The government has managed to diversify its revenue sources, which will insulate it against massive tax shortfalls in FY26.

The latest GDP numbers at current prices will provide cheer to the Centre’s budget team as it works out the final set of ...

In 2019, first-year Gov. Gavin Newsom inherited a state flush with cash. With a $21.4 billion budget surplus to play with, an ...

In a post on Truth Social, President Trump called for increasing the Fiscal Year (FY) 2027 defense budget to $1.5 trillion, rather than $1 trillion he said he previously wanted to propose. We ...

CAG report reveals Telangana's heavy reliance on WMA despite revenue surplus, indicating ongoing fiscal management challenges.

Bengaluru: Karnataka has hit the 3% fiscal deficit ceiling — the maximum permitted under the Fiscal Responsibility Act — as ...

The budget hole calls for sustainable revenue increases or serious spending cuts, the Legislature’s analysts say. But either ...

Will California Gov. Gavin Newsom raise taxes or cut spending to fix an $18 billion budget shortfall? Either could spell trouble for his legacy.

Mayor Brandon Johnson warned again on Wednesday that the Chicago City Council may have to make emergency cuts if revenue ...

The 109th Legislature’s second session begins at 10 a.m. today, with lawmakers facing a $471 million deficit and the ...

Lower nominal GDP growth rate could hit gross tax revenue estimates, fiscal deficit to meet 4.4% target, say analysts ...

The projected growth rate – there are still three months left for 2025-26 to finish – is not very different from what has ...