WASHINGTON, United States — The US debt has crossed $40 trillion for the first time, underscoring the growing pressure on Washington’s finances as rising interest costs, expanding social-safety-net spending and tax policy continue to widen the gap between federal revenues and expenditures.
टैग: Fiscal Deficit
India’s Q1 FY27 Fiscal Deficit Widens to Rs 3.1 Lakh Crore, Reaches 18.2% of Full-Year Target
India’s fiscal deficit stood at Rs 3.1 lakh crore in the first quarter of FY27, rising from Rs 2.8 lakh crore in the April-June period of the previous financial year. The gap represented 18.2% of the Centre’s full-year budget estimate, according to data released by the Controller General of Accounts (CGA) on July 31, 2026.