The US economy has long been shielded from the unsustainability of its trade and budget deficits. It may not be for much ...

Gov. Wes Moore’s (D) $70.8 billion spending plan unveiled last week closes a more than $1.5 billion deficit for fiscal 2027 ...

China’s government racked up a record budget deficit last year as spending on social welfare grew at the fastest since 2017, ...

President Donald Trump’s first year of his second, nonconsecutive term brought all sorts of changes. His administration shuttered the United States Agency for International Development, had the ...

Fiscal deficits often rise when the government increases spending to support the economy, especially during slowdowns or ...

A very high ratio of fiscal deficit to GDP has several negative implications. For starters, it tends to weaken the rupee and ...

New figures from the independent budget watchdog show that higher government spending caused about two-thirds of the $57 billion blow out in the deficit in the next decade.

In a three year-span, the Los Angeles County Office of Education sent 10 letters to Pasadena Unified School District warning it to address ongoing deficit spending. The letters, provided to this ...

The survey lauded the government for bringing down both its deficit and debt levels since the pandemic’s disruption.

As Finance Minister Nirmala Sitharaman prepares to present her ninth straight Budget after calling on President Droupadi ...