Deficits articles
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Agri trade deficit narrows in 2023
TRADE in agricultural goods posted a deficit of $11.49 billion last year as both imports and exports fell, data from the Philippine Statistics Authority (PSA) showed.In a report, the PSA said this represents a 2.6-percent dip from the $11.8 billion posted in 2022. In 2022 and 2021, the total balance of trade registered annual increments of 32.8 percent and 39.4 percent, respectivelyLast year, the country's agricultural trade decreased by 9.2 percent to $24.34 billion, a reversal from 2022's 19...
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Burlington Budget Deficit Balloons to $13.1 Million
For months, Burlington officials have forecasted a $9 million deficit heading into the next fiscal year. On Thursday, that number grew to $13.1 million. Mayor Emma Mulvaney-Stanak delivered the bad news at a press conference Thursday at city hall, where she was flanked by department heads. Higher-than-anticipated insurance costs and a calculation error are to blame for the $4 million difference, she said. The spending squeeze is the first major challenge for the newly elected mayor and...
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Romania: Among EU Countries with Highest Deficit, Debt Growth in 2023
Romania recorded a budget deficit of 6.6% of GDP last year, according to Eurostat data, being 0.3 percentage points higher compared to 2022. If we refer to the national methodology, it amounted to 5.68%, in while in 2022 it was 5.76%. According to Eurostat, ahead of us were Italy with 7.4% and Hungary with 6.7%. […]