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