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U.S Deficit in Goods Trades

The deficit in U.S. goods trade with China upended to $26.5 billion, a 9% increase. The number for Mexico was $11.8 billion, 10% rise. The gap between the U.S. sales of goods and purchase expanded from $62.1 billion in the month of September. The country’s imports saw a boost 2.1% ($245.1 billion) while its exports had 2.2% growth ($182 billion). Up to this time, there has been a huge trade gap with other countries in the world ($536.7 billion). Nonetheless, the U.S. trade in education and travel services has seen a constant growth. With exerting tariffs on overseas steel and aluminum as well as on Chinese goods, the country has to wait for the new president to see if the current hostile trade policies will ever change. Samira H.
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By Samira Hassanzadeh on October 19, 2021

Kenya's Weak Financial State Concerns PIC

According to the 23rd report by the Public Investments Committee (PIC), there’s an unsteady financial status among agencies, which will cause problems if the current status lingers. Nancy Gathungu, Kenya’s Auditor-General, said there’s a financial instability in a number of State corporations and if the government fails to endorse them, they are doomed to failure. Kenya Wildlife Service (KWS) faced a struggle with its deficit of Sh680.52 million during the fiscal years of 2016 and 2017. The mass deficit reached Sh4.43 billion as the insufficient government’s monetary aid couldn’t cope with operating expenses and personal payments. The other example is the Sacco Societies Regulatory Authority (Sasra), which is still in red. Sasra experienced a deficit of Sh23 million in the fiscal years of 2014 and 2015, which saw a jump a year later. Samira H.
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By Samira Hassanzadeh on October 19, 2021

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