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MANILA, March 2 (Reuters) – The Philippines expects the budget deficit limited to 132.1 billion pesos ( 2.69 billion), or 1.5 percent of gross domestic product next year from 2.2 percent this year, the Finance Department said on Monday. The Southeast Asian economy expected to grow 4.9 to 5.8 percent in 2010, faster than a forecast of 3.7 to 4.4 percent this year, Finance …
March 2 (Bloomberg) – Italys budget deficit rose last year as the economy the most in more than 30 years. The deficit rose to 2.7 percent of gross domestic product, the Treaty of Rome-based national statistics office Istat said today.
INO News
(AP: Moscow) Russia Ministry of Finance on Monday predicted the national economy will increase by 2 to 3 percent in 2010, after a fall this year. Government officials previously have said the economy likely shed 2.2 percent this year and Russia is facing its first deficit in several years.
Reuters via Yahoo! News
President Barack Obama targets for reducing the budget deficit still within reach, a top aide said on Sunday, despite an alarmingly steep U.S. economic downturn that could throw off revenue collections.

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