The debate on the 2025 United States budget and budget deficit has been keeping the legislature and the executive at loggerheads for some time. A lockdown of the economy seems imminent if an ...

The nonpartisan Congressional Budget Office (CBO) released a report last week detailing a range of options for reducing the federal budget deficit ... on taxpayers' adjusted gross income (AGI ...

The U.S. reported a record $367 billion budget deficit for November, influenced by adjusted benefit payments. The deficit would have been $29 billion without these adjustments. The first two months of ...

Definition: The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It is an indication of the total borrowings needed by the government. While ...

This Act was mirrored by Fiscal Responsibility Legislations (FRLs) adopted by states ...

The government can address fiscal deficits by: Reducing public expenditures, such as subsidies and non-essential spending. Increasing revenue through broader taxation or selling public sector assets.

The state is staring down a $3 billion budget deficit, which is likely to overtake the majority of conversations when the Maryland General Assembly convenes on Jan. 8 for the 2025 legislative session.

President-elect Donald Trump’s obsession with tariffs reflects a deep-seated antipathy toward trade and trade deficits — in his ow n words, “trade deficits hurt the economy very badly.” ...

Maryland is staring down a significant budget shortfall while several of its neighboring states are enjoying surpluses, a review by Spotlight on Maryland has found. The upcoming Maryland General ...

New Zealand’s government is facing deeper budget deficits and a delayed return to surplus as a prolonged economic downturn and poor productivity hit tax revenue. The operating balance before ...

CII also highlighted the announcement in the Union Budget 2024-25 to keep the fiscal deficit at levels that help reduce the debt-to-GDP ratio ...

SYDNEY, Dec 18 (Reuters) - Australia's government on Wednesday trimmed its likely budget deficit for the current fiscal year, but flagged bigger shortfalls ahead due to "unavoidable spending" on ...