Changes in yearly federal tax receipts

October 9th, 2009 California controller warns of bigger deficitSACRAMENTO, Calif. — California's state controller is warning that disappointing tax receipts will push the state into a bigger budget deficit than expected.

September 18th, 2009 Potash Corp. lowers 3Q, '09 profit estimatesSASKATOON, Canada — Potash Corporation of Saskatchewan Inc., a Canadian fertilizer seller, said Friday that its third-quarter and 2009 yearly profit would be lower than it had predicted earlier.

September 3rd, 2009 ABU DHABI - United Arab Emirates foreign trade crossed $84 billion in the first half of 2009, WAM news agency reported Thursday. The imports during the period stood at $58 billion while the total value of non-oil exports was $8 billion.

August 17th, 2009 New AIG CEO to receive $7 million annual salaryNEW YORK — American International Group Inc.'s new CEO will be paid a yearly salary worth $7 million and could earn millions more in performance-based incentives, the bailed-out insurance giant said Monday. Robert Benmosche will receive $3 million in cash and $4 million in stock under his annual compensation package, AIG said in a filing with the Securities and Exchange Commission.

August 12th, 2009 Federal deficit higher in July, $1.27T this yearWASHINGTON — The federal deficit climbed higher into record territory in July, hitting $1.27 trillion with two months remaining in the budget year. The Treasury Department said Wednesday that the July deficit totaled $180.7 billion, slightly more than the $177.5 billion economists had expected.

August 6th, 2009 Jury rules ex-congressman must forfeit $470,000ALEXANDRIA, Va. — A federal jury has ruled that a former Louisiana congressman must forfeit roughly $470,000 in bribery receipts.

August 3rd, 2009 AP ENTERPRISE: Federal tax revenues plummetingWASHINGTON — The recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation's plate and struggling to find money to pay the tab. The numbers could hardly be more stark: Tax receipts are on pace to drop 18 percent this year, the biggest single-year decline since the Great Depression, while the federal deficit balloons to a record $1.8 trillion.

August 3rd, 2009 Tax revenues post biggest drop since DepressionWASHINGTON — The recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation's plate and struggling to find money to pay the tab. The numbers could hardly be more stark: Tax receipts are on pace to drop 18 percent this year, the biggest single-year decline since the Great Depression, while the federal deficit balloons to a record $1.8 trillion.

July 21st, 2009 UK public sector debt swellsLONDON — The British government borrowed a net total of 13 billion pounds ($21.4 billion) in June, raising national debt to 56.6 percent of GDP as tax receipts slumped amid the recession, the Office for National Statistics said Tuesday. The debt figure was lower than the consensus forecast of 15.5 billion pounds, but as a percentage of annual economic output it has risen sharply — from 54.8 percent in May, 44.4 percent in June 2008 and 36.7 percent in June 2007.

July 21st, 2009 NEW DELHI - India's leading private steel producer Tata Steel will make one of India's biggest offers for global depository receipts in recent years, hoping to raise $500 million to fund its expansion in the country and for its London-headquartered Anglo-Dutch arm Corus. The company's board has approved the issue of 65,410,589 receipts for $7.64 each, representing one ordinary share of Tata Steel.

July 14th, 2009 NEW DELHI - India, China and Mexico retain their positions as the top recipients of migrant remittances among developing countries, said the World Bank Tuesday. As per official estimates, India has the largest diaspora of 25 million spread over 136 countries.

May 21st, 2009 NEW DELHI - India's direct tax receipts were up 8.33 percent to Rs.3.38 lakh crore in 2008-09, the finance ministry said in a statement Thursday. However the direct tax collections fell Rs.6,000 crore short of the target of Rs.3.45 lakh crore for 2008-09 fiscal.

April 21st, 2009 Figures on government spending and debtWASHINGTON — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct.

March 4th, 2009 JAMMU - Jammu and Kashmir Finance Minister Abdul Rahim Rather Tuesday presented the vote-on-account in the state assembly with a proposed expenditure of Rs.95.03 billion (Rs.9,503 crore) for the first five months of next fiscal. The minister has also revised estimates for 2008-09 to Rs.190.77 billion against the budget estimate of Rs.184.43 billion.

February 15th, 2009 NEW DELHI - High global oil prices, that saw a barrel of crude sell for nearly $150 per barrel at one point last year, has secured unexpected bonanza to the government in the form of royalty and profit petroleum, budget papers showed Monday. Against the budgeted receipts of Rs.6,777.04 crore (Rs.67.77 billion/$1.35 billion) for this fiscal from petroleum, revised receipts from royalty, profit petroleum and oil exploration licensing fee have been pegged at Rs.9,423.23 crore (Rs.94.23 billion/$1.88 billion).