New French finance minister eyes 2025 deficit slightly above 5%
PARIS (Reuters) - France's delayed 2025 budget bill will target a deficit of "slightly above 5%" in order to protect growth, the country's new finance minister said in a newspaper interview.
France’s Bayrou wants deal to bring deficit to 5%
French Prime Minister Francois Bayrou says he aims to reach an agreement with parliament on a 2025 budget that would reduce the country’s deficit to close to 5%, near the level his predecessor unsuccessfully tried to reach.
Canada's deficit much larger than promised
OTTAWA, Dec. 16 (Xinhua) -- Canada's Liberal government's economic update was released Monday afternoon, revealing that the deficit was much larger than the target promised by the former finance minister who resigned hours earlier.
Fiscal deficit target doable
KUALA LUMPUR: Malaysia’a fiscal deficit target of 3% by 2026 “remains challenging but achievable,” according to Malaysian Rating Corp Bhd (MARC).
Hong Kong considers tax hike for top earners
Hong Kong’s government is exploring options to raise taxes on the city’s highest earners for a second straight year to plug shortfalls in its budget, according to people familiar with the matter.
Tighter supply deficits to support CPO prices in 1H25
PETALING JAYA: Tighter supply deficits for global edible oils will likely see crude palm oil (CPO) prices trading firm in the RM4,000-RM4,800 per tonne range for the first half of 2025 (1H25), according to analysts.
Israel's 12-month budget deficit shrinks for 1st time amid conflicts
JERUSALEM, Nov. 11 (Xinhua) -- Israel recorded a budget deficit of 11.2 billion shekels (about 3 billion U.S. dollars) for October, the Finance Ministry said on Monday.
Budget 2025 likely to be larger
The possibility of the government missing its 2025 fiscal deficit target cannot be ruled out.
Indonesia's 2024 budget deficit below forecast: Finance Minister
JAKARTA: Indonesian Finance Minister Sri Mulyani Indrawati said on Thursday (Jan 2) that the country's state budget deficit for 2024 was lower than the government's most recent forecast of 2.7 per cent of gross domestic product (GDP), reported Xinhua
Will Three Arrows hit the target?
Are we moving from a total war to three simultaneous wars – deficits, currency and energy?
BMI sees deficit below 4% in 2025
KUALA LUMPUR: BMI, a Fitch Solutions company, has maintained its forecast for the country’s federal government budget deficit to narrow from 5% of gross domestic product (GDP) in 2023 to 4.3% in 2024, and further to 3.9% in 2025.
Finland emerges recession, public deficit to persist: Finance Ministry
HELSINKI, Sept. 23 (Xinhua) -- Finland is emerging from recession, but the public economy is expected to remain in persistent deficit, according to the latest forecast of the Finnish Ministry of Finance on Monday.
Finland emerges from recession, public deficit to persist: Finance Ministry
HELSINKI, Sept. 23 (Xinhua) -- Finland is emerging from recession, but the public economy is expected to remain in persistent deficit, according to the latest forecast of the Finnish Ministry of Finance on Monday.
Malaysia’s growth set to surpass 5% this year, minister says
Malaysia’s growth is set to sustain last year’s pace and exceed 5% in 2025, as strong foreign direct investments and support from local funds shield the economy from any global risks, Second Finance Minister Datuk Seri Amir Hamzah Azizan said.
Fiscal deficit target requires fuel subsidy removal or reduction with 4% GST- RHB IB
KUALA LUMPUR: A complete removal of fuel subsidy or, alternatively, a combination of at least a goods and services tax (GST) rate of four per cent and 90 per cent reduction in fuel subsidy is necessary to achieve a fiscal deficit target of three per cent of gross domestic product (GDP), RHB Investment Bank Bhd said.
Lower fiscal deficit may worsen debt position
PETALING JAYA: Despite the government’s target for a narrower fiscal deficit of 4.3% of gross domestic product (GDP) under Budget 2024, its debt position may worsen.
Indonesia's budget tips into deficit in October, on track for full year target
Indonesia's state budget tipped into 0.7 trillion rupiah (US$45.19 million) deficit for the January-October period, having shown 67.7 trillion rupiah surplus in the first nine months, and was on course to meet its full year deficit target, the finance minister said on Friday.
Cambodia targets US$7.26bil in revenue for 2025 amid tax relief measures
PHNOM PENH: The Cambodian government has set a national revenue target of 29.05 trillion riel (approximately US$7.26 billion) for 2025 to support various expenditures, including public investments aimed at maintaining social stability and promoting economic growth. This target marks a 2.84% decrease from the revenue outlined in the 2024 Budget Law (BL).
Asean News Headlines at 10pm on Monday (Jan 6, 2025)
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Friday (Jan 3, 2025)
Fewer govt bonds likely next year
As the government looks to reduce its new annual borrowings, there will be a “less heavy” issuance of Malaysian Government Securities (MGS) and Government Investment Issue (GII) next year.