Government Spending

Government Spending News

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  Santorum’s Senate Clashes Raise Ex-Colleagues’ Leadership Doubts

  Updated 46 minutes ago

  Rick Santorum’s opening act as a freshman senator in 1995 was an attempt to strip the title from the Republican chairman of the appropriations committee, which determines government spending.

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  Gordhan Unexpectedly Reduces South African Budget Deficit Target for 2013

  South African Finance Minister Pravin Gordhan unexpectedly cut the budget deficit target for next year as tax revenue is set to climb, easing investors’ concerns about rising debt in Africa’s largest economy.

• British Columbia Deficit to Narrow Before Swing to Surplus

  British Columbia will narrow its budget deficit in the next fiscal year before swinging to surplus amid asset sales and higher business taxes, Finance Minister Kevin Falcon said.

• Putin’s Spending Pledges Amount to $161 Billion, Capital Says

  Russian Prime Minister Vladimir Putin’s campaign pledges before next month’s presidential vote will raise government spending by 4.8 trillion rubles ($161 billion) through 2018, Capital Economics said.

• Denmark Steps Up Prefunding to Cut Risk as Euro Crisis Persists

  Denmark’s central bank said three quarters of the state’s borrowing need for this year have been met as it starts selling bonds to meet its 2013 requirement in a bid to cut funding risks amid persistent market turbulence.

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  Romney Unlike Father He Invokes to Connect With Michigan Voters

  Mitt Romney mentioned in an opinion piece for a Michigan newspaper last week that he learned to love “chrome and fins and roaring motors” while growing up in Detroit. His father might have disagreed with such sentiment.

• British Columbia to Beat Deficit Targets, Kevin Falcon Says

  British Columbia’s budget deficit will narrow faster than forecast as the Canadian province returns to surplus in the next two years, Finance Minister Kevin Falcon said.

• Canada’s British Columbia to Beat Deficit Targets, Finance Minister Says

  British Columbia’s budget deficit will narrow faster than forecast as the Canadian province returns to surplus in the next two years, Finance Minister Kevin Falcon said.

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  Medvedev Adviser Says Kudrin Would Be Better Prime Minister

  An adviser to Dmitry Medvedev said the outgoing Russian president should abandon plans to become premier and make way for the man he fired last year as finance minister, Alexei Kudrin, who would do a better job.

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  Thai GDP Shrinks 9% Amid Floods in Fourth Quarter, Almost Twice Estimates

  Thailand’s economy shrank more than economists estimated as the worst floods in almost 70 years disrupted output by manufacturers from Western Digital Corp. to Honda Motor Co., putting pressure on policy makers to aid growth.

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Government Spending Videos

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• BNP's Gijsels on Deficits, Purps on Bonds: First Word