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budget deficit

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Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship

Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship

The Budget 2023 commits to fiscal consolidation with further reduction in budget deficit to GDP ratio to 5% this year and to 3.2% by 2025.
Fri Feb 24 2023
Selangor tables RM2.34 bil Budget for 2022

Selangor tables RM2.34 bil Budget for 2022

Amirudin said there would be a budget deficit of RM222.71 million based on the state's projected revenue of RM2.1 billion.
Fri Nov 26 2021
Raising debt ceiling enables government to finance Budget deficit in medium term - Tengku Zafrul

Raising debt ceiling enables government to finance Budget deficit in medium term - Tengku Zafrul

The government has asserted the importance of increasing the debt ceiling to 65 per cent of GDP to have a wiggle room to finance the government's budget deficit in the medium term.
Sat Oct 30 2021
Most countries face financial problems, fiscal deficits - Mustapa

Most countries face financial problems, fiscal deficits - Mustapa

Most countries, including Malaysia, are facing financial problems and a large budget deficit due to the COVID-19 pandemic.
Sun Apr 18 2021
Singapore expected to run budget deficit next year, PM says

Singapore expected to run budget deficit next year, PM says

Singapore is expected to run a budget deficit next year and may not be able to balance its books for a while.
Tue Nov 17 2020
Australia expected to reveal biggest budget deficit since WW2 due to coronavirus

Australia expected to reveal biggest budget deficit since WW2 due to coronavirus

Australia is expected to report its biggest budget deficit since World War Two on Thursday when Canberra reveals the full economic damage caused by the coronavirus pandemic.
Thu Jul 23 2020
Italy to approve some 10 billion euros in anti-coronavirus measures - minister

Italy to approve some 10 billion euros in anti-coronavirus measures - minister

Measures would likely cause the budget deficit to rise to just under 3% of national output this year.
Tue Mar 10 2020
Saudi to shelve, reform billions of dollars of unfinished projects - sources

Saudi to shelve, reform billions of dollars of unfinished projects - sources

Riyadh's Bureau of Capital and Operational Spending Rationalization, set up last year to make the government more efficient, is compiling a list of projects that are under 25 percent complete.
Mon Apr 17 2017
Saudi posts record deficit, cuts fuel subsidies

Saudi posts record deficit, cuts fuel subsidies

Riyadh also projected a shortfall of $87 billion in next year's budget, the first since King Salman took over the country in January.
Tue Dec 29 2015
Putin's surprising new ruble problem threatens Russian coffers

Putin's surprising new ruble problem threatens Russian coffers

In order to reach macroeconomic stability, Russia needs to limit its budget deficit and a weaker ruble is an easy way to do that.
Fri Apr 10 2015
Oil plunge to cost GCC exporters $300 billion: IMF

Oil plunge to cost GCC exporters $300 billion: IMF

The plunge in the oil price is threatening to send many countries into budget deficits.
Wed Jan 21 2015
Drop in oil revenue has minimal impact on govt finances, says Wahid Omar

Drop in oil revenue has minimal impact on govt finances, says Wahid Omar

One of the sustainability elements in government finances was to reduce its reliance on oil and gas revenues.
Wed Nov 26 2014
Malaysias deficit will rise to RM59 billion, predicts Anwar

Malaysias deficit will rise to RM59 billion, predicts Anwar

Opposition leader Datuk Seri Anwar Ibrahim told the Dewan Rakyat today that the Malaysia's 2014 budget deficit will likely balloon beyond the Finance Minister Datuk Seri Najib Razak's projections.
Mon Oct 28 2013
Nokia vows to pursue India tax fight

Nokia vows to pursue India tax fight

Nokia is the latest multinational to be embroiled in a tax row with Indian authorities, who are chasing alleged tax delinquents to reduce a hefty budget deficit.
Sat Jun 01 2013
How quickly can Trump's Musk-led efficiency panel slash US regulations?

How quickly can Trump's Musk-led efficiency panel slash US regulations?

Moves by Trump and his appointees to eliminate existing rules will be met with legal challenges, as many progressive groups and Democratic officials have made clear.
Sat Nov 23 2024
2TM: Consultations on PTPTN loans, admission to IPTA at MOHE booth

2TM: Consultations on PTPTN loans, admission to IPTA at MOHE booth

Consultations on PTPTN loans and admission to IPTA are among services provided at the Higher Education Ministry booth.
Sat Nov 23 2024
Kampung Tanjung Kala residents affected by flooded bridge every time it rains heavily

Kampung Tanjung Kala residents affected by flooded bridge every time it rains heavily

Almost 200 residents from 60 homes in Kampung Tanjung Kala have ended up stuck when their 200-metre (m) long concrete bridge flooded.
Sat Nov 23 2024
COP29 climate summit draft proposes rich countries pay $250 billion per year

COP29 climate summit draft proposes rich countries pay $250 billion per year

The draft finance deal criticised by both developed and developing nations.
Fri Nov 22 2024
Bomb squad sent to London's Gatwick Airport after terminal evacuation

Bomb squad sent to London's Gatwick Airport after terminal evacuation

This was following the discovery of a suspected prohibited item in luggage.
Fri Nov 22 2024
Kelantan urges caution amidst northeast monsoon rains

Kelantan urges caution amidst northeast monsoon rains

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Fri Nov 22 2024
Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
Fri Nov 22 2024
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM

ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
Fri Nov 22 2024
KTMB provides two additional ETS trains for Christmas, school holidays

KTMB provides two additional ETS trains for Christmas, school holidays

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
Fri Nov 22 2024
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024

BNM'S international reserves rise to USD118 bil as at Nov 15, 2024

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Fri Nov 22 2024