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Latest Articles in budget deficit

World Bank Approves $1 Billion Funding For Kenya Budget Support

The budget deficit has swollen to 8.2% of GDP in the financial year to the end of June, from an initial forecast of under 7%, mainly due to reduced tax collection and lost revenue from VAT and income tax cuts.

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Singapore Plans Biggest Budget Deficit In Years To Meet Virus Threat

Singapore tends to be conservative in its fiscal forecasts. During the 2009 financial crisis, it forecast a S$8.7 billion deficit, but the actual shortfall was just S$819 million.

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