That deficit will in turn feed into the current account deficit and the trade deficit.
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They favored a small deficit, or no deficit at all.
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Here's a look at India's fiscal deficit targets and major corporate giveaways: FEDERAL BUDGET DEFICIT (percent/GDP): Deficit Reuters Poll NOTES: * Budget estimates.
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The budget deficit has nothing to do with the trade deficit.
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An energy deficit is a major contributor to Argentina's fiscal deficit.
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"A moderate deficit becomes a significant deficit," he said in a note.
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Politicians talk about reducing the deficit, but each deficit increases the debt.
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Second, our trade deficit is partly driven by our federal budget deficit.
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Rather than reducing the trade deficit, one must expect that a reduction in the country's savings level resulting from an increased budget deficit would increase the trade deficit and bring back the days of the twin deficit problem.
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Go deeper: The rise and fall and rise of the budget deficit U.S. on course for $1 trillion deficit Romney assails Republicans' silence on growing deficit
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DEFICIT: The market was in a 387,000 tonne deficit in 2018 compared with a 265,000 tonne deficit the year before, the International Copper Study Group said.
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Our goods deficit with China, which accounts for about half of our total goods deficit, worsened by 22019 percent in October to a $35.2 billion deficit.
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We have a tremendous deficit in trade, commonly known as a trade deficit.
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Catalonia breached the 0.7% fiscal deficit goal in 2015, posting a 2.7% deficit.
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The country has been running both a trade deficit and a fiscal deficit.
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Deficit hawks have gone silent, even proposing changes that would exacerbate the deficit.
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I mean, we used to have Republicans being hard on the deficit, deficit hawks.
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We do not have a deficit of ideas; we have a deficit of courage.
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Deficit hawks, including many Republicans, denounced it as recklessly driving up the federal deficit.
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A trade deficit is supposed to set in motion forces that close the deficit.
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If the Brexit crisis was born from a deficit of democracy that deficit remains.
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If the Brexit crisis was born from a deficit of democracy, that deficit remains.
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The trade deficit with China accounted for nearly half of the nation's total deficit in 2016, adding pressure on the country's current account deficit, central bank data showed.
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In other words, the current-account deficit, as well as the fiscal deficit, will rise.
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CU-STX-SGH DEFICIT: Analysts expect another deficit in the refined copper market this year.
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"Our debt and our deficit, our annual deficit, is too high for me," she said.
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I'm less concerned about the trade deficit, honestly, than I am about the budget deficit.
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This is not a talent deficit, it's an opportunity deficit and a matter of cultural insensitivity.
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The large U.S. fiscal deficit was already a major factor supporting our trade deficit last year.
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Last fiscal year's deficit was $439 billion, with a deficit-to-GDP ratio of 2.5 percent.
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"Our trade deficit with China might decrease, but our overall trade deficit would not," he noted.
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INDONESIA C.BANK GOV: C/A DEFICIT SEEN STILL UNDER CONTROL DESPITE $1.3 BLN NOVEMBER TRADE DEFICIT
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Fitch forecasts a 2017 general government deficit of 0003%, which incorporates a central government deficit of 0.6% of GDP (0.3pp below budget) and a small deficit at the local government level.
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FUNDAMENTALS * NICKEL DEFICIT: The global nickel market deficit narrowed to 2,13 tonnes in February from a revised deficit of 3,700 tonnes in January, and was much smaller than a 7,200-tonne deficit in the same month last year, the International Nickel Study Group said on Monday.
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FUNDAMENTALS * NICKEL DEFICIT: The global nickel market deficit narrowed to 2,000 tonnes in February from a revised deficit of 3,700 tonnes in January, and was much smaller than a 7,200-tonne deficit in the same month last year, the International Nickel Study Group said on Monday.
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The 20193 percent proposed deficit dwarfs the previous Italian administration's deficit goal of 0.8 percent of GDP.
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Defense spending alone increased the deficit by $286 billion — less than 294 percent of the total deficit.
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The previous fiscal year deficit was $2349 billion, with a deficit-to-GDP ratio of 22 percent.
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What needs to happen is inflation needs to fall, and...the budget deficit and current account deficit.
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The economy hits a financial constraint: sometimes it is the budget deficit; more often the trade deficit.
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Before the new legislation, the group projected a deficit of $531 billion, lower than the 2017 deficit.
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The U.S. deficit with its FTA partners is nine-times smaller than the deficit with other countries.
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Moreover, the deficit hawks don't seem to understand that faster growth is a precondition to deficit reduction.
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The budget deficit exacerbates the trade deficit by attracting a large flow of funds from other countries.
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Our trade deficit in goods reached — think of this — our trade deficit is $800 hundred billion dollars.
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Treasury: US deficit tops trillion in 85033 months MORE tweeted Thursday alongside an article about the deficit.
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This year, it expects a deficit of 4.7% of GDP, down from a 6.2% deficit last year.
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Pete Buttigieg: So everything I'm talking about should collectively be deficit-reducing or deficit-neutral, taken together.
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Although the U.S. trade deficit with China declined in 2628, America's overall trade deficit is actually rising.
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But the overall United States trade deficit, and specifically its deficit with China, further increased last year.
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This makes it all too likely that we will be revisiting the famous twin-deficit problem of the Reagan presidency when we had both an outsized budget deficit and an outsized trade deficit.
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AND MOST OF ALL, FOR MANY OF OUR RED STATE DEMOCRATS, THE DEFICIT, THE HOLE IN THE DEFICIT, WHICH SEEMS TO BE ABANDONED BY THE HARD RIGHT, DEFICIT REDUCTION MATTERS TO THEM STILL.
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The fiscal year deficit through July is now $866.8 billion, higher than the entire deficit from fiscal 2018 and on pace to top $1 trillion, making it the largest U.S. deficit since 2011.
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|
Canada's current account deficit narrowed to C$22016 billion in the second quarter from a revised C$21.083 billion deficit in the first quarter, on a lower deficit on goods, Statistics Canada said.
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The deficit as a share of GDP was the widest since the 1.32% deficit posted in January 2017.
|
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The surge in the January trade deficit was flagged by an advance goods trade deficit report last week.
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That leaves a planned deficit of 3 billion riyals this year, the same as last year's projected deficit.
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That dropped the Irish to a 12-point deficit at halftime, their largest halftime deficit of the season.
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Bob Corker, a self-proclaimed deficit hawk, had voiced concerns the tax cuts would balloon the federal deficit.
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Because the U.S. runs a trade deficit, we're losers, and anything that reduces that trade deficit is good.
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|
So any compromises that increase tax cuts' effect on the deficit will likely trigger more deficit hawk defections.
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"The trade deficit and budget deficit are inherently related," said Diane Swonk, the chief economist at Grant Thornton.
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|
Chile's structural deficit, an alternative measure of deficit accounting, incorporates a longer-term view of spending and revenues.
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In spite of a trillion-dollar plus deficit, Trump has a 6900 percent approval rating on the deficit.
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|
The deficit with Canada for the month was $2.6 billion, while the deficit with Mexico was $6.7 billion.
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|
The government expects a basic deficit of 1.9% of GDP, up from a deficit of 1.4% in FY16.
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She has anxiety, post-traumatic stress disorder, depression, memory loss, attention-deficit disorder and attention-deficit hyperactivity disorder.
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The surge in the January trade deficit was flagged by an advanced goods trade deficit report last week.
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"If you're a deficit hawk, you got to be a deficit hawk all the way through," Schumer said.
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|
We project a deficit at 35303% of total revenue for 2016 (2015: deficit 6%) and 5.9% by 2018.
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|
Today, the entire U.S.-Mexico trade deficit — not just the portion of the deficit due to NAFTA — amounts to $2628 billion or only 28500 percent of the U.S. global trade deficit of $6900 billion.
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|
While reducing the nation's deficit by $86 billion would be a good start in tackling the deficit, it would only be a fraction of the $559 billion deficit the Congressional Budget Office projected for 2017.
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|
Deficit spending At the beginning of the Congress, progressives tried to change party rules about deficit spending and whether new programs should be paid for by tax hikes or deficit spending elsewhere in the budget.
|
|
A 73 percent increase in the U.S. trade deficit with China was the main reason for the trend reversal; the deficit with South Korea dropped 32 percent and the deficit with Japan stood roughly unchanged.
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|
After all the U.S. trade deficit is primarily caused by a too-high U.S. dollar and a big deficit.
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|
ALUMINIUM DEFICIT UPGRADED A bigger than expected deficit in aluminium is due to help support prices, the poll showed.
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The trade deficit with China Trump said twice that the US has a $173 billion trade deficit with China.
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Unless Rome changes the deficit assumptions, the Commission said it would start disciplinary steps, called the excessive deficit procedure.
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|
The current-account deficit, which includes the trade deficit, is only partly to blame for the worsening balance-sheet.
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|
The plan projects a deficit of 2.21 trillion naira, implying a deficit equivalent to 2.18 percent of Nigerian GDP.
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|
Madrid also met its 0.7% fiscal deficit financial goal for the year, posting an overall fiscal deficit of 0003%.
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|
Indec also revised Argentina's April trade deficit figure to $144 million from a previously reported deficit of $139 million.
|
|
Analysts at Moody's estimate the August trade deficit at $27.71 billion, a slight narrowing from July's $21.2 billion deficit.
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|
ET. Economists expect a deficit of $129.0 billion reading, compared to a deficit of $112.9 billion the prior quarter.
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|
Last year the U.S. trade deficit with Japan was $69 billion, America's second largest trade deficit, the lawmakers said.
|
|
Cyprus delivered a general government deficit of 0.5% of GDP for 2015, after a deficit of 0.2% in 2014.
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|
Trade deficit By Tami Luhby Trump boasted about the decline in the trade deficit in the most recent quarter.
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Mr. Trump typically cites the American trade deficit in goods, ignoring the country's trade deficit or surplus in services.
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|
Warjiyo said Indonesia's current account deficit remained under control despite November's larger-than-expected trade deficit of $1.3 billion.
|
|
As with the trade deficit, many economists are growing less alarmed by the budget deficit than in previous years.
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|
Trump also complained about a $500 billion trade deficit with China; it was a $375 billion deficit in 2017.
|
|
Canada's current account deficit widened to C$17.35 billion in the first quarter from a revised C$16.62 billion deficit in the fourth quarter, on a higher deficit on trade goods and services, Statistics Canada said.
|
|
Fitch's forecast of 9.3% (and a primary deficit of 0.3%) implies modest slippage against the target while maintaining deficit reduction.
|
|
The trade deficit with China Trump claimed the US trade deficit with China has long been $500 billion per year.
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|
Central bank data showed the deficit at 0.624 billion euros from a deficit of 20.842 billion euros in October 20.910.
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|
The blueprint instead proposes to zero out the deficit by 2035, a goal whose math deficit hawks already are questioning.
|
|
The ongoing pension deficit from year to year accounts for more than half the budget deficit of 8.9% of GDP.
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|
The government posted an $11.7 billion deficit last year and has forecast another big deficit this year despite spending cuts.
|
|
Indec also revised Argentina's March 2017 trade deficit figure to $931 million from a previously reported deficit of $941 million.
|
|
Focusing solely on the trade deficit overemphasizes exports while ignoring key fundamentals such as the reasons why a deficit exists.
|
|
Adding to the deficit Trump's air traffic control plan could run into problems if it adds to the federal deficit.
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|
For example, under new calculations, the $63.1 billion trade deficit with Mexico last year would become a $115.4 billion deficit.
|
|
Analysts attributed the first quarter's rare current account deficit to China's narrowing trade surplus and a widening services trade deficit.
|
|
If the US continues to run a trade deficit, the BAT will essentially tax that deficit and provide steady revenue.
|
|
Having given up on deficit-neutral reform, Congress has budgeted for the tax package to increase the deficit by $1.5trn.
|
|
Overall, Fitch's base case scenario forecasts a 2016 fiscal deficit at 0.7%-103%, in breach of the 0.7% deficit target.
|
|
That difference is the trade deficit: BananaLand has a $1 million trade deficit; CarNation has a $1 million trade surplus.
|
|
The U.S. had a $68 billion trade deficit with Germany in 2016, it's second-largest deficit behind that with China.
|
|
Because the trade deficit represents an excess of spending over production, this increased spending results in a larger trade deficit.
|
|
But the United States had a $379 billion trade deficit with China, compared with a $109 billion deficit with Europe.
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|
China's nationwide pension system may run a deficit as early as 2030; Thailand will likely run a deficit from 2041.
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|
Stop treating deficit reduction as a goal in itself; rather whatever deficit level maintains full employment is the right one.
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|
The trade deficit with China Trump said the US has for years had a "$500 billion" trade deficit with China.
|
|
The surge in the December trade deficit was flagged by an advanced goods trade deficit report published in late January.
|
|
However much of the deficit is due to the weak performance of British overseas investments, rather than its trade deficit.
|
|
Southeast Asia's largest economy had a trade deficit of $870 million in the first month of 2020, compared with a $270 million deficit expected in a Reuters poll and a revised deficit of $61.70 million in December.
|
|
It's important to note that while body fat loss requires a caloric deficit, this ALSO does not mean the bigger the deficit the better; at too great a deficit, you can lose muscle, which is not good.
