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BUDGET DEFICIT
Gulf states seen splurging on debt to build new Hormuz bypassesPersian Gulf nations are preparing to raise more debt to fund ports, pipelines and transport links that reduce reliance on the Strait of Ho...- Global developed market debt to hit record $75.8 trillion by end of 2026: FitchGovernment debt in developed nations will reach $75.8 trillion by 2026. This debt burden represents 104% of gross domestic product for thes...
- Saudi Arabia-backed developer seeks World Cup stadium investors, sources saySaudi Arabia's ROSHN Group is seeking investors for its Aramco Stadium venue. JPMorgan is managing the fundraising process for this signifi...
- Assam Budget 2026-27: Spotlight falls on polygamy after big announcement by state FM Jayanta Malla BaruahAmong Assam's 2026-27 budget proposals, a major one is that polygamous men will be barred from accessing government schemes. Additionally, ...
- Record visitors, record taxes: Vienna cashes in on tourist boomAs Vienna grapples with smashed record after smashed record for tourist numbers, a plan to more than double its visitors' tax has worried h...
- Polygamy to invite welfare benefits bar, dismissal from govt service: Assam budgetAssam's budget proposes barring polygamous individuals from state welfare schemes. Government employees practicing polygamy will face dismi...
- Trump’s war means higher global interest rates for years to comeGlobal interest rates are set to remain higher for longer, with Bloomberg Economics forecasting borrowing costs elevated by up to half a pe...
- India's April-May fiscal deficit at ₹1.62 lakh crore, widens on-year to 9.6% of FY27 aimIndia's fiscal deficit stood at ₹1.62 lakh crore during April-May, accounting for 9.6% of the full-year budget estimate, according to gover...
- Yen teeters on cusp of 40-year low as BOJ hike fails to stem routThe dollar continues to exhibit resilience against key global currencies, largely fueled by the ongoing unpredictability of a potential U.S...
- Pakistan budget raises defence spending, squeezes development to meet IMF goalsFinance Minister Muhammad Aurangzeb told parliament the government would allocate 3 trillion rupees for defence in the fiscal year starting...
- India willing to let fiscal deficit widen to 4.8% of GDP: ReportIndia faces a larger budget deficit this year. The war in Iran is increasing energy subsidy costs. This puts pressure on government finance...
- US refunds $22 billion in first repayments of Trump's tariffs in MayUS authorities have begun refunding billions in customs duties. This follows a Supreme Court decision invalidating President Donald Trump's...
- India can grow over 8% despite oil shocks, crude impact overblown in narrative: World Bank execIndia's economy shows strong growth, defying fears of oil price shocks. Neelkanth Mishra, World Bank Executive Director, states India is we...
- India considers spending curbs to protect fiscal deficit targetIndia's government is reviewing potential budget spending cuts. Higher oil prices are increasing subsidy costs and threatening fiscal goals...
- US budget deficit hits USD 2.77 trillion in 2021, 2nd highestGovernment outlays increased $266 billion to $6.8 trillion in the fiscal year just ended, partly due to ongoing spending from other massive...
- Russia sees 2015 federal deficit at 3% of GDP, below earlier forecastIt said the new deficit forecast was contained in amendments to the 2015-2017 three-year budget that were approved by the government.
- America's budget deficit this year will be the lowest since 2007Goldman Sachs thinks that the federal budget deficit this fiscal year will be the lowest it's been since the start of the financial crisis.
- Significant drop in US budget deficitCapped off by a $ 2 billion surplus in December, the government ended the calendar year with a deficit of $ 488 billion.
- Bonds gain on budget's deficit fall optimismEleven-year bonds gained for a third day as government efforts to rein in the budget deficit bolster demand for the securities.
- UK budget deficit at record levelsBritain posted its largest annual budget deficit since World War II on Thursday as campaigning for a tight national election intensified.
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