Tag: surplus

South Carolina Schools Could Reap Benefit of $152M Surplus Lottery Goof

This article was originally published in South Carolina Daily Gazette. COLUMBIA —South Carolina’s K-12 schools, technical colleges and hospitals that employ medical students would see the greatest windfall from $152 million in unspent lottery profits under a House budget proposal. The money, originally intended for college scholarships, came to light in December, when the inspector […]

How Illinois could spend some of its $1.6B budget surplus

While eyes in Springfield shift to crafting the next budget, the current fiscal year still has 3 1/2 months left. And, with higher than projected revenues, supplemental spending is now on the table. The Commission on Government Forecasting and Accountability announced revised numbers earlier this week, now seeing revenues grow to $52.6 billion in fiscal […]

Vietnam trade surplus may reignite US tensions if Trump returns, experts warn

By Francesco Guarascio HANOI (Reuters) – Vietnam’s large trade surplus with the United States may reignite tensions with Washington in the event of a second Trump presidency, analysts warned, as exports of solar panels and other sensitive electric products boom. Super Tuesday results last week confirmed the November U.S.-election is set to pitch incumbent Joe […]

Shapiro defends spending from surplus as Pa. GOP warns about structural deficit

Feb. 10—HARRISBURG — Gov. Josh Shapiro‘s ambitions for Pennsylvania in the upcoming fiscal year come at a cost, one the commonwealth can seemingly afford — at least in the short term. As to the long term, the outlook is rocky. Shapiro’s proposal requests $48.3 billion in general fund spending, the commonwealth’s primary operating account, and […]

Exchequer records €1.2bn surplus for 2023

Additional report by Reuters. An Exchequer surplus of €1.2 billion was recorded in 2023. The figure is a decline of €3.8 billion on the surplus recorded in 2022, with growth in tax revenue offset by several factors, including increased public expenditure as well as the transfer of €4 billion from the Exchequer to the National […]

This year’s Illinois budget surplus could be followed by a deficit

With Illinois lawmakers scheduled to return to legislative session in less than a month, a recent government fiscal forecast provides an overview of the budgeting landscape that awaits them. The bottom line from the five-year forecast from the Governor’s Office of Management and Budget: The current fiscal year is now projected to end with a […]