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The European Commission has said Germany, Hungary and Bulgaria have done enough to reduce their deficits below the EU's 3% of GDP deficit limit and has recommended they be lifted [...]

The US congressional committee charged with finding $1.5 trillion in deficit reductions has failed to reach an agreement by its pre-Thanksgiving deadline. The failure of the bipartisan 'Super Committee' - [...]

The European Commission has stepped up pressure on the governments in Vilnius and Bucharest to slash spending next year in line with EU recommendations. Under a six-monthly review of progress [...]

The global economic crisis is forcing the Russian government to look at new ways of plugging its budget deficit, including the possibility of increasing the tax burden on oil and [...]

According to 'Financial Express', an internal taskforce in the finance ministry has developed a plan for finance minister P Chidambaram on operationalising the government's Parliamentary responsibility on fiscal prudence. The [...]

According to Al-Yaum newspaper (June 16, 2004), the Bahraini Minister of Treasury and Economy, Mr. Abdullah Seif, announced that the general budget of the Kingdom of Bahrain recorded a BD [...]

Colombia's budget deficit will probably shrink to 2.4 percent of gross domestic product next year, less than the deficit target for 2004, as the government pares spending, Finance Minister Alberto [...]

The Yemen News Agency quoted Deputy Prime Minister Ahmad Sufan, who is also Infrastructure and International Cooperation Minister, who said in February 2004 that the government intends to solve the [...]

In the case of the seven countries in question, the required adjustment is essentially focused on an annual reduction of at least 0.5% in the structural deficit (the one not [...]