A fiscal deficit occurs when a government's spending exceeds its income within a specific period, typically a fiscal year. This means the government is spending more money than it is earning.

President Donald Trump stands firm against cuts to Social Security and federal health programs, shaping the fiscal policy debate. As lawmakers seek budget reductions, Trump's commitment to ...

We study the supply of fiscal ideas leveraging thousands of electoral platforms from 65 countries in the Manifesto Project to link how political parties discuss fiscal policy with fiscal outcomes. We ...

Understand the key differences between monetary policy and fiscal policy, their roles in the economy, and how they impact economic growth.

TOKYO (Reuters) -Fitch Ratings sees fiscal policy as the main risk to Japan's credit rating, its Japan sovereign analyst said on Wednesday, as calls for aggressive spending and consumption tax ...

With well-designed climate-fiscal policy relying on carbon pricing, global decarbonization will have anything from moderately positive to moderately negative impacts on fiscal balances in high-income ...