World Bank Executive Director Neelkanth Mishra On Fiscal Deficit And Economy Post US Midterms Result
By India Today
Speaking on the post-midterm economic outlook, World Bank Executive Director Neelkanth Mishra analysed global market trends, commodity price corrections, and their implications for India. He noted that oil prices have corrected and bond yields have come off, observing, 'The cost of capital coming down, the fact that…
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Budget deficit
The amount by which a government's spending exceeds its revenue in a given year, covered by borrowing.
Persistent deficits add to public debt and can raise the cost of future borrowing.
More about Budget deficitMore in Economy
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