The government is expected to continue on its fiscal deficit reduction path, bringing it down to 4.4 per cent of GDP in FY26. A strategic focus on investment and spending reforms will help balance fiscal prudence with economic expansion.
Phillip Capital projects the fiscal deficit for FY26 to range between 4.5 per cent and 4.6 per cent of GDP, while FY25 is expected to close slightly higher at 4.6 per cent-4.7 per cent.
Calling the relationship "unfair", Trump said the US doesn't want to take any advantage but wants fairness. He also criticised the Biden administration for allowing the trade deficit to go "out of hand".
President Donald Trump has issued a clear message to businesses worldwide, make your product in America, and benefit from some of the lowest taxes globally.
Pakistan is facing a revenue shortfall of PKR 385 billion for the period between July and December 2024, ARY News reported on Wednesday, citing sources.
The report mentioned, "For the fiscal year 2025-26, Union budget will skilfully balance fiscal consolidation, and measures for advancing growth. We expect centre to achieve or maybe even undershoot (by ~10bps) its fiscal deficit target of 4.9 per cent ( per cent of GDP), owing to expected sa
The Centre is expected to continue its fiscal consolidation efforts in FY26, with a fiscal deficit target of 4.5 per cent of GDP, according to a report by Emkay Research.
Malviya highlighted key metrics, such as India's "reduced current account deficit, strong foreign exchange reserves, and restrained external debt growth," which he said have contributed to the rupee's stability despite global challenges.
With the Union Budget for FY26 scheduled to be presented on February 1, 2025, a report by Goldman Sachs underlined two key concerns for policymakers, the pace of fiscal consolidation and the government's spending priorities.