United States federal budget
General government deficit in Q3 lowest since Covid outbreak
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.
Homes Are Only Getting Smarter (infographic)
Global spending on Internet of Things products is forecast to reach $1.1 trillion next year
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Bulgaria’s Caretaker Finance Minister: State Budget Must Be Restructured
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.
Budget outlays EUR 800m over current limit planned this year
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.
Bulgarian National Bank: Deteriorating Epidemic Situation Poses Risk to Budget Fulfillment
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.
Gov't expected to approve draft national budget for 2021
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 hits record high with $255T in 2019
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.
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Turkey to post $1.2 bln current account surplus: Survey
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 parliament approves 2020 budget, projects stronger growth
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.
Global debt hits over $250T in H1: US-based trade group
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.