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 ...

India Budget 2025: India's fiscal deficit reached 46.5% of its budget estimates in the first seven months of FY2025, amounting to Rs 7.51 lakh crore. While direct tax collections showed robust growth, ...

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 ...

Australia’s budget is expected to slip deeper into deficit in the years ahead due to rising government spending and a weakening in key trade partner China, a mid-year fiscal update showed ...

The report said that several states have announced sops in their 2024-25 Budgets; such spending may divert resources away from critical social and economic infra development ...

DENVER — When Colorado lawmakers return from their holiday break and start a new legislative session, they'll have to come up with a way to fix a massive state budget shortfall. The latest projection ...

or about US$13.94 billion, over the next four years compared with what was expected in May, with budget deficits expected to be the norm over the next decade.