The government plans to reduce its debt-GDP ratio from 57.1% to 50% by March 2031. Finance Minister Nirmala Sitharaman seeks to lower the fiscal deficit to 4.4% by FY26, adhering to the revised FRBM ...

The government presents two key fiscal policy statements to Parliament, as mandated by the Fiscal Responsibility and Budget Management (FRBM) Act, 2003.

U.S. trade deficit hit $78.2B in November, up 6.2%, driven by rising imports outpacing export growth. Imports surged by $11.6B, led by industrial supplies and semiconductors, widening the goods ...

The U.S. economy ended 2024 on a solid note, even as the Conference Board’s index of leading economic indicators declined slightly following a bump in November. The index posted a 0.1% decline ...

New Gov. Patrick Morrisey says his administration projects a budget deficit of more than $400 million for the coming fiscal year. Patrick Morrisey “Now, it’s important that when you talk about ...

CHARLESTON, W.Va. (WCHS) — West Virginia Gov. Patrick Morrisey said the state is expected to start with an “inherited” $400 million deficit in its budget at beginning of the coming fiscal year.

The state of Maryland is facing a $3 billion budget shortfall. Gov. Wes Moore has announced significant budget cuts and has said he will hike taxes on the wealthiest residents to increase revenue. By ...

The accelerated expansion of the US fiscal deficit not only plunges US government debt into an increasingly unsustainable predicament, but also casts a heavy shadow over the global economy ...

India's trade deficit narrowed to $21.94 bn in December from November's revised $32.84 billion, as exports grew while overseas shipments went down on sequenial basis. Merchandise exports in December ...

The US government posted an $87 billion budget deficit in December, reduced partly by a shift of benefit payments into November but capping a record $711 billion deficit for the first three months of ...