United States federal budget

Slovenia’s general government deficit in the third quarter of the year shrank to €60 million or 0.4% of GDP, the lowest since the start of the Covid pandemic in the first quarter of 2020.

Global spending on Internet of Things products is forecast to reach $1.1 trillion next year

Speaking at a regular briefing on Friday, caretaker Finance Minister Assen Vassilev said that there are serious problems in May in the budget and that money needs to be found for the business, health care and pensions.

Ljubljana – The government expects that this year’s budget expenditure will be EUR 800 million higher than planned in the current budget documents. It says that the situation regarding Covid-19 had deteriorated significantly since the budgeting process was completed.

If the epidemic or pandemic takes a turn to the worse, the implementation of Bulgaria's budget will be at risk and the country's debt will soar more than expected. Such a forecast made the BNB in its traditional edition Economic Review, quoted by Capital newspaper.

The government meets today, Friday, to approve the bills related to the national budget and the state social insurance budget for 2021. Prime Minister Florin Citu said on Thursday that the government deficit target remains set at 7.16%, specifying that, compared to the published version of the draft, there could be some changes in terms of allocations, with more commitment appropriations.

Global debt hit an all-time high with $255 trillion in 2019, topping 322% of gross domestic product (GDP), the Institute of
International Finance (IIF) said on April 7. 

"Following a moderate rise of $3.3 trillion in 2018, the pace of debt accumulation was much faster at over $10.8 trillion in 2019," the IIF said in a statement.

Turkey's current account balance is projected to post a $1.2 billion surplus in 2019, an Anadolu Agency survey found on Feb. 12.

The central bank is set on Feb. 14 to announce the current account balance for 2019 and estimates from a group of 12 economists range between $800 million and $1.7 billion.

Greek lawmakers approved on Wednesday the country's 2020 budget, which projects stronger growth driven by higher investment, improving domestic demand and tax cuts as the country recovers from a decade-long debt crisis.
A majority of 158 lawmakers in the 300-seat parliament approved the budget that includes total tax cuts of 1.2 billion euros for corporations and individuals.

The global debt jumped by $7.5 trillion to reach $250.09 trillion year-on-year in the first half of 2019, said a global trade group of financial institutions.