Articles for Deficit

Maryland lawmakers convene with $3B deficit and uncertainties over incoming Trump administration
3 days, 3 hours ago

Maryland lawmakers convene with $3B deficit and uncertainties over incoming Trump administration

Associated Press  

— Maryland lawmakers are bracing for a fiscally challenging legislative session, which begins Wednesday. “I’ve tried to tell members we have some really difficult choices ahead, but that’s what we were elected to do, and people aren’t going to be thrilled with some of the choices that we have to make, but we’re going to do them thoughtfully.” Larger costs …

Budget Trump Democrats Republican Donald Trump Democrat Jones
Benn scores in OT and Stars erase 3-goal deficit to beat Rangers 5-4
3 days, 6 hours ago

Benn scores in OT and Stars erase 3-goal deficit to beat Rangers 5-4

Associated Press  

NEW YORK — Jamie Benn scored on a power play 2:17 into overtime and the Dallas Stars rallied from an early three-goal deficit to defeat the struggling New York Rangers 5-4 on Tuesday night. Harley’s snap shot tied it 4-all at 17:21 of the third period following a terrible turnover by Rangers defenseman K’Andre Miller deep in his own end. …

Stars New York Dallas Nhl York Rangers Harley
Defiant Masood narrows Pakistan's deficit to 109 in 2nd test against South Africa
Trending News
4 days, 22 hours ago

Defiant Masood narrows Pakistan's deficit to 109 in 2nd test against South Africa

Hindustan Times  

CE TOWN, South Africa — Pakistan captain Shan Masood continued to defy South Africa as the tourists cut down the deficit to 109 runs on the fourth day of the second and final test on Monday. Defiant Masood narrows Pakistan's deficit to 109 in 2nd test against South Africa Masood progressed to a defiant 137 off 232 balls and led …

India Africa Pakistan South Africa Test South Masood
Defiant Masood narrows Pakistan’s deficit to 109 in 2nd test against South Africa
Top News
4 days, 22 hours ago

Defiant Masood narrows Pakistan’s deficit to 109 in 2nd test against South Africa

Associated Press  

CAPE TOWN, South Africa — Pakistan captain Shan Masood continued to defy South Africa as the tourists cut down the deficit to 109 runs on the fourth day of the second and final test on Monday. South Africa enforced the follow-on after Pakistan collapsed to 194 on a dry wicket in reply to the home team’s massive first innings score …

India Africa Pakistan South Africa South Masood
No. 11 UConn erases a 14-point deficit to top Providence 87-84 and stay unbeaten in the Big East
5 days, 11 hours ago

No. 11 UConn erases a 14-point deficit to top Providence 87-84 and stay unbeaten in the Big East

Associated Press  

The AP Top 25 men’s college basketball poll is back every week throughout the season! 11 UConn overcame a 14-point deficit to beat Providence 87-84 on Sunday and extend its home winning streak to 28 games. McNeeley suffered a high ankle sprain in Wednesday’s win at DePaul and UConn men’s basketball coach Dan Hurley told reporters on Saturday that the …

Providence Poll Points Reed Uconn Big East Mahaney
Budget 2025 preview — Part 1: Fiscal deficit, FDI, disinvestment, energy issues
1 week ago

Budget 2025 preview — Part 1: Fiscal deficit, FDI, disinvestment, energy issues

Live Mint  

Foreign direct investment inflows into India—investments by foreign entities in domestic businesses—hold the potential to transform the economy. Fiscal deficit: Tax buoyancy holds the key to managing deficits India introduced the Fiscal Responsibility and Budget Management Act in 2003, targeting a fiscal deficit—the gap between government spending and revenue—of 3% of GDP. In 2022-23, the last year for which actual …

India Energy Power Solar Disinvestment Deficit Fiscal
Rupiah Slumps on Scaled-Back Tax Hike Even as Finance Chief Downplays Deficit
1 week, 2 days ago

Rupiah Slumps on Scaled-Back Tax Hike Even as Finance Chief Downplays Deficit

Live Mint  

-- Indonesia’s rupiah slumped nearly 1% after President Prabowo Subianto’s surprise decision to scale back a tax hike, prompting the finance minister to talk down concerns over the country’s fiscal health. “This means that our state budget will close in 2024 relatively healthy and safe, which will be a strong position for 2025.” The comments were her first since Prabowo …

Finance Indonesia Hike Vat Prabowo Rupiah
CM Siddaramaiah’s focus on getting revenue deficit grants for 2025-26 budget
1 week, 2 days ago

CM Siddaramaiah’s focus on getting revenue deficit grants for 2025-26 budget

New Indian Express  

BENGALURU: Chief Minister Siddaramaiah, who is all set to start department-wise review meetings for the 2025-26 budget, is likely to chalk out a plan meticulously to draw the attention of the 16th Finance Commission to get revenue deficit grants from the Centre. Sources told TNIE that he may not stick to presenting a surplus budget, but would showcase the gap …

