budget deficit

Budget 2024 in five key charts: More spending, debt control

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Budget 2024 in five key charts: More spending, debt control

Indian Finance Minister Nirmala Sitharaman delivered her seventh budget speech on Tuesday, pledging to create more jobs, boost spending on infrastructure while still reining in the fiscal deficit. The closely-watched budget was the first under a new coalition government after Prime Minister Narendra Modi’s party lost its majority in the parliament in recent elections. Here … Read more

bonds news: Bond vigilantes worry as weak Modi government win fans fiscal populism fear

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bonds news: Bond vigilantes worry as weak Modi government win fans fiscal populism fear

A smaller-than-expected poll victory for Prime Minister Narendra Modi is leading to worries among bond investors about greater populism. Fiscal discipline has been a hallmark of Modi’s decade-long administration, and many investors were expecting him to win a supermajority to reduce the budget deficit and further cut government borrowing in the next budget. The election … Read more