United States federal budget

Public expenditures will be monitored through an AI-powered software system that will issue early warnings regarding potential areas for fiscal savings, Treasury and Finance Minister Mehmet Şimşek has announced.

After 20:00 the roll call vote

The bill will be put to a roll-call vote tonight

The central government budget is likely to produce a less-than-expected deficit in 2023, Vice President Cevdet Yılmaz has said.

The budget performance will surprise on the upside, said Yılmaz, speaking at the parliament during the discussions on the 2024 budget.

The central government primary balance had a surplus of roughly 1.5 billion euros in the first half of 2023, up from a deficit of €3.8 billion in the same period in 2022, according to figures on the central government's net borrowing requirements on a cash basis, released by the Bank of Greece on Wednesday.

The new government begins its term with a budgetary cushion of almost 3.7 billion euros, as the definitive January-May budget execution data showed on Monday a primary a surplus of €2.3 billion, instead of a primary deficit of almost €1.4 billion euros the budget had targeted.

In the year 2000, the US government debt was $3.5 trillion, equal to 35% of the country's gross domestic product (GDP). By 2022, the debt was $24 trillion, equal to 95% of GDP. The US debt is soaring, hence America's current debt crisis. Yet both Republicans and Democrats are missing the solution: stopping America's wars of choice and slashing military outlays.

President Joe Biden, the Republicans and the U.S. economy were on a disastrous collision course yesterday after the White House made clear it will not negotiate over extending the nation's debt limit.

Treasury Secretary Janet Yellen warns that the government will run out of money and default on its debts as soon as June 1, if there is no authorization for more borrowing.

The next government will launch its economic program with an additional advantage from the 2022 fiscal balance.

"There is no risk of bankruptcy of the state, nor of the intervention of the International Monetary Fund and the need to take out new debt." This was stated on the National Television by the Acting Minister of Finance Rositsa Velkova. Her comment was on the occasion of the two scenarios of the long-term budget forecast leaked to the media yesterday.