Markets have already downgraded Uncle Sam’s ballooning debt. Expect Moody’s to follow suit as borrowings and interest expense continue to grow.

California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit. It’s a welcome change after two years of ...

California no longer faces a budget deficit, Gov. Gavin Newsom said Monday, two months after budget officials projected a $2 ...

A central concept in this is the 'budget deficit,' which highlights the gap between government expenditures and revenues. In this video, we will explore the three types of deficits: Revenue Deficit, ...

In a reversal from 2023, policymakers enacted $1 trillion of ten-year debt increases in 2024, including roughly $380 billion ...

The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years ...

US deficits have doubled as a share of GDP since 2015 US general government net borrowing as a share of GDP, in % Source: International Monetary Fund, St. Louis Federal Reserve, UBS, as of October ...

The estimated deficit for the year ending in March is about double the previous forecast of HK$48.1 billion in the budget presented in February. Chan attributed the deficit mainly to a sharp ...

JAKARTA: Indonesian Finance Minister Sri Mulyani Indrawati (pic) said on Thursday (Jan 2) that the country's state budget deficit for 2024 was lower than the government's most recent forecast of 2 ...

Sources told TNIE that he may not stick to presenting a surplus budget, but would showcase the gap in state’s revenue and expenditure to help get revenue deficit grants from the Centre based on ...

Two thirds of respondents in a new US poll believe incoming President Donald Trump won’t be able to trim the federal budget deficit as pledged in his campaign. The deficit sits at $1.8 trillion.

Nigeria’s fiscal deficit poses another major challenge. The 2025 budget projects a deficit of N13.08tn, equivalent to 26.3 per cent of total expenditure and 3.89 per cent of GDP. Meanwhile ...