The US government ran a $1.38 trillion budget deficit in fiscal 2022 despite government receipts at near-record levels. This further highlights the federal government’s out-of-control spending problem. It’s also a big problem for the Fed as it tries to fight inflation. The government rana r...
28 (Xinhua) -- The Hong Kong Special Administrative Region (HKSAR) will take a fiscal consolidation strategy in the new financial year, said Paul Chan, financial secretary of the HKSAR government while delivering the 2024-25 budget on Wednesday. Chan said the decision was made upon a full ...
India's budget: In the fiscal year 2026, the fiscal deficit will account for 4.4% of GDP.The translation is provided by third-party software. The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive ...
In economics, a budget deficit is the excess of government spending over revenue. What are the main causes of government budget deficits? What's the difference between revenue deficit and budgetary deficit? Suppose a government has no debt and a balanced budget. Suddenly, it decides to spend $...
University of Arizona President: Fiscal Year 2025 Budget Deficit May Be Reduced by $110M More TUCSON, Ariz. (AP) — As the University of Arizona continues to search for a new president, embattled outgoing president Robbins has announced “encouraging news...
“As a result of our budget decisions, the university will be in a position to allocate sufficient funds to ensure no college starts FY 2025 in a budget deficit,” Robbins’ statement said. Robbins announced on April 2 that he will resign as the university’s president when his ...
"However, we note that the government's lack of a concrete medium-term fiscal consolidation plan to bring its budget deficit down to pre-pandemic levels poses downside risk to debt sustainability," it said. (1 Ringgit equals 0.23 U.S. dollar)■...
The country has raised its expenditure in the national general public budget to about 28.55 trillion yuan this year, up 4 percent from the previous year. It has also planned a 3 percent deficit-to-GDP ratio, which means 4.06 trillion yuan in deficit. The figure is 180 billion yuan more th...
What are "Revenue Deficit," "Effective Revenue Deficit," "Fiscal Deficit," and "Primary Deficit," as mentioned in the budget? What are the differences among them? Budget A budget is referred to as an rough evaluation of r...
Running persistent budget deficits can lead to an accumulation of government debt over time. This can strain government finances, increase interest payments on the debt, and potentially crowd out private investment. Careful management is required to ensure the sustainability of deficits in the long run...