Budget Deficit News
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Updated 22 minutes ago
The U.S. drone strikes should be limited to targets that present a “real, immediate threat to us” and conducted by the military rather than the CIA, former Secretary of State Colin Powell said.
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The Dutch budget deficit will widen to 3.3 percent of gross domestic product this year from an earlier forecast of 2.6 percent as rising unemployment and lower consumer spending reduces government income.
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Serbia will try to revise its 2013 budget by the end of June as it seeks to curb the deficit and dodge a debt crisis, addressing concerns aired by the International Monetary Fund and the country’s Fiscal Council.
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Scottish politicians pursuing independence are determined to defy Chancellor of the Exchequer George Osborne by keeping the pound. They also want his borrowing costs, which are near record lows.
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Czech government parties clashed over a $10 billion project to build new nuclear reactors as the plan pit the finance minister against the prime minister.
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Continued threats from Africa and the Middle East at a time when the U.S. is pulling back from its engagements led to France’s decision to spare its military from spending cuts, French President Francois Hollande said.
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Polish Finance Minister Jacek Rostowski said the premium his government pays on debt relative to the neighboring Czech Republic may disappear over the next four years as he strives to keep the economy out of recession in the face of monetary policy that he deems too strict.
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The outrageous part about Apple Inc.’s audacious tax strategies isn’t whether they are legal. They may well be. More upsetting are the ruses and contrivances that Apple used to pull them off.
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Portugal’s Finance Ministry said the government posted a wider deficit in the four months through April after spending rose more than tax revenue.
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India’s economy probably expanded less than 5 percent for a second quarter as political gridlock that threatens Prime Minister Manmohan Singh’s growth agenda tempered gains from farm output and lower interest rates.
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