United States President Donald Trump promised on Thursday that he will "change" the situation concerning the country's trade deficit, which rose in January by $33 billion month-on-month to $131.4 billion."Massive Trade Deficit with the World, just announced, compliments of [his predecessor]...
Elon Musk, billionaire and head of the newly formed United States Department of Government Efficiency, assessed its potential impact stating he thinks it "can take a trillion dollars out of the deficit next year."Speaking on the Doge & Mars podcast posted on X, Musk stressed the need for broad political...
France's newly-appointed Minister of the Economy, Finance, and Industry, Eric Lombard (pictured), on Monday revealed his goal to reduce the public deficit to a range of 5% to 5.5% of the nation’s gross domestic product (GDP) this year.Speaking on the air of France Inter, the finance minister...
European Commission's Executive Vice-President and Commissioner for Trade Valdis Dombrovskis said on Tuesday that member states' deficits are set to narrow slightly this year but debt ratios will edge up again. "This stresses the need for sustained and gradual debt reduction strategies in line with...
United States Treasury Department revealed on Thursday in a report that for the October 2023 to August 2024 period, the country's federal budget deficit stood at $1.9 trillion.In August alone, the US deficit came in at $380 billion compared to a surplus of $89 billion registered in the same...
Data from the Office for National Statistics showed Tuesday that the UK borrowing deficit soared more than expected in March and for the entire year.According to the report, the budget deficit totaled £120.7 billion in the 12 months to March, down from £128.3 billion on a yearly basis. For March,...
Government debt in the euro area fell to 88.6% of the gross domestic product (GDP) in the fourth quarter of 2023, compared with 89.6% in the third quarter, Eurostat reported on Monday. In the European Union, government debt was at 81.7% of GDP, down from 82.4% in Q3. In the Eurozone, 83.4%...
United States President Joe Biden accused his predecessor Donald Trump of adding more to the national debt than any other head of state in the country's history.
Speaking at a campaign rally in Philadelphia, Pennsylvania, Biden reiterated most of the statements he made in his State of the...
United States President Joe Biden insisted in his State of the Union address that his administration cut the national deficit by over a trillion dollars and set a goal to reduce it even more.
Biden stressed that he intends to make corporations pay their "fair share of taxes." "Fair tax code is how we make...
Russian Finance Minister Anton Siluanov shared on Tuesday that the country's budget deficit in 2023 is expected to amount to 2.9 trillion rubles (around $31.6 billion).
"We now expect a deficit of about 1.5% of gross domestic product. But everything will depend on what volume of GDP we get after all...
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