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|
DEFICIT: Weaker demand for copper can be seen in data from the International Copper Study Group showing the global refined copper market recorded a 22,2282-tonne deficit in June, compared with a 21.3,22-tonne deficit in May.
|
|
Canada's current account deficit narrowed to C$8.76 billion ($6.56 billion) in the fourth quarter from a revised C$10.86 billion deficit in the third quarter, on a lower trade deficit on goods, Statistics Canada said on Thursday.
|
|
Given the rising fiscal deficit in the U.S., it is natural that the overall U.S. deficit is rising: the goods and services deficit in the first quarter was 18.5-percent higher than in the first quarter of 2017.
|
|
Brussels wants Italy to cut its structural deficit by 0.6 percent of GDP, equivalent to a 1.7 percent headline deficit number.
|
|
A deficit usually arises when a country is importing more than it is exporting (ie, it is running a trade deficit).
|
|
He admitted that hyperinflation had been caused by printing bolívares to finance a massive budget deficit and promised a "zero deficit".
|
|
Oxford is currently running an operating deficit of £20m a year and an accumulated deficit on teaching and research of £95m.
|
|
In contrast, the U.S. current account deficit is two percent while Britain runs a deficit of almost four percent of GDP.
|
|
The 2019 budget projects a deficit of 5.8 billion dirhams, down slightly from the projected 2018 deficit of 6.2 billion dirhams.
|
|
The plan projects a deficit of 2.21 trillion naira, implying a deficit equivalent to 2.18 percent of Nigerian gross domestic product.
|
|
The overall trade balance swung to a deficit of 943.4 billion yen ($8.87 billion), the first trade deficit in eight months.
|
|
Portugal was required to cut its deficit to 2.5 percent of GDP in 2015, but instead had a 4.4 percent deficit.
|
|
Argentina posted a fiscal deficit of US$2.46bn in August, about twice as high as the deficit during the previous August.
|
|
The Commerce Department says the deficit fell to $43.6 billion in February, 9.6 per cent below January's deficit of $48.2 billion.
|
|
It pegged the 2018 deficit at $563 billion, a $1.02 trillion deficit in 2022, and 10-year deficits of $10.1-trillion.
|
|
The fourth quarter was revised to a deficit of C$11.78 billion from an initially reported deficit of C$10.73 billion.
|
|
MZN0-3 DEFICIT: Consultancy Wood Mackenzie expects a zinc market deficit of 350,000 tonnes this year and 150,000 tonnes in 225.503.
|
|
With that in mind, Republican deficit hawks could make it hard for Trump to push through any deficit-expanding tax measures.
|
|
The Tennessee senator fancies himself a deficit hawk, and the GOP tax plan was projected to blow up the federal deficit.
|
|
Let's be clear: Neither the budget deficit nor the trade deficit poses a clear and present danger to the U.S. economy.
|
|
Under Enzi's framework, the resolution would automatically establish a deficit-GDP target and a deficit-reducing reconciliation bill, among other changes.
|
|
He was bemoaning a surge in deficit spending after enthusiastically voting in December for a deficit-ballooning $1.5 trillion tax cut.
|
|
Trump exploded the deficit, but Democrats aren't exactly making the deficit and the debt the most important issues of 2020. Why?
|
|
The deficit as of Monday was running $168 billion ahead of the deficit in the last fiscal year at this time.
|
|
The deficit as of Monday was running $168 billion ahead of the deficit in the last fiscal year at this time.
|
|
Italy is also heading in 2020 for an annual budget deficit higher than 3 percent of G.D.P., which is a more important guideline, after giving in to Brussels on this year's budget, which is expected to have a deficit of 2.5 percent of G.D.P. The structural deficit — the underlying deficit without interest payments — is also widening.
|
|
A Reuters poll of analysts had expected a $360 million deficit for the month, following a revised $161 million deficit in December.
|
|
Indonesia, with a widening current account deficit, and the Philippines, with a worsening trade deficit, have seen the biggest outflows this year.
|
|
The Commerce Department says the deficit in January rose 9.6 percent to $48.5 billion, up from a December deficit of $44.3 billion.
|
|
DEFICIT CUTS Half of the budgeted reduction in the 2019 deficit comes from spending cuts and half by increasing revenue, Munla said.
|
|
Fitch expects the general government deficit of 2.8% of GDP in 2016 to narrow to a 2.1% of GDP deficit in 2018.
|
|
A deficit of US $446 million deficit had been cut to US$ 217 million after a pledging conference in June, he said.
|
|
Revenue neutrality is fast emerging as a divisive issue in Congress, where deficit hawks have expressed misgivings about adding to the deficit.
|
|
But the CBO estimates a $720 billion deficit in 2027 -- and more than double the cumulative deficit over the next 3.23 years.
|
|
It projected a fiscal deficit of 2.4 of projected gross domestic product this year and a deficit of 2.0 percent for 2018.
|
|
Dan Malloy's (D) office has estimated the state faces a $2.3 billion deficit next year, and a higher deficit the year after.
|
|
The charge could be imposed on a sliding scale; increasing when the trade deficit is high, vanishing in periods without a deficit.
|
|
The trade balance was a deficit of 578.3 billion yen ($5.23 billion), versus the median estimate for a 235.0 billion yen deficit.
|
|
The budget deficit did not evaporate but ballooned and continues to grow today, with the nation approaching a $1 trillion annual deficit.
|
|
The debt rises when the government borrows to finance a budget deficit, and in some circumstances, running a budget deficit is reasonable.
|
|
Central bank data showed the deficit was 1.29 billion euros ($1.39 billion) from a deficit of 1.18 billion euros in January 2019.
|
|
Mnuchin: Tax reform shouldn't add to the deficit: Steven Mnuchin also said Thursday that he thinks tax reform should be deficit-neutral.
|
|
The trade deficit with China Trump said twice that the US has long had a $173 billion annual trade deficit with China.
|
|
The U.S. trade deficit with China is up 6 percent through September, and the overall goods and services deficit, up 9 percent.
|
|
CANADA 2019-20 BUDGET DEFICIT EXPECTED TO BE C$26.6 BLN COMPARED TO C$19.8 BLN DEFICIT FORECAST FROM MARCH - FINANCE MINISTRY
|
|
A $1 billion decrease in the U.S.-China trade deficit would represent a less than 1 percent reduction in the annual deficit.
|
|
In actuality we increase the deficit by 21500% of GDP since government deficit change is a significant fraction – a significant variable in the GDP equation it seems to me there's no real economic growth that's happening away from the deficit.
|
|
Though the budget forecasts a $1 trillion deficit for 2020 and a $966 billion deficit in 2021, it lays out a plan for eliminating the deficit over 85033 years, a longer time frame than the typical decade-long budget window.
|
|
It is all too likely that when the U.S. trade deficit widens along with the U.S. budget deficit, the administration will double down on its recent resort to arbitrary import restrictions in a futile effort to reduce the trade deficit.
|
|
In 2016, the United States' trade balance amounted to a $309 billion deficit with China (not $20173 billion); a $63 billion deficit with Mexico (not $71 billion); and a $7.7 billion trade surplus with Canada (not a deficit of $17 billion).
|
|
Again, holding savings and investment at their current levels, two alternative deficit scenarios can be examined and compared with the CBO forecast: maintaining the government deficit at its 2017 level of 3.5 percent and eliminating the government deficit over 85033 years.
|
|
FUNDAMENTALS * COPPER DEFICIT: Analysts expect the copper market to face a deficit of 26.9817,000 tonnes this year, a Reuters poll showed, while the market showed a 33,000 tonnes deficit in October 2019, latest data by the International Copper Study Group showed.
|
|
The Brazilian government posted a primary fiscal deficit of 254.7 billion reais ($54.13 billion) in May, slightly less than the 254.1 billion reais deficit economists had expected but much wider than the 21 billion reais deficit in May last year.
|
|
The trade balance came to a deficit of 1.09 trillion yen ($9.66 billion), versus the median estimate for a 636.8 billion yen deficit.
|
|
Yu is looking at a global deficit in lead concentrate of 0.63,000 tonnes this year and a deficit of 29,000 tonnes in China.
|
|
When the school year ended in June, the general fund deficit was $94 million, and the net asset deficit was at $687 million.
|
|
By July 2015 the district's general fund deficit was close to $216 million and the net deficit was a yelp-inducing $1.6 billion.
|
|
Gundlach said if the budget deficit and current account deficit increase, that could be a precursor for a further decline in the dollar.
|
|
The current fiscal year-to-date deficit was $407 billion, up 11 percent from a $367 billion deficit at this time last year.
|
|
The state deficit, part of the wider public deficit which also includes welfare and local authorities, stood at 70.5 billion euros in 2015.
|
|
The first case is simply that America has an obvious infrastructure deficit, and that it has never been cheaper to address that deficit.
|
|
The market is now expected to be in a supply deficit of around 125,000 tonnes ahead of another 48,000-tonne deficit next year.
|
|
The annual trade deficit, however, widened only slightly to NZ$2.986 billion in October from a NZ$2.913 billion deficit the month prior.
|
|
America's trade deficit with China hit $375.2 billion in 2017, equivalent to two-thirds of the country's total trade deficit of $566 billion.
|
|
We expect a broadly unchanged deficit this year, a decline in the deficit to 0.2% in 2018, and a balanced budget in 2019.
|
|
The trade balance came to a deficit of 1.415 trillion yen ($12.79 billion), versus the median estimate for a 1.011 trillion yen deficit.
|
|
The agency also revised its January trade balance to a deficit of $88 million compared to a deficit of $106 announced last month.
|
|
Growth has halved since 2014, and Ghana is running a budget deficit of 9% of GDP and a current-account deficit of 43%.
|
|
The trade balance came to a deficit of 249.6 billion yen ($2.35 billion), against the median estimate of a 200.0 billion yen deficit.
|
|
The budget targeted a fiscal deficit of 219 percent of GDP in 28/24.7, compared with expectations for a deficit of 22.11 percent.
|
|
To hear Republicans tell it, increasing the deficit to cut taxes isn't like increasing the deficit to spend on other government programs. Why?
|
|
The C.B.O. sees the deficit climbing by 24 percent, to $544 billion; the administration is more pessimistic, forecasting a deficit of $616 billion.
|
|
When adjusted for calendar effects, the deficit for June was $55 billion compared with an adjusted deficit of $30 billion in June 2018.
|
|
The federal government posted a $234 billion deficit in February, the widest monthly deficit on record, Treasury data showed in a monthly report.
|
|
The Congressional Budget Office is projecting a budget deficit of $559 billion in fiscal year 2017 — a figure larger than the trade deficit.
|
|
Second, the plan would radically increase the federal deficit, and when it comes to the deficit, what goes up must eventually come down.
|
|
"Once Republicans did the tax bill with a huge deficit, their ostensible reason for not liking domestic spending — the deficit — vanished," he said.
|
|
But this deficit, although far less justified by macroeconomic considerations, was created by tax cuts — and somehow the deficit hawks are fairly quiet.
|
|
When adjusted for calendar effects, the deficit for February was $238 billion compared with an adjusted deficit of $234 billion one year prior.
|
|
On Tuesday, Citu said the 2019 deficit, which was 0.2 percentage points above target, would not have an impact on this year's deficit.
|
|
In December, the U.S. posted a deficit of $13.3 billion, which is slightly smaller than the $13.5 billion deficit posted in December 2018.
|
|
The trade balance came to a deficit of 1.3126 trillion yen ($11.94 billion), versus the median estimate of a 1.6949 trillion yen deficit.
|
|
It comes just shy of the $680 billion deficit in 2013 — the first time the deficit fell below $1 trillion during Obama's presidency.
|
|
The trade balance came to a deficit of 136.3 billion yen ($1.26 billion), against the median estimate of a 355.9 billion yen deficit.
|
|
The trade balance came to a deficit of 82.1 billion yen ($755.71 million), against the median estimate of a 369.0 billion yen deficit.
|
|
At the same time, the 2019 deficit could spark further problems with the European Union, if it disrespects its 3 percent deficit threshold.
|
|
The trade balance came to a deficit of 943.4 billion yen ($8.87 billion), versus the median estimate of a 1 trillion yen deficit.
|
|
Trade deficit with China Trump said on three occasions that the trade deficit with China has been $500 billion or more for years.
|
|
That level of deficit was caused by the previous overspending in Congress and by the increasing debt-financing cost of the previous deficit.
|
|
There are Democrats who think deficit fears have been exaggerated and there's nothing wrong with running a deficit to drive an economic transition.
|
|
The total public sector budget deficit now stands at about 5 percent of GDP, the primary budget deficit (deficit before interest charges on public debt) is 1.5 percent of GDP, and the public debt is rapidly increasing well beyond 115 percent of GDP.
|
|
The global nickel market deficit narrowed to 2,000 tonnes in February from a revised deficit of 13,700 tonnes in January, and was much smaller than a 7,200-tonne deficit in the same month last year, the International Nickel Study Group said on Monday.
|
|
Canada's current account deficit widened to C$29 billion in the fourth quarter from a revised C$21.925 billion deficit in the third quarter as a sharp drop in energy prices triggered a higher deficit on trade goods, data from Statistics Canada showed.
|
|
So while changes in trade policy can shift imports and exports from one country to another, for example, reducing the American trade deficit with China while increasing its trade deficit with Thailand, they are unlikely to reduce the American trade deficit overall.
|
|
After support a raft of deficit-increasing legislation during George W. Bush's time in office, Ryan pivoted to a deficit hawk posture during the Obama administration, so President Obama appointed him to the Simpson-Bowles deficit commission on which Alice Rivlin also served.
|
|
However, when accounting for calendar adjustments, May would have shown a $102 billion deficit compared with an adjusted $84 billion deficit a year prior.
|
|
On the data front, March trade deficit figures deficit came in at $56.90 billion, narrowing from the $62.86 gap reported in the prior month.
|
|
Rabobank revised its 2015/16 global sugar deficit forecast to 6.8 million tonnes from its previous forecast for a deficit of 4.7 million tonnes.
|
|
Both are deficit hawks who have expressed concern that the GOP's eagerness to cut taxes will lead them to blow up the federal deficit.
|
|
America's trade deficit with China, "the largest deficit in the history of our world", is "out of control", Donald Trump groused on March 233nd.
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Fitch expects the general government deficit to remain within the 2.5% of GDP target for the non-financial public sector (NFPS) deficit in 2017.
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Finance Minister Vladislav Goranov said he expected the fiscal deficit to be smaller than the targeted deficit of 13 percent of gross domestic product.
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The fiscal deficit is on a downward path and Fitch expects the government to reach its revised central government fiscal deficit target of 3.6%.
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We expect greater fiscal consolidation in FY18, with the budget deficit narrowing to 9% of GDP and the primary deficit to 0.3% of GDP.
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NICKEL DEFICIT: Macquarie expects a deficit of 58,000 tonnes in the nickel market this year, compared to a shortage of 243,000 tonnes in 2018.
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NICKEL DEFICIT: Macquarie expects a deficit of 0213,000 tonnes in the nickel market this year, compared to a shortage of 243,000 tonnes in 2471.
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Corker, reflecting the views of a still-unknown number of deficit hawks, has already declared he won't back a bill that increases the deficit.
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Separate data though showed the current account deficit widened to $5.426 billion in April, exceeding a Reuters forecast for a deficit of $23 billion.
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The Commerce Department reported Wednesday that 2018's trade deficit was higher than 2017's, which was higher than the trade deficit in 85033.
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Even if we could "fix" the deficit with China through some combination of import restrictions and export promotion, it wouldn't change the overall deficit.
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The Congressional Budget Office is forecasting that this year's deficit will end up at $534 billion, almost 22 percent higher than the 2015 deficit.
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TRADE DEFICIT WIDENS: The U.S. trade deficit jumped in May, as exports were hampered by the strengthening U.S. dollar and imports from China surged.
