budget deficit

MILAN | Italy’s doesn’t budge in clash with EU over budget deficit

MILAN  — Italy’s populist government maintained its controversial 2.4 percent budget deficit in responding to EU demands for changes, but made tweaks during a late-night Cabinet meeting Tuesday, including adding plans to sell off some government real estate. Deputy Premier Luigi Di Maio told reporters in Rome that the government was not changing the ambitious … Continue reading MILAN | Italy’s doesn’t budge in clash with EU over budget deficit

Saudi Arabia heralds biggest spending plans yet amid deficit

DUBAI, United Arab Emirates /December 19, 2017 (AP)(STL.NEWS) —  Saudi Arabia is preparing for the biggest budget in its history, announcing Tuesday record expenditures of 978 billion riyals ($261 billion) this coming fiscal year as the government forecasts a boost in revenue from the introduction of a sales tax, plans to further reduce subsidies and … Continue reading Saudi Arabia heralds biggest spending plans yet amid deficit

White House says budget deficit to be $99B higher this year

WASHINGTON/July 15, 2017 (AP)(STL.News) — The White House says worsening tax revenues will cause the budget deficit to jump to $702 billion this year. That’s a $99 billion spike from what was predicted less than two months ago. The report from the Office of Management and Budget comes on the heels of a rival Congressional … Continue reading White House says budget deficit to be $99B higher this year