Budget Revenue Crore Centre Siddaramaiah Deficit Revenue Deficit Grants
India’s Fiscal Deficit Stands at Rs 8.5 Lakh Cr, 52.5 PC of Budget Target
1 week, 3 days ago

India’s Fiscal Deficit Stands at Rs 8.5 Lakh Cr, 52.5 PC of Budget Target

Deccan Chronicle  

New Delhi: Crossing the halfway mark in the first eight months of the year, India’s fiscal deficit stood at Rs 8.5 lakh crore or 52.5 percent of the Budget target. “Net tax receipts for the first eight months of the current financial year were at Rs 14.43 lakh crore, or 56 per cent of the annual target, compared with Rs …

India Tax Budget Period Crore Cent Rbi
India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore
1 week, 3 days ago

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore

Live Mint  

India’s fiscal deficit for the April-November period was ₹8.47 trillion, 52.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Tuesday. The latest figure is lower than ₹9.07 trillion a year ago due to the Reserve Bank of India dividend and subdued government capex during the first quarter amid the general elections, …

India Tax Period Rbi Annual Target Trillion
India's current account deficit expected at 1.1% of GDP in FY25, says ICICI bank
1 week, 5 days ago

India's current account deficit expected at 1.1% of GDP in FY25, says ICICI bank

Hindustan Times  

India's Current Account Deficit is expected to remain at 1.1 per cent of the Gross Domestic Product in the financial year 2024-25, according to a report by ICICI Bank. In the fiscal year 2024–2025, India's Current Account Deficit is anticipated to stay at 1.1% of GDP, citing to ICICI Bank analysis The report highlighted significant changes in the country's external …

India Bank Cent Icici Icici Bank Cad Deficit
ICICI Bank forecasts 1.1% current account deficit for India in FY25 amid trade challenges
Trending News
1 week, 5 days ago

ICICI Bank forecasts 1.1% current account deficit for India in FY25 amid trade challenges

Live Mint  

ICICI Bank has forecasted that its expects India's Current Account Deficit to remain at 1.1 per cent of the GDP in FY25. According to ICICI Bank, “We expect CAD at 1.1 per cent of GDP in FY25.” Factors In Focus In November 2024, India's trade deficit reached a record high of $37.8 billion, primarily due to gold imports totaling $14.9 …

India Bank Cent Icici Bank Cad Deficit Fy25
Uday Kotak's priority areas for Indian economy in New Year 2025: 'Go for growth...'
1 week, 5 days ago

Uday Kotak's priority areas for Indian economy in New Year 2025: 'Go for growth...'

Hindustan Times  

As the curtains come down to the calendar year 2024, Uday Kotak, Founder and Director of Kotak Mahindra Bank, has listed ten-point priority areas for the overall growth of the Indian economy in the year that knocks our doors. took to social media platform X to talk about the growth of the Indian economy Taking to X, in his first …

India Growth Indian Cent Deficit Fiscal Kotak
Yes, There Are Ways To Cut The Budget Deficit. 'DOGE' Hasn’t Found Them So Far.
1 week, 6 days ago

Yes, There Are Ways To Cut The Budget Deficit. 'DOGE' Hasn’t Found Them So Far.

Huff Post  

LOADING ERROR LOADING Tesla CEO Elon Musk posted a very simple question Dec. 7 on his X social media account: “Why are we doing this when our own country is so deeply in debt?” The object of Musk’s curiosity? As one of two co-chiefs of the still nebulous “Department of Government Efficiency” ― at this point, “DOGE” it is more …

Medicare Tax Budget Trump Capitol Hill Musk Spending
India’s CAD likely to exceed 2 pc of GDP in Q3 FY25 amid gold import surge: Report
2 weeks ago

India’s CAD likely to exceed 2 pc of GDP in Q3 FY25 amid gold import surge: Report

Live Mint  

New Delhi, December 28 : India's Current Account Deficit is expected to rise above 2 per cent of GDP in the third quarter of FY25, driven by a surge in gold imports, according to a report by Bank of Baroda. However, resilient services exports and remittance inflows are likely to cushion the overall impact, keeping the CAD for FY25 within …

India Billion Cent Usd Fy25 Gold Imports Bank Of Baroda
France is not alone in its fiscal woes
2 weeks ago

France is not alone in its fiscal woes

Hindustan Times  

When things got tough, European finance ministers used to sigh and say that at least they were not Greek. The yield on French bonds is now 0.8 percentage points above German bunds, the euro zone’s benchmark, which is the widest gap since the near-collapse of the euro in 2012. Wide deficits add to France’s debt level, which is forecast to …

France Germany French European German Gdp Deficit
No relief for Canada: Trump's commerce secretary nominee gives no assurances on tariff relaxation
Trending News
2 weeks ago

