United States federal budget

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.

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.