#budgetdeficit — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #budgetdeficit, aggregated by home.social.
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UK reports unexpected deficit of £1.8bn as John Healey prepares for first budget https://www.theguardian.com/politics/2026/aug/21/uk-unexpected-deficit-john-healey-prepares-for-first-budget #TaxAndSpending #BudgetDeficit #GovernmentBorrowing #Business #Economics #OfficeForNationalStatistics #JohnHealey #OfficeForBudgetResponsibility #UkNews #Politics #EconomicPolicy
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UK reports unexpected deficit of £1.8bn as John Healey prepares for first budget
By Heather StewartJuly data shows total public debt was £2.98tn, or 94% of GDP – up £96bn on a year earlier
#Taxandspending #Budgetdeficit #Governmentborrowing #Business #Economics #OfficeforNationalStatistics #JohnHealey #OfficeforBudgetResponsibility #UKnews #Politics #Economicpolicy #TheGuardian #HeatherStewart
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Once upon a time, it was an absolute political and economical scandal when the US government ran up an annual deficit of a trillion dollars. [1]
Under Trump's tax cuts for the rich and bloated spending for his pet projects and well-connected contractors, the USA just ran up a $432 billion deficit ... in July. In one month. At that rate, you're looking at an annual deficit in the five trillion dollar range.
The accumulated debt is "only" 40 trillion or so, for what that's worth.
The USA will *never* repay this debt. It's not possible. And in the current political system, they will not get their budget deficits under control - no chance, at all.
How do they keep the money train going, you ask? It's because other countries park their money in US Treasury bonds and other US-denominated holdings. There is a built-in demand for US currency that doesn't depend on financial performance of the USA at all. This demand has existed ever since the end of the Bretton Woods system.
And it's primarily because of oil.
If you ignore the the recent Russian sanctioned oil sales (via their shadow fleet of tankers) to India and some other countries, essentially all oil is traded in US dollars.
1/x
[1] Before that, it was a similar scandal when the accumulated debt of the USA reached a trillion dollars.
#USPol #USOil #USDollar #deficit #debt #NationalDebt #USBudget #BudgetDeficit #oil #petrodollars
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Union calls for robust review of OBR over fears it holds back economic growth
By Heather StewartTUC will urge John Healey to order ‘root and branch’ assessment of watchdog amid claims its forecasts downplay investment benefits
https://www.theguardian.com/business/2026/aug/08/tuc-review-obr-investment-economy-business
#OfficeforBudgetResponsibility #Budgetdeficit #Business #Economicpolicy #Economics #Governmentborrowing #Politics #Investments #UKnews #Money #TUC #Tradeunions #TheGuardian #HeatherStewart
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Union calls for robust review of OBR over fears it holds back economic growth https://www.theguardian.com/business/2026/aug/08/tuc-review-obr-investment-economy-business #OfficeForBudgetResponsibility #BudgetDeficit #Business #EconomicPolicy #Economics #GovernmentBorrowing #Politics #Investments #UkNews #Money #Tuc #TradeUnions
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UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts https://www.theguardian.com/business/2026/jul/29/uk-faces-trade-offs-because-of-iran-war-inflation #Business #Inflation #Oil #Economics #Iran #UsisraelWarOnIran #AndyBurnham #JohnHealey #BankOfEngland #OfficeForBudgetResponsibility #PublicFinance #Budget #EconomicPolicy #Politics #UkNews #GovernmentBorrowing #BudgetDeficit
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UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts
By Phillip InmanLeading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’
https://www.theguardian.com/business/2026/jul/29/uk-faces-trade-offs-because-of-iran-war-inflation
#Business #Inflation #Oil #Economics #Iran #USIsraelwaronIran #AndyBurnham #JohnHealey #BankofEngland #OfficeforBudgetResponsibility #Publicfinance #Budget #Economicpolicy #Politics #UKnews #Governmentborrowing #Budgetdeficit #TheGuardian #PhillipInman
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Act soon to change ‘unsustainable’ direction of UK debt, OBR warns
By Heather Stewart Economics editorForecaster says curtailing rising costs such as health and pensions ‘are today’s challenge, not just tomorrow’s’
#OfficeforBudgetResponsibility #Budgetdeficit #Business #Economicpolicy #Economics #Governmentborrowing #Politics #Taxandspending #Healthpolicy #RachelReeves #AndyBurnham #UKnews #Defencepolicy #HeatherStewartEconomicseditor
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Act soon to change ‘unsustainable’ direction of UK debt, OBR warns https://www.theguardian.com/business/2026/jul/07/change-unsustainable-direction-uk-debt-obr-health-pensions #OfficeForBudgetResponsibility #BudgetDeficit #Business #EconomicPolicy #Economics #GovernmentBorrowing #Politics #TaxAndSpending #HealthPolicy #RachelReeves #AndyBurnham #UkNews #DefencePolicy
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Mayor Jones wants to defund San Antonio Botanical Garden as city’s budget deficit looms https://www.allforgardening.com/1837452/mayor-jones-wants-to-defund-san-antonio-botanical-garden-as-citys-budget-deficit-looms/ #BudgetDeficit #garden #gardener #gardening #GinaOrtizJones #PublicSubsidy #SanAntonioBotanicalGarden #SanAntonioNews #TexasPolitics
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IMF urges UK to ‘stay the course’ on borrowing amid Starmer uncertainty https://www.theguardian.com/business/2026/may/18/imf-uk-borrowing-keir-starmer-rachel-reeves-andy-burnham #Economics #InternationalMonetaryFundImf #BudgetDeficit #Business #RachelReeves #Politics #UkNews
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‘There’s a risk of another Liz Truss moment’: City raises spectre of bond market meltdown again https://www.theguardian.com/business/2026/may/14/theres-a-risk-of-another-liz-truss-moment-city-raises-spectre-of-bond-market-meltdown-again #GovernmentBorrowing #BudgetDeficit #Gilts #Bonds #EconomicPolicy #EconomicGrowthGdp #Economics #Politics #Business #UkNews #LizTruss #KeirStarmer #Labour #FinancialSector #Banking #TaxAndSpending #PublicFinance #BankOfEngland #RachelR...
