Gov. Newsom’s budget plan shrinks deficit to $37.9 billion, solves without major cuts, tax hikes

Gavin Newsom said Wednesday the state’s budget deficit — projected just last month at a staggering $68 billion — has been revised to $37.9 billion ... “This is a story of correction ... Read More

World News

The State Department said Russia had used chloropicrin, a poison gas widely used during World War I, against Ukrainian forces, an act that would violate a global ban signed by Moscow. On an island ... Read More

Brazil's government sees 2024 fiscal target as feasible despite March deficit

Brazil's government believes it will achieve this year's fiscal target considering its tolerance margins, despite an unexpected budget deficit in March, where increased expenses overshadowed the rise ... Read More

Israel Budget Deficit Jumps to 6.2%/GDP in March, Nears 6.6% 2024 Target

Israel Budget Deficit Jumps to 6.2%/GDP in March, Nears 6.6% 2024 Target JERUSALEM (Reuters) - Israel posted a budget deficit of 15 billion shekels ($4 billion) in March, the Finance Ministry said ... Read More

Newsom unveils budget plan to halve $68 billion deficit

The remainder of the gap, about $7.2 ... deficit to $37.8 billion. “This has been a hard year,” Newsom said, adding moments later: “I hope the story is one of resilience. This is a story of correction ... Read More

California Democrats Agree on Plan to Reduce Budget Deficit by $17.3 Billion

But this year's deficit could be as large as $73 billion, according to the nonpartisan Legislative Analyst’s Office. Newsom said in January the deficit is actually $37.9 billion — a shortfall ... Read More

US trade deficit narrows slightly in March

The U.S. trade deficit narrowed slightly in March as a decline in imports was tempered somewhat by a plunge in exports. Read More

Budget deficit projected to narrow further this year

THE National Government’s (NG) fiscal deficit is seen to narrow further this year as revenue collections are likely to exceed targets, Fitch Solutions’ unit BMI said. “We forecast the Philippine ... Read More

Israel’s budget deficit rises amid Gaza war

The deficit rose from 5.6% in February and 4.8% in January amid increased military and civilian spending, according to the Times of Israel. Israel, which posted a budget deficit of 4.2% in 2023, has ... Read More

Legislative Analyst: State to face $58 billion, three-year budget deficit

In the first glimpse at a dark financial forecast, the Legislative Analyst’s Office reported Friday that the next California state budget will likely face a three-year $58 billion deficit, on the ... Read More