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Gulf Independent - deficit
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US trade deficit widens in May on higher oil prices ECONOMY

US trade deficit widens in May on higher oil prices

Trade deficit rises to $41.1bn in May; goods exports fall 0.2%, imports rise 1.9%

4:45 AM November 25 2016
Qatar's first current account deficit since 1998 'poses little risk' ECONOMY

Qatar's first current account deficit since 1998 'poses little risk'

Qatar will post its “first current account deficit” in almost two decades this year, as hydrocarbon prices remain depressed, shows a new report by BMI Research, a Fitch Group Company.

4:45 AM November 25 2016
Oman studying 7-8% cut in electricity subsidies ASIA

Oman studying 7-8% cut in electricity subsidies

Oman's cabinet is considering changing electricity tariffs to save the government money which it spends on subsidies, a senior official said.

4:45 AM November 25 2016
India unveils budget to help rural poor, rein in deficit INTERNATIONAL

India unveils budget to help rural poor, rein in deficit

India has unveiled a budget for the poor, announcing new rural aid schemes and skimping on a bank bailout, in a strategy shift that seeks to boost Prime Minister Narendra Modi's ruling party in coming state elections.

4:45 AM November 25 2016
India signals possible deficit revisions in upcoming budget INTERNATIONAL

India signals possible deficit revisions in upcoming budget

India should review its mid-term fiscal strategy, a government report urged, in a possible indication that Finance Minister Arun Jaitley may have to borrow more to raise pay for government employees and bail out banks.

4:45 AM November 25 2016
Sri Lanka requests IMF bailout to tackle budget deficit INTERNATIONAL

Sri Lanka requests IMF bailout to tackle budget deficit

Sri Lanka has made a formal request for an IMF bailout package to aid its struggling economy after a sharp slowdown in growth and with its budget deficit widening, officials said Saturday.

4:45 AM November 25 2016
Oman cuts 2016 spending, faces $8.6bn deficit ASIA

Oman cuts 2016 spending, faces $8.6bn deficit

Oman will cut spending this year by 15.6% in the face of lower oil prices but still faces a huge deficit after posting one in 2015.

4:45 AM November 25 2016