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Hungary’s deficit reaches HUF 894.1b in July, 100.2% of full-year target

deficit

BUDAPEST: Hungaryʼs cashflow-based general government deficit, excluding local councils, reached HUF 894.1 billion at the end of July, a second reading of data released by the National Economy Ministry today reveals, according to Hungarian news agency MTI. The deficit reached 100.2% of the HUF 892.4 bln full-year target. The ministry noted that the deficit had reached HUF 851.4 billion at the ... Read More »

Polish budget deficit at PLN 26.14b after June

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WARSAW: The budget deficit amounted to PLN 26.14 billion at the end of June 2015. It stood at 56.7 percent of this year’s budget deficit plan, the Ministry of Finance announced. By the end of June budget revenues amounted to PLN 137.14 billion, or 46.1 percent of the annual plan. Budget expenditures stood at PLN 163.1. Read More »

Jordan’s Trade deficit narrow by 15.7% during First 4 Months Of 2015: Cairo Amman Bank

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AMMAN: The Department of Statistics released figures showing that Jordan’s trade deficit narrowed by JD 526 million or 15.7% during the first third of 2015 compared to the same period in 2014. The trade balance stood at JD -2,835 million in the first third of 2015, compared to JD -3,361 million over the same period in 2014. All exports, imports, ... Read More »

Jordan’s Trade deficit narrow by 15.7% during First 4 Months Of 2015: Cairo Amman Bank

trade deficit logo

AMMAN: The Department of Statistics released figures showing that Jordan’s trade deficit narrowed by JD 526 million or 15.7% during the first third of 2015 compared to the same period in 2014. The trade balance stood at JD -2,835 million in the first third of 2015, compared to JD -3,361 million over the same period in 2014. All exports, imports, ... Read More »

South Africa’s April trade deficit R2.51b as imports, exports fall

zim trade deficit

CAPE TOWN: South Africa’s trade data was better than expected last month as both imports and exports fell, the revised figure for March 2015 showed the trade deficit widened in April 2015. South African Revenue Service data on Friday showed the trade balance recorded a smaller than expected deficit of R2.51bn in April after recording a R9m deficit in March, ... Read More »

General government deficit comes close to 70% of full-year target in April 2015

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BUDAPEST: Hungaryʼs cashflow-based general government deficit, excluding local councils, reached HUF 609.8 bln at the end of April, the National Economy Ministry said in a second reading of data yesterday. The deficit reached 69.5% of the HUF 877.4 bln full-year target, the ministry confirmed in the report. The ministry noted that the deficit had reached HUF 951.2 bln at the ... Read More »

General government deficit comes close to 70% of full-year target in April 2015

deficit

BUDAPEST: Hungaryʼs cashflow-based general government deficit, excluding local councils, reached HUF 609.8 bln at the end of April, the National Economy Ministry said in a second reading of data yesterday. The deficit reached 69.5% of the HUF 877.4 bln full-year target, the ministry confirmed in the report. The ministry noted that the deficit had reached HUF 951.2 bln at the ... Read More »

General government deficit comes close to 70% of full-year target in April 2015

deficit

BUDAPEST: Hungaryʼs cashflow-based general government deficit, excluding local councils, reached HUF 609.8 billion at the end of April, the National Economy Ministry said in a second reading of data yesterday. The deficit reached 69.5% of the HUF 877.4 billion full-year target, the ministry confirmed in the report. The ministry noted that the deficit had reached HUF 951.2 bln at the ... Read More »

General government deficit comes close to 70% of full-year target in April 2015

deficit

BUDAPEST: Hungaryʼs cashflow-based general government deficit, excluding local councils, reached HUF 609.8 billion at the end of April, the National Economy Ministry said in a second reading of data yesterday. The deficit reached 69.5% of the HUF 877.4 billion full-year target, the ministry confirmed in the report. The ministry noted that the deficit had reached HUF 951.2 bln at the ... Read More »

Trade Balance deficit drops about 10% TO JD2.3b in Q1- 2015

TRADE

AMMAN: The Kingdom’s trade balance deficit decreased by about 10 percent in the first quarter of this year, reaching JD1.2 billion, compared to JD2.3 billion in 2014. The deficit decrease was driven by the reduction of exports percentage which hit 13.3 percent, in addition to imports’ falling by 10 percent, General Statistics Department’s data said. Data showed that exports overall’s ... Read More »

