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The Latest Breaking News from Deficit

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

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Fiscal deficit reined in, CAD a concern: Finance Ministry

“Inflation, trade deficit are key challenges”

The Hindu

"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

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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

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.

The Times of India

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

Evening Standard

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".

Daily Record

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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.…

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.

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news in one place.

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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

Asharq Al-Awsat

Saudi Arabia Forging ahead with Economic Reforms, Tackling Rising Costs

Saudi Arabia is carrying on with its economic reform process to achieve economic sustainability and mitigate the effect of global economic changes and developments. The government has developed financial planning that has contributed to creating tools capable of influencing and handling financial and economic variables. These tools have also been…

The Hindu

A matter of import: On spectre of wider trade and current account deficits

Spectre of wider trade and current account deficits is dragging the rupee down

Benzinga

Despite Sanctions, German Exports To Russia Up More Than 29%

Germany saw its first trade deficit in three decades in May while its exports to Russia took an unexpected upward spike, despite sanctions against the government of Vladimir Putin.

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