Budget Deficit

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Deficits
Egypt targets budget deficit of 7.2 pct, GDP growth of 6.1 pct in FY 19/20 -minister
reuters.com - Reuters
CAIRO, March 19 (Reuters) - Egypt is targeting a budget deficit of 7.2 percent and GDP growth of 6.1 percent in the 2019-2020 financial year, Finance Minister Mohamed Maait said on Tuesday on the sidelines
Bloombergadded this to Markets
Investing
Bond Backlash Shows Time Is Running Out for Lebanon
Bloomberg - Dana Khraiche
The market’s memory is so short when it comes to Lebanon that a few weeks of government inaction all but wiped out a bond rally fueled by Gulf aid …
Finance
Trump isn’t worried about rising government debt, and neither are voters
yahoo.com - Sibile Marcellus
As a presidential candidate, Donald Trump promised he would pay down the nation’s debt in eight years. But more than two years into his presidency …
Leader Postadded this to Regina Leader Post News
Regina, SK
Mandryk: Return to "right balance" critical to Sask. Party success
leaderpost.com - Murray Mandryk
The budget is balanced, jobs continue to increase and the population continues to increase.Expect the Saskatchewan Party government to be repeating …
Bloombergadded this to Politics
Economics
Italy's Populists Urged by EU to Reconsider Their Fiscal Stance
Bloomberg - Kevin Costelloe
European Commission Vice President Valdis Dombrovskis said Italy’s economic difficulties should push the populist government to review its fiscal …
Guardian Australiaadded this to News
Scott Morrison
Coalition’s permanent migration cap revealed as Morrison launches population policy
Australia News - Katharine Murphy Political editor
The Morrison government will cap permanent migration at 160,000 for the next four years, and introduce new skilled worker visas, covering 23,000 entrants, requiring three years’ residence in the regions
Deficits
RO Court of Auditors finds budget deficit in 2017 was higher than officially reported
romania-insider.com - romaniainsider
Romania’s Court of Auditors found “significant and widespread” irregularities in the reporting of the Finance Ministry and tax collection agency …
Nello Castellanoadded this to InSingapore
Singapore
CapitaLand REIT said to pursue US$1.1 billion Duo office tower
yahoo.com - Bloomberg
By Elffie Chew, Vinicy Chan and Joyce Koh (Bloomberg) — CapitaLand Commercial Trust, Singapore’s biggest office landlord, is among suitors in talks …
New Hampshire
Democrats warn of education-funding 'crisis' in Sununu's budget proposal
sentinelsource.com - JAKE LAHUT Sentinel Staff
Local Democratic lawmakers Monday warned of an impending crisis in education funding if Republican Gov. Chris Sununu does not try to help ease the …
News (South Africa)
Zimbabwe Expects to Raise $350 Million Selling State Companies
dailymaverick.co.za - Bloomberg
Zimbabwe plans to raise $350 million from the sale of stakes in five state-owned companies, Finance Minister Mthuli Ncube said. The proceeds will help …
Fire Fighting
Turner Says Hundreds Of Firefighters Will Be Laid Off As A Result Of Prop B
iheart.com - Rachel Estrada
(Houston, TX) -- Mayor Sylvester Turner estimates the city will have to lay off 400 or 500 firefighters and city employees in order to implement …
Oil & Gas Industry
Permanent Fund revenue tops oil and taxes as Alaska’s budget foundation
adn.com - James Brooks
JUNEAU — The Alaska Permanent Fund has surpassed the oil industry and all other taxes combined as the cornerstone of the state budget, according to …
Philip Hammond
How big is Philip Hammond’s Brexit dividend? | Financial Times
ft.com - Chris Giles
It is almost possible to hear the rustle of bank notes in the chancellor’s hands. Philip Hammond, Britain’s chancellor of the exchequer, could not …
Deficits
Homer lawmaker apologizes for response to student letters
edweek.org - www.edweek.org
March 18, 2019 HOMER, Alaska (AP) — A Kenai Peninsula legislator has apologized for her video reply to high school students who sent messages …
New York Postadded this to Opinion
Opinion
Don’t rush congestion pricing through — get it right instead
New York Post - By Nicole Gelinas
New York state’s budget deadline is April 1, and Gov. Cuomo is working to maintain an atmosphere of crisis to get the Legislature to pass congestion …
Opinion
The GOP has abandoned fiscal discipline. Democrats shouldn’t follow suit.