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Interestingly, the trade deficit metrics cited overestimate the size of the trade deficit, by about half, and as a result are a bit misleading.
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We are now on track for an annual trade deficit this year of some $21625 billion, which would be the highest deficit since 2900.
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Their median estimate showed a deficit of $10.35 billion with predictions ranging between a surplus of $2.5 billion and a deficit of $19 billion.
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The U.S. trade deficit hit a 10-year high in October, and its politically sensitive deficit with China surged to a record $43 billion.
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Another key insight to Trump: Not only is he fixated on America's trade deficit — it's specifically the trade deficit in goods he cares about.
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The government posted a deficit of C$349 million ($349 million) in October, compared to a deficit of C$1.53 billion in October 2016.
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America's deficit with the European Union was $11.1 billion, the shortfall with Mexico was $5.2 billion and the deficit with Japan was $5.9 billion.
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The government's 2020 primary deficit target, before interest payments are accounted for, stands at 124.1 billion reais, marking the seventh consecutive year of deficit.
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The 2018 deficit was about $381 billion when counting goods and services; the goods and services deficit fell to about $308 billion in 2019.
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Related: The budget expert and deficit hawk Ben Ritz did a more detailed analysis of the deficit that also took into account congressional control.
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At the same time, Republicans are telling deficit hawks that the dynamic growth effects of tax cuts will make the deficit problem go away.
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In 2018, the deficit was 3.9 percent of G.D.P., compared with an average deficit of 2.1 percent of G.D.P. over the previous 70 years.
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That would add $80 billion to the annual trade deficit — significantly more than, for example, America's $56 billion trade deficit with Mexico last year.
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The Commerce Department will release the trade deficit numbers for November, and economists polled by Dow Jones expect the deficit to be $43.6 billion.
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Colombia registered a trade deficit of $1.66 billion (FOB) in November, compared with a deficit of $925.5 million in the same period in 2018.
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The median forecast of 12 analysts in the poll was for a $270 million deficit in January, compared with December's revised $61.7 million deficit.
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Colombia registered a trade deficit of $1.43 billion (FOB) in August, compared with a deficit of $692 million in the same period in 2018.
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INDONESIA C.BANK GOV: 2019 C/A DEFICIT EXPECTED AT AROUND 2.7% OF GDP, 2020 C/A DEFICIT SEEN AT 2.5%-3% OF GDP RANGE
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Corker, a prominent deficit hawk, said he wants his fellow Republicans to add a backstop measure to prevent tax cuts from ballooning the deficit.
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The legislation would increase the U.S. deficit by around $320 billion, pushing the annual deficit to $1 trillion, according to the Congressional Budget Office.
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They generally preferred holding down the deficit through a small government, but they were also open to tax increases to bring down the deficit.
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Colombia registered a trade deficit of $813.3 million (FOB) in October, compared with a deficit of $1.18 billion in the same period in 2018.
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The overall deficit with China is running 6.4 percent below last year's pace, although the deficit is still the largest with any single country.
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Colombia registered a trade deficit of $540.6 million (FOB) in December, compared with a deficit of $579.9 million in the same period in 2018.
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Even putting aside the inanity of using the trade deficit as a scoreboard to determine if the United States is "winning" or "losing," most economists say larger economic forces determine the deficit, including the government's fiscal deficit, which Mr. Trump has been busily increasing.
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"The market moved into a small deficit in Q3, will remain so in Q4 and then the deficit will expand significantly in 2017," it added.
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The actual budget deficit is larger than what the report -- for example, for fiscal '1853, which ends September 1843th, the deficit was around $1833 billion.
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That resulted in a trade surplus of $1.06 billion in December, compared with a forecast of a $1.1 billion deficit, and November's $1.18 billion deficit.
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Including a current account deficit of $8.508 billion in the first quarter, Mexico posted a deficit of $3.365 billion in the first half on 2019.
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Tariffs might cut the bilateral deficit with China, but America would find it nearly impossible to shrink its overall deficit without engineering a domestic recession.
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The excessive deficit procedure can lead to fines of up to 0.2 percent of GDP if recommendations to cut the deficit and debt are ignored.
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The deficit for the fiscal year to date was $103 billion, compared to a deficit of $183 billion in the comparable period for fiscal 2017.
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For the first four months of this budget year, the deficit totals $160.4 billion, below last year's deficit of $194.2 billion for the same period.
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That resulted in a trade deficit of $1.18 billion in November, compared with a forecast of a $0.87 billion surplus, and October's $0.28 billion deficit.
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Its projected budget deficit of 2.4 percent of GDP for the next fiscal year is below the 3 percent deficit limit in the monetary union.
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Statistics New Zealand said the country experienced a monthly trade deficit of NZ$1.143 billion in September, with the annual deficit at NZ$2.91 billion.
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UK's trade deficit to the EU stood at 60 bn pound, and the country's services sector has been the key to reduce that deficit level.
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Brazil's fiscal deficit is projected to exceed 8% of GDP this year, according to the IMF, compared with an overall deficit of 5.5% for Argentina.
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China has budgeted a 2016 deficit of 3 percent of gross domestic product, compared with an actual fiscal deficit ratio of 2.4 percent in 2015.
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The current account deficit widened 43 percent to $18 billion in the year that ended June 30, while the fiscal deficit ballooned to 6.6 percent.
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This compares with 2016's RUB320 million deficit or 1.4% and an even larger average annual deficit of RUB2 billion or 7503% in 2012-2015.
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The country's estimated budget deficit was 136 billion Saudi riyals or 4.6% of GDP in 2018 compared to the 9.3% deficit in the previous year.
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President Donald Trump is mad online about America's trade deficit with Canada even though the United States does not have a trade deficit with Canada.
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"Canadians were okay with a modest deficit for a specific purpose but I think there's a difference between that and a perpetual deficit," said Nanos.
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The central bank now expects a $9.2 billion deficit this year and $18.4 billion deficit next year, down from $16 billion and $30 billion previously.
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If these trends continue, the overall deficit for the year will be significantly larger, and the bilateral deficit with China will be up $28503 billion.
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The U.S. trade deficit with China contracted in February to $29.26 billion, but it still made up more than half of its overall trade deficit.
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This increase in the US fiscal deficit will eventually translate into a higher total trade deficit as well, exactly the opposite of President Trump's intentions.
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In fact, the 2018 trade deficit set a record of $891.2 billion for merchandise trade, with a $621 billion deficit for goods and services overall.
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In case readers had not picked up on this, after strident denunciations of deficit spending during the Obama administration, Republicans are now proposing deficit increases.
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Orenburg Region recorded a deficit before debt variation of 5.2% of total revenue at end-2015 (2014: deficit 3.8%), driven by funding needs for capex.
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The global zinc market deficit widened to 36,900 tonnes in October from a revised deficit of 35,9753 tonnes in September, the latest industry data show.
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Trump's trade policies will have little effect on the trade deficit, but the Trump tax cuts make our trade deficit worse by increasing U.S. borrowing.
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We do not believe that the fiscal deficit target will be missed by enough to knock the government off its deficit reduction path next year.
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And since money always flows from surplus to deficit units, these excess savings will go to deficit countries in exchange for financial and real assets.
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That combination of an increased budget deficit and a stronger dollar is bound to cause the U.S. trade deficit to widen rather than to narrow.
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|
The median estimate of 14 economists showed a deficit of $1.5 billion in April, with the deficit forecasts ranging between $869 million and $1.852 billion.
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The fiscal year-to-date deficit was $621 billion through August, up 17 percent from a $530 billion deficit at the same time last year.
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Oman had projected a budget deficit of 2.5 billion rials ($6.50 billion) in 2020, corresponding to a fiscal deficit of 8% of gross domestic product.
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DEFICIT: BMO forecasts a deficit of 20.4,21 tonnes in 2742 and a shortage of 21.9,22 tonnes in 2.33 in the 22.3-million-tonne nickel market.
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A natural way for members of Congress to express concern about the budget deficit would be to not vote for large, deficit-increasing tax cuts.
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The United States' trade deficit with Europe is less than one-third that of its deficit with China, even though total trade is much larger.
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The tax overhaul is projected to add $1.5 trillion to the deficit over a decade, and the budget agreement will balloon the deficit even further.
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|
The 6900 federal deficit for the fiscal year spiked to $2628 billion through February, surpassing the entire annual deficit of 28503 in just five months.
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The Congressional Budget Office in January projected a deficit of $559 billion in 2017 and a cumulative deficit of $9.4 trillion from 2018 to 85003.
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The U.S. had a net deficit of $220006 billion — a surplus of about $2202 billion with Canada and a deficit of $2628 billion with Mexico.
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In fact, the United States has run an annual trade deficit since 1975, and our 2017 deficit with China rose to a record $375 billion.
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By 2023, the deficit would reach $1 trillion, and in 2027, a projected $1.4 trillion deficit would be equal to 5 percent of the economy.
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The added debt includes $2202 billion in new projected deficit spending for 2628, accounting for 28500 percent of the expected deficit for the fiscal year.
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"We expect a deficit for this year of around 1.5 million tonnes and a similar deficit next year," said Kamil Wlazly, analyst at Wood Mackenzie.
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|
At the close of fiscal 2017, the annual operating deficit is estimated at C$1.5 billion while the accumulated deficit peaks at C$193.5 billion.
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Andalusia also met the 0.7% fiscal deficit financial goal set by the Budgetary Stability Law for the year, posting an overall fiscal deficit of 0.65%.
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AF: So they care about the trade deficit and yet we've also seen this administration tie the prosperity of the U.S. directly to that deficit.
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Fitch estimates the budget deficit widened to 4% of GDP in 203, from 1.9% in 2014 and compared with a budget deficit target of 2.3%.
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The bank increased its budget deficit forecasts to 2.5% of gross domestic product this year from 2.4% previously and forecast a 1.4% deficit in 2022.
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"Ultimately the nickel market has been in deficit for three years running and we are expecting another deficit this year," said Roskill senior analyst Olivier Masson.
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Though America runs a large trade deficit with India, it is a twelfth the size of America's deficit with China, so less irksome to Mr Trump.
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The Dow wiped out most of a 784 point deficit to finish down 79 points, while the Nasdaq erased a 2.4 percent deficit to finish higher.
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Do you know that if we knock down the trade deficit right, trade deficit by just a little bit 93 percent, we can do that easily?
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The deficit was below market expectations for a gap of 16 billion reais and came after another hefty primary deficit of 18.125 billion reais in May.
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Monday's proposal put the 28500 deficit at nearly $6900 trillion, and Trump's White House is predicting that it will take 2628 years to eliminate the deficit.
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Adjusting its 2018-2021 budget strategy, the government has revised down its 2018 structural deficit target to 0.25% of GDP (nominal deficit of 0.1% of GDP).
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France now has until 2017 to bring its deficit into line — it looks set to achieve it having reached a deficit of 3.5 percent in 2015.
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ILZSG data released on Monday showed the global zinc market deficit narrowed to 28,0503 tonnes in January from a revised deficit of 62,400 tonnes in December.
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And, by the way, the-- within the U.S. trade deficit-- years ago, 20 years ago-- a large part of the U.S. trade deficit was with Japan.
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In 2017, Turkey's budget is expected to show a deficit of 61.7 billion lira, more than twice the 2016 budget deficit of around 30 billion lira.
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We forecast the current account deficit (CAD) to narrow to 3.8% in 2019 from 103% in 2016, reflecting the gradual improvement in the structural trade deficit.
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The deficit for 2017/18 now stands at 2.0 percent of gross domestic product — the smallest budget deficit as a share of GDP since 18.53/02.
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When accounting for calendar adjustments, October would have shown an $84 billion deficit compared to an adjusted $88 billion deficit in the same month of 2015.
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NICKEL DEFICIT: The global nickel market deficit widened to 12,500 tonnes in May from a revised shortfall of 7,2504 tonnes in the previous month, data showed.
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Since Obamacare reduced the deficit, it would stand to reason that repealing it increases the deficit in the long run, and runs afoul of this rule.
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Orenburg Region recorded a larger deficit before debt variation of 5.2% of total revenue at end-2015 (2014: deficit 3.8%), driven by funding needs for capex.
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Trump has argued that there is a very high trade deficit between China and the U.S. and he plans to reduce this deficit by imposing tariffs.
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|
The political members of Temer's cabinet have argued in favor of raising the budget deficit to around 159 billion reais, the same deficit reported last year.
|
|
Rangers overcome four-run deficit, rout Yankees ARLINGTON, Texas — A four-run deficit is proving to be no big deal for the Texas Rangers to overcome.
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It has also met the 0.7% fiscal deficit financial goal set by the Budgetary Stability Law for the year, posting an overall fiscal deficit of 0.65%.
|
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The U.S. Commerce Department is likely to report on Tuesday that the trade deficit widened to $46.2 billion from a deficit of $45.7 billion in January.
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BEIJING (Reuters) - China on Friday posted a final current account deficit of $34.1 billion for the first quarter of 2018, the first deficit since early 2010.
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When accounting for calendar adjustments, the government's deficit was $26 billion compared to an adjusted deficit of $48 billion in the same month the previous year.
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Pence was a committed deficit hawk in Congress; Trump has shown little concern with growing the deficit to facilitate his tax cuts and other policy proposals.
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Democrats are hoping to retake the House, where they face a 23-seat deficit, and the Senate, where they face a two-seat deficit, in November.
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DEFICIT: The roughly 218 million tonne a year copper market will see a deficit of 0.33,20.3 tonnes this year, according to Bank of America-Merrill Lynch.
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After years of high-deficit spending following the Great Recession, the federal budget deficit that year had fallen to $2900 billion, its lowest level since 220006.
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"An expanding deficit and debt level is likely to put upward pressure on interest rates, expanding the deficit further," Jan Hatzius — Goldman's chief economist — wrote Sunday.
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For perspective, the United States had a trade deficit of $2628 billion with the EU and a total trade deficit of almost $28500 billion in 6900.
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For the first quarter, the primary fiscal deficit was 31 billion pesos and the total financial deficit was 91.5 billion pesos, according to the government's presentation.
|
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The current account deficit tightened nearly 60 percent from 2016 to $9.762 billion, central bank data showed on Friday, capped by a $4.327 billion December deficit.
|
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Correction: A previous version of this article incorrectly stated America's trade deficit with China in 2017 and by how much the deficit rose in August 2018.
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When accounting for calendar adjustments, August would have shown a $118 billion deficit compared with an adjusted $107 billion deficit in the same month in 2015.
|
|
Last month the cabinet approved a draft budget projecting a 1.3 billion dinar ($3.4 billion) deficit for 2017 and a 1.2 billion dinar deficit in 2018.
