The New Zealand government is divesting its interests in private companies in order to curb costs and trim debt.
Tags: Budget deficit
U.S. Government Reported a $193 Billion Budget Deficit in February
Treasure Department published monthly budget report on Thursday. This year a 0.1% increase is reported from last year. This full-year's deficit is forecasted to be much higher than 2015.
Russia takes a look at global oil production cuts
Russia says there's proposal from OPEC on production cuts and it's open to have a word on oil production cuts. Russia is a non-OPEC oil producing nation. Russian oil minister said that the proposal envisages five percent cut in the oil production to support falling oil price. However, there's no clarity over the proposal whether it was from OPEC or non-OPEC members.
Budget deficit rises to $53 billion in March
The United States ended the month of March with a budget deficit of $53 billion, up 43 percent from the same period last year, the U.S. Treasury Department said on Monday.
China to curb risks from short-term local debt: vice finance minister
China will take steps to rein in possible risks from short-term local government bonds, including converting such bonds into long-term debt, the country's vice finance minister, Zhu Guangyao, said on Saturday.
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The government is seeking venture capital financing for growth without affecting its bottom line. Finland is maximizing venture capital financing as a means to spark the economy out of the doldrums without affecting its current AAA ratings.
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