#budgetdeficit — Public Fediverse posts

Act soon to change ‘unsustainable’ direction of UK debt, OBR warns
By Heather Stewart Economics editor

Forecaster says curtailing rising costs such as health and pensions ‘are today’s challenge, not just tomorrow’s’

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 #HeatherStewartEconomicseditor

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

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

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

‘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...

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

https://fed.brid.gy/r/https://interaksyon.philstar.com/business/2026/04/07/311653/philippines-posts-p171-2-billion-budget-deficit-in-february/

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

Philippines’ budget deficit at P313.2 billion in December

https://fed.brid.gy/r/https://interaksyon.philstar.com/business/2026/03/03/310040/philippines-budget-deficit-at-p313-2-billion-in-december/

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.

https://mediafaro.org/article/20260124-selling-us-debt-europes-difficult-weapon-against-trump?mf_channel=mastodon&action=forward

#Europe #Trump #Markets #Investing #Government #Economy #SovereignDebt #BudgetDeficit

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.

https://mediafaro.org/article/20251025-moodys-keeps-frances-credit-rating-but-warns-about-negative-outlook?mf_channel=mastodon&action=forward

#France #CreditRating #Economy #Moodys #Economy #Politics #BudgetDeficit

Saturday, October 4, 2025

https://activitypub.writeworks.uk/2025/10/saturday-october-4-2025/

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.

https://mediafaro.org/article/20250904-french-national-debt-under-presidents-chirac-sarkozy-hollande-and-macron-a-look-at-the-numbers?mf_channel=mastodon&action=forward

#France #Economy #Debt #Politics #NationalDebt #BudgetDeficit #Chirac #Sarkozy #Hollande #Macron

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.

https://www.houstonpublicmedia.org/articles/news/criminal-justice/2025/08/20/528904/harris-county-expected-to-end-mississippi-outsourcing-contract-this-year-saving-at-least-4-million/

#CriminalJustice #HarrisCounty #Houston #Local #News #BudgetDeficit #HarrisCountyBudget #HarrisCountyDistrictAttorneySOffice #HarrisCountyJail #HoustonJail #JailOutsourcing

#Russia #BudgetDeficit #EnergyCrisis #FiscalStress

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.

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

US credit rating downgrade could add to pressure on government debt https://www.theguardian.com/us-news/2025/may/18/us-credit-rating-downgrade-could-add-to-pressure-on-government-debt #Trumpadministration #Ratingagencies #Budgetdeficit #DonaldTrump #Economics #Worldnews #USeconomy #Business #Moody's #USnews #Dollar #Bonds

@franceinfo les français appellent les députés, élus et ministres à la "vigilance" sur la bonne utilisation de leur argent public.

#budget2026 #budgetmilitaire #budgetdeficit #assembly #assembleenationale #bayrou #Barnier #BrunoLeMaire #Hollande #Macron #AssembleeNationaleFR #France #déficitpublic

Washington State Passes Budget With $9B Tax Hike Targeting Amazon, Microsoft and Other Big Tech Companies

#WaLeg #WaBudget #StateTaxes #TechTax #Amazon #Microsoft #BobFerguson #WashingtonState #USTaxes #BudgetDeficit #CapitalGains #SalesTax #BusinessTax

https://winbuzzer.com/2025/04/29/washington-state-passes-budget-with-9b-tax-hike-targeting-amazon-microsoft-and-other-big-tech-companies-xcxwbn/

David Speers on #ABCNewsAustralia this evening continuing the mythology around a ‘balanced’ budget.

Australia and Australians suffer whenever the federal government prioritises a budget surplus over services and infrastructure needed to maintain a strong and healthy country and population.

#auspol #mmt #fiatCurrency #election #vote #budget #budgetdeficit

From: @DrALJONES
https://mastodon.social/@DrALJONES/114414533471013531

Rachel Reeves dashes hopes of early breakthrough in UK-US trade deal https://www.theguardian.com/us-news/2025/apr/23/rachel-reeves-dashes-hopes-of-early-breakthrough-in-uk-us-trade-deal #InternationalMonetaryFund(IMF) #Trumpadministration #Economicgrowth(GDP) #Governmentborrowing #Internationaltrade #Food&drinkindustry #Economicpolicy #Globaleconomy #Budgetdeficit #Publicfinance #RachelReeves #Trumptariffs #DonaldTrump #Environment #USpolitics #Economics #Business #Politics #Tariffs #Farming