United States federal budget

Donald Trump's Presidential Administration intends to cut more than $ 4 billion in international aid spending for various countries, Politico wrote. The cutoff project has already been prepared by the White House budget office. T

Revenues for the first seven months of the year have exceeded targets, and there is an excess surplus, making the government optimistic that it will reach the primary surplus budget target of 3.5 percent of gross domestic product.

The real budget revision will be probably carried out in November, considering the evolution of certain spending categories, the National Trade Union Bloc (BNS) said in a statement; the union organization cautions that shifting the budgetary pressure to the last two months of the year means an unjustified postponement that is dangerous for budgetary stability.

The execution of the general consolidated budget for this January ended with a surplus of 700 million lei, or 0.07 pct of GDP, down from the 1.98 billion lei or 0.21 percent of GDP recorded in the same month of 2017, the Ministry of Public Finance informs on Tuesday.

The 2019 State Budget Bill received favourable opinion from the joint budget-finance committees of Parliament, 21 to 11, Tuesday to Wednesday.

The select committees' members debated the bill on articles and annexes. Thus, on the 72 articles, six amendments were passed.

Romania closed 2018 with a general consolidated budget deficit of 2.88 percent of GDP, the same as in 2017, shows data released by the Ministry of Public Finance on Monday.

The budget deficit is thus below the target of 2.97 pct of GDP set by the authorities.

The US deficit stands at $20 trillion and will rise to $30 trillion in a decade. That should be a reason for concern, according to the US Fed.

"I believe the Federal Reserve should be gradually and patiently raising the federal funds rate during 2018," Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday.

The mounting US debt is likely to grow by another $10 trillion in the next decade, according to estimates contained in the recent budget proposal.

U.S. President Donald Trump is proposing a $4 trillion-plus budget for next year that projects a $1 trillion or so federal deficit and - unlike the plan he released last year - never comes close to promising a balanced federal ledger even after 10 years.

BELGRADE - The 2018 budget fulfils one of the major objectives of fiscal consolidation - a low fiscal deficit that is sustainable over the long term, the Fiscal Council said Friday.

The biggest weakness of the budget is that it retains temporary fiscal consolidation measures, a reduction of above-average pensions and an employment ban in the public sector.