RIYADH, May 2 (Xinhua) -- Saudi Arabia is working to achieve a budget without deficit by 2023, Finance Minister Mohammed al-Jadaan said on Wednesday, quoted by Al Arabiya local news. He highlighted in a conference that the financial results of the first quarter of 2018 showed good performan...
2023$1,684$2,2386.2% Why the Budget Deficit Matters The federal deficit and debt are concerns for the country because the majority of the national debt is held by those who have purchased Treasury notes and other securities. A continuous deficit adds to the national debt, increasing the amount...
DateDeficit ($M)Deficit (%GDP) 2023 1,765 0.20% 2022 9,869 1.30% 2021 -2,358 -0.30% 2020 -22,344 -3.10% 2019 9,681 1.30% 2018 9,363 1.30% 2017 7,858 1.10% 2016 1,639 0.20% 2015 3,786 0.50% 2014 -1,796 -0.20% 2013 -3,055 -0.40% 2012 1,615 0.20% 2011 4,893 0.70...
Colombia: Evolution of the deficit DateDeficit ($M)Deficit (%GDP) 2023 -9,903 -2.72% 2022 -21,306 -6.17% 2021 -22,568 -7.09% 2020 -18,799 -6.95% 2019 -11,248 -3.48% 2018 -15,596 -4.67% 2017 -7,783 -2.50% 2016 -6,429 -2.27% 2015 -10,332 -3.52% 2014 -6,649 -1.74%...
KUALA LUMPUR, Feb. 28 (Xinhua) -- Fitch Solutions, the global ratings company, on Tuesday lowered Malaysia's 2023 budget deficit forecast as a share of gross domestic product (GDP) to 4.9 percent, from 5.3 percent previously, which is somewhat aligned with the Malaysian government's fiscal ...
The government has targeted reducing the budget deficit to 3% this year from 2023's 3.8%. The central bank projected on Tuesday it would drop to 3.5% this year, noting that for Spain to meet the EU recommendation that nominal growth in expenditure does not exceed 2.6%, addit...
Between October 2023 and August 2024, the national deficit equaled $1.9 trillion, an increase of $373 billion compared to the same period one year prior.18 What Is a Budget Deficit? A budget deficit occurs when expenses exceedrevenue. It indicates the financial health of a country. The gover...
By Dheerend Puholoo, Tax Leader More on Tax Perspective Public Finance We analysed some key performance indicators such budget deficit, government revenue, debt-to-GDP, and others, so as to give an overview of the economic situation Read more on Public Finance Sustainability Sustainability...
A budget deficit occurs when government expenses exceedrevenue. Many people use it as an indicator of the financial health of a country. It is a term more commonly used to refer togovernment spending and receiptsrather than businesses or individuals. ...
The Mauritius economy is performing well and is forecast to grow at 7%, with a budget deficit and a public debt on a downward trend at 3.4% and 71.1% respectively, in 2024/25. The different sectors of the economy have shown good momentum, and there is a high degree of optimism as conf...