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Category: deficit

  • Israel’s fiscal deficit falls below 7%

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    Investor Empires

    Israel’s fiscal deficit narrowed for the third month in a row and ended 2024 at 6.9% of GDP, the Finance Ministry reported. The deficit in the twelve months until the end of December 2024 amounted to 136.2 billion shekels. After a year of war on several fronts and mass evacuations…

  • Israel’s fiscal deficit narrows for second straight month

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    Investor Empires

    Israel’s fiscal deficit decreased for the second month in a row. Finance Ministry Accountant General Eli Rotenberg reported today that the deficit in the 12 months to the end of November this year amounted to 7.7% of GDP, or NIS 150 billion. In the 12 months to the end of…

  • Israel’s fiscal deficit narrows after 18 months of rises

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    Investor Empires

    The Israeli fiscal deficit has shrunk for the first time since the beginning of the war. Finance Ministry Accountant General Eli Rotenberg reported today that the deficit in the 12 months to the end of October this year amounted to 7.9% of GDP, or NIS 154 billion. In the 12…

  • Israel’s fiscal deficit widens for 18th consecutive month

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    Investor Empires

    Israel’s fiscal deficit has risen again for the 18th consecutive month, after reaching zero in March 2023. The deficit in the 12 months to the end of September this year reached 8.5% of GDP, or NIS 165.8 billion, the accountant said. General of the Ministry of Finance, Yali Rotenberg. I…

  • Senegal’s dollar bonds fall after audit reveals larger debt and deficit By Reuters

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    Investor Empires

    Written by Duncan Miriri NAIROBI (Reuters) – Senegal’s dollar sovereign bonds fell on Friday after a government review revealed larger debt and deficit numbers than the previous administration announced, TradeWeb data showed. Recently elected President Basseru Diomai Faye, who ordered the audit, blamed the previous government for publishing false figures,…

  • ECB’s Villeroy: French goal to cut deficit to 3% of GDP by 2027 is not realistic

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    Investor Empires

    Villeroy from the European Central Bank It is strange that governments are still violating eurozone deficit rules in 2027 – seven years into the pandemic emergency – and it is clear that this will not end well. In the long run, I think this would suggest that the optimal course…

  • Israel’s fiscal deficit climbs again

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    Investor Empires

    Israel’s fiscal deficit rose again for the 17th consecutive month, after reaching zero in March 2023. The deficit in the 12 months to the end of August this year amounted to 8.3% of GDP, or NIS 161 billion, Finance Ministry Accountant General Yali Rotenberg reported today. The figure at the…

  • France asks EU to let it delay submitting budget deficit plan, La Tribune reports By Reuters

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    Investor Empires

    PARIS (Reuters) – France has asked the European Commission to extend the deadline for submitting a plan to cut the public deficit beyond Sept. 20 to ensure consistency with Paris’s draft 2025 budget, La Tribune du Dimanche newspaper reported on Sunday, citing the finance ministry. France’s budget deficit could rise…

  • S&P on New Zealand’s CA deficit – if it doesn’t narrow could trigger for rating downgrade

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    Investor Empires

    High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…

  • How sustainability reporting can bridge the trust deficit in society

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    Investor Empires

    In recent months, many countries have experienced social unrest and various forms of civil unrest. These events can be attributed to several factors, including a lack of trust within society. Organizations in both the public and private sectors are dealing with record low levels of trust, which remains a factor…

  • Czech finance ministry submits 2025 budget draft to cut deficit by 9% By Reuters

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    Investor Empires

    PRAGUE (Reuters) – The Czech finance ministry has presented a draft budget for 2025 with a 9% lower deficit to the government, saying it would bring record investment while narrowing the fiscal gap to around 2% of gross domestic product. The draft budget, presented at midnight on Saturday, projects a…

  • US federal budget deficit for July -$244.00 billion versus -$242.00 billion estimate

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    Investor Empires

    US budget deficit in July: $244 billion, up 10% from a year earlier. The revised deficit would be $45 billion lower due to calendar differences. The deficit increase was mainly due to lower spending on benefits in July. Receipts and Expenses July revenue: $330 billion, up 20% year-over-year; adjusted increase:…

  • Israel’s fiscal deficit widens to 8.1% of GDP

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    Investor Empires

    Israel’s fiscal deficit continued to widen in July, reaching 8.1% of GDP over the past 12 months, or NIS 155.2 billion, according to Finance Ministry General Accountant Yali Rotenberg, up from 7.2% of GDP at the end of May. The fiscal deficit has grown in each of the past 16…

  • Inflation, deficit under Trump would be worse than under Biden, WSJ’s survey shows By Investing.com

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    Investor Empires

    According to a report in the Wall Street Journal this week, most economists expect inflation, deficits and interest rates to be higher under a second Trump administration than they would be if Biden remained in the White House. Citing its quarterly poll of forecasters conducted July 5-9, The Wall Street…

  • Israel’s fiscal deficit widens further

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    Investor Empires

    The fiscal deficit reached 7.6% of GDP over the past 12 months, according to Finance Ministry Accountant General Yali Rothenberg. According to the Finance Ministry’s General Accountant Yali Rotenberg, Israel’s fiscal deficit widened further in June, reaching 7.6% of GDP over the past 12 months, or NIS 146 billion, up…

  • Treasury proposes 5% spending cut to tame deficit

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    Investor Empires

    Sources told Globes that during a meeting at the Ministry of Finance headed by the Minister of Finance yesterday, as part of a series of discussions on the state budget for 2025, the main proposal that was put forward was an overall 5% reduction in the state’s general budget. Budgets…

  • Israel’s fiscal deficit widens to 7.2%

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    Investor Empires

    Israel’s fiscal deficit continued to widen in May, reaching 7.2% of GDP over the past 12 months, or NIS 137.7 billion, according to Finance Ministry Accountant General Eli Rotenberg, compared to 6.9% of GDP. At the end of April. The fiscal deficit target for the end of 2024, as set…