U.S. Treasury is set to borrow over $2 trillion in fiscal year 2026, a federal deficit exceeding 6% of GDP. The Office of Management and Bu...

States that manage their finances prudently will receive priority for a ₹3,000 cr incentive fund. The Centre's new scheme rewards states fo...

India’s state elections: New election wins in Indian states bring populist promises that could strain finances. Economists warn of wider fi...

India plans to keep its capital spending high in FY27 to support economic growth. Officials stated the government will continue its planned...

Asian nations face an energy crisis due to the Iran War. The IMF advises countries to save for future shocks. They suggest targeted financi...

Himachal Pradesh celebrated its 79th Day with enthusiasm. Chief Minister Sukhvinder Singh Sukhu announced significant welfare schemes and d...

The Indian government is looking at shifting its spending priorities. This is to manage new expenditure needs arising from supply chain iss...

The Union Budget for 2025-26 prioritises fiscal stability and long-term sustainability over immediate expansion. The government has success...

The Fiscal Responsibility and Budget Management Act, 2003, enacted to maintain fiscal discipline in India, faced challenges and amendments....

Finance Minister Nirmala Sitharaman’s budget balanced fiscal discipline with political strategies. Bihar received Rs 26,000 crore for road ...

Interim budget: While the numbers are being worked out, the Centre may peg its FY25 fiscal deficit at the current fiscal level (budgeted at...

Government may temporarily deviate from its stated plan of maintaining fiscal discipline.

The budget had some positive announcements to help accelerate India’s transition to a robust digital economy. Over the next five years, it ...

"Fiscal discipline has taken a backseat in this budget, which contains many tinges of populism, as was to be expected in the run-up to a na...

"The emphasis on accelerating infrastructure development and simplifying policies for PPP will boost investor confidence," Sikka said.

It's definitely pro-growth. At the same time, it takes into account fiscal prudence as well as inclusiveness too.""

Germany's opposition-ruled states have blocked the EU fiscal pact on Budget discipline in the Bundesrat, the upper House of Parliament.