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Montevideo, November 17th 2018 - 11:38 UTC

Tag: budget shortfall

  • Tuesday, October 23rd 2018 - 08:31 UTC

    United States 2018 federal budget deficit at its highest since 2012: US$ 779bn

    The budget shortfall rose to 3.9% of U.S. GDP. The deficit increased by US$ 70 billion less than anticipated in a report published in July

    The United States federal budget deficit rose in fiscal 2018 to the highest level in six years as spending climbed, the Trump administration said. The deficit jumped to US$ 779 billion, US$ 113 billion or 17% higher than the previous fiscal period, according to a statement from Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney.

  • Tuesday, January 9th 2018 - 09:34 UTC

    Juncker convinced Brexit will happen, but is concerned about budget shortfall

    EU is bracing for hard bargaining between the bloc's net contributors and net recipients for the 2020-2026 period. UK is among the major net contributors

    European Commission chief Jean-Claude Juncker says he believes Brexit will go ahead and the EU should tackle its looming budget shortfall. “Don't believe those who say that it's not going to happen and that people in the UK have realized their error... I don't think that's going to be the case,” he told a Brussels conference.