delay in reimbursements of billions of euros has already increased Hungary's …

Business

Alaska’s toughest budget choices are yet to come

The Alaska Capitol in Juneau on Friday, March 2, 2018. (Nathaniel Herz / ADN)When it comes to financial matters, the people who know the numbers …

Oil

Central Planning Failed in the USSR, but Central Banks Have Revived It

The Federal Reserve’s changing of the guard — the end of Janet Yellen’s tenure and the beginning of the Jerome Powell era — has me remembering what …

Conservative View

Argentina's Economy Shrank 4% in Second Quarter

Argentina’s economy contracted in the second quarter after a drought slashed agricultural production, according to the estimate released Wednesday by Argentine statistics agency Indec.<p>The economy shrank 4% in the three months ended in June compared with the previous three-month period, and …

World News

Italy edges toward spending less but the 'power-struggle' in government is growing

Italy's coalition government looks like it will be sticking to European fiscal rules when it comes to presenting its 2019 budget and spending plans …

Business

If millennials are going to #resist anything, it should be the national debt

One of my favorite episodes of “The Office,” titled “Surplus,” is one in which the paper company’s staff becomes divided into two separate, warring …

U.S. Politics

Peoria facing possible police, fire department job cuts

City officials in Peoria are considering police and fire department jobs cuts as they look to close a possible $6 million budget deficit for next …

Business

State Health Insurer BPJS Kesehatan Seeks $1b Gov't Capital Injection

<b>Jakarta.</b> Indonesia's state health insurance provider has requested a Rp 16.5 trillion ($1.11 billion) government bailout, after a ballooning budget …

Indonesia

UPDATE 2-Egypt "resilient" to emerging market turbulence - minister

(Recasts, adds planned bond sales, quotes)<p>By Aidan Lewis and Patrick Werr<p>CAIRO, Sept 19 (Reuters) - Egypt’s economy is proving “resilient” in the face of emerging market turbulence and there are additional sources of funding to draw on if needed, the finance minister said on Wednesday.<p>The …

Stock Markets

Italy's Savona seeks euro zone debt restructuring, backed by ECB

© Reuters. FILE PHOTO: European Affairs Minister Savona holds a press conference at the Foreign Press Club in Rome<p>By Gavin Jones<p>ROME (Reuters) - …

Savona

Trump boosts US stocks with BORROWED government money

US stock prices continue to trade at near record highs and a lot of the recent rise has a lot to do with the policies of President Donald Trump.<p>The …

Deficits

Pakistan Budget Deficit May Widen as Fiscal Crisis Deepens

Pakistan’s Finance Minister Asad Umar said the government’s budget deficit is expected to swell as a previous forecast was unrealistic in the face of …

Deficits

Pakistan's new government hikes taxes, cuts spending for economy in 'intensive care'

ISLAMABAD (Reuters) - Pakistan's new government announced cuts in planned development spending and a tax increase for higher earners on Tuesday, unveiling a mini-budget aimed at shoring up an economy in danger of needing another International Monetary Fund bailout.<p>Since taking office in mid-August, …

Intensive Care

Why It’s NOT the Economy, Stupid

With growth up, unemployment down, voters are focusing on other issues<p>ANALYSIS — Last week, the National Republican Congressional Committee released …

Politics

Buffaloes, BMWs and Free Lunches End in Pakistan Austerity Drive

Pakistan’s Prime Minister Imran Khan got the word helicopter trending on Twitter recently.<p>Khan took a helicopter ride for a nine-mile journey from …

Asia

Why Interest Rates Are Headed Higher Globally

US fiscal policy is in uncharted territory: Running such a large primary deficit (federal revenues minus spending, not counting interest expense) in …

Interest Rates

Does the Air Force really need 74 more squadrons? It depends on who you ask

Air Force Secretary Heather Wilson’s call for growing the service from its current size of 312 operational squadrons to 386 by 2030 in preparation …

Military

Pakistan Takes Emergency Steps to Patch Budget

New government moves to cut spending and raise taxes as it seeks rescue from fiscal crunch<p>ISLAMABAD—Pakistan’s new government introduced what it called an emergency budget just weeks after coming into office, introducing spending cuts and tax increases to grapple with budget and trade deficits.<p>The …

Imran Khan

Budget will make NL stronger, safer and more prosperous: finance minister

Finance minister Wopke Hoekstra told MPs on Tuesday afternoon that government policy in the coming years is aimed at making...

Netherlands