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Latest Articles in budget deficit
As per experts, Centre, state govts will suffer budget deficit of Rs 10 lakh cr due to COVID-19: Gadkari
As per experts, Centre, state govts will suffer budget deficit of Rs 10 lakh cr due to COVID-19: Gadkari
Read MoreUS budget deficit hits record high of $864 billion in June
US budget deficit hits record high of $864 billion in June
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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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