bostonglobe.com - www.bostonglobe.com
Fiscal discipline, says Democratic congressman Jim Cooper, is as “out of fashion as bell-bottoms.” The deficit hawk from Tennessee is right — and …
Deficits
Ex-Scottish Office chief statistician says Scots should be paid back for oil revenues
thenational.scot - Andrew Learmonth
A FORMER senior Scottish Office official has told The National that an independent Scotland should seek “compensation” from the UK Government for …
Miami Heraldadded this to News
Haiti
Haiti’s latest government falls after six months after lawmakers fire prime minister
miamiherald.com - By Jacqueline Charles
Another Haiti government has been ousted. Haiti’s Lower Chamber of Deputies fired Prime Minister Jean Henry Céant and his government on Monday, …
MarketWatchadded this to Politics & Economy
Deficits
China ramps up spending to boost growth
MarketWatch - By MarketWatch
BEIJING--The Chinese government accelerated spending early this year, as authorities stepped up efforts to spur economic growth, official data showed …
New York City
MTA touts subway performance improvements, credits Subway Action Plan
abc7ny.com
NEW YORK CITY (WABC) -- The MTA on Monday released new statistics Monday that the agency says shows a dramatic year-over-year improvement in subway …
Deficits
Why is nobody talking about taxes ahead of the elections?
jpost.com - Eytan Halon
Doron Arbely, the former director general of the Israel Tax Authority and expert on taxation and regulation, fears that Israel's citizens might all …
Yahoo Australiaadded this to Yahoo Finance Australia
Interest Rates
Get ready for a cash rate cut in APRIL
yahoo.com - Stephen Koukoulas
The data is in and it is compelling. The Australian economy is faltering and the risk is that it will weaken further if nothing is done to address …
Reutersadded this to Business
Business
Bailed-out Bahrain has little room for maneuver in economy reboot
Reuters - By Davide Barbuscia and Lisa Barrington
MANAMA (Reuters) - As the weekend kicks off in Bahrain, Saudi Arabian and Kuwaiti cars jam the capital's roads and hotel lobbies fill with visitors looking for bars, restaurants and other night-time entertainment.
The Guardianadded this to Media
Media Industry
Radio 4 listeners could be alienated by budget cuts, says BBC chair
The Guardian - Jim Waterson Media editor
The chairman of the BBC has dismissed concerns that existing Radio 4 audiences could be put off the station if it is forced to make budget cuts to fund investment in the BBC Sounds app, saying that radio
Romania
S&P maintains Romania’s stable outlook
romania-insider.com - romaniainsider
International rating agency S&P affirmed the stable outlook for Romania’s sovereign ratings after it confirmed the rating itself a couple of weeks …
Politics
The Pentagon's Budget Is Crazy—by Trump's Own Admission
fee.org - Hans Bader
Given the sheer size of the deficit, it is necessary to cut government waste and excessive spending literally everywhere. But instead of cutting …
Walt Disney Company
In Ad Blitz, Patriotic Millionaire Abigail Disney Demands Ultra-Millionaires Tax in New York
commondreams.org - www.commondreams.org
NEW YORK - Today, the Patriotic Millionaires announced they would be targeting a group of holdout lawmakers with a new ad featuring Abigal Disney, …
Ketchikan, AK
Excessive Travel Expenditures Plan Irresponsible
sitnews.us - http://www.sitnews.us
March 18, 2019 Monday AM (SitNews) Juneau, Alaska - After learning through a public blog of the Alaska House Finance Committee’s plans to spend tens of …
News (Hong Kong)
Li's upbeat message is seen as sign of new confidence
chinadaily.com.cn - 刘明
Premier Li Keqiang said the Chinese economy continues to provide vital support to the global economy despite concerns of a slowdown. He was addressing …
Seeking Alpha
Business
Why We Think Pre-Election Concerns Belie India's Long-Term Promise
Seeking Alpha - Franklin Templeton Investments
By Sukumar Rajah, Senior Managing Director, Director of Portfolio Management, Franklin Templeton Emerging Markets Equity As India gears up for a …