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The Latest Breaking News from Deficit

Deficit doubts: On concern over current account deficit

Fretting about the current account deficit is warranted; fiscal space must also be reassessed

The Hindu

Celsius Network: crypto firm reveals $1.2bn deficit in bankruptcy filing

Company says it was faced with ‘run on the bank’ amid ‘cryptopocalypse’ as investors raced to withdraw assets

The Guardian - UK

Gurugram: Weak monsoon pushes rain deficit to 42% in two weeks

Gurugram: A fortnight after the onset of monsoon, the city has a rain deficit of 42% — second only to Fatehabad (-44%) in the state — as heavy showers have eluded most parts of the district this month.

The Times of India

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Manchin rules out climate spending and tax hikes, but open to prescription drug reform

Manchin remains open to a much smaller bill that focuses on deficit reduction.

Axios

Morning Digest | India’s current account deficit a concern, says Finance Ministry; Saudi Arabia lifts ban on Israeli flights, and more

A select list of stories to read before you start your day

The Hindu

Exports up 23.52% to $40.13 billion in June; trade deficit at record $26.18 billion

NEW DELHI: Exports in June rose by 23.52 per cent to $40.13 billion while the trade deficit ballooned to a record level of $26.18 billion mainly due to jump in gold and crude oil imports, the government data said on Thursday.

The Times of India

Fiscal deficit reined in, CAD a concern: Finance Ministry

“Inflation, trade deficit are key challenges”

The Hindu

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"Tories and their Labour allies do not believe in democracy" says Councillor Kenny MacLaren

Renfrewshire politicians rally round First Minister over independence by calling out Westminster's "Democracy Deficit"

Daily Record

Daniëlle van de Donk’s dazzling strike helps Netherlands sink plucky Portugal

Portugal fought back from a two-goal deficit to level an enthralling game but Daniëlle van de Donk’s second-half rocket gave Netherlands a 3-2 victory

The Guardian - UK

Questions over whether mega-polytech will be ready

The new tertiary institution is facing a full year deficit and having to delay consultation on where staff fit into the new entity.

Newsroom.co.nz

The scale of municipal finances is inadequate

Fiscal deficits, constraints in tax base expansion, and weakening of institutional mechanisms are challenges

The Hindu

Current account deficit likely to touch $105 billion this fiscal: Report

MUMBAI: The country's current account deficit is likely to touch $105 billion or 3 per cent of the GDP this fiscal, mainly due to continuously widening trade deficit, according to a report.

The Times of India

Biden's Policies Have Increased, Not Reduced, Future Budget Deficits

Dissecting the president's misleading claims about falling deficits

Reason

A.P. records 75% excess rainfall in July

Chittoor and Kadapa witness a deficit of 23% and 32% respectively

The Hindu

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The Times of India

Petrol price hike, raising power tariffs: What Pakistan needs to do to obtain IMF loan

NEW DELHI: The economic crisis in Pakistan has posed severe challenges for the government as it grapples with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency.

Evening Standard

TfL chief defiant over bonuses despite 600 fat cats earning £100,000 or more

Commissioner Andy Byford says TfL is making progress in eradicating its deficit

Daily Record

Weight loss coach shares Asda's low-calorie ready meals that helped him drop 18 stone

Neil Scurrah, 41, from Blackpool, piled on the pounds reaching 36st 10lb after struggling with the loss of his father. Now the weight loss coach helps others turn their lives around using a calorie deficit, and believes "there are no bad foods".

Asharq Al-Awsat

Novak Djokovic Beats Nick Kyrgios for 7th Wimbledon Title

Novak Djokovic waited. He waited for Nick Kyrgios to lose focus and lose his way. Waited to find the proper read on his foe’s big serves. Waited until his own level rose to the occasion. Djokovic is not bothered by a deficit - in a game, a set, a match.…

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Tribune News Service

Twins waste their own six-run inning in 9-7 loss to Rangers

ARLINGTON, Texas — On Friday, it was the Rangers who overcame an early 3-0 deficit with a big five-hit, six-run inning. On Saturday, the Twins fell short of doing the same.

Bangkok Post

Ministry upbeat on baht rebound

The Finance Ministry expects the baht's value to rebound in the second half this year, in line with the anticipated narrowing of the current account deficit, says a ministry source who requested anonymity.

The Conversation

Five ways that the super-strong US dollar could hurt the world economy

The US dollar has been on a major surge against major global currencies in the past year, recently hitting levels not seen in 20 years. It has gained 15% against the British pound, 16% against the euro and 23% against the Japanese yen.

Asharq Al-Awsat

Egypt Registers Primary Surplus of $5.2 Billion

Egypt registered a primary surplus of EGP98.5 billion ($5.23 billion) in the 2021/22 financial year to June 30, the country’s finance ministry said on Thursday. The overall budget deficit stood at 6.1% of GDP, the statement added. Meanwhile, Egypt’s annual urban consumer inflation slowed to 13.2% year-on-year in June from…

The Hindu

Latest RBI moves to stabilise rupee face many economic hurdles

Economists estimate FY current account deficit to exceed 3%

Daily Record

TikToker who lost 18 stone shares B&M’s best low-calorie crisps for weight loss

Neil Scurrah lost 18 stone through his diet, which he says allows you to still enjoy your favourite crisps. The Real Loss Boss believes in creating a "calorie deficit" but says it is not about not eating.

The Hindu

Change in rain pattern in Kerala: A wet week enough to offset deficit of a dry month

Late surge aided by low pressure over Bay of Bengal and monsoon trough

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