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Indias steel demand is set to continue its growth trajectory during 2024 but may slacken, as general elections due next year could potentially slow government spending, predict industry insiders and [...]

The World Bank (WB) has recommended that in the short term, fiscal policy needs to be designed in a way to support total demand. A fully deployed investment budget, combined [...]

Data released by the Treasury Department on Friday reveals that the US national debt has exceeded $32 trillion for the first time ever. - World news - This milestone comes [...]

Passage of the Fiscal Responsibility Act in the US lifted sentiments in the local bourse and resulted to the positive close of all the counters as well as the strengthening [...]

Optimism that a United States governments debt ceiling deal will eventually materialize this week boosted sentiments in the local bourse and allowed the main index to rise but the peso [...]

Most Asian shares today slipped amid deadlock in U.S. debt ceiling negotiations weighed on investor sentiment. Representatives for President Joe Biden and congressional Republicans ended another round of debt ceiling [...]

The Government has adopted the National Reform Programme 2023, and the Stability Program of the Republic of Croatia for the period 2024-2026, which were adopted within the framework of the [...]

At the meeting of the Government Committee for the Economy, the government adopted amendments and additions to the Business and Financial Plan of the Slovenian Regional Development Fund for the [...]

At the same time, the overall inflation rate in the next fiscal year is expected to be significantly lower than the current level, officials at the finance ministry said, adding [...]

This year's deficit is $113 billion more than 2017 and equivalent to 3.9 percent of GDP, up from 3.5 percent in the 2017 fiscal year, the US Treasury Department announced [...]

After a continued rise in inflation since the beginning of 2018, the inflation rate is stabilizing slightly above the lower bound of the target range, and is expected to remain [...]

A sustained increase in oil prices over the past two years has driven an economic recovery in the Gulf Cooperation Council (GCC) countries, but government-led reforms need to continue to [...]

Oil prices are forecast to average above $70 (Dh257) this year, despite the potential increase in output boosting the prospects of higher public spending that is will drive both oil [...]

Kuwaits economic growth is expected to recover on higher oil prices, which will enable an expansionary budget and higher project spending boosting the pace of GDP growth, according to QNBs [...]

The governments balance sheet will show sharp rise in recurrent spending in the next fiscal year due to huge transfer of funds to local bodies, albeit this should not be [...]

Total public debt remains high at about 65 percent of GDP, increasing by 2.5 percent of GDP over the programme period (430 percent of revenue) which is well above the [...]

Reassuring statements from the top UAE and Saudi officials propelled UAE and other GCC markets on Thursday. The Dubai index posted record one day gains, rebounding the most in the [...]

China's fiscal expenditure dropped 5.7 percent in October from a year earlier, data from the Ministry of Finance showed on Friday, reflecting the government's efforts to put the brakes on [...]

The federal government has drastically slowed down development spending during the first three months of the new fiscal year. It spent 40% less than the earmarked budget aimed at creating [...]

The Ministry of Finance has announced that it will revise Thailand's GDP growth projection slightly down, saying it hopes that the government's economic stimulus measures will help the Thai economy [...]

BEIJING: China's fiscal expenditure surged 26.1 percent in June from a year earlier to 1.65 trillion yuan ($265.84 billion), the finance ministry said on Monday, reflecting the government efforts to [...]

According to a top procurement official, the Army anticipates its total contract spending to fall $22 billion around 25% in fiscal 2014. the deputy assistant secretary for procurement at the [...]

During 2013, monetary and financial policies had a positive impact on business growth and performance of the banking system in Oman. With the participation of commercial and Islamic banks in [...]