Finance News – Budget Deficit
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Ratepayers slugged with new health levy as ACT budget deficit balloons
To address the growing budget shortfall, residents in Canberra will face an additional health-related charge aimed at increasing government revenue and supporting public services f...
Read Full Article →Elon Musk says Trump tax bill weakens Doge cost-cutting efforts
Elon Musk indicated that recent US government spending could hinder efforts to reduce expenses, potentially increasing the national budget deficit and impacting financial strategie...
Read Full Article →Ray Dalio says the risk to U.S. Treasurys is even greater than what Moody's is saying
Ray Dalio highlights increased concerns over U.S. government debt, emphasizing potential challenges in the bond market following a recent downgrade based on rising fiscal deficits...
Read Full Article →US credit rating downgrade could add to pressure on government debt
The recent downgrade of the US government’s credit status by a major agency reflects growing concerns over fiscal imbalances, potentially increasing borrowing costs and affecting i...
Read Full Article →Tariff receipts topped $16 billion in April, a record that helped cut the budget deficit
Customs duties collected in April reached $16.3 billion, significantly higher than the previous month, contributing to a reduction in the overall budget shortfall for the period.
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