RECENT NEWS
Reuters  2 hrs ago  Comment 
(Corrects designation in sixth paragraph to former chief economist at the International Monetary Fund, instead of World Economic Forum)
Reuters  Nov 8  Comment 
China hopes that the United States will keep its deficit to an appropriate size to ensure basic stability in the U.S. dollar exchange rate, Chinese Premier Wen Jiabao said on Sunday.
The Straits Times  Nov 8  Comment 
Reuters  Nov 8  Comment 
A high fiscal deficit and rising inflationary pressure could derail India's economic recovery, an advisor to Prime Minister Manmohan Singh on Sunday.
Wall Street Journal  Nov 6  Comment 
Greece's newly elected Socialist government unveiled its first budget, aiming to cut the country's fiscal deficit by a third by scaling back spending and raising new taxes.
Wall Street Journal  Nov 5  Comment 
Greece's newly elected Socialist government unveiled its first budget, aiming to cut the country's fiscal deficit by a third by scaling back spending and raising new taxes.
CBC.ca  Nov 5  Comment 
Public-sector unions are warning Premier Dalton McGuinty not to try to force their members to bear the brunt of the costs of eliminating Ontario's record $24.7-billion deficit.
Financial Times  Nov 5  Comment 
The Pension Protection Fund says that its deficit for the year to March 31 have risen from £517m to £1.2bn, as a wave of insolvencies led to an increase in claims
Reuters  Nov 5  Comment 
Kenya's balance of payments swung into a deficit of $420 million in the year ended July from a surplus of $594 million last year on a worsening current account deficit, the central bank said.
Bloomberg  Nov 5  Comment 
(Update1) South Africa must cut its fiscal deficit, projected to be the highest since at least 1961, to retain its credit rating, Standard & Poor’s said.
The Economic Times  Nov 5  Comment 
The government on Thursday changed rules on using stake sale proceeds and made it mandatory for all profit-making, listed, state-run firms to float at least 10 percent stake, in a move aimed at cutting its fiscal deficit.
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A deficit is the amount by which a government's spending exceeds its revenue. Deficit spending requires that a government borrow money, usually by issuing bonds, and can affect Interest Rates and the value of its Currency.

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