$9-billion surplus puts tax cuts on gov&#39;t agenda
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OTTAWA -- Finance Minister Ralph Goodale says he&#39;s looking at another round of tax cuts after revealing the federal government posted a $9.
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Parliament ordered Friday Minister of Finance Milen Velchev to explain why and how the government budget has posted an unprecedented surplus of nearly leva (BGN) 1 billion this year.
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The budget that President Bush will submit to Congress today shows the federal deficit falling in each of the next four years and would produce a $61 billion surplus in 2012, administration officials said. But to get there, Bush is counting on strong economic growth, diminishing costs in the Iraq...
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Brazilian government released federal budget figures Friday showing an unprecedented primary budget surplus of 10.9 billion reals (&#36;3.8 billion) in August, putting Brazil well ahead of performance targets set in a loan agreement with the International Monetary Fund.
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WASHINGTON - The Congressional Budget Office projected Tuesday that this election-year's federal deficit will hit a record $422 billion, a shortfall that would be smaller than analysts predicted earlier this year.    The figure immediately provided political fodder for both parties now in the final two-month stretch of the presidential and congressional campaigns...
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China posted a record trade surplus of  $26.9 billion in June as exporters rushed out shipments ahead  of cuts in export tax rebates, handing further ammunition to  critics of Beijing&#39;s exchange rate regime.
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Prime Minister Paul Martin says Canadians won&#39;t get a tax cut until he makes good on his election promises, even if the feds are swimming in a whopping $8.9-billion surplus this year.
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Congress approved a $145.9-billion package of tax relief Thursday that extends three popular middle-class tax cuts, giving President George W. Bush his fourth major tax victory since taking office.
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REGINA (CP) - Windfall oil and natural gas revenues and federal transfers will help Saskatchewan post a healthy surplus despite millions of dollars in new program spending.
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WASHINGTON -- The deficit for the first five months of the budget year is down sharply from a year ago as the growth in government tax collections continues to outpace growth in spending.
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President Bush today unveiled a tough-minded, $3 trillion budget proposal for fiscal 2009 that would slice $14.2 billion from the growth of federal health-care programs, eliminate scores of programs and virtually freeze domestic spending -- but would still record a $407 billion budget deficit.
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OTTAWA - Canada is on track to post a budget surplus of $5.9 billion when the federal government&#39;s current fiscal year ends in March, Finance Minister Ralph Goodale said Tuesday.
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By Andrew Balls, James Harding and Christopher Swann in Washington. US business has little appetite for fundamental tax reform, seeing deficit reduction and government entitlement programmes as priorities for President George W Bush&#39;s second-term agenda.
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CANBERRA : Booming tax revenue has given Australia a bumper budget surplus but the economic growth forecast has eased by half a percentage point to a still strong three percent, Treasurer Peter Costello said.
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Ottawa is sitting on a surplus worth billions of dollars and can afford to pick up the cost of a national drug program, provincial finance ministers said yesterday.
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WASHINGTON - Legislation to extend several popular middle class tax cuts cleared a House-Senate conference and could be on President Bush's desk within days, handing him a major legislative victory in the closing weeks of the presidential campaign.    The $145.9 billion package marked the fourth significant tax cut package that the president has championed since taking office...
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The District government has achieved a budget surplus of more than $300 million for the third year in a row, thanks to higher-than-expected revenues and lower-than-expected spending last year, city officials announced this morning.