It highlights a discrepancy between the government's income and its spending, resulting in a budgetary imbalance. The presence of a revenue deficit is a matter of considerable concern, as it suggests ...

She also lowered the fiscal deficit target to 4.8 per cent of GDP for the current financial year, against 4.9 per cent estimated earlier. Under the revised Fiscal Responsibility and Budget ...

The Union Budget for FY26 expectedly placed the fiscal deficit for FY25 as per the Revised Estimates (RE) at 4.8 per cent of GDP, marginally lower than the Budget Estimate (BE) of 4.9 per cent of GDP, ...

But beyond the headline-grabbing income tax cuts, the government delivered a smaller budget, barely increasing ... The Centre cut its fiscal deficit aim to 4.4% of GDP for 2025-26 from 4.8% ...

She also announced a slightly smaller budget deficit for the coming fiscal year, with a modest increase in infrastructure spending. The tax changes will affect 10 million individuals, increasing ...

Oakland's $129.8 million budget deficit could eradicate up to 30% of its firefighting capacity, depleting a strapped department already stretched thin by station closures, according to sources on ...

A lower fiscal deficit also boosts foreign investors' confidence in government finances and improves chances of a sovereign rating upgrade. India's budget deficit has steadily narrowed from a peak ...

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in the Parliament on Saturday. The minister noted that the government remained on course for fiscal consolidation. “Our endeavour ...

Baltimore City Mayor Brandon Scott and his allies in the Maryland General Assembly are pushing new legislation to ...

BEAVERTON, Ore. (KATU) — The Beaverton School District sent an email to parents Friday announcing they are facing a $30M budget deficit as a result of declining enrollment, inflation ...

In the last year of the 15th Finance Commission cycle and as committed in the Budget speech of FY22, glide path for fiscal consolidation the fiscal deficit is expected to be below 4.5 per cent of ...

The Union Budget makes an estimate of gross domestic product (GDP) for the financial year in nominal terms, on the basis of which key fiscal indicators such as fiscal deficit are expressed.