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Total 88 results found. Search for [ US Budget deficit 2020 ]

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Associated Press
October 17, 2020
The Trump administration reported Friday that the deficit for the budget year that ended on Sept. 30 was three times the size of last year's deficit of $984 billion


BusinessToday.In
New Delhi, October 9, 2020
Eli Lilly, Gates Foundation sign deal to supply COVID-19 drugs to low, middle-income countriesEli Lilly and Co said on Thursday it had entered into an agreement with the Bill & Melinda Gates Foundation for potential supply of its experimental antibody treatments for COVID-19 to low and middle-income countries. As part of the deal, Lilly said it will make antibody therapies available to lower-income countries prior to April 2021, but did not elaborate on the number of doses. Separately, F...


PTI
October 9, 2020
The Congressional Budget Office released the unofficial 2020 figures Thursday, saying the deficit equaled 15% of the U.S. economy, a huge gap that was the largest since the government undertook massive borrowing to finance the final year of World War II


Reuters
September 22, 2020
The CBO, in its annual Long Term Budget Outlook, said that increased federal government spending associated with the coronavirus pandemic has accelerated the growth of US budget deficits and debt


Prasanna Mohanty
September 14, 2020
Not only India's relief packages are grossly inadequate it is not even spending enough to revive demand in the crisis-hit economy; what is needed is clear: more fiscal spending, not \"keeping the power dry\" for future stimulus or unrealistic claim of a V-shaped recovery


Reuters
August 21, 2020
The debt surge reflects a huge increase in government spending, ranging from its massive coronavirus job subsidy scheme and tax cuts to discounts for restaurant diners, as well the hit to tax revenues from a nationwide lockdown


Nirbhay Kumar
New Delhi, August 18, 2020
Despite an ambitious target, public expenditure on infrastructure - the only functional engine of the economy - is dwindling. That spells bad news for economic recovery


PB Jayakumar
August 14, 2020
The Western world and the big pharma are upset. They say Russia has not done adequate safety and efficacy studies and the claim is based on testing on less than 100 human volunteers


PTI
August 13, 2020
Last month's deficit was sharply lower than June's USD 864 billion, in part because the government collected a record amount tax revenue in July - USD 563 billion - after extending the filing deadline to July 15


E Kumar Sharma
July 27, 2020
To get to per capita income levels of developed countries, India needs to grow at 8 to 9 per cent per annum for 22 years; that is the kind of challenge we have in this country, said former RBI governor C Rangarajan


Surajit Das | Vaishali| Kirti Jain
July 17, 2020
If the aggregate demand for credit does not rise, clearly, 75% of the Aatmanirbhar Bharat Abhiyan package would simply fail to stimulate the economy


PTI
July 14, 2020
For the first nine months of this budget year, which began on October 1, the deficit totals USD 2.74 trillion, also a record for that period


Rajeev Dubey
New Delhi, June 4, 2020
The reason India finds itself in the comity of nations that can't afford a big stimulus to stoke economic growth is the 8 quarters of wait-and-watch game played until coronavirus hit us


Prasanna Mohanty
May 28, 2020
For a republic at work since 1947, decisions on issues of national importance without prior consultation with experts, opposition parties, state governments and other stakeholders are not only inconceivable but come with consequences that could be easily avoided


Prasanna Mohanty
May 27, 2020
The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting


Reuters
May 22, 2020
China will also issue 1 trillion yuan in special treasury bonds for the first time this year


Prasanna Mohanty
May 18, 2020
For years, India's fiscal practices and numbers have remained under a cloud with CAG red-flagging off-budget financing and window-dressing of accounts. Not putting the house in order now means effectiveness of stimulus 2.0 or deficit financing of a higher order would be unknown and unknowable


Prasanna Mohanty
May 9, 2020
India needs to address massive job losses; strengthen public healthcare for COVID-19 and beyond; develop institutional mechanisms and leadership to respond to emergencies; devolve decision-making and funding to states, local bodies and scale up public spending to infuse life into the economy, all of which call for structural changes


Sumant Banerji | Rukmini rao | Niti kiran
New Delhi, April 28, 2020
As India tightens FDI norms, Chinese firms and investments may face regulatory and consumer backlash. The friction between Asian giants could be the beginning of an adversarial chapter in trade


Associated Press
April 25, 2020
CBO said lawmakers eventually will be forced to tackle the government's chronic financial woes, if for no other reason than the looming insolvency of Social Security and Medicare


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