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Senator Bob Corker of Tennessee, who considers himself a strict deficit hawk, said he remains deeply concerned about enacting tax cuts that add to the deficit.
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Oman had projected a budget deficit of 2.5 billion Omani rials ($6.50 billion) in 2020, corresponding to a fiscal deficit of 8% of gross domestic product.
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The Tax Foundation argued that trade deficit increases aren't necessarily a bad thing, but that a rapid change in the trade deficit could be a concern.
|
|
DEFICIT SET TO SPIKE: The federal budget deficit is set to increase this year, the first such spike since the depths of the recession in 2009.
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A handful of GOP deficit hawks are worried that their party's tax plan could add trillions to the deficit, deepening a debt crisis for future generations.
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While most economists tend to dismiss the trade deficit as inconsequential, to Trump a large trade deficit is a clear sign of American manufacturing in decline.
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It can only increase the federal deficit by $1.5 trillion in the next 10 years and it can't increase the deficit at all after 10 years.
|
|
A senior Treasury official declined to confirm Borghi's 1.8% 2019 deficit projection but said it now looked "possible" that the deficit would be 2% or lower.
|
|
DEFICIT: The roughly 9003 million tonne a year copper market will see a deficit of 2900,212 tonnes this year, according to Bank of America-Merrill Lynch.
|
|
The fiscal 2019 deficit is projected to near $1 trillion, including deficit-financed tax cuts and two-year spending caps that Congress passed just last week.
|
|
Trump's actual signature policy change has been to increase the federal deficit substantially (which raises the trade deficit by encouraging borrowing from abroad) in order to finance a big cut in corporate tax rates (which raises the trade deficit by encouraging foreigners to invest in US stocks).
|
|
OTTAWA (Reuters) - Canada posted a budget deficit of C$22016 billion ($22017 billion) for the 22015-17 fiscal year, the Finance Department said on Tuesday, below the preliminary deficit of C$21.85 billion reported in May and well above the C$1.0 billion deficit the year before.
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DEFICIT: Data from the International Nickel Study Group shows the nickel market deficit at 46,000 tonnes in 2016, 1133,000 tonnes in 2017 and 127,2875.50 tonnes last year.
|
|
President Trump also needs to accept that reducing the US-China trade deficit will do nothing for America's overall trade deficit with the rest of the world.
|
|
But according to the Congressional Budget Office (CBO), the disaster relief funding increased the deficit by $20.4 billion in 24 — less than 29 percent of the deficit.
|
|
The deficit in November was $2.05 billion, larger than October's revised deficit of $1.77 billion and the biggest trade gap since July 2013, according to Refinitiv data.
|
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For the fourth quarter, the streaming giant said its free cash flow deficit swelled to $1.32 billion, compared with the deficit of $524 million a year ago.
|
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But instead of focusing on mandatory savings cuts to reduce the deficit, it allows for a $1.5 trillion increase to the deficit over the next 10 years.
|
|
The deficit for the fiscal year, which began in October, was $600 billion, compared to a deficit of $527 billion in the same period of fiscal 2017.
|
|
S&P Global said on Tuesday it expected a deficit of 10% of GDP and Fitch said on Thursday it forecast a deficit of 9% of GDP.
|
|
The finance ministry wants to limit the budget deficit to 3.2 percent of gross domestic product this year, before cutting the deficit by 1 percentage point annually.
|
|
It expects the deficit to break the 3% ceiling enshrined in the EU's Stability and Growth Pact, meaning Italy will violate both the debt and deficit rules.
|
|
The European Commission said previously that it's not only worried about Italy's headline deficit, but mostly with its structural deficit (which excludes the state of the economy).
|
|
BUENOS AIRES, Nov 24 (Reuters) - Argentina posted a trade deficit in October of $114 million, its first deficit since March, the government's statistics agency said on Thursday.
|
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Notably the budget did not mandate spending cuts to reduce the deficit, instead allowing for a $1.5 trillion increase to the deficit over the next 10 years.
|
|
SMM-CUYP-CN DEFICIT: The 24 million tonne a year copper market saw a deficit of 387,000 tonnes last year, the International Copper Study Group (ICSG) said.
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"If it (the overall deficit) is 2.4 percent, it's possible that the structural deficit will not be within the bounds of the (EU) stability and growth pact".
|
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He added that his country now accounts for only 9 percent of the U.S. trade deficit, compared with China, which accounts for 47 percent of the deficit.
|
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That compared with a deficit of $7.2 billion in the first quarter of 2017 and a deficit of $9.3 billion in the fourth quarter of last year.
|
|
DEFICIT: Data from the International Nickel Study Group shows the nickel market deficit at 46,000 tonnes in 2016, 1193,000 tonnes in 2017 and 127,2882 tonnes last year.
|
|
In 2017, Germany ran a trade deficit with China of 14 billion euros, tiny compared to the U.S. deficit of $0003333 billion, or about 346 billion euros.
|
|
Of course, happy thought for the day, as any trained economist knows, increasing the federal budget deficit will eventually only make the balance of trade deficit worse.
|
|
The deficit for the fiscal year, which began last October, was $607 billion, compared to a deficit of $523 billion in the same period of fiscal 2017.
|
|
But-- the government is determined to reduce, first, primary deficit, eliminate the whole primary deficit, and then-- try to reduce-- debt-to GDP ratio gradually over time.
|
|
The new government plan is to eliminate the deficit in 2019 while this year's deficit target was pared down to 2.6 percent of GDP from 2.7 percent.
|
|
While the federal deficit will continue to grow, this is not necessarily a bad thing so long as the deficit leads to economic growth, including additional hiring.
|
|
The deficit for the fiscal year, which began in October, was $391 billion, compared to a deficit of $351 billion in the same period of fiscal 2017.
|
|
"If you look at the trade deficit, it's basically unchanged, but if you look underneath, there's been this dramatic decline in the petroleum trade deficit," said Zandi.
|
|
Asked about reports of a $57 million budget deficit at the transit agency, he said he told officials there to reduce the deficit without a fare increase.
|
|
The Congressional Budget Office estimated Monday that the annual deficit will now top $1 trillion by 2020, exceeding deficit spending compared to when President Obama left office.
|
|
He noted the IMF had estimated that a 1 percent rise in the budget deficit led to a 0.6 percent increase in the U.S. current account deficit.
|
|
The deficit for the fiscal year, which began last October, was $385 billion, compared to a deficit of $344 billion in the same period of fiscal 2017.
|
|
Over the past decade, the United States had a goods deficit of $724 billion and a net deficit of $518 billion — below Mr. Trump's $817 billion figure.
|
|
He said Cuomo (D) is upset because he's facing a state budget deficit but argued that the Senate bill would help make up for half that deficit.
|
|
They knew the falling deficit was a key Clinton talking point and they knew they didn't like Clinton, so they "knew" he was lying about the deficit.
|
|
It meant including the tax increases that Republicans now seek to repeal in order to keep the proposal from blowing out the budget deficit, soothing deficit hawks.
|
|
The deficit for the fiscal year, which began last October, reached $684 billion, compared to a deficit of $566 billion in the same period of fiscal 2017.
|
|
In 103, Germany ran a trade deficit with China of 14 billion euros, tiny compared to the U.S. deficit of $375 billion, or about 346 billion euros.
|
|
Romania's central bank has rejected the EU's 2021 deficit estimate, saying fiscal measures would prevent the deficit going so high and incurring the wrath of financial markets.
|
|
As such it is the major bulwark against the United States' multibillion-dollar seafood trade deficit — the second-largest deficit in our trade portfolio, after crude oil.
|
|
The poll consensus was for a global deficit of 23 million tonnes in the 22/211 season following a deficit of 22019 million in the current season.
|
|
When accounting for calendar adjustments, the government's deficit was $131 billion compared to an adjusted deficit of $88 billion in the same month in the previous year.
|
|
The deficit for the fiscal year, which began last October, was $532 billion, compared to a deficit of $433 billion in the same period of fiscal 2017.
|
|
Maybe that will focus his mind on the need to rein in the ballooning U.S. budget deficit, which is the proximate cause of our widening trade deficit.
|
|
By Republicans' own argument, which is shared by some economists, the import tax would shrink the trade deficit — and as the deficit shrinks, so would BAT revenue.
|
|
The United States had a $64.9 billion trade deficit with Germany in 2016, according to U.S. government data, down from a $74.8 billion deficit the year before.
|
|
Several GOP deficit hawks remain concerned about the impact on the deficit, which the Congressional Budget Office estimated would increase by $1.4 trillion over the next decade.
|
|
Previous targets announced after the country inked the IMF deal in June included a 1.3 percent of GDP primary fiscal deficit in 2019, with no deficit in 2020.
|
|
A fiscal deficit happens when a government's total spending exceeds the revenue that it earns, while current account deficit occurs when a country imports more than it exports.
|
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A fiscal deficit means the government is spending more than what it earns, and current account deficit occurs when the value of U.S. imports exceed what it exports.
|
|
With a faster growth rate the budget deficit would be smaller — taking pressure off deficit reduction and possibly even opening the door to tax cuts or spending increases.
|
|
DEFICIT: The global zinc market deficit deepened to 32,500 tonnes in July from 14,200 tonnes in June, data from the International Lead and Zinc Study Group (ILZSG) showed.
|
|
"We see the global primary aluminum market in a stronger deficit in 2018," Hydro said, adding that in the first quarter "the market was moving towards a deficit".
|
|
The deficit isn't going anywhere When Trump released his first budget proposal, it projected that the deficit would fall to $220006 billion by 2202 and disappear by 2628.
|
|
When accounting for calendar adjustments, the deficit last month was $165 billion compared with an adjusted deficit of $134 billion in the same month in the prior year.
|
|
It has twice the poverty rate of both West Coast cities, and Baltimore's budget deficit has reached $20 million, in addition to its even higher school-funding deficit.
|
|
Argentina on Tuesday reported a current account deficit of $2.317 billion in the fourth quarter of 2018 versus a deficit of $9.367 billion in the same 2017 period.
|
|
As written, it is almost guaranteed to increase the budget deficit by trillions over 100 years, and quite possibly keep increasing the deficit after 229 years are up.
|
|
As written, it is almost guaranteed to increase the budget deficit by trillions over 20103 years, and quite possibly keep increasing the deficit after 10 years are up.
|
|
The Trump administration wants more substantial U.S. content in autos, the main source of the $64-billion trade deficit with Mexico and the $11-billion deficit with Canada.
|
|
"The key point is that our deficit targets agreed with the European Union concern the structural deficit, which does not take the economic cycle into account," he added.
|
|
Last year, investors already worried about the so-called twin deficit — comprising the United States budget and current account deficit, or the gap in the country's global trade.
|
|
DEFICIT: The global zinc market deficit deepened to 212,2500 tonnes in July, from 14,200 tonnes in June, data from the International Lead and Zinc Study Group (ILZSG) showed.
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NICKEL BALANCE: The global nickel market deficit widened to 0.53,20.5 tonnes in January from a revised deficit of 213 tonnes in December, the International Nickel Study Group said.
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Indec also revised the second quarter 2017 deficit to $6.64 billion, up from $5.95 billion previously, and the first quarter deficit to $7.16 billion from $6.94 billion previously.
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James Lankford (R-OK), a deficit hawk who early on expressed concern about the tax bill's impact on the deficit, also questioned the "assumptions" made in the analysis.
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Deficit hawks The GOP's purported aversion to increasing the deficit — a clarion call during Obama's eight years in office — was oddly muted with Trump in the White House.
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Tax cuts will add almost $165 billion to this year's deficit, and the spending bill will add another $70 billion, bringing this year's deficit close to $800 billion.
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Might not an increase in the budget deficit contribute to an unwelcome rise in the U.S. trade deficit and thereby lead to more calls for harmful trade protection?
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The bill's effect on the deficit has caused some hand-wringing among Republicans, who traditionally rail against deficit growth any time a Democrat is in the Oval Office.
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Meanwhile, because of the large tax cut, the economy has developed a twin budget deficit and trade deficit problem that threatens the country's longer run economic growth prospects.
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The Southeast Asian country's trade deficit in January-September ballooned to $29.9 billion, compared with the $17.5 billion deficit in the same period last year, the data showed.
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Economists across the political spectrum disagree with the notion that the tax cuts won't add to the deficit, and the federal deficit has increased since the law's passage.
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In 2016, the U.S. had a $347 billion trade deficit with China for goods and a $27.7 billion deficit with South Korea, according to the U.S. Census Bureau.
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So-called "mandatory" spending is the chief architect of our growing national debt, nearly half-trillion dollar budget deficit, and true long-term structural deficit estimated $105 trillion.
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Corker insists a tax cut that seems to expand the deficit by $1.5 trillion under budget rules may not, in the real world, expand the deficit at all.
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We have shrunken the budget deficit tremendously and we have shrunken the state oil and gas company deficit to zero and so the inflationary pressures have receded tremendously.
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" Mosler says politicians are only obsessed by the deficit because voters are: "We've created an electorate who believe the deficit is too large and has to come down.
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By year 10, the Senate bill doesn't increase the deficit, according to the Joint Committee on Taxation, suggesting that it won't raise the deficit over the long run.
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The Department of Commerce reported a $810 billion deficit in goods in 2017, but a total trade deficit of $566 billion that includes a trade surplus in services.
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The Commerce Department reported an $810 billion deficit in goods in 2017, but a total trade deficit of $566 billion when the trade surplus in services is included.
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Mr. Trump has seized on that shrinking deficit as evidence that his trade policy is narrowing the trade deficit and boosting growth, as have some of his supporters.
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In exchange, both sides had to let the other side push up the budget deficit, but it turned out neither side cared all that much about the deficit.
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But the new Ryan was said to be a deficit visionary thanks to his 2010 budget framework, which outlined a long-term plan to reduce the budget deficit.
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DEFICIT: The global world refined copper market showed a 51,000 tonnes deficit in March after a 72,000 tonnes surplus in February, the International Copper Study Group (ICSG) said.
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Alberta's budget deficit was C$13 million ($629 million), compared with a deficit of C$1.2 billion for the same period a year earlier, because of lower expenses.
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ROME (Reuters) - Italy Deputy Prime Minister Luigi Di Maio said on Thursday EU deficit rules must be revised in order to exclude investment expenses from deficit-GDP calculations.
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The median forecast from 12 economists in the poll was for a trade deficit of about $470 million in December, following a revised $1.39 billion deficit in November.
