fiscal deficit

Bolivia Congress passed President Paz’s reworked 2026 budget, aiming to reduce the fiscal deficit to nine percent of output. The plan includes waiving import duties and value-added tax for five years.

RJD leader Tejashwi claims Bihar is facing extreme financial loss due to scams, corruption, revenue loss, widening fiscal deficit, and mounting debt.

Khyber Pakhtunkhwa Chief Minister Sohail Afridi presented a Rs2.17 trillion provincial budget for FY2026-27 with an estimated fiscal deficit of Rs48 billion. The budget was approved by PTI legislators, though its presentation was delayed due to demands for a meeting with incarcerated PTI founder Imran Khan. The government pledged to cover the deficit using local resources and rejected loans.

BudgIT has described Nigeria's 2026 budget as ambitious but unviable, citing a projected fiscal deficit of N31.5 trillion (6.4% of GDP) due to revenue of N36.9 trillion and expenditure of N68.3 trillion.

Colombia raised its fiscal deficit target to 5.3% of GDP and increased its inflation forecast, acknowledging a fiscal challenge it will pass to the next government. The country concedes to a worsening fiscal situation that future leaders must address.

The federal budget is criticized as a futile exercise constrained by IMF programs and limited fiscal space, with repeated budgets failing to address economic stagnation. Regressive tax policies and a cost-of-living crisis exacerbate hardship for households amid stagnant income growth and high oil prices.

India is considering spending curbs to meet its fiscal deficit target. The Reserve Bank of India aims to strengthen foreign-exchange buffers amid ongoing market volatility.