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Egypt seeks to increase IMF loanEgypt is seeking to increase its previously-requested $4.8 billion loan from the International Monetary Fund to cover its soaring budget deficit, the planning minister said in comments carried by three newspapers on Sunday. More… |
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Egypt economic situation worrisome: MinisterEgypt's economic situation is "worrisome" and it needs quick measures to restore economic activity, the planning minister told the state news agency Mena as Egypt held talks with the IMF on a $4.8 billion loan. More… |
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Obama budget 'to offer program cuts'US President Barack Obama will offer cuts to Social Security and other entitlement programs in a budget proposal aimed at swaying Republicans to compromise on a deficit reduction deal to put the country's finances on a sounder footing, a sen More… |
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India deficit hits $32.6bnIndia yesterday said it would do what was needed to tackle its current account deficit, after heavy oil and gold imports together with muted exports drove the gap to a record high in the December quarter. In a worse-than-expected More… |
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Gulf budget surpluses likely to shrinkMost Gulf oil exporting countries' budget surpluses will shrink this year when heavy government spending and lower crude oil prices trim heir economic growth rates, a Reuters poll showed on Tu More… |
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Jordan plans to cut 2013 budget deficitJordan aims to cut its budget deficit by about a third this year to curb the impact of soaring fuel import costs and high social spending linked to the wave of Arab uprisings. Finance ministry sources said the draft 2013 budget ai More… |
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Egypt budget deficit expected to widen to $31.5bnEgypt's budget deficit in the year to end-June 2013 could widen by 50 percent from the original forecast made in July, according to a figure released by the planning minister on Monday. &quo More… |
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Qatar budget slips into $5bn deficit in April-JuneQatar's government budget slipped into a deficit of QR18.5 billion ($5.1 billion) in the first quarter of its 2012/13 fiscal year, preliminary data from the central bank showed on Tuesday. The fiscal shortfall of the world' More… |
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US trade deficit narrowsThe US trade deficit narrowed in September as exports increased, suggesting global demand for US goods was holding up despite the debt crisis in Europe. Other data on Thursday showed a drop in n More… |
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Bahrain plans 6pc spending cut in 2013Bahrain's government plans to cut its budget spending by almost 6 per cent in 2013 as it seeks to curb its deficit, a draft budget released by the finance ministry shows. Budget expenditure in the non-Opec oil producer is expe More… |
