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Deficit Totals $1.6 Trillion for First 10 Months of Fiscal Year: CBO

The federal budget deficit came to an estimated $1.6 trillion in the first 10 months of the 2023 fiscal year, according to the latest monthly analysis from the Congressional Budget Office. The fiscal gap is more than twice as large this year as it was last year at the same point in the calendar. Outlays have been 10% higher in the current fiscal year, which began in October 2022, while revenues have been 10% lower. In light of the most recent data, the CBO has revised its estimate for the full-y ....

Congressional Budget Office , Congressional Budget , Federal Budget Deficit , 00 Months , Fiscal Gap ,

India's April-June fiscal deficit at Rs 4.51 lakh crore, widens on-year to 25.3% of FY23 aim

While announcing the federal budget for this fiscal year, Finance Minister Nirmala Sitharaman said India aims to narrow the fiscal gap to 5.9% of gross domestic product from 6.4% in the last financial year. ....

New Delhi , Nirmala Sitharaman , Reserve Bank , Finance Minister Nirmala Sitharaman , India Fiscal Deficit , Fiscal Deficit , Indian Economy , India Revenue Deficit , India Budget , Fiscal Gap , Budget Gap , Budget Deficit , India Revenue Collections ,

CBO Should Measure Long-Term Obligations and Policy Impact

Congress should avail itself of fully dynamic long-term budget scoring in order to be fully informed before making fiscal decisions. ....

United States , John Thune , Tim Kaine , Congressional Budget Office , Senators John Thune , Social Security , Federal Debt Held , Congressional Budget Office , Iscal Scoring , Fiscal Gap , Long Term Budget ,

Pakistan, IMF talks hit snag over ₹900 billion fiscal gap - Details

IMF has worked out a larger gap of approximately 900 billion rupees, equivalent to 1 per cent of the gross domestic product (GDP). ....

Shehbaz Sharif , Imran Khan , Circular Debt Management Plan , Prime Minister Shehbaz Sharif , Pakistan Tehreeke Insaf , Chairman Imran Khan , Pakistan Imf , International Monetary Fund , Fiscal Gap ,

Social and Infrastructure Investments can Drive Growth and Shared Prosperity in Latin America and the Caribbean

Latin America and the Caribbean economies have recovered to their pre-pandemic levels and the region has regained some sense of normalcy. ....

United States , Carlos Felipe Jaramillo , World Bank , World Bank Vice , Latin America , Fiscal Gap , World Bank Vice President ,