Bulgaria delays eurozone application as deficit soars

(SOFIA ) – Bulgaria’s public deficit for 2009 will be way above expectations and accordingly the country would not be able to apply for euro membership this year, Finance Minister Simeon Djankov said Friday.

Federal budget deficit rises to $39.4-billion

Canada’s deficit for the fiscal year has reached $39.4 billion, government figures say, highlighting a difficult position for Finance Minister Jim Flaherty as he prepares the March 4 budget.

NHS North Yorkshire and York predicts £8 million deficit

FINANCE chiefs at North Yorkshire’s cash-strapped health trust say they are expecting to be £8 million in the red by the end of the financial year in April.

Federal deficit hits $36 billion eight months into fiscal year

Ottawa’s budgetary deficit ballooned to more than $36 billion two-thirds of the way into the fiscal year as the recession and its aftermath took a heavy toll on spending and revenue, the federal Finance Department said Friday.