Philippines budget deficit likely below ceiling
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MANILA - Improved revenue flows and increased electricity tariffs are likely to help the Philippines keep well within the 2004 budget and consolidated public sector deficit targets, officials said.
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MANILA : The Philippines will lose out on some 3,000 jobs in Iraq unless it lifts a ban on its nationals working there, a recruitment agency said amid protests by Filipinos desperate to work in the troubled country.
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The US budget deficit will balloon to a cumulative $2.29 trillion over the next decade, congressional analysts said on Tuesday, a worse outlook than previously
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FOR THE first time, President Gloria Macapagal-Arroyo acknowledged yesterday that the country was in a fiscal crisis, a move meant to rally the public behind her tax reform and cost-cutting measures to avert an Argentina-like financial meltdown in the
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The U.S. budget deficit will hit  $368 billion this year even before war costs are added, the  Congressional Budget Office said on Tuesday, and analysts said  the number shows it would be hard for President Bush to keep  his promise of halving the gap in five years.
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The White House will estimate on Wednesday that the U.S. budget deficit for fiscal year 2007 will come in at $205 billion, a drop from last year, U.S. administration officials said.
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President Arroyo has asked her economic managers to lay the groundwork for the declaration of an âunsustainable public deficitâ which will allow the national government
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President Gloria Macapagal Arroyo said Monday that she is studying the feasibility of declaring a state of economic crisis to ease pressure on public finances.
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âOur advice is rather than having a straight line reduction [of debts], [the Philippine government should] try to achieve it earlier.
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SCHEVENINGEN - The French public deficit is expected to come to 3.6% of output this year and around 3% or slightly less in 2005, Finance Minister Nicholas Sarkozy predicted.
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The federal deficit will swell to a record &#36;422 billion this election year but fall short of even more dire forecasts, Congress' top budget analysts projected Tuesday in a report that became instant fodder for both political parties.
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Philippines peace talks are slowly moving forward, but recent sectarian fighting worries analysts.
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MANILA : Philippine President Gloria Arroyo vowed the country will never default on its debt repayments, as she found herself embroiled in a public row with key economic advisers following her declaration that Manila was in a &quot;fiscal crisis&quot;.
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President Arroyo acknowledged for the first time yesterday that the Philippines is in a &quot;fiscal crisis&quot; and urged the public to prepare for &quot;pain,&quot; as economists warned of debt default within three years.
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Even though the Congressional Budget Office&#39;s (CBO) September baseline forecast reduced its projection of the 2004 federal budget deficit by more than $50 billion, it offered little hope that substantive progress would be achieved on the fiscal front any
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The federal budget deficit will balloon to $2.29 trillion over the next decade, a worse outlook than previously forecast according to a new report by congressional analysts, a congressional source with knowledge of the numbers said
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The Philippine presidential palace vowed Tuesday there would be no default on debt payments although President Gloria Macapagal-Arroyo admitted the country was in the midst of a &quot;fiscal crisis.