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AFP | An employee of the French car maker Renault group takes a picture during the inauguration of a new production plant in Algeria on November 10, 2014
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A money changer counts Turkish lira bills at a currency
exchange office in Istanbul January 24, 2014. REUTERS/Murad Sezer
Turkey’s Budget Deficit Hits $7 Billion in H1
Ankara- Turkey ran a budget deficit of 25.2 billion Turkish Liras (about $7 billion) during the first half of this year, in addition to $3.3 billion that were pumped by the government to stimulate the economy. The budget deficit in June stood at 13.7 billion liras...Caption:
U.S. Federal Reserve Chairwoman Janet Yellen/Reuters
Federal Reserve Chairwoman: U.S. Commercial Budget Deficit Exceeds USD500 Billion
Washington- The Federal Reserve Chairwoman Janet Yellen on Tuesday left open the possibility of an interest-rate increase in 2017. She affirmed that the Fed is addressing some fiscal policies to tackle the budget deficit in the United States. In her semi-annual...Caption:
A man walks past a bread stand at a street corner in central Cairo, on April 11, 2013. (Reuters/Asmaa Waguih)
Egyptian cabinet cuts deficit in revised budget plan—spokesman
Cairo, Reuters—Egypt’s cabinet has submitted a revised budget for the new fiscal year which starts on Tuesday, proposing a narrower deficit after President Abdel-Fattah El-Sisi rejected a previous draft because spending was too high, Finance Ministry spokesman...Caption:
Egyptian army armoured personnel carriers (APC) are stationed outside the Kingdom of Saudi Arabia embasy on August 19, 2013 in Cairo. (AFP PHOTO/GIANLUIGI GUERCIA)