T he budget deficit narrows to 6.9 percent of gross domestic product (GDP) in December, down from the 7.7% recorded a month earlier, according to preliminary figures released by the Finance Ministry.

In a couple of weeks we will get the first reading for third quarter GDP growth, and the current consensus among economists ...

The contribution of the goods trade deficit to Q1 real GDP dropped to -5.26 percentage points from -4.90 pp in the Atlanta Fed's standard model and to -4.05 pp from -2.85 pp in its alternative ...

The basic arithmetic behind Bessent’s 3 percent of GDP deficit target suggests that it would require major tax increases on low- and middle-income Americans as well as devastating cuts to ...

Budget hawks have fretted for decades about America’s deficits and debt, repeatedly advising our government to embrace ...

The record trade deficit shaved a whopping 4.8 percentage points off GDP. Even without the effects of the trade wars, though, the economy would have showed slower growth.

This action would reduce the 2028 deficit by about $460 billion, or 1.3 percent of GDP. Slash anti-poverty programs that people rely on for food security and health care by nearly a third.

The Indian government on Tuesday lowered its fiscal deficit target to 4.9% of GDP for the financial year ending March 2025, from 5.1% in the interim budget in February, aided by a hefty surplus ...

Climate change is a continuing worry: the OBR is more optimistic than it was about the fiscal cost of net zero, but gloomier ...

Russia raised the 2025 budget deficit estimate to 1.7% ofgross domestic product in April from 0.5% after reducing theenergy ...

He added that Russia’s federal budget for 2025-2027 will be executed with deficit, which is expected at the level of half a percent of GDP in 2025. "Federal budget execution is expected with ...