Latest news with #budgetgap
Bloomberg
6 days ago
- Business
- Bloomberg
CBO Tariff Math Misses Point: Sen. Welch on US Budget
Senator Peter Welch (D) Vermont talks about the Congressional Budget Office projecting President Trump's tariffs will cut the budget gap by $2.8 trillion and discusses why he disagrees with the CBO stating American businesses and consumers will have to pay more. He also talks about whether or not he would get rid of the debt ceiling. Senator Welch speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Bloomberg
15-04-2025
- Business
- Bloomberg
Mauritius' Revised Fiscal Gap, Debt Shows Deep Budget Hole
The new administration in Mauritius has revised its estimate of the budget-financing gap for a second time, sending the ratio close to three times the initial estimate. The Finance Ministry now sees the fiscal deficit at more than 9% of gross domestic product for the year that ends in June. That compares with 6.7% of GDP forecast in December and 3.4% in a budget prepared by the previous government.
Bloomberg
14-03-2025
- Business
- Bloomberg
Romania's Credit Rating Outlook Cut by Moody's on Budget Risks
Moody's Ratings lowered Romania's credit score outlook, raising the risk it could be cut to junk as political turmoil hinders efforts to narrow the budget gap before a presidential election re-run. Moody's cut the outlook on Romania's Baa3 score, the lowest investment-grade level, to negative from stable, the credit assessor said in a statement Friday, while affirming the rating. The move comes after S&P Global Ratings and Fitch Ratings took similar decisions in January and December, respectively.