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MCUSTX-TOTAL CU-STX-SGH COPPER DEFICIT: The world refined copper market showed a deficit of 9753,2975 tonnes in October, down from 210,26 tonnes in September, data showed.
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Analysts point to President Trump's trade war as a factor in the increased deficit, though the strong dollar and the growing budget deficit are major factors as well.
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The United States had a total goods trade deficit of $750 billion in 2016, but a services trade surplus of $250 billion — a net deficit of $500 billion.
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"You should not be surprised if the real deficit touches 4.5% of GDP," he said, adding the 'official' deficit could be kept between 3.5% and 4% of GDP.
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And the administration has also laid out what they like to see, the trade deficit, the bilateral trade deficit come down by $100 billion in the short run.
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Bills passed through reconciliation can't add to the deficit outside the budget window, so a budget resolution is likely to call for tax reform that is deficit-neutral.
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According to National Bureau of Statistics in 2016, the U.S. trade deficit with China stood at $347 billion which accounted for 62% of the total goods trade deficit.
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"Instead, Republicans should argue that the tax cuts should be deficit neutral — meaning they wouldn't add to the deficit because of the economic growth they'd produce," they said.
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The Trump administration is still laboring under the delusion that their tax cuts will not just be deficit-neutral but actually raise money to pay for deficit reduction.
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GOP voters instead appeared more focused on cutting the federal deficit, despite a Trump administration agenda that has the deficit on track to top $1 trillion this year.
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The Socialist government initially forecast a 0.2% deficit for 2019, recently trimmed to a 0.1% deficit, and had set itself the target of generating a surplus in 2020.
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JAKARTA (Reuters) - Indonesia's trade deficit expected to have narrowed in May, following the biggest trade deficit in the country's history in April, a Reuters poll showed on Friday.
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The Congressional Budget Office estimates the House bill will increase the deficit by $22001 trillion, and the initial analyses of the Senate bill show it is on track to increase the deficit outside the 2300-year window — the plan's largest impact on the deficit is by $260 billion in 20403.
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Italy's government made concessions over its deficit for this year but has not explained how it intends to counter a forecast rise in its deficit and debt next year.
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Including debt interest payments, the government posted a deficit of 25.9 billion pesos in January, compared with a deficit of 5.6 billion pesos in the same month last year.
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The trade deficit for the third quarter stood at $28.345 billion compared with a deficit of $228 billion in the same period a year earlier, according to Reuters calculations.
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The U.S. trade deficit narrowed slightly in December, but the improvement wasn't enough to keep the deficit for the entire year from rising to the highest level since 2012.
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JAKARTA, Aug 9 (Reuters) - Indonesia's current account deficit widened in the second quarter, sending the overall balance of payments into deficit, data from the central bank showed on Friday.
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The Australian Bureau of Statistics released data showing Australia's first-quarter current account deficit was A$20.8 billion, compared with Reuters forecasts of the deficit at A$19.5 billion.
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As the overall deficit was previously expected at 2.8 percent, the new underlying deficit risks pushing the overall number towards 3.4 percent - past the European Union's 3-percent limit.
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India's current account deficit is expected to be around 2.5 per cent of GDP in 2018-19 and the gross fiscal deficit has kept to budgetary targets, he added.
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DEFICIT: The copper market is expected to have a 205,550 tonne deficit this year and 172,000 tonnes in 2753, according to the average forecast in a recent Reuters survey.
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The International Nickel Study Group (INSG) is still forecasting a supply-usage deficit this year but it has just trimmed its expectations and adjusted its deficit calculation for 2016.
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When accounting for calendar adjustments, the deficit last month was also $139 billion compared with an adjusted deficit of $137 billion in the same month in the previous year.
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Though France remained comfortably below an EU deficit limit of three percent last year, the increase adds pressure on efforts to keep the deficit to 2.6 percent this year.
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Argentina posted a fiscal deficit of 22.9 billion pesos ($622 million) in September, bringing the deficit to 153 billion pesos ($28 billion) in the first nine months of 2018.
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Without policy changes, it will not bring its deficit below 3 percent this year either and its structural deficit is also rising sharply, rather than falling as it should.
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The government forecasts a deficit of 272 billion rials or 22016 percent of gross domestic product (GDP) this year, down from a deficit of 22020 billion rials for 2015.
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The partisan tax cuts that the Republicans are about to pass this year will raise the budget deficit, and trade deficit, as the 1981 and 2001 tax cuts did.
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The Budget panel says its blueprint would reduce the deficit by $15 billion in 2018 and projects that the deficit would turn into a $9 billion surplus by 2027.
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When adjusted for calendar effects, the U.S. government's deficit last month was $129 billion compared with an adjusted deficit of $122 billion in July 2018, the Treasury official said.
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He argues that the trade deficit is of immediate seriousness, and our bilateral deficit with China is due in large measure to Chinese trade practices, not U.S. macroeconomic policies.
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It worked: By year 10, the bill doesn't increase the deficit, according to the Joint Committee on Taxation, suggesting that it won't raise the deficit over the long run.
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"The fight for the issue of the deficit, while it will be discuss with the deficit hawks … will not be terribly relevant in the current appropriations process," he said.
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Those increases grew the discretionary budget by 2628 percent over two years and added $28500 billion to the deficit this year alone — that's one-fifth of this year's deficit.
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Three in 23.5 overall (31%) say the deficit would remain about the same if the plan is enacted, and two-in-10 (22%) say it will shrink the deficit.
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On Tuesday, Slovenia's parliament set deficit targets for 2017 to 2019 that project the deficit will fall 0.6 percent of GDP each year, in line with euro zone rules.
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President Trump is working to solve the problems of the budget deficit and the trade deficit by seeking long-term solutions, even if there is some short-term pain.
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The 2016 budget, approved in October, targets a deficit of 2.8% of GDP, in line with the European Council's Excessive Deficit recommendation, and prioritises expenditure reduction over revenue increases.
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Last month, the Liberals unveiled their new budget, projecting a C$14.9 billion deficit in 2018/19, with the deficit rising to C$19.8 billion in fiscal 2019/20.
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OMB – deficit estimate: The Hill: The White House Office of Management and Budget announced its updated deficit projection of $1 trillion in the fiscal year that begins Oct. 1.
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NICKEL DEFICIT: The global nickel market deficit widened to 21,0.23 tonnes in September from a revised shortfall of 20.2 tonnes the previous month, the International Nickel Study Group said.
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Bob Corker, who has said he is worried about the deficit, is backing away from his promise to vote against any bill that adds "one penny" to the deficit.
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This week, the nonpartisan Committee for a Responsible Federal Budget projected a deficit of $2.1 trillion deficit that year if the current fiscal and tax policies are made permanent.
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The budget deficit has hit a level unprecedented except during wars and in the immediate aftermath of major economic crises; the trade deficit in goods has set a record.
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Argentina recorded its biggest trade deficit with China in its history last year at $7.7 billion, surpassed only by its deficit with Brazil, which was $8.6 billion in 2017.
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Lawmakers continue to debate whether the eventual legislation will be "deficit neutral" and whether they would support temporary tax cuts that add to the deficit as a last resort.
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Yet critics say a deficit-financed tax cut is at odds with longstanding Republican calls for fiscal discipline, including that tax cuts not add to the ballooning federal deficit.
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The government at the time inherited a deficit worth about 10 percent of Britain's G.D.P. It pledged, but failed, to get the deficit down to zero percent by 2015.
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"We understand the potentiality of the deficit impact, but the deficit impact is not a barrier for the need to act on behalf of the American people," Ueland said.
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"The projection was that the deficit including the macroeconomic feedback would increase the deficit by about 1 percent of GDP, and that's about what we see today," he said.
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The U.S. government released eye-popping deficit numbers as recently as last week that showed the federal budget deficit is on course to cross $1 trillion in fiscal 2020.
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DUBAI, Feb 17 (Reuters) - Saudi Arabia could have a fiscal deficit of 7.4% this year and a deficit of 8.1% in 2021, S&P Global analysts said on Monday.
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DEFICIT WORRY Monday's ONS figures showed Britain's current account deficit in the second quarter narrowed by less than expected, to 25.2 billion pounds ($31.02 billion) from 33.1 billion pounds.
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At 4.6% of gross domestic product, the deficit was larger than any economist had expected in a Reuters poll which had pointed to a deficit of 19.5 billion pounds.
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Canada posted a trade deficit of C$25 million in August after a revised C$21.230 billion deficit in July, as both imports and exports rose, Statistics Canada said.
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Two weeks after rallying from a 32-point, third-quarter deficit at Washington State, the Bruins teased another colossal comeback when they twice cut the deficit to 10 points.
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Treasury data Monday showed the federal deficit totaled $1.02 trillion over the 12 months that ended in December, the first year the deficit has topped the $1 trillion market.
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GOP deficit hawks in the Senate have been pushing for a backstop that would scale back tax cuts if they add more to the deficit than Republicans expect. Sen.
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France may bring its deficit below 3 percent this year, but could break the rules again next year by not cutting its structural deficit enough in 2018, it said.
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At the same time, they argue that their own official deficit figure is inaccurate and wouldn't materialize due to growth and different methods of measurements of the deficit baseline.
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On the international side, the inflows and outflows also balance, so if net capital inflows are needed to finance a government deficit, there will be an offsetting trade deficit.
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The president cites the trade deficit with Mexico to show that NAFTA is bad, but factoring in the U.S. content in Mexican manufactured exports, the deficit shrinks or disappears.
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The state is contending with a $940 million budget deficit for the current fiscal year and a $2 billion projected deficit for the next fiscal year starting in July.
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After April's record trade deficit, BI revised its outlook for 2019's current account deficit to a range of 2.5%-3% of GDP, from an initial forecast of 2.5%.
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That&aposs because most of the cuts wouldn&apost affect the deficit at all since CBO doesn&apost give deficit credit for cutting money that would never have been spent.
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Corker, a deficit hawk from Tennessee, stalled momentum on the Senate tax bill earlier this month, then ended up voting against it due to its expansion of the federal deficit.
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Allen Sandeep, head research at Naeem Brokerage, said the surge in the current account deficit was due to a widening of both non-oil imports and the oil trade deficit.
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But while a reconciliation bill can increase the short-term budget deficit, the Congressional Budget Office has to certify that it won't increase the budget deficit over the long term.
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Second, the recent tax-cutting package passed by Congress means that the US will combine a big fiscal deficit with a trade deficit; meaning its government needs financing from abroad.
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The city, if it continues to operate without raising property taxes, will have a deficit of $500,000 by 2020 and a deficit of $3.3 million by 2025, the City says.
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While both political parties within the coalition said Wednesday they want a deficit of 2.4 percent of GDP, the finance minister is reportedly pushing for a deficit of 1.6 percent.
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Despite the lower deficit ratio, the absolute amount of the deficit is expected to remain unchanged at 2.38 trillion yuan ($376 billion), according to the finance ministry's annual budget report.
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Despite the lower deficit ratio, the absolute amount of the deficit is expected to remain unchanged at 2.38 trillion yuan ($376 billion), according to the finance ministry's annual budget report.
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The country's current-account deficit has ballooned in recent years, while the fiscal deficit has shot up to 6.8 percent of the economy in the year that ended June 30.
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What we know: The deficit hawks are still negotiating a "trigger" that would take effect if the tax bill adds to the deficit or falls short of economic growth predictions.
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To improve the structural deficit even slightly, Italy's headline deficit probably needs to stay between 1.5 and 1.7 percent of gross domestic product (GDP), EU officials and economists have estimated.
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And when asked to choose directly between cutting the deficit or generally cutting taxes, 39 percent said the deficit is more important, compared with 22 percent who favored cutting taxes.
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But without overhauling entitlement programs like Social Security and Medicare, two major drivers of the federal deficit, it's difficult to envision how those lofty deficit-reduction numbers become a reality.
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While the deficit pointed to strong economic activity, the widening trade gap has added to worries the current account deficit could persist in 2018 and continue to pressure the peso.
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Canada's trade deficit narrowed in September to C$978 million, compared with a revised August deficit of C$1.24 billion, as exports and imports declined, data from Statistics Canada showed.
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The Philippine central bank projects there was a current account deficit of $100 million last year, the first since 2002, and it forecasts a deficit of $700 million this year.
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But the trade deficit is not a good indicator of where to find problems like this, so relying on broad tariffs to reduce the overall deficit will not fix trade.
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ZINC DEFICIT WIDENED Indeed, ILZSG has just widened its expected 2019 zinc supply deficit to 178,000 tonnes from an assessment of 23,000 tonnes at the Group's last meeting in May.
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Any deterioration in the deficit would be due to the economic slowdown, Tria said, meaning that the structural deficit, which strips out the effect of growth fluctuations, would remain unchanged.
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Yet the new research does not definitively establish that attention deficit disorder and attention deficit hyperactivity disorder, or A.D.H.D., are causal risk factors for suicide in children, Dr. Bridge said.
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Deficit hawks worry that spending on infrastructure will balloon the deficit, environmentalists worry about adverse impacts, and some attack the tax credit funding proposals as a giveaway to the wealthy.
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Indeed, the country today is experiencing an external current account deficit of 7 percent of gross domestic product (GDP), which is the largest such deficit in the post-war period.
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Deficit hawks: The plan isn't structured to be deficit-neutral, or even close, though Cohn claims economic growth will ultimately cover the cost — a claim that has faced heavy scrutiny.
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The drought will weigh on Sri Lanka's current account deficit and foreign-exchange reserve buffers, while the government's handouts for farming families could make the fiscal deficit target a challenge.
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Fourth, even if one conceded that a trade deficit involves the U.S. losing jobs abroad, can it really be argued that eliminating the trade deficit will increase employment at home?
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Pakistan's current account deficit widened 43 percent to $18 billion in the fiscal year that ended June 30, while the fiscal deficit has ballooned to 6.8 percent of the economy.
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Trump's trade-deficit fixation put India in the crosshairs despite a relatively small $24-billion deficit, as did the March steel and aluminum tariffs, which were supposed to target China.
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Some argue that the Trump tax cut will increase the deficit, but they should listen to the wisdom of JFK in 21993, when he, too, was battling a large deficit.
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As the overall deficit was previously expected to be 2.8 percent, the new underlying deficit risks pushing the overall number towards 3.4 percent - past the European Union's 3-percent limit.
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While subsequent research from Theda Skocpol put immigration, not the deficit, at the center of the Tea Party's motivations, mainstream outlets took the GOP's anti-deficit talk at face value.
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So, for example, if a country enacts a giant tax cut that increases its budget deficit, it is effectively lowering its savings rate — which tends to increase its trade deficit.
