Latest news with #fiscal
Reuters
4 days ago
- Business
- Reuters
Brazil's central government posts higher-than-expected primary surplus in April
SAO PAULO, May 29 (Reuters) - Brazil's central government recorded a primary budget surplus of 17.8 billion reais ($3.1 billion) in April, Treasury data showed on Thursday, above the 15.9-billion-real surplus projected by economists polled by Reuters. The figure represents an increase from the 11.6-billion-real surplus in the same period of last year, driven by higher tax collection, as well as a jump in revenues coming from dividends and the exploration of natural resources, specially oil. Year-to-date, the central government primary surplus reached 72.4 billion reais, more than double the 31.8-billion-real surplus posted a year earlier. The improvement has been helped by a favorable base effect, as the government chose to push a hefty bill for court-ordered payments to the second half of the year, whereas those payments were made in the first half in 2024. In the 12-month period, the primary deficit stood at 5.3 billion reais, or 0.02% of gross domestic product (GDP). Speaking at a press conference, Treasury Secretary Rogerio Ceron said the central government will probably post a 12-month primary surplus in May. The government targets a zero primary deficit this year, with a tolerance margin of 0.25% of GDP, meaning it can record a deficit of up to 31 billion reais and still comply with fiscal rules. ($1 = 5.6574 reais)
Bloomberg
4 days ago
- Business
- Bloomberg
Economists Are Ever More Gloomy About Colombia's Fiscal Outlook
Colombian economists are increasingly gloomy about the nation's fiscal outlook, with some predicting the biggest deficit since the pandemic this year. In recent weeks, analysts surveyed by Bloomberg have steadily lifted their 2025 deficit forecasts as tax revenues lagged expectations. At the same time, the government of President Gustavo Petro has declined to rein in spending on the scale needed, leading a Finance Minister to quit in March.
Yahoo
7 days ago
- Business
- Yahoo
ATS to Receive US$135 Million in Settlement With EV Customer
ATS ( an automation solutions provider, over the weekend said that in the fiscal first quart Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
RNZ News
07-05-2025
- Politics
- RNZ News
Oral Questions for Wednesday 7 May 2025
Questions to Ministers NANCY LU to the Minister of Finance: What are the Government's fiscal intentions and objectives? Rt Hon CHRIS HIPKINS to the Prime Minister: Does he stand by all his Government's statements and actions? DAN BIDOIS to the Minister of Transport: What announcements has he made regarding rapid transit in Auckland? Hon CARMEL SEPULONI to the Minister for Women: Does she agree with the statement on the Ministry for Women website that "The majority (80%) of the gender pay gap is driven by harder to measure factors like conscious and unconscious bias and differences in choices and behaviours"; if so, how has this shaped her advocacy? CARL BATES to the Minister of Justice: How is the Government progressing with its plan to restore law and order? Hon MARAMA DAVIDSON to the Prime Minister: E tautoko ana ia i nga korero me nga mahi katoa a tona Kawanatanga? Does he stand by all of his Government's statements and actions? Hon BARBARA EDMONDS to the Minister of Finance: Does she agree with Associate Finance Minister David Seymour that "I actually think that Brooke van Velden has saved the taxpayer billions. She's saved the Budget for the Government"; if so, what are the savings from the changes to pay equity? Dr VANESSA WEENINK to the Minister for Mental Health: What recent announcement has he made about supporting Women's Refuge through the Mental Health and Addiction Innovation Fund? CHLÖE SWARBRICK to the Prime Minister: E tautoko ana ia i nga korero me nga mahi katoa a tona Kawanatanga? Does he stand by all of his Government's statements and actions? Hon JAN TINETTI to the Minister for Workplace Relations and Safety: Does she agree with Thomas Coughlan of the New Zealand Herald, who said about her changes to pay equity legislation that "It is deeply wrong that Parliament can take away that work in a matter of hours"; if not, why not? MARIAMENO KAPA-KINGI to the Minister for Children: Does she stand by her statement that "increased reporting also shows that people feel like they can report their concerns to Oranga Tamariki or other government agencies and that these reports are being captured and actioned"? TANYA UNKOVICH to the Minister for Regional Development: What reports has he seen on regional development in Northland? To embed this content on your own webpage, cut and paste the following: See terms of use.
Reuters
06-05-2025
- Business
- Reuters
Chipmaker Marvell postpones investor day citing macroeconomic uncertainty; narrows revenue forecast
May 6 (Reuters) - Networking and custom AI chipmaker Marvell Technology (MRVL.O), opens new tab said on Tuesday it is postponing a previously scheduled investor day conference, citing a "dynamic macroeconomic environment," as global trade tensions generate economic uncertainty. The company also narrowed its forecast range for the first quarter of fiscal 2026, but maintained the midpoint of its outlook. here. Net revenue is now expected to be approximately $1.875 billion, within a range of plus or minus 2%, compared to the prior range of plus or minus 5%.