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Below is a graph from Deloitte Access Economics showing the Australian economy.
It has expenses exceeding income.Looks like the responsible thing for Anthony Albanese to do is tax gas exports at 50%.
Anyone got the expected increase in revenue that we'd get to hand?
#AusPol #AusEconomy #GasTax #AnthonyAlbanese #BudgetDeficit
#MakeGinaChuckAHissyFit #FederalBudgetAU2026 -
Philippines posts P171.2 billion budget deficit in February
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UK government borrowing costs hit 5% as Iran war fuels bond market sell-off https://www.theguardian.com/business/2026/mar/27/uk-government-borrowing-iran-war-bond-market-sell-off #GovernmentBorrowing #Business #Bonds #Economics #UkNews #BudgetDeficit #UsisraelWarOnIran #Inflation #InterestRates #EconomicPolicy
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Philippines’ budget deficit at P313.2 billion in December
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Selling US debt, Europe’s difficult weapon against Trump.
Investors have begun to reduce their exposure to the US on their own initiative, triggering a selling wave that exposes the vulnerabilities of the world’s largest economy: its high debt and the imbalance of its public accounts.
#Europe #Trump #Markets #Investing #Government #Economy #SovereignDebt #BudgetDeficit
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Moody’s keeps France’s credit rating but warns about ‘negative’ outlook.
Credit ratings agency Moody’s on Friday maintained France’s Aa3 sovereign rating but downgraded its outlook to “negative” from “stable,” warning that mounting political fragmentation could hinder efforts to rein in the country’s swelling deficit.
#France #CreditRating #Economy #Moodys #Economy #Politics #BudgetDeficit
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Saturday, October 4, 2025
A risky situation: The critical state of Zaporizhzhia nuclear power plant, explained -- Russian economy latest: Oil, gas September revenues down 25% from last year amid high budget deficit -- Ukrainian drones strike Russia's chemical giant over 1,700km from front lines -- Art after apocalypse: opera spurred by Russia’s ecocide in Ukraine to return to Kyiv ... and morehttps://activitypub.writeworks.uk/2025/10/saturday-october-4-2025/
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French national debt under presidents Chirac, Sarkozy, Hollande and Macron: a look at the numbers.
French national debt has grown steadily over the last 30 years. It is the sum of all public deficits accumulated since the mid-1970s.
An economist looks at factors behind the debt’s recent climb.
#France #Economy #Debt #Politics #NationalDebt #BudgetDeficit #Chirac #Sarkozy #Hollande #Macron
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Harris County leaders plan to end a contract to outsource jail inmates to a private facility in Mississippi later this year, potentially shaving more than $4 million off the county's outsourcing costs.
#CriminalJustice #HarrisCounty #Houston #Local #News #BudgetDeficit #HarrisCountyBudget #HarrisCountyDistrictAttorneySOffice #HarrisCountyJail #HoustonJail #JailOutsourcing
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Russia accidentally admits what it denied for three years: war is breaking its economy
Russia just admitted something it has spent three years denying: the war is breaking its economy. According to Russian Finance Ministry data, Moscow’s federal deficit hit $62 billion by July — already 25% over its yearly target with five months still to go.
https://euromaidanpress.com/2025/08/08/russia-deficit-2025-62b-economy-running-on-fumes/
#Russia #BudgetDeficit #FiscalStress -
Susie Madrak reveals a troubling scenario: Trump's tax bill jeopardizes Medicare funding. Without a PAYGO patch for the MAGA Murder Bill, significant cuts to Medicare are on the horizon due to projected deficits, potentially exceeding $500 billion from 2026-2034. The CBO warns of a $2.3 trillion deficit increase, with Medicare vulnerable as it lacks protection under PAYGO. Discover the full implications here: https://crooksandliars.com/2025/07/what-republicans-do-next-could-trigger-0 #MedicareCuts #PAYGO #Republicans #TaxBill #Congress #BudgetDeficit. Kudos to Madrak for highlighting these urgent concerns.
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Pet peeve: national-level mainstream media outlets that absolutely cannot differentiate correctly between a budget deficit and national debt.
#debt #deficit #NationalDebt #BudgetDeficit #MSM #media #peeve #PetPeeve