Union Budget 2026: As the budget approaches on Sunday, 1st February, know how the fiscal deficit shapes government spending.

From taxes and spending to borrowing plans, fiscal policy is the framework that drives every major Budget decision and shapes growth, jobs, inflation, and fiscal discipline.

The twin deficits hypothesis has long been central to macroeconomic debates, positing that a government’s chronic fiscal deficit may generate or exacerbate a current account deficit. This ...

The US kicked off the 2026 fiscal year with a $284 billion budget deficit last month, underscoring the Trump administration’s challenge in attempting to dramatically shrink federal borrowing needs in ...