Budget Deficit News

The federal government’s budget gap will be about 8% of gross domestic product in the year to March 2021, according to Citi

The US budget deficit widened to $984 billion, which was 4.6% of the nation's gross domestic productThe previous fiscal year deficit was $779 billion, with a deficit-to-GDP-ratio of 3.8%

The increasing budget deficit is a major concern for the Tehreek-e-Insaf-led government under the IMF programmeIts campaign to deal with the financial emergency failed to yield any positive results during the last financial year 2018-19

Prime Minister Narendra Modi will widen the budget deficit target to 3.5% of GDP, according to a Bloomberg News surveyTraders also expect gross government borrowings to be kept largely unchanged at 7.1 trillion rupees ($103 billion)

The data showed the fiscal deficit in the April-November period stood at Rs7.17 trillion, or 114.8% of the budgeted target for the fiscal year that ends in March

Waning support for US government debt from the US Federal Reserve, combined with President Donald Trump's deficit-boosting tax cuts, are weighing on the debt load that he inherited from Barack Obama

The Narendra Modi government raised its growth forecast for the year through March 2018 to 6.6% on Wednesday from 6.5% in January

In the Union Budget , the government has pledged to shrink the budget deficit, to 3.2% of GDP in the fiscal year 2017-18. Keeping that promise will be tough, say economists

The Modi govt’s decision to offload several companies to the private sector has drawn criticism from opposition parties and warnings from economists over the potential fallout

The amount of sovereign bills, notes and bonds coming due for the G7 nations plus Brazil, Russia, India and China will climb over 8% from approximately $7 trillion in 2016