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Budget 2026: What is deficit financing and why is it important for developing countries like India?

Budget 2026: When a government needs to spend more than it earns, it turns to deficit financing. To cover this gap, it typically raises money by borrowing from the public through bonds or by printing ...
U.S. News & World Report

Italy's Budget Deficit Could Fall Below 3% of GDP This Year, Finance Minister Says

ROME (Reuters) -Italy's budget deficit could fall below the European Union's ceiling of 3% of gross domestic product (GDP) this year, ahead of time, Economy Minister Giancarlo Giorgetti said on ...
Reuters

Kenya expects wider budget deficit of 5.3% of GDP in 2026/27

NAIROBI, Dec 19 (Reuters) - Kenya expects a wider budget deficit of 5.3% of gross domestic product (GDP) in the 2026/27 fiscal year (July-June), up from 4.7% in 2025/26, the finance ministry said on ...