WASHINGTON (AP) — The U.S. government's deficit in the first two months of the budget year ran 25.1% higher than the same period a year ago as spending to deal with the COVID pandemic soared while tax revenues
The article focuses on the proposed fiscal year (FY) 2013 budget in the U.S. It states that the federal government still faces concerns over the growing deficit as the economy limps along to a slow recovery. It mentions...
That meant that the current budget year is being compared to a period from last year's budget before the tax cuts took effect. Total government receipts were $771.2 billion for the first three months of this budget year, a gain of 0.2 percent. Outlays totaled $1.09 trillion, up 9.6 ...
The nonpartisan Congressional Budget Office (CBO) has projected the debt held by the public will reach a record level of more than 106% of GDP in 2027.独立机构国会预算办公室预测，2027年美国债务将刷新纪录，达到GDP的106%以上。This year the federal government is projected to run a $1.9 trilli...
$7.6 billion in taxes and $17.2 billion in wages annually) remains to be seen, but reps for the California Association of Winegrape Growers have said that the delays "threaten to complicate contract negotiations, interfere with lending activity and make it difficult to budget for the year ahead...
While the U.S. government pretends to make an effort to limit the budget, the military budget is projected to increase in alignment with Biden's budget proposal. In contrast, non-defense discretionary spending is expected to remain "roughly flat" at current year levels in 2024 as per the Fi...
Under the “more proactive fiscal policy”, China’s Finance Ministry may have more room to inflate the central government budget deficit, and “a moderately loose monetary policy” suggests the People’s Bank of China (PBOC) may pay more attention to internal balance when making decision on ...
Some of the cuts have been put on hold by the courts, as some of the spending represents Congressionally mandated spending.17 According to the latest projections from the Congressional Budget Office, the federal government is on track to spend US$39.5 billion on international development and US$...
While the U.S. government pretends to make an effort to limit the budget, the military budget is projected to increase in alignment with Biden's budget proposal. In contrast, non-defense discretionary spending is expected to remain "roughly flat" at current year levels in 2024 as per the Fi...
The federal fiscal year 2023 for the US government ended on Sept. 30. Before that, the Republican Party and the Democratic Party had been caught in endless disputes over the federal budget for the new fiscal year. Failure to reach an agreement on the new fiscal budget could easily lead to...