On December 31st, Han Wenxiu, deputy director of the Central Finance Office in charge of daily work, pointed out in an article in the People's Daily that in 2025, it is necessary to maintain stable economic growth, maintain overall stability in employment and prices, maintain a basic balance of international payments, and promote the growth of residents' income and economic growth. Implement a more active fiscal policy. Make overall arrangements for various fiscal funds such as revenue and bonds...
On December 24th, the National Financial Work Conference was held in Beijing. The meeting pointed out that in 2025, we should implement a more active fiscal policy, continue to work hard and be more awesome, and play a good policy "combination fist". First, increase the fiscal deficit rate, increase the intensity of expenditure, and speed up the progress of expenditure. Second, arrange larger-scale government bonds to provide more support for stabilizing growth and adjusting the structure. Third...
On December 13, Wang Qing, chief macro analyst of Dongfang Jincheng, said that the counter-cyclical adjustment of fiscal policy is "extraordinary", which may be mainly reflected in a relatively large increase in the deficit rate. It is expected that the deficit rate will be raised from 3% this year to about 4% next year (increasing the fiscal spending capacity equivalent to 1.30 trillion). Under the more active fiscal policy, it is expected that the national general public budget expenditure wil...
On December 12th, according to CCTV news broadcast, from December 11th to 12th, the Central Economic Work Conference was held in Beijing. The meeting said in the deployment of next year's fiscal policy, to implement a more active fiscal policy, increase the fiscal deficit rate, increase the issuance of ultra-long-term special government bonds, increase the issuance and use of local government special project bonds, optimize the structure of fiscal expenditure, and firmly grasp the bottom line of...
Mitchell Askew, principal analyst at mining firm Blockware, said that deficit spending and lower interest rates are driving higher global liquidity, while investors are concerned about a prolonged period of high inflation, as evidenced by the poor performance of government bonds since the September interest rate cut. As a result, investors are turning to the bitcoin market, while bitcoin mining stocks are trading in a "beta" state. Askew added that some bitcoin miners are also benefiting from di...
The continued strength of the US economy and concerns about a widening fiscal deficit have reduced bets on rapid policy easing.
The Federal Reserve's Kashkari said that the increase in the U.S. budget deficit means that marginal interest rates will rise.
The U.S. fiscal year 2024 budget deficit hit $1.83 trillion, the third-highest on record and a record high outside of the COVID-19 pandemic year.
The U.S. fiscal year 2024 budget deficit reached $1.83 trillion, the third highest on record.
On October 12, Minister of Finance Lan Foan said at a press conference of the State Council Information Office on October 12 that the counter-cyclical adjustment is not limited to four points, and other policy tools are being studied, and there is still a large room for the central government to increase the deficit.
On September 19th, the price of gold rebounded on Thursday. Alex Ebkarian, chief operating officer of Allegiance Gold, said: The market is considering deeper and more interest rate cuts because the United States has fiscal and trade deficits, which will further weaken the overall value of the dollar. If you combine geopolitical risks with the current deficit in the United States, the low yield environment, and the weakening of the dollar, all of these factors combined are what are causing gold t...
With one month left in the financial year, the U.S. federal budget deficit soared in August as rising interest costs continued to weigh on the overall balance of payments. Data released by the US Treasury on Thursday showed the deficit reached $1.90 trillion in the 11 months to August, a 24% increase from a year earlier. The monthly deficit in August was $380 billion, compared with a surplus adjusted for calendar differences in August 2023. A large part of the monthly difference is due to the de...
Gaza ceasefire talks have made progress, and gold is close to the $2,300 mark! The United States recorded its largest trade deficit since April last year in March, and data suggest that the Bank of Japan may intervene again... What major events have happened around the world last night and this morning?
The United States recorded a 69.40 billion dollar trade deficit in March, the largest since April 2023.
The United States recorded a trade deficit of -68.9 billion US dollars in February, the largest deficit since April 2023.