French budget to control deficit
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French finance minister Nicolas Sarkozy unveils a budget promising to bring the deficit under control.
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President George W. Bush will estimate 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 on Wednesday.
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France has unveiled a budget for 2005 which should bring its deficit back under European Union (EU) limits for the first time in four years.
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Reply by M. Jean-Pierre Raffarin, Prime Minister, to a question in the National Assembly.
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For the third time in a month, an analysis of state finances is warning that budget deficits and spending cuts are on the way.
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France will meet its European budget commitments in 2005, bringing its deficit under the 3 percent EU limit for the first time in four years, Finance Minister Nicolas Sarkozy said Wednesday, touting the extent of the slash as unprecedented.
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Italy&#39;s lower house of parliament will hold a confidence vote today on Prime Minister Silvio Berlusconi&#39;s 2005 budget plan, which includes tax cuts and 24 billion euros ($32.7 billion) in deficit-reduction measures.
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France's president is heading for a showdown with European finance ministers over its budget deficit.
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French Finance Minister Nicolas Sarkozy is due to be made head of President Chirac's governing party.
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France will meet its European budget commitments in 2005, bringing its deficit under the 3 percent of the EU limit for the first time in four years, President Jacques Chirac said Wednesday.
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Prime Minister Jean-Pierre Raffarin said that France's budget deficit would be reined in next year to below three percent of output, in an interview with the French newspaper Le Figaro to be published Friday.
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Germany's finance minister presented a 2005 budget Tuesday that boosts government spending and foresees record interest payments on the national debt, but still aims to get the country back under European Union deficit limits.
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Next month, the White House and its congressional allies will be taking victory laps when the deficit for fiscal 2006 is announced. The stated deficit for the year, which ends Sept. 30, will be $260 billion or so. That will be down $58 billion from 2005 and a whopping $77 billion below what the...
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Chancellor Gerhard Schroeder's Cabinet approved budget guidelines for 2005 on Wednesday that would see Germany's deficit below the European Union limit for the first time in four years.
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France and Germany&#39;s bruising dispute with Brussels over their big budget deficits is expected to be suspended next week after both countries claimed they would comply with EU rules in 2005.
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The presidentâs budget, which foresees near-record deficits just ahead, is sure to meet resistance in the Democratic Congress.
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President Bush said Monday he will submit a federal budget that will cut the deficit in half in five years and maintain strict spending discipline.