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Deficit reaches $1 trillion milestone: Measured as a percentage of economic output, the deficit is projected to widen from 4.6 percent of GDP this year to 5.4 percent in 2030.
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He predicted that Trump administration policies would start to narrow the United States' trade deficit with China, which is equal to more than half of the nation's overall trade deficit.
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The United States does run a monthly deficit of about $4 billion with Mexico, but even that is a small fraction of the roughly $28 billion monthly deficit with China.
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One can only hope that a further widening of the trade deficit will bring home to the president the futility of engaging in trade wars to reduce the trade deficit.
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Under the new figures, the 2018 primary deficit would be 6.198 billion reais smaller than this year's target of a 159 billion real deficit, compared to 1.557 billion reais previously.
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US deficit President Trump asked his Cabinet secretaries to cut their budgets by 5% next year, as his administration tries to get a handle on the rapidly ballooning federal deficit.
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In a long-term report on the Qatari economy, the ministry forecast a fiscal deficit of 22018 percent of gross domestic product (GDP) this year, which would be the first deficit in 15 years and bigger than the deficit of 4.8 percent predicted for 2016 in the ministry's last report published in December.
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BUENOS AIRES (Reuters) - Argentina's primary fiscal deficit of 14.7 billion pesos ($729.5 million) in March put the first-quarter primary deficit at just 0.3 percent of gross domestic product (GDP), Treasury Minister Nicolas Dujovne said on Friday, half the government's target for a deficit of 0.6 percent of GDP for the period.
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It did not, and No. 5 Notre Dame — which in 2015 outlasted No. 14 Northeastern, and in 2016 overcame a 12-point halftime deficit against Michigan, a 6-point deficit against Stephen F. Austin with 843 seconds left and a 3-point deficit against Wisconsin with 25 seconds remaining — escaped once again.
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Lim said the government's projected fiscal deficit would increase slightly to 40.1 billion ringgit in 2018 from 39.8 billion ringgit, which would maintain the budget deficit at 2.8 percent of GDP.
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Reporting the overall trade deficit without that "re-export" category would swell the U.S. trade deficit, which would give Donald Trump added leverage as he tries to renegotiate new trade deals.
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"The oil market has gone from nearing storage saturation to being in deficit much earlier than we expected," said Goldman, which added that supply likely shifted into a deficit in May.
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"The current account deficit alone is not a big risk, but a combination of higher current account and fiscal deficit and inflation is expected to weigh on the rupee," he added.
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If the administration increases the budget deficit or sparks more private investment—such as the $1trn spending on infrastructure that it hopes to unleash—the trade deficit will almost certainly rise.
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The Commerce Department said earlier Wednesday its initial reading on trade deficit on traded goods was $68.19 billion last month, compared with a upwardly revised deficit of $68.59 billion in March.
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The big difference being that Germans made a huge surplus with the U.K., but their China trade recorded a 20 billion euro deficit – a fourfold increase from the deficit in 2014.
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And because it increases the deficit by $171.1 billion in 2027, and that amount is increasing not decreasing at decade's end, it's reasonable to assume it increases the long-run deficit.
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The government plans to reduce the deficit by 0.5%-of-GDP per year in 05263 and 2018, gradually converging to the 1% of GDP deficit limit permitted by the fiscal rule.
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"The market moved into a small deficit in Q3, will remain so in Q4 and then the deficit will expand significantly in 2017," Barclays bank said in a note to clients.
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Zhu said the China's 3 percent budgeted deficit-to-GDP ratio came after careful consideration as the economy faces downward pressure, when asked about a larger fiscal deficit ratio in 2016.
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Even though just two years ago when the deficit was lower, they said I couldn't afford to help working families or seniors on medicare because the deficit was in existential crisis.
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The differences begin with the deficit effects: The center says Clinton's plan would decrease the deficit by $1.6 trillion over 10 years with substantial tax increases on the wealthy and companies.
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Failing to keep the deficit in check could mean that Poland is subject again to Brussels' excessive deficit procedure, a sin bin for states whose deficits exceed 3 percent of GDP.
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There will also be a need to "anchor stability in the medium term by reducing gradually the level of the budget deficit and avoiding any monetizing of the deficit," he added.
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The deficit for the current fiscal year ending on Saturday is estimated at C$9.1 billion The provincial government expects the deficit to narrow to C$21 billion in 259-21.
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Banking system liquidity deficit was nearly 1.4 trillion rupees as the government has built up a cash balance of nearly 1 trillion rupees after cutting spending to contain its fiscal deficit.
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The euro traded flat with worries about a rise in Italy's deficit weighing on the single currency after the Italian government agreed to set a higher than expected budget deficit target.
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Investors seemed to shrug off data showing the country's annual trade deficit widened to NZ$3.22 billion ($2.35 billion) in January from a deficit of NZ$2.84 billion a month before.
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Italy posted a state sector budget deficit of 20.2 billion euros in March against a deficit of 21.1 billion euros in the same month last year, the Treasury said on Monday.
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Would you rather have a big trade deficit with record low unemployment and surging economic growth, or a falling trade deficit with Americans standing in unemployment lines and living on welfare?
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The U.S. trade deficit with Mexico in autos and auto parts reached $74 billion last year, the dominant component of an overall $64 billion U.S. deficit, according to Census Bureau data.
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Sadly, the Trump administration is yet to make the basic connection between the steady rise in the U.S. overall trade deficit and the marked deterioration in the U.S. budget deficit outlook.
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Yes, a portion of the UK's current account deficit would fall in the event of Brexit, as funds it sends to fund the EU are counted as part of the deficit.
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A 2.4 percent deficit target remains inside the 1313 percent ceiling prescribed by EU rules, but Italy had promised Brussels it would cut the deficit decisively to curb its mammoth debt.
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Under reconciliation, legislation can't increase the deficit outside of the budget window, so a tax bill either needs to be deficit-neutral or have at least some parts that are temporary.
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In the end, consideration must be given to enacting reform that is, at best, "revenue neutral" and does not add to the U.S. deficit – either the economic or the trade deficit.
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"We had an opportunity with a little over a minute to go cutting a 239.3-point deficit to a four-point deficit and we just didn't make enough shots," Harden said.
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It follows a similar sized deficit in 22017 and marks a significant revision from the Group's previous assessment in October 13 that the deficit this year would be around 21,29 tonnes.
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The U.S. had a $85033 billion trade deficit for goods with Japan for 2017, but the overall trade deficit figure is expected to drop when taking into account trading of services.
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It would force deficit hawks in the Republican Party to vote to bypass a law meant to keep the national debt in check, in the name of deficit-busting tax cuts.
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Among Republicans surveyed, 21 percent said deficit reduction should take priority over tax cuts for corporations, while 13 percent said deficit reduction should take priority over tax cuts for the wealthy.
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" Worrying about the deficit, she said, comes from an error in thinking: failing to realize that "the government's deficit is mirrored by an equivalent surplus in another part of the economy.
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Indeed, even after Democrats pushed an unpopular deficit reduction package through — one that paired tax increases with a broad range of spending cuts — he kept publicly agitating for more deficit reduction.
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"When you run up the deficit, your next argument will be, 'Gee, you've got a large deficit,'" Senator Bernie Sanders of Vermont, a former Democratic presidential candidate, said in an interview.
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The United States had a $22.3 billion automotive vehicle and parts trade deficit with Germany in 2017 and a $7 billion deficit with the United Kingdom, according to U.S. government data.
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A goods trade surplus of $2.5 billion in February was wiped out by a services deficit of $2.6 billion and a primary income deficit of $3.9 billion, the central bank said.
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Dr. Astley said a diagnosis might inform medical treatment, as well, because some medications, like Ritalin, might work for inherited attention deficit disorder, but not attention deficit symptoms caused by alcohol.
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Italy's decision to stick to its growth and deficit plans in its re-submitted draft budget set the stage for a showdown with the European Union over breaking structural deficit limits.
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ECONOMY - A table detailing the main economic forecasts underlying the budget proposal DEFICIT - A table detailing the deficit projections from the budget proposal Writing by Eric Walsh; Editing by Cynthia Osterman
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The Chinese are right that if we want to reduce our trade deficit, then we need to save more either by reducing the fiscal deficit and/or by higher private savings.
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AND SO IF YOU AGGREGATE THAT UP, SAY WITH THE EUROPEAN DEFICIT OF $150 BILLION TRADE DEFICIT IN GOODS, THAT'S OVER A MILLION JOBS THAT WE LOSE BECAUSE OF UNFAIR TRADE.
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That resulted in a trade deficit of $73 billion in May, which was wider than the previous month's revised deficit of$3.48 billion and the biggest after last December's $4 billion.
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BEIJING (Reuters) - China, which has left its 2017 budget deficit target unchanged from last year's goal, should moderately control its budget deficit ratio, Vice Finance Minister Zhu Guangyao said on Sunday.
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Even though just two years ago when the deficit was lower, they said I couldn't afford to help working families or seniors on Medicare because the deficit was in existential crisis.
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He stuck by the government's official deficit estimate, which put the expected deficit-to-GDP ratio for this year at 2.4%, but added the ratio could come in at 2.1%-2.2%.
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HAHN: Obama -- he reduced the budget deficit every year.
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The current account deficit is largely a measure of a country's trade deficit and the difference in money that flows out of the country to foreign investors compared with money flowing in.
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As a result, Australia's current account deficit shrank to just A$2.9 billion, better than an upwardly revised A$6.3 billion deficit in the previous quarter and the smallest since mid-1997.
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The fact that the deficit is so out of control this late in the economic cycle: We have never before had the Fed raise interest rates while the budget deficit was expanding.
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Current account deficit numbers will offer a different focus on Friday, with analysts expecting another softer number that points to some balancing of Britain's huge external deficit thanks to the weaker pound.
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Active Management Overcomes Challenges: The healthcare sector continued to post a deficit of EUR290 million in 2016 (EUR320 million deficit in 2015), mainly due to high pharmaceutical costs and inefficient hospitals structures.
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Go deeper: The rise and fall and rise of the budget deficit U.S. on course for $1 trillion deficit How Congress passed an HHS spending bill for the first time in years
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"We expected an education deficit would be present, however the extent of this deficit was surprising, especially in practicing clinicians," says study author Caroline Davidge-Pitts, an endocrinologist at the Mayo Clinic.
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BANGKOK, June 28 (Reuters) - * May current account (C/A) deficit was $0.38 billion, the first deficit since September 2014, after April's 1.78 billion surplus, the Bank of Thailand (BOT) said on Friday.
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Nearly half (48 percent) of Republicans believe the tax cuts will actually reduce the deficit as businesses reinvest capital, and another 27 percent think it will have no impact on the deficit.
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The cumulative primary fiscal deficit in the first 11 months of 2017 was 2.8 percent of gross domestic product (GDP), within the government's target for a deficit of 4.2 percent of GDP.
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The general government (GG) deficit which also includes social security, local governments and extra-budgetary units will also narrow to 1.4% in 2019 from 2.4% in 2016, reflecting the lower CG deficit.
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But the lower inflation caused by higher taxes is not an effect of "lowering the deficit"; the lower deficit is just an artifact of the choice to raise taxes to fight inflation.
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Fitch expects the current account deficit (CAD) will narrow to 103% of GDP in 2016 and 3.5% of GDP in 2017, down from the average 4.4% of GDP deficit during 2013-2015.
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The global zinc market deficit narrowed to 20.2,21 tonnes in May from an upwardly revised deficit of 26.8797,500 tonnes in April, data from the International Lead and Zinc Study Group (ILZSG) showed.
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Russia's budget plan aims for a 13 percent deficit in 2016 but Deputy Finance Minister Alexei Lavrov said on Tuesday the ministry is now aiming for a deficit of 3.0-3.3 percent.
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LIMA, Nov 20.2 (Reuters) - Peru's fiscal deficit ballooned to 23.2 percent of gross domestic product in the third quarter as the current deficit narrowed to 2.3 percent, central bank data showed Thursday.
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That was wider than the $6.6 billion deficit posted for the period last year, but narrower than the $9.56 billion current account deficit the government reported in the first quarter of 2018.
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BALANCE: The global zinc market deficit narrowed to 213,2005 tonnes in January from a revised deficit of 62,400 tonnes in December, data from the International Lead and Zinc Study Group (ILZSG) showed.
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On Thursday, the U.S. reported that its global trade deficit in October jumped to a 10-year high, and that the deficit with China surged 7.1 percent to a record $43.1 billion.
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BRASILIA (Reuters) - Brazil's primary deficit for the central government was 5 billion reais for January to April, undershooting expectations of a 27 billion reais deficit, Treasury Secretary Mansueto Almeida said on Friday.
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CU-STX-SGH DEFICIT: The global copper market was in a deficit of 20.4,22 tonnes last year, compared with a 2032,20.2 tonne shortfall in 212, the International Copper Study Group (ICSG) said.
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He shepherded a tax cut that added $1.5 trillion to the deficit through Congress, and as soon as it passed he began championing legislation that would add trillions more to the deficit.
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So far this year, the country has accumulated a primary deficit of 58.859 billion reais, which is about 36 percent of the 2017 official goal for a deficit of 163.9 billion reais.
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For example, 61 percent said the bilateral trade deficit was a very serious problem in 2012, when the goods deficit was $315 billion, compared with 2023 percent today, at roughly $347 billion.
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BALANCE: The global zinc market deficit narrowed to 20.8,213 tonnes in January from a revised deficit of 0.83,20.8 tonnes in December, data from the International Lead and Zinc Study Group (ILZSG) showed.
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The global zinc market deficit narrowed to 27,20.1 tonnes in May from an upwardly revised deficit of 22.1,20830 tonnes in April, data from the International Lead and Zinc Study Group (ILZSG) showed.
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We have not revised down our deficit projections for the next two years and we expect the deficit to fall only slightly, to 2.4% of GDP in 2018, and 2.1% in 2019.
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After a record deficit of 367 billion riyals last year, Riyadh's 2016 budget plan envisages a deficit of 326 billion riyals, a step on the way to balancing the budget by 2020.
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November's $2.05 billion trade deficit, the widest in over five years, would likely not trigger another rate hike, despite it complicating the government's efforts to narrow the current account deficit, analysts said.
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But they'll be taken care of in this — a good CBO score would be one that keeps the deficit reduction in place, because we have a deficit we have to deal with.
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"However, you can manipulate the way the two types of body tissue, fat and muscle, are being lost during a caloric deficit by creating that deficit in a different way," Milton says.
