Gov. Gavin Newsom asked California lawmakers on Wednesday to dip into the state’s rainy-day reserves, and signaled his desire to potentially delay a minimum wage increase for healthcare workers as part of his plan to offset an expected $37.9-billion deficit. A confluence of weaker-than-expected state revenues, delayed tax deadlines and overspending based on inaccurate budget… Continue reading Newsom’s plan for California’s projected $37.9-billion deficit
Tag: deficit
India’s fiscal deficit reaches 25.3% of FY24 target, shows govt data
The Centre used 25.3 per cent or Rs 4.5 trillion of its fiscal deficit target at the end of first quarter of financial year 2023-24 (FY24), according to data released by the Controller General of Accounts (CGA) on Monday. The fiscal deficit — the gap between government’s expenditure and revenue — stood at… Continue reading India’s fiscal deficit reaches 25.3% of FY24 target, shows govt data