Tag: deficit

• Saturday, January 30th 2021 - 09:34 UTC

  One for Bolsonaro: Brazil almost broke; primary deficit reaches 10% of GDP

  

  Only a week ago, President Jair Bolsonaro said Brazil was “broke” and the latest Treasury numbers have come close to backing the statement. Last year the country reported a record primary budget deficit of 743.1 billion reais (US$138 billion), a record 10% of GDP.

• Thursday, January 21st 2021 - 09:20 UTC

  Argentina ended 2020 with a 6,5% of GDP budget primary deficit

  

  Argentina's 2020 budget primary deficit reached 6,5% of GDP, according to a release from the Economy ministry, while the overall deficit was equivalent to 8,5% of GDP, given the massive support to the government to address the pandemic a recession.

• Tuesday, September 1st 2020 - 08:56 UTC

  Brazilian finances deteriorating: seven months primary deficit 11,9% of GDP

  

  Brazil's finances continued to deteriorate in July as the COVID-19 crisis pushed the public sector debt and deficit as a share of the economy to new records, official figures showed on Monday, although not as bad as economists had feared.

• Tuesday, April 30th 2019 - 09:58 UTC

  Brazil's central government finances tend to improve

  

  Brazil’s central government’s primary budget deficit narrowed in March thanks to aggressive cuts in discretionary spending, the Treasury said on Monday, although it warned that public finances were still at risk from pension commitments and weak revenues.

• Thursday, February 28th 2019 - 09:18 UTC

  Argentina's economic activity dropped 2.6% in 2018, says Indec

  

  Argentina's economic activity fell 2.6% in 2018 versus the previous year, government statistics agency Indec said on Wednesday, underscoring the turmoil that dragged the country into recession last year.

• Tuesday, October 23rd 2018 - 08:53 UTC

  Argentina's primary deficit falls to 1.1% of GDP, the lowest since 2012

  

  Argentina's primary deficit fell to 1.1% of Gross Domestic Product (GDP) between January and September this year, compared to 2.1% over the same period in 2017, the Finance Ministry announced on Monday.

• Friday, June 17th 2011 - 06:03 UTC

  US current account deficit up 6.3% spurred by imports of more expensive oil

  

  The US current account deficit rose 6.3% to $119.3bn in the first three months of the year, the Commerce Department has said. Strong exports of cars, computers and machinery were offset by imports, particularly of more expensive oil.

• Thursday, August 5th 2010 - 09:09 UTC

  Obama administration wants to end Bush era tax cuts for the rich

  

  The George Bush administration's “misguided” policies are to blame for huge US budget deficits, Treasury Secretary Timothy Geithner charged as he sought to build an election-year case for ending tax cuts for the wealthiest US citizens.

• Thursday, July 15th 2010 - 06:19 UTC

  US May trade deficit, the highest in last 18 months

  

  US trade deficit widened to its highest level in 18 months in May, driven by demand for imported cars, computers and clothing. The deficit increased by 4.8% to 42.3 billion US dollars, the largest since November 2008, Commerce Department data showed.

• Friday, May 14th 2010 - 04:40 UTC

  Portugal Joins Euro Belt-Tightening Bandwagon but with Strong Political Support

  

  Portugal has become the latest country to introduce austerity measures, after both Greece and Spain took similar steps to stabilize public finances in the face of massive debt.