New Delhi, June 1 (IANS) India has succeeded in restricting its fiscal deficit to the 4.4 per cent of GDP target fixed for the financial year 2025-26, reflecting the robust state of government finances at the end of the year, official data released on Monday showed. The fiscal deficit, which shows the difference between government revenue and expenditure, stood at Rs 15.19 lakh crore in FY26.Data released by the Controller General of Accounts (CGA) showed revenue collections remained strong duri…
Latest Fiscal Health News & Updates
Seoul, April 12 (IANS) South Korea’s national debt is projected to approach 60 per cent of its gross domestic product (GDP) by 2030, government data showed on Sunday, with the pace of increase widely expected to accelerate amid slowing growth and growing fiscal burdens.The country’s debt-to-GDP ratio stood at 49 percent last year, up 3 percentage points from a year earlier, according to the national settlement report from the finance ministry, reports Yonhap news agency.The increase marks the la…
Chandigarh, March 3 (IANS) Punjab Finance Minister Harpal Cheema on Tuesday said the government has emerged among the top three states in terms of revenue growth, asserting that the state’s financial performance over the past four years reflects structural reforms, fiscal discipline, and administrative transparency. Cheema presented detailed data to the media here and described it as a decisive turnaround in the state’s fiscal health. “Punjab’s own tax revenue has surged significa…