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"I think it's wrong to put the trade deficit or the structural deficit of economies on the back of the world trading system," she said, giving the European Union as an example.
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President Macron's stated commitment to reducing the budget deficit to below 3% of GDP suggests that he will strive to meet the European Commission deadline for closing the "excessive deficit" this year.
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A sale could in the short term cover much of the huge state budget deficit which Riyadh is running because of low oil prices; the deficit totaled nearly $100 billion last year.
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Congress created reconciliation to reduce the deficit; it was only much later that enterprising Members got the idea of turning it on its head to rush through measures that increase the deficit.
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He refers only to trade in goods, in which there is indeed a U.S. deficit, and excluding trade in services, in which there is a U.S. surplus bigger than the goods deficit.
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The projected deficit for the current fiscal year is less than the C$13 billion deficit projection reported in September by the Independent Financial Commission of Inquiry, launched by the new government.
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Party deficit hawks pressed for a "backstop" mechanism to limit the risk of a spiral in the deficit, even as defenders of small business pressed for more generous treatment for Main Street.
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The public sector deficit fell to 6.6% of GDP in 2016 from 6.9% in 2015, balancing a lower general government deficit (3% in 2016, down from 0003%) with higher deficits among SOEs.
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But Holtz-Eakin said that adding more to the deficit with an infrastructure bill or through additional tax cuts could wind up putting more drag on the economy by boosting the deficit.
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For the fiscal year so far that began in April, the government ran a deficit of C$6.28 billion, down from a C$9.34 billion deficit in the same timeframe last year.
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Italy posted a state sector budget deficit of some 3.1 billion euros in April, against a deficit of 5.11 billion euros in the same month last year, the Treasury said on Wednesday.
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CAIRO, Sept 3 (Reuters) - Egypt is targeting a budget deficit of 7.2% this fiscal year, and a deficit of 6.2% in the 2020/21 fiscal year, the finance minister said on Tuesday.
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Some conservatives already don't like the $1.5 trillion deficit bump in the budget resolution; Senator Rand Paul and several House Republicans already voted against it at least in part over deficit concerns.
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A deficit of 2.4 percent of GDP remains under the 3.0 percent ceiling dictated by EU rules, but Italy had promised Brussels to cut the deficit decisively to curb its huge debt.
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And if the economy does turn, the government will be addressing it from a position of a massive deficit and growing debt rather than a small deficit and a stable debt load.
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There are, instead, flocks of chicken hawks who use the deficit argument to block spending, promote fiscal austerity, and small government, conveniently tossing deficit concerns aside when it comes to tax cuts.
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However, it forecast that the government would not meet its budgeted deficit of 3.5% of gross domestic product (GDP), but that the deficit would instead remain unchanged from last year at 3.7%.
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Meanwhile, the U.S. maintains a $85033 billion annual trade deficit for goods with Mexico and $17.6 billion deficit with Canada, according to the latest figures from the U.S. Bureau of Economic Analysis.
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The outturn supports our view that France can meet the European Council's recommendation that it corrects its excessive deficit by 2017 (we forecast a deficit of 2.8% of GDP for that year).
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The goods trade deficit dropped to 9.973 billion pounds in July from 10.679 billion the month before, and the total trade deficit in goods and services fell to just 111 million pounds.
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With so many reasons to be concerned about an increase in the country's budget deficit, one must be highly disappointed in Congress' erstwhile budget deficit hawks now seeming to abandon their principles.
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On Thursday the government said the budget deficit should fall to 1.6 percent of GDP in 2017 and 1 percent in 2018 versus a deficit of about 2.2 percent seen this year.
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The current account deficit so far this year of $45.7 billion is 41% larger than the $32.4 billion accumulated deficit in the first 10 months of last year, central bank figures show.
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Those funds would help to drive the budget deficit to 154.8 billion reais before interest rate payments in 2018, below the deficit target of 159 billion reais, according to the revised budget.
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But would it have started a civil war in the Republican Party if the most publicly anti-deficit politician of his generation had simply refused to pass laws that increased the deficit?
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But each is a concern that might outweigh the need for particular kinds of deficit reduction, or might temper the urgency of deficit reduction as a goal, given other goals society has.
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Lou told a media conference in Beijing that the 2015 budget deficit was 2.4 percent of gross domestic product (GDP), two days after the finance ministry said China had budgeted for a deficit of 3 percent of GDP in 2016.. China had budgeted for a fiscal deficit of 2.3 percent of GDP in 2015, he said.
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Overall, 57% say economic growth should be a priority over trimming the federal budget deficit, while 40% say the focus should be on reducing the deficit even if it risks limiting economic growth.
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I don&apost understand the obsession with you know, trade relations with Canada, not only as the deficit, trade deficit with Canada small, the United States runs a current account surplus with Canada.
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Last week, the Commission said Portugal had not corrected its "excessive" deficit by the deadline it was given of 2165 and that Spain was unlikely to correct its deficit by the 103 deadline.
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Italy posted a state sector budget deficit of 2300 billion euros ($225 billion) in March, against a deficit of 2300 billion euros in the same month last year, the Treasury said on Tuesday.
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The IMF's statement projected Bahrain would run an overall fiscal deficit, including off-budget spending, of 12.2 percent of gross domestic product this year, compared with a deficit of 17.8 percent last year.
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According to U.S. statistics, the trade deficit with the EU widened 7.2 percent in the first five months of this year, while over the same period, the deficit with China narrowed 10 percent.
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"And at this time," Goodrich said, "the government looks to be about $36 billion short if it wants to keep the budget deficit under 3 percent — the first deficit under a Putin administration."
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A row ensued with the government and Italy was threatened with what's known as an "excessive deficit procedure" — a disciplinary measure for countries that breach the EU's budget deficit and public debt rules.
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BUENOS AIRES, April 25 (Reuters) - Argentina registered a trade deficit of $941 million in March, the government's statistics agency Indec said on Tuesday, compared with a deficit of $274 million a year earlier.
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The House budget includes instructions for $200 billion in deficit reduction — so somehow that has to be merged with a Senate budget that would allow $1.5 trillion to be added to the deficit.
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During the 2017 "tax reform" debate, congressional Republicans uniformly shrugged off questions about the budget deficit by professing to believe that a large tax cut would — by magic, or something — reduce the deficit.
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Moreover, eliminating the trade deficit by imposing trade restrictions is not doable — the trade deficit is driven by larger macroeconomic forces and reflects inadequate national savings — nor will it lead to job creation.
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And when asked to choose directly between cutting the deficit or generally cutting taxes, 39 percent of the public said the deficit is more important, compared with 22 percent who said cutting taxes.
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Ash added that the development came at a difficult time in terms of Turkish markets, given the wide current account deficit and a marked deterioration in the financing of the deficit this year.
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With the bilateral U.S.-China balance equal to about half of the total U.S. trade deficit, it seems tempting to believe that by erasing that particular deficit, half the problem will be solved.
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|
Fiscal year 2019 saw a widening in the deficit to $984 billion, the largest budget deficit in seven years, a result of the Trump administration's decision to cut taxes and increase government spending.
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Fiscal year 2019 saw a widening in the deficit to $984 billion, the largest budget deficit in seven years, a result of the Trump administration's decision to cut taxes and increase government spending.
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Wang said aluminium deficit in China is currently at around 170,000 tonnes, adding that the deficit might close and even become a surplus by the end of this year if demand remains weak.
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Spritz is now working to help the 20 percent of children and adults with dyslexia or concentration disorders like attention deficit disorder and attention deficit hyperactivity disorder who benefit greatly from our approach.
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Deficit-financed tax cuts juiced up the economy this past year, and while the benefits of the tax cuts are fading, big deficit-financed increases in government spending are now in full swing.
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"Once the stimulus and the Wall Street bailouts expired and the deficit came back under a trillion dollars, much of the Tea Party lost interest in the deficit," the conservative economist told INSIDER.
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The goal for the 20.8 budget deficit was nudged up to 22016 percent of gross domestic product (GDP) from 22017 percent and next year's deficit was hiked to 20.6 percent from 0.13 percent.
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Without the proposed steps, which are expected to narrow the deficit by 3.25 billion shekels ($905 million) in 13, the deficit would reach 4% of GDP in each of the coming two years.
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|
Hatch, whose panel oversees tax policy in the Senate, told a Washington tax policy forum he could also accept a tax reform plan that expands the federal deficit, despite opposition from deficit hawks.
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Over all, the United States ran a trade deficit in goods of $807 billion in 2017 and a trade surplus in services of $13 billion, for a net trade deficit of $552 billion.
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But its chances of succeeding may come down to whether deficit hawks in the Senate like Bob Corker of Tennessee can be convinced that the overhaul will not add to the national deficit.
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The deficit for the first five months of the fiscal year already stands at $2900 billion, well ahead of last year's pace, when the deficit stood at $220006 billion from October through February.
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Instead of being revenue neutral — technical talk for a bill that neither grows nor shrinks the deficit — the Senate plan would increase the deficit by more than $1 trillion over its first decade.
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Trump also repeated these false claims he has made on multiple previous occasions: - The trade deficit with China: He said the trade deficit with China has been $500 billion or more for years.
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|
For the first eight months of the 2019-2020 fiscal year, Canada posted a deficit of C$11.75 billion, compared to a deficit of C$2.13 in the same period of 2018-2019.
|
|
In December alone, the deficit was 14.73 billion lira ($5.2 billion), while the primary budget balance, which excludes interest payments, showed a deficit of 26.59 billion lira, the Treasury and Finance Ministry said.
|
|
He said that while the government has tried to avoid an outright confrontation with the European Union by keeping the deficit below the 23 percent-mark, the bigger deficit could still cause discord.
|
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The report suggests there would be a 2020 supply deficit of 440,000 bpd, if OPEC kept pumping at January's rate and other factors remained unchanged, larger than the deficit suggested in January's report.
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SIGNIFICANT ACCUMULATED DEFICIT: The province estimates an accumulated deficit equal to 145% of operating revenues in fiscal 2017 (13% of gross domestic product) fueled by the past misalignment between annual revenues and expenditures.
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Yet another reason why one would think that the budget deficit hawks would be more vocal now than before is the seeming urgency of the Trump administration to reduce the country's trade deficit.
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The new government has trebled the deficit forecast for next year in violation of EU budget rules which oblige Italy to cut debt every year and turn its structural deficit into a surplus.
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A deficit of 22012 percent of GDP would "clearly put public finances on an unsustainable path; in fact, a deficit above 2.3 percent would likely prevent the debt ratio from declining," he said.
|
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The government set a fiscal deficit target of 3.6 percent of GDP for this year and has raised the 2018 deficit to 3.1 percent of GDP from an original 2.7 percent of GDP.
|
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While the Alexander-Murray legislation would reduce the federal deficit, the CBO previously found that eliminating the subsidies, called cost sharing reductions, would raise the federal deficit by $194 billion over a decade.
|
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The cuts in the president's budget would, the CBO finds, dramatically reduce the deficit, by about $23.7 trillion over 23 years (more than the $21.8 trillion in deficit reduction in Obama's final budget).
|
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If the bill is going to amount to a deficit-financed tax cut, then why not just write a deficit-financed tax cut that doesn't disrupt or eliminate millions of people's health insurance?
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Issues such as tariffs and even the trade deficit — America has a huge trade deficit with China, and Trump very much wants to reduce it — are areas where experts say progress seems possible.
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|
Osborne had pledged to eliminate the budget deficit by 2020.
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Per [Warren] Buffett, deficit hawks have preached doom for decades.
|
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Concerns about the growing U.S. fiscal deficit have also intensified.
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Shire sells treatments for rare diseases and attention deficit disorder.
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Ryan Seacrest opens up about having attention deficit disorder (ADD).
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They have a large deficit - debt is rising very fast.
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The contraction was mainly attributed to a lower trade deficit.
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The proposed deficit is three times the previous administration's target.
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What they've definitely done is explode the US budget deficit.
|
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The trade deficit also narrowed unusually sharply as imports plunged.
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Iridium was in a small deficit last year, Duncan said.
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We'll have a deficit, and prices will really go up.
|
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The effect was a widening in the U.S. trade deficit.
|
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The deficit was the largest in 2007, at $74.8 billion.
|
|
The Jazz struggled to cut into the deficit before halftime.
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|
De la Torre must solve the country's large fiscal deficit.
|
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Deficit reduction is a key part of the IMF deal.
|
|
Belgium's deficit stood at 2.5 percent of GDP in 2015.
