Canada predicts historic deficit due to pandemic spending

Associated Press 07/09/2020

OTTAWA — The Canadian government is predicting a historic CDN$343 billion (US$254 billion) deficit for 2020-21 resulting from its economic and stimulus plans to battle COVID-19. The amount, included in a fiscal “snapshot” the Liberal government released…

POST PRANDIUM: Why do we have a large trade deficit?

Fernando Fajardo 03/24/2019

In most of the years since the last war, our imports exceeded our exports. What causes a trade deficit? What does it mean to the economy and to us? We can answer these questions this way. On…

Trade deficit widens in October as food imports surge

Inquirer.net 12/11/2018

THE trade deficit widened to a record $4.2 billion in October as the jump in imports, especially of food products, outpaced exports, the government reported Tuesday. This developed while the government eased importation procedures to ease high…

Trade deficit widens as imports increase

Inquirer.net 02/11/2018

A SUSTAINED double-digit jump in imports and a continued decline in merchandise exports widened the trade deficit to a record-high $4.02 billion in December. Preliminary data released by the Philippine Statistics Authority (PSA) Friday showed that the…

Hornets erase 21-point deficit to trample Suns

AP 02/05/2018

Phoenix— Nicolas Batum scored 22 points and the Charlotte Hornets rallied from a 21-point second-half deficit to beat the Phoenix Suns 115-110 on Sunday. Kemba Walker and Dwight Howard added 18 apiece for the Hornets, who staged…

UV IS 3-ON-3 KING

John Carlo Villaruel 11/11/2017

The University of the Visayas (UV) remained calm under tremendous pressure as they survived a late-game collapse by escaping the well-rested University of San Jose-Recoletos (USJ-R), 47-43 to take home the Philippine Collegiate Champions League (PCCL) 3×3…

Sherilin Plastics bucks 16-pt deficit to beat La Razo in MCBL tilt

JONAS PANERIO 07/18/2017

SHERILIN Plastics climbed all the way back from a 16-point deficit to stun La Razo, 72-71, in the Competitive Division of the Crossfit Subtero Metro Cebu Basketball League last weekend at the City Sports Club Cebu basketball…

Power deficit

Editorial 07/12/2017

There are few things in life other than an earthquake that can remind us not only of our mortality but the frailty of our systems that we take for granted, such as our water and power supply.…

Garganera hits cash aid withdrawal from Team Rama allies

Nestle L. Semilla 07/21/2016

FORMER Tinago barangay chairman and now Cebu City Councilor Joel Garganera accused Mayor Tomas Osmeña of politicking with his decision to stop giving cash assistance to barangay officials affiliated with Team Rama. “Why do we have to…

Cebu City Hall told to explain 2015 P6.2B deficit

Nestle L. Semilla 06/27/2016

THE Commission on Audit (COA) called on the Cebu City government to explain its deficit amounting to P6.2 billion that it incurred in its annual transactions last year. In last week’s exit conference, state auditors said the…

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