Tag: surplus

NC legislators end summer session without deal on billion-dollar surplus

RALEIGH, N.C. (QUEEN CITY NEWS) – The North Carolina legislative “short session” wrapped up the last week of June with several pieces of unfinished business. Lawmakers adjourned without deciding how to spend a billion-dollar surplus. The two chambers could not agree on a budget amendment, despite Republicans having a veto-proof majority in both houses. State […]

Turkey’s Budget Swings to Record Surplus as Fiscal Policy Shifts

(Bloomberg) — Turkey posted its biggest monthly budget surplus on record as the government shifts to repairing public finances to complement monetary policies geared toward bringing down inflation. Most Read from Bloomberg The central budget balance recorded a 219 billion-lira surplus ($6.7 billion) in May, the most in data that stretches back to 2006. It […]

IEA warns of 8M barrel per day oil surplus by 2030

The International Energy Agency (IEA) has raised concerns about a potential oversupply in the global oil market, warning that a surge in US-led production could outstrip demand by a staggering 8 million barrels per day by the year 2030. Yahoo Finance’s Ines Ferré breaks down the projection, shedding light on the factors contributing to this […]

Muscatine sends city surplus to auction

Heads up bargain hunters, Muscatine is holding a public surplus auction! The City of Muscatine and the Department of Public Works (DPW) are holding an online public surplus auction from May 20 to June 3. Items up for bid were declared surplus by the Muscatine City Council on May 16. All items will be available […]

Muscatine holds online surplus auction

The City of Muscatine and the Department of Public Works (DPW) will conduct an on-line public surplus auction May 20 through June 3. The items for bid contain a variety of items that were declared surplus by the Muscatine City Council. All items are available to bid on through the auction web site www.publicsurplus.com starting May 20, […]

Department of Finance expects €8.6bn budget surplus this year

The State is set to deliver a budget surplus this year of €8.6 billion, or 2.8 per cent of national income, in line with forecasts and allowing most excess cash to be invested in a new wealth fund, the Department of Finance said on Tuesday. The department estimated that inflation would average 2.1 per cent […]

Milei announces Argentina’s first budget surplus in 16 years

Javier Milei won elections last November vowing to reduce Argentina’s deficit to zero (Juan Mabromata) Argentina’s spending-slashing new President Javier Milei has hailed his country’s first quarterly budget surplus since 2008 as an “historic achievement.” In the first quarter of 2024, the South American country recorded a budget surplus of about 275 billion pesos (some […]

Lula’s Cabinet Spars Over How Lofty Its Budget Surplus Goal Should Be

(Bloomberg) — Brazil’s top economic officials are at odds over a closely-watched fiscal target just days before the government must finalize its 2025 budget outline, according to two people with knowledge of the situation. Most Read from Bloomberg The Finance Ministry, led by Fernando Haddad, wants to maintain its original aim for a primary fiscal […]