No relief for Canada: Trump's commerce secretary nominee gives no assurances on tariff relaxation

India TV News  

In what comes as a setback for Canada, it failed to receive assurances that President-elect Donald Trump will back away from his stand on imposing tariffs on all products from Ottawa. On Friday, Canada's Finance Minister Dominic LeBlanc and Foreign Minister Mélanie Joly met with Howard Lutnick, Trump's pick for commerce secretary, and North Dakota Governor Doug Burgum, Trump's nominee …

Canada Trump Minister Canadian Leblanc Comeau Commerce Secretary
AUS vs IND, 4th Test: Sparkling Nitish hundred, Sundar rearguard cut India's deficit on Day 3
2 weeks ago

AUS vs IND, 4th Test: Sparkling Nitish hundred, Sundar rearguard cut India's deficit on Day 3

India Today  

India's rising star Nitish Reddy hit a brilliant hundred and was beautifully complemented by Washington Sundar's rearguard as India reached 358 for 9 before rain forced early stumps on Day 3 of the Boxing Day Test at the Melbourne Cricket Ground. Nitish and Sundar added 127 runs for the eighth wicket to cut India's deficit to 116 after Australia's 474 …

India Test Indian Runs Ind Reddy Melbourne
Senegal Aims to Cut Budget Deficit to Lowest in a Decade by 2027
2 weeks ago

Senegal Aims to Cut Budget Deficit to Lowest in a Decade by 2027

Live Mint  

-- Senegal plans to slash its budget deficit to 3% of gross domestic product by 2027 as it begins cutting government expenditure and finds ways to boost tax collections from next year, Prime Minister Ousmane Sonko said. Sonko, whose Pastef party secured a parliamentary majority in elections held in November, is keen to use the group’s dominance to take measures …

Sonko Sukuks
Services exports save the day for India’s current account deficit in September quarter
2 weeks ago

Services exports save the day for India’s current account deficit in September quarter

Live Mint  

Mumbai: A rise in services exports helped narrow India's current account deficit in the September quarter, although this marked the second consecutive quarterly deficit after hitting a surplus in the final three months of FY24. In the three months prior to that—the fourth quarter of 2023-24 —India had registered its first current account surplus in about four years due to …

India Trade Billion Quarter Gdp Cad Deficit
Hawks erase 21-point deficit by scoring 50 in the 4th quarter in a 141-133 win over the Bulls
Trending News
2 weeks, 1 day ago

Hawks erase 21-point deficit by scoring 50 in the 4th quarter in a 141-133 win over the Bulls

Associated Press  

ATLANTA — Jalen Johnson had a career-high 30 points and the Atlanta Hawks rallied from a late 21-point deficit by scoring 50 points in the fourth quarter in a 141-133 win over the Chicago Bulls on Thursday night. Johnson added 15 rebounds and Trae Young scored 27 points, surpassing the 11,000 career point mark, and added 13 assists as the …

Chicago Atlanta Johnson Quarter Points Hawks Bulls
Sanjeev Ahluwalia | Global trust deficit: Where have all the leaders gone?
2 weeks, 2 days ago

Sanjeev Ahluwalia | Global trust deficit: Where have all the leaders gone?

Deccan Chronicle  

Like spy thrillers, which rarely focus on trust as the central plot, global politics is increasingly based on trust deficit. Gone is the desire to comply with the Kyoto 1990 principle of the “common but differentiated responsibilities” which front-loads climate action for developed economies, making them squarely responsible for consuming more than their per capita share of the historical carbon …

Global India China Economic Cent Economies
Govt to improve quality spending, cut fiscal deficit to 4.5% of GDP in FY26: FinMin Report
2 weeks, 2 days ago

Govt to improve quality spending, cut fiscal deficit to 4.5% of GDP in FY26: FinMin Report

Live Mint  

The central government will continue to focus on improving quality spending, strengthening the social security net and bringing down the fiscal deficit to 4.5 per cent of the gross domestic product in 2025-26. The gross tax revenue was estimated at about ₹38.40 lakh crore with an implied tax-GDP ratio of 11.8 per cent. With the above estimates of receipts and …

Centre Cent Fiscal Fiscal Deficit Capital Expenditure Lakh Crore
Govt committed to improve quality spending, cut fiscal deficit to 4.5% in FY26: Finance Ministry report
Trending News
2 weeks, 3 days ago

Govt committed to improve quality spending, cut fiscal deficit to 4.5% in FY26: Finance Ministry report

The Hindu  

The government will continue its focus on improving quality spending, strengthening the social security net and bring down the fiscal deficit to 4.5% of the GDP in FY26, a Finance Ministry document said. The Union government is committed to pursuing the glide path of fiscal consolidation as announced in the Budget for FY 2021-22 and to attain a level of …

Crore Lakh Deficit Fiscal Expenditure Fiscal Deficit Finance Ministry