Trade Balance deficit drops about 10% TO JD2.3b in Q1- 2015

TRADE

AMMAN: The Kingdom’s trade balance deficit decreased by about 10 percent in the first quarter of this year, reaching JD1.2 billion, compared to JD2.3 billion in 2014. The deficit decrease was driven by the reduction of exports percentage which hit 13.3 percent, in addition to imports’ falling by 10 percent, General Statistics Department’s data said. Data showed that exports overall’s ... Read More »

General government deficit nears 70% of 2015 target

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BUDAPEST: Hungary’s cash flow-based general government deficit, excluding local councils, reached HUF 609.8 billion at the end of April, the National Economy Ministry said in a preliminary report yesterday, according to state news agency MTI. The deficit rose to 69.5% of the HUF 877.4 billion full-year target, based on MTI calculations. The ministry noted that at the same time last ... Read More »

General government deficit nears 70% of 2015 target

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BUDAPEST: Hungary’s cash flow-based general government deficit, excluding local councils, reached HUF 609.8 billion at the end of April, the National Economy Ministry said in a preliminary report yesterday, according to state news agency MTI. The deficit rose to 69.5% of the HUF 877.4 billion full-year target, based on MTI calculations. The ministry noted that at the same time last ... Read More »

Spain’s GDP deficit remains 5.8% to €61.4 billion in 2015

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MADRID: According to a Eurostat report on the Spain just fell behind just Cyprus for the highest deficit by percentage of GDP, with a deficit of about €61.4 billion, or 5.8 percent GDP. Cyprus reported a deficit of 8.8 percent of GDP, or about €1.5 billion. Both the United Kingdom and Croatia came after Spain for highest deficits, each amounting ... Read More »

Hungary’s budget deficit declines by 61.2% to 536.7b forints full year target of 2015

HUNGARY

BUDAPEST: The economy ministry said in a second reading of data that the Hungary’s cash-flow-based general government balance, excluding local councils, came to 536.7 billion forints in January-March, or 61.2% of the full year target. The figure balance was the same as in a preliminary report released on April 8. The ministry noted that the deficit is front-loaded, as usual, ... Read More »

Spanish budget deficit stands at 5.8% in 2014

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MADRID: The EU’s statistical office Eurostat has confirmed that Spain’s budget deficit remained at 5.7% of its GDP in 2014, or Spain met 2014 budget deficit target of 5.8%5.8% if banking rescue packages are included, and that it therefore met its budget deficit target of 5.8%. At the same time Eurostat have also confirmed that the accumulated level of Spanish ... Read More »

Spain’s deficit increases by €61.4b high in EU

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MADRID: Spain’s budget deficit remained €61.4 billion or 5.8 percent GDP, according to a Eurostat report on Tuesday. Cyprus reported a deficit of 8.8 percent of GDP, or about €1.5 billion. Both the United Kingdom and Croatia came after Spain for highest deficits, each amounting to 5.7 percent of GDP. Spain’s overall debt reached more than €1 trillion last year ... Read More »

Hungary’s deficit remains HUF 536.7b in Q1 of 2015

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BUDAPEST: The National Economy Ministry said that the Hungary’s cashflow-based general government balance recorded at HUF 536.7 bln in 1st Quarter of 2015. In January-March 2014, the deficit was HUF 701.2 bln.The January-March deficit was 61% of the full-year target of HUF 877.4 bln, Econews calculated.The ministry noted that the deficit is front-loaded, as usual, with expenditures exceeding revenue in ... Read More »

Hungary’s deficit drops to 2.6% of GDP

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BUDAPEST: The Hungarian Government has said that the country’s deficit dropped to 2.6 percent of gross domestic product, below projections of 2.9 percent, on account of higher tax collections and a strengthening economy. Among the main revenue streams, value-added tax (VAT) performed particularly strongly, rising 11.8 percent during 2014. There is limited scope to raise Hungary’s indirect taxes however, beyond ... Read More »

Brazil’s Public Accounts facing $Rs 8.1 billion deficit

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SAO PAULO: The reinforced public sector accounts in Brazil have faced the worst primary deficit result for the month of November since 2001, with a deficit of R$8.1 billion, Brazil’s Central Bank (CB) announced here the other day. At the beginning of December the country’s primary surplus target for this year was revised to R$10 billion, from the original 2014 ... Read More »