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The Latest Breaking News from Deficit

Memo to Labor: you need more tax, working out how much more is urgent

The new government has inherited an extraordinarily difficult budget situation.

The Conversation

Govt has no plan for additional borrowing to manage fiscal deficit: Report

NEW DELHI: The government is not planning any additional borrowing and will stick to the borrowing target fixed for the current fiscal year despite sacrificing revenue on account of reduction in duties on petroleum products and other goods, official sources said on Wednesday.

The Times of India

Treasurer Jim Chalmers warns of ‘dire’ budget situation as inflation soars

Labor says deficit could blow out further while accusing the Coalition of failing to disclose budgetary pressures

The Guardian - AU

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Game 4 of Warriors-Mavs Featured a 16-Minute ‘Rain Delay’

Golden State leads Dallas, 3-0, and no team in NBA history has rallied from a 3-0 deficit to win a series.

Sports Illustrated

Sunak faces calls for help with living costs as budget deficit lower than forecast

Tax receipts are weaker than expected, revealing impact of UK’s slowing economy

The Guardian - UK

Jim Souhan: By pumping brakes on Buxton and Lewis, Twins avoid downside risk

The Twins didn't have Byron Buxton, Carlos Correa or Royce Lewis in their starting lineup on Sunday. They overcame a six-run deficit to win 7-6 at Kansas City, putting them on pace to win 99 games and enrage 1 million fans.

Tribune News Service

Tamil Nadu posts lower than expected revenue deficit in FY22

It is ₹41,685.94 crore as against ₹55,272.79 crore projected in the revised estimates for 2021-22

The Hindu

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On this date: An underrated Kobe Bryant gem versus the Spurs

Kobe Bryant almost single-handedly erased a big deficit in Game 1 of the 2008 WCF and gave the Lakers an inspiring win over the Spurs.

USA Today Sports Media Group

Heat at Celtics: Boston falls behind early in Game 3, lose 109-103 to Miami

Some of the best plays of Game 3 captured in images.

USA Today Sports Media Group

Tunisia Expects 9.7% Deficit in 2022 Budget

Tunisia’s budget deficit will expand to 9.7% of GDP this year, compared to a previously expected 6.7%, due to the stronger dollar and sharp increase in grain and energy prices, the central bank governor said on Friday. Marouan Abassi added at an economic conference in Sfax that Tunisia needs additional…

Asharq Al-Awsat

This New App Allows Indoor Cannabis Grows And Greenhouses Calculate Vapor Pressure Deficit (VPD)

Dr. Greenhouse, Inc., a provider of HVAC design and controls solutions for indoor grows, vertical farms and greenhouses, has launched the Dr. Greenhouse VPD Calculator App. The VPD Calculator app helps growers understand their indoor grow environment and its effect on plant responses and HVAC equipment operation.

Benzinga

Grants for restaurants, small businesses blocked in Senate

WASHINGTON — Deficit-concerned senators blocked the Senate from considering a $48 billion aid package for restaurants and other small businesses Thursday, likely dealing a fatal blow to a months-long effort to provide a final round of relief for industries that suffered major revenue losses during the pandemic.

Tribune News Service

Grants for restaurants, small businesses blocked in Senate - Roll Call

Deficit-concerned senators blocked the Senate from considering a $48 billion aid package for restaurants and other small businesses Thursday.

Roll Call

'A lazy cost-saving measure': the Coalition's efficiency dividend hike may mean longer wait times and reduced services

On the eve of the election, the Coalition has said it will impose a higher “efficiency dividend” on public service agencies over the next four years in an effort to cut public service spending and address the budget deficit.

The Conversation

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USA Today Sports Media Group

Three observations from Boston Celtics’ Game 1 loss to the Miami Heat

The Heat outscored the Celtics by 25 points in the third quarter to take control of the affair and hand Boston a 1-0 deficit in the series.

AAP

United confident of ALM semi fightback

Coach John Aloisi is confident Western United can overcome a 1-0 deficit from their first A-League Men semi-final leg against Melbourne Victory.

Benzinga

Aytu BioPharma Plans To Divest / Discontinue Non Core Assets

Aytu BioPharma Inc (NASDAQ:AYTU) will divest or discontinue non-core, unprofitable products, including Cefaclor, Flexichamber, Tuzistra XR, generic Tussionex, and Zolpimist. Aytu expects to improve gross margins for its ADHD product franchise by transferring manufacturing to a well-established, global commercial manufacturing organization, a transition expected to occur in mid-2023. Aytu is commercializing two novel…

Daily Mirror

Jurgen Klopp offered inside advice to prevent Liverpool collapse that "hurt so much"

Back in 2014, Liverpool pushed hard to make up a goal difference deficit to league leaders Manchester City, but one member of that team doesn't expect history to repeat itself

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Roll Call

Restaurant bill backers battle deficit concerns, knowledge gap - Roll Call

A $48 billion aid package for restaurants and other pandemic-ravaged businesses faces steep hurdles in the Senate.

Reuters

Australian PM touts fiscal discipline in final election campaign lap

Australia's ruling coalition on Tuesday pledged to fund A$2.3 billion ($1.60 billion) worth of its election promises by curbing public sector spending over the next four years, which it said would also further reduce the budget deficit.

Belfast Live

Belfast council supports calls for NI to vote in EU elections again

Academics at City Hall point to Turkish Cypriot model

Asharq Al-Awsat

Tunisia’s Balance of Trade Deficit Widens in Four Months

Tunisia’s balance of trade deficit widened by 50% to 6.6 billion dinars ($2.2 billion) in the first four months of this year compared to 4.4 billion dinars in the same period last year, the state Institute of Statistics said. The deficit has been one of the main problems facing Tunisia…

USA Today Sports Media Group

On this date: Lakers mount massive comeback to sweep Seattle

In Game 4 of the 1989 West semis, the Showtime Lakers came back from a huge deficit to sweep the stunned Seattle SuperSonics.

Benzinga

Why Mullen Automotive Shares Are Surging Today

Mullen Automotive Inc (NASDAQ:MULN) reported preliminary cash and equivalents of $65.2 million as of Q2-end, primarily due to $43.9 million from the issuance of Series C Preferred Stock and associated warrants. Additionally, the company received $29.6 million in net proceeds under the $30 million Esousa Equity Line, dated September 1, 2021. Total assets…

Reuters

Hungary's Orban hands ex-aide, finance minister economic challenge

Hungary's Prime Minister on Friday put former central banker Marton Nagy and finance minister Mihaly Varga in charge of tackling the economic challenges caused by soaring inflation, the Ukraine crisis and a ballooning deficit.

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