Fiscal policy

India is going to have solid economic growth, but it will not be nearly as solid as if global conditions were like in the early 2000s, said World Bank chief economist and senior vice president for development economics, Indermit Gill. In an…

The United Arab Emirates has confirmed to the International Monetary Fund that it will provide support of $1 billion to Pakistan, the South Asian country's finance minister said on Friday.The commitment is one of the requirements that the…

How much is the government expecting to earn, how much does it plan to spend, and how will it finance the gap? In her Budget 2023-24, Finance Minister Nirmala Sitharaman has brought down the fiscal deficit target. The fiscal deficit in…

<!-- -->The Union Budget is not a single document. It is a list of 13 documents and three of them - Annual Financial Statement (AFS), Demands for Grants (DG) and the Finance Bill - are mandated by Article 112,113 and 110(a) of the…

Americans look to the country's most powerful bank, the Federal Reserve, to combat inflation."I think our biggest problem, at least for the foreseeable future, is high inflation," Mark Zandi, chief economist at Moody's Analytics, told…

With downgrades in growth forecasts from June, and a slowdown predicted next year, a growth rate next fiscal year of 6.1% for India was “still a bright spot”, said an IMF official With downgrades in growth forecasts from June, and a…

From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy."There has been a lot of talk recently that we're in a recession. We have two…

A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022.David Paul Morris | Bloomberg | Getty ImagesMeanwhile, President Joe Biden also has faced blowback over continued inflation and plans to address the…

Britain's Prime Minister Boris Johnson walks outside Downing Street in London, Britain, August 18, 2021.Hannah McKay | ReutersLONDON — U.K. Prime Minister Boris Johnson on Tuesday announced plans to hike taxes to fund health care and…