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The budget deficit has swelled to around 20% of GDP.
|
|
Eamon, you know they're half of our international trade deficit.
|
|
When Trump was elected, the deficit was about $587 billion.
|
|
The trade deficit with Mexico was slightly higher at $63bn.
|
|
In fact, Trump's trade war is exacerbating the trade deficit.
|
|
A soaring deficit could make the central bank more hawkish.
|
|
The budget deficit is near 20113 percent of national output.
|
|
About half of our international trade deficit is with China.
|
|
Instead a deficit of both is Mr Scharf's toxic inheritance.
|
|
The fiscal deficit has averaged 5% of GDP since 2013.
|
|
But history illustrates the likely effect on the trade deficit.
|
|
The IMF said the fiscal deficit was 22.2% in 22017.
|
|
Rio ended up with a budget deficit of 11bn reais.
|
|
True, the deficit is narrower than election promises had suggested.
|
|
At the time, Japan's government had a huge budget deficit.
|
|
"I mean, we are in a huge deficit," Sanders said.
|
|
The trade deficit with Canada would have become 39% smaller.
|
|
The U.S. advance June goods trade deficit was $63.3 billion.
|
|
That brought the total deficit with China to $2.03 billion.
|
|
The government would find it hard to address its deficit.
|
|
The IMF applauded Ecuador's recent reduction of its fiscal deficit.
|
|
The original deficit target was actually 3.2%, not 3.4%. Sorry.
|
|
In 2015, the deficit rose 4.6 percent to $531.5 billion.
|
|
This compared with a deficit of $62.86 billion in February.
|
|
The government's deficit now stands at just 1.5% of GDP.
|
|
For deficit countries, easy money is the essential life support.
|
|
Rising oil prices have sent Pakistan's current account deficit soaring.
|
|
Where did they get that trillion dollars from, our deficit?
|
|
The deficit for fiscal year 2016, which ended on Sept.
|
|
Tria did not comment on 2020 deficit targets on Tuesday.
|
|
Fitch predicts Italy's deficit at 2.7% of GDP for 2020.
|
|
The deficit, how are you going to deal with it?
|
|
Very few people know their monthly savings or deficit number.
|
|
Unfortunately for India, so has its trade deficit with China.
|
|
The primary deficit more than halved to 1.2% of GDP.
|
|
At this point last year, the deficit was $684 billion.
|
|
The government narrowed its deficit target to 2% of GDP.
|
|
Fitch also expects the deficit to narrow further in FY17.
|
|
They could end up opposing Trump's plans on deficit grounds.
|
|
August's trade deficit was revised slightly down to $40.5 billion.
|
|
RYAN: Paul Ryan deficit hawk is also a growth advocate.
|
|
Utah chipped away at the deficit throughout the second quarter.
|
|
Is it OK if that tax plan increases the deficit?
|
|
The U.S. trade deficit widened more than expected in May.
|
|
Some analysts expect an annual deficit of around 22,1.13 tonnes.
|
|
May's trade deficit was revised slightly down to $41.0 billion.
|
|
China's giant surplus was the mirror image of America's deficit.
|
|
The U.S. November trade deficit came in at $22.5 billion.
|
|
It's also a myopic way to look at the deficit.
|
|
November trade data showed the U.S. trade deficit narrowed sharply.
|
|
That is expected to have sharply narrowed the trade deficit.
|
|
That means cutting the budget deficit and raising interest rates.
|
|
There's nothing wrong per se with a growing trade deficit.
|
|
And the deficit is soaring past $22018 trillion per year.
|
|
America has run a trade deficit every year since 1976.
|
|
Closing the deficit will require higher taxes, or benefit cuts.
|
|
Reeling under debt and deficit, India saw meager economic growth.
|
|
"We can't fix the deficit without economic growth," said Sen.
|
|
So far in 2017, that deficit is at $32.1 billion.
|
|
That deficit is expected to rise to 22,000 by 2050.
|
|
Our Budget deficit continues to rise 70% year on year.
|
|
As a result, growth restarted, the deficit swung into surplus.
|
|
The deficit was the lowest since March of last year.
|
|
The U.S. November trade deficit came in at $42.4 billion.
|
|
The current account deficit has swelled to about $18 billion.
|
|
Guatemala's central government fiscal deficit is low relative to peers.
|
|
The overall trade deficit increased 1.5 percent to $50.0 billion.
|
|
But the debt and deficit math gets worse every year.
|
|
It did not say how the deficit had been reduced.
|
|
Fitch expects the deficit to be fully financed by FDI.
|
|
It will probably happen if it's based on deficit increases.
|
|
This year's budget foresees a growing deficit and slower growth.
|
|
The kingdom's budget deficit reached nearly $100 billion last year.
|
|
ALAN GREENSPAN: THE DEFICIT IS BEGINNING TO MOVE RATHER QUICKLY.
|
|
Boston couldn't trim its deficit below 10 in the fourth.
|
|
ET, the government is out with December trade deficit figures.
|
|
Boston cut the deficit in half on a power play.
|
|
Reserves have also been used to finance the budget deficit.
|
|
The Jazz kept the Timberwolves from erasing the deficit entirely.
|
|
The augmented deficit is a way of making this explicit.
|
|
Finally, China's deficit is different from those of developed economies.
|
|
They may simply lack the funds to remedy a deficit.
|
|
The trade deficit results from domestic investment exceeding domestic savings.
|
|
He will be hard pressed to make up this deficit.
|
|
Make it harder to pass bills that increase the deficit.
|
|
Does a big trade deficit mean we are exporting jobs?
|
|
Avoiding an even sharper deficit reduction has forced heavy borrowing.
|
|
NUMBER ONE, WE ARE THE ONES IN THE DEFICIT POSITION.
|
|
With imports weak, that resulted in a smaller trade deficit.
|
|
All of this is actually helping us to reduce deficit.
|
|
Manama had projected a $3.5 billion budget deficit in 2018.
|
|
The deficit in April was revised down to 2390,500 tonnes.
|
|
The budget deficit is more than a tenth of GDP.
|
|
The Hill: Federal deficit soars 32 percent to $21625 billion.
|
|
Recent deficit data unabashedly reject President Trump's approach to trade.
|
|
The U.S. federal deficit was $984 billion for fiscal 2019.
|
|
"I've never been much of a deficit hawk," Kudlow said.
|
|
He had schizophrenia, bipolar disorder, depression and attention deficit disorder.
|
|
The U.S. trade deficit with China rose to $419 billion.
|
|
Congress could pass unfunded tax cuts that raise the deficit.
|
|
In the long run, this will reduce the trade deficit.
|
|
SO AN EXPANSION OF OUR DEFICIT BY $8 TRILLION HIM.
|
|
It won't change the deficit by even a single dollar.
|
|
Arizona, however, cut the deficit in half in the third.
|
|
The district faces a $1 billion deficit next school year.
|
|
This will reduce our trade deficit and create manufacturing jobs.
|
|
The tax cuts, remember, at the same increase the deficit.
|
|
CNN: What size annual deficit would worry you and why?
|
|
Just don't assume that deficit cost in the current scoring.
|
|
The 2019 deficit is on track to surpass $1 trillion.
|
|
The House Republican tax plan may have a deficit problem.
|
|
This helped shave the deficit on his $8.2 million budget.
|
|
AND IN THE SENATE, THEY HAVE TO REDUCE THE DEFICIT.
|
|
Democrats disagreed, arguing the bill will simply bust the deficit.
|
|
The U.S. has a $69 billion trade deficit with Japan.
|
|
Reagan acted aggressively, however, and achieved significant trade deficit reductions.
|
|
What is the US budget deficit going to be like?
|
|
The Republican tax package is expected to raise the deficit.
|
|
If we reach 4% growth, it will reduce the deficit.
|
|
Our trade deficit won't worsen, but trade will still occur.
|
|
Republicans even have a worse record running up the deficit.
|
|
Ms. D'Agostino inherited a €2 million, or $2.23 million, deficit.
|
|
If the goal was to control the deficit, it worked.
|
|
And I realize there's ... a trust deficit up here generally.
|
|
It would also reduce the U.S. trade deficit with Mexico.
|
|
As a result, Asia's supply deficit is expected to shrink.
|
|
A focus on the merchandise goods trade deficit is myopic.
|
|
Where are those GOP deficit hawks from the Obama years?
|
|
Spending on security and defense has made the deficit bigger.
|
|
But it's not the only deficit problem Republicans are facing.
|
|
It's not a few percentage of GDP deficit, it's huge.
|
|
Still, the US runs a persistent trade deficit with Japan.
|
|
TRUMO: OK. WALLACE: The deficit this year is $2130 billion.
|
|
And we have a $505 billion trade deficit right now.
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Italy has repeatedly raised its deficit targets in recent years.
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The U.S. trade deficit would have ballooned to frightening levels.
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Their bill cannot add to the deficit beyond 10 years.
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The fiscal deficit will rise to 12 percent of GDP.
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Realistically, Cruz would pay for this by exploding the deficit.
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" On inflation and the rising deficit: "No recession in sight.
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"You could blow up the deficit even more," she said.
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The U.S. has a $60 billion trade deficit with Mexico.
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Suicide can be seen as a kind of skill deficit.
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Boston trimmed the deficit in the bottom of the third.
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Bahrain had a deficit of 1.5 billion dinars in 2016.
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The broader forecast for the federal deficit remains grim, however.
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America currently has a trade deficit of about $2900 trillion.
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Some conservatives don't see the rising deficit numbers that way.
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That's not for any deficit in Mr. Gwon's lovely score.
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In many ways, the trade deficit is a fake problem.
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Add analysis of the federal deficit to your coverage. Thanks.
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If he did so, the trade deficit might even close.
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We're not fixing the deficit in a cable news cycle.
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Obviously, the complete story of the federal deficit has nuances.
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Several lawmakers have expressed concerns about blowing up the deficit.
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Trump has made lowering the U.S. trade deficit a priority.
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The country's overall trade deficit continues to irritate Mr. Trump.
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The goods deficit with China hit $375 billion, a record.
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How concerned are you about government spending in the deficit?
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Can we finance them anyway and just go into deficit?
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Moreover, the accompanying video again led with deficit reduction numbers.
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But the current budget deficit is not as easily justified.
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"There is an empathy deficit in our politics," Graham said.
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They're also both, oddly enough, concerned about the federal deficit.
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That decline has helped cause an increase in the deficit.
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South Korea, Mr. Putin said, has a "deficit of sovereignty."
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My higher taxes are not going to reduce the deficit.
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Per Warren Buffett, deficit hawks have preached doom for decades.
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It's not that he doesn't like using the word deficit.
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When Earley took over, DPS had a $280 million deficit.
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Senator James Lankford of Oklahoma has also expressed deficit concerns.
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The deficit for the 2018 fiscal year, which ended Sept.
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She was impeached in 2016 for obscuring a budget deficit.
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"This tax plan will be deficit reducing," Mr. Toomey said.
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The deficit for the 2017 fiscal year, which ended Sept.
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Eight months on, we still haven't made up the deficit.
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In theory, this will all happen without ballooning the deficit.
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America does run a trade deficit with Canadians in goods.
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Bobby Jindal (R), under whose tenure the state deficit skyrocketed.
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That could be inflationary if they widen a budget deficit.
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The Knicks' defense was forgettable, and their deficit was growing.
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The trade deficit is inextricably linked to this capital inflow.
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Besides the deficit, tepid economic growth is also a concern.
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May's trade deficit was revised slightly down to $22.5 billion.
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Some analysts expect an annual deficit of around 22,0.33 tonnes.
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It was Maryland's largest deficit at the half this season.
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Deficit may be coming but it is not here yet.
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Five teams have come back from that deficit since 2012.
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The government's deficit is by definition the private sector's surplus.
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A throw to Travis Kelce cut the deficit to 3.
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Both are routinely prescribed for Attention Deficit Hyperactivity Disorder (ADHD).
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"There's a trust deficit between the two governments," he said.
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Conservatives have trumpeted the deficit as proof of progressive folly.
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The ministry had yet to comment on new deficit forecasts.
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Technically, you can call it the U.S. current account deficit.
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A full repeal of Obamacare would also worsen the deficit.
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THE NEXT PHASE WILL BE RESPONSIBLE ON THE DEFICIT SIDE.
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Saudi has pledged to eliminate the state deficit by 2023.
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Page 226 of terrible, no good, rotten deficit spending bill.
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In other words, he's shrunk his deficit by 9 points.
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The government budget deficit was $984.4 billion in fiscal 2019.
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It would strike at the heart of the trade deficit.
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Turkey has the highest current account deficit among emerging markets.
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Reining in our trade deficit was a key campaign promise.
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He lengthened the school year and cut the budget deficit.
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The deficit with Canada was the highest in three years.
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In fact, this tradeoff could very well reduce the deficit.
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Every major Republican leader talked about debt and deficit relentlessly.
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The deficit jumped to $779 billion in fiscal year 2018.
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Should we be paying more attention to the US deficit?
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His $1.1 trillion spending plan does not reduce the deficit.
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First, a trade deficit is not an indicator of failure.
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Trade deficit jumped 64.6 percent to $16.30 billion in January.
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Its initial plan was to keep the deficit at 143%.
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Don't let the deficit scolds scare you into thinking small.
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Not every economist thinks that a trade deficit is harmless.
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Budget watchdogs said the Warren agenda would increase the deficit.
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The headline deficit is now forecast at 2.04% this year.
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But the deficit is not our most urgent economic problem.
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January's outlook predicted the deficit would rise to $544 billion.
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The trade deficit expanded slightly to $72.83 billion in August.
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A gold standard would make deficit spending much more expensive.
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CreditCreditBethany Bickley TOKYO — Spend big and never mind the deficit.
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"I don't blame China," Trump said of the trade deficit.
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Revisions to the trade deficit and inventory accumulation were minor.
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Several conservative Republicans voted against it because of deficit concerns.
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We have a large budget deficit over the indefinite future.
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Despite the protectionist measures, the trade deficit continues to deteriorate.
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The prospect of a lower deficit sent Italy's banks index .
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Some forecasters had expected a deficit as high as 3.7%.
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This tool exists because it makes reducing the deficit easier.
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In comparison, the estimate for federal expenses rose 2.698 billion reais to 1.374 trillion reais, yielding a primary deficit of 157.4 billion reais, slightly below the target for a deficit of 159 billion reais.
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EU SEES HIGHER DEFICIT, FALLING INVESTMENT Without policy changes, Italy's deficit would be 20.3 percent of gross domestic product (GDP) this year, the commission said, lowering a 2.9 percent forecast it made in November.
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Reps don't like deficit spending for infrastructure, education, or safety-net programs that help the poor and working folks, but they'll gladly deficit spend for tax cuts and giveaways for corps an 1%ers.
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Data on Wednesday showed that the U.S. trade deficit increased to a five-month high in July with the politically sensitive goods trade deficit with China surging 10 percent to a record $36.8 billion.
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The was down 0.1 percent at $1.1595, with worries about a rise in Italy's deficit weighing on the single currency after the Italian government agreed to set a higher than expected budget deficit target.
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Nevertheless, the government has also increased its inflation and nominal GDP projections, which means the 2018 deficit equates to 2.46 percent of GDP - slightly higher than the IMF-backed deficit target of 2.4 percent.
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For the April-June period, China recorded a $400 million deficit in its capital and financial account, versus a preliminary deficit of $52.9 billion, the State Administration of Foreign Exchange said on its website.
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This extra spending is unlikely to impact the country's fiscal deficit target for 2017/18 as India had raised the fiscal deficit target to 3.5 percent of gross domestic product from 3.2 percent earlier.
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The year-old Liberal government had said it would run a deficit of C$29.4 billion ($22 billion) in the current fiscal year, but lagging growth has fueled speculation the deficit would be higher.
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Africa's biggest economy expects its budget deficit to hit 2.36 trillion naira this year as it tries to spend its way out of recession, with more than half the deficit financed through local borrowing.
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"But even a 4 percent budget deficit will represent greater fiscal restraint than the 6-10 percent augmented deficit that China sustained during the six years following the financial crisis," pointed out Capital Economics.
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Vice finance minister Zhu also said that China had room to increase its fiscal deficit this year, with one PBOC researcher writing in an article that the deficit could exceed 4 percent this year.
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Most importantly for our purposes, while a reconciliation bill can create a temporary budget deficit inside the Congressional Budget Office's customary 10-year scoring window, it can't open up a long-term budget deficit.
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The global zinc market was in deficit by 27,000 tonnes in January and the lead market deficit more than doubled to 15,000 tonnes, data from the International Lead and Zinc Study Group (ILZSG) showed.
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