Category : Search result: New York City budget deficit


Massive Tax Shortfall, Yet Fiscal Deficit Target on Track

Despite a projected ₹1.5-2 trillion tax revenue gap and slower nominal GDP growth, India's fiscal deficit target of 4.4% for FY26 remains achievable. Strong non-tax revenues and statistical revisions provide crucial support. Read the full analysis.

Karnataka fiscal deficit touches 3% limit

Karnataka's fiscal deficit hits the legal 3% ceiling due to rising borrowings for welfare schemes. Officials say borrowing may touch Rs 93,000 crore. Read more on the state's budget challenges.

Budget 2026-27 may be presented on Sunday, Feb 1

The Union Budget for 2026-27 is expected to be tabled on February 1, a Sunday. The session may commence on January 28. Key themes include reforms for growth and shedding colonial mindset.

Budget 2026-27 may be presented on Sunday, Feb 1

The Union Budget for 2026-27 is expected to be tabled on February 1, a Sunday, marking a first. The session likely starts Jan 28. Read key details on timing, themes, and global context.

Saudi Arabia Approves SR217 Billion Borrowing Plan for 2026

Saudi Arabia unveils a detailed SR217 billion borrowing strategy for 2026 to fund its budget deficit and manage debt repayments, focusing on sustainability and market diversification. Discover the Kingdom's financial roadmap.

Zohran Mamdani Takes Oath as New York City Mayor

Zohran Mamdani pledges to uphold US Constitution and New York laws in symbolic ceremony at an old subway station. Attorney General Letitia James administers oath. Read the full story.

Zohran Mamdani Sworn in as New York City Mayor

Democrat Zohran Mamdani begins term as NYC mayor with two swearing-ins: a private midnight event and a public ceremony with Bernie Sanders. Read about the historic celebrations.

India's fiscal deficit at 62.3% of FY26 target

India's fiscal deficit for April-November hits ₹9.76 lakh crore, cushioned by strong non-tax revenue. Tax collections lag, impacted by rebates and GST changes. Read the full analysis.

Indonesia Builds New Green City in Jungle

Indonesia is constructing a green metropolis in the jungle to escape traffic and crowds. Discover the vision, the reality for new residents, and the uncertain future of this ambitious project.

Mamdani's NY Inauguration to Use 400 Police, Cost ₹4 Cr+

NYC Mayor-elect Zohran Mamdani's 'New Era' block party on New Year's Day will need 350-400 police officers, costing an estimated ₹4.15+ crore in overtime, drawing criticism from law enforcement sources. Read the full story.

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