The United States budget deficit grew to a record $864 billion in June as the federal government continued pumping money into the economy to prop up workers and businesses affected by the coronavirus pandemic, the Treasury Department said on Monday .
The monthly deficit was the largest since April, when it hit a record gap of $738 billion. For the fiscal year to date, the government is generating red ink at a record clip. So far in fiscal 2020, the deficit is $1.99 trillion, a 267 percent increase from 2019.
Quite a lot has been going on:
Coronavirus Spending Pushes U.S. Budget Deficit to $3 Trillion for 12 Months Through June - WSJ
Kuwait Shrinks Oil Budget by 25% - Other Media news - Tasnim News Agency
Local media quoted a company statement as saying on Monday that the decision was made "in response to directives from the Kuwaiti Council of Ministers," adding that the move would not affect its "strategic objectives in the medium term".
"The company has taken other actions to rationalize its operational budget for the fiscal year 2020-21 through reducing it by nearly 18 percent to ensure the stability of state public finances," the statement pointed out, according to the Middle East Monitor.
EU budget plan falls far short on climate goals, researchers say | News | 1330 & 101.5 WHBL
BRUSSELS (Reuters) - A European Commission proposal for the European Union's long-term budget and recovery fund risks leaving a huge shortfall in the "green" investment needed to meet Europe's climate goals, researchers said on Tuesday.
With the coronavirus pandemic plunging the EU into a deep recession, leaders from its 27 countries will meet in Brussels on Friday to attempt to agree the bloc's budget for 2021-27 and an economic stimulus fund.
The EU Commission has proposed a 1.85 trillion euro ($2.10 trillion) package, which it says will drive a recovery in Europe's virus-hit economies based on "green" industries and technologies that help to reduce emissions of the greenhouse gases fuelling climate change.
Many things are taking place:
Boutique British Audio Cable Maker Upgrades Hugely Popular Budget Clearway Speaker Wire
The new Chord ClearwayX speaker cable has been upgraded with improved insulation and is an ... [+] affordable way of getting more from your Hi-Fi setup.
Chord Company is a British audio cable manufacturer with a reputation for making high-quality speaker and audio cables. The company's Clearway speaker cable has received many accolades and awards over the years, and now Clearway it's been upgraded with exclusive and new XLPE insulation technology.
Naftogaz paid UAH 121.4B to state budget in 2019 – annual report
"In 2019, Naftogaz Group again was the biggest source of revenue to the state budget. The group paid UAH 121.4 billion of taxes and dividends to the state and local budgets, which equalled about 16% of revenues," reads the report posted on the company’s website.
In 2019, Naftogaz generated the largest profit among state-owned companies in Ukraine - UAH 50.6 billion. Of this amount, 95% was transferred to the state budget as dividends.
City budget OKed for publication - GREAT BEND
With the good news that the COVID-19 pandemic wreaked less havoc on the City of Great Bend financial picture than anticipated, the City Council Monday night authorized publication of the 2021 budget.
In short, the budget authority for the upcoming fiscal year that begins Jan. 1, 2021, totals $26,758,000, down about $420,000 from the previous year. This is funded by a mill levy that basically unchanged from 2020 (it fell a tick from 53.868 to 53.857).
Marketing Firm Truly Launches Phlywheel For Smaller Budget-Constrained Businesses 07/14/2020
With ever-tightening marketing budgets in the aftermath of COVID-19, strategic marketing shop Truly is introducing a new entity titled Phlywheel designed to help startups and small and medium-sized businesses who need the creative and analytical expertise of an agency, but don’t have the budgets they demand.
It’s providing three types of monthly membership options: Spark ($19.99), Catalyst ($39.99), Superconductor ($149.99).
“We like to call it agency expertise at cup-of-coffee prices,” says Tara Hunt, CEO/founder, Phlywheel. She adds she is driven by the "teach a man to fish" model, rather than “fish for them.”
Happening on Twitter
The U.S. budget deficit grew to a record $864 billion for June as the federal government pumped huge sums of money… https://t.co/HytWJY0jfZ nytimes (from New York City) Tue Jul 14 04:00:12 +0000 2020
The federal budget deficit in June ballooned to $864 billion as the government tried to cushion the blow from the p… https://t.co/cJlNBBoDn5 NPR Mon Jul 13 23:31:08 +0000 2020
U.S. budget deficit shattered one-month record in June, as spending outpaced revenue by $864 billion https://t.co/MbJMlqjNBx washingtonpost (from Washington, DC) Mon Jul 13 18:00:29 +0000 2020
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