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Spending cut News

recovery in oil prices

19 Oct 2016

IMF stresses upon spending cuts in Gulf despite oil recovery

A modest recovery in oil prices falls short of filling budgetary gaps in crude-exporting Gulf countries, the International Monetary Fund said, stressing the need to cut spending.

02 Mar 2015

April-Jan fiscal deficit overshoots full-year target: Govt

India`s January fiscal deficit overshot the full-year target as the gap swelled to 5.68 trillion rupees ($91.70 billion), or 107 percent of the target for the 2014/15 fiscal year ending in March, government data showed on Monday.

06 Aug 2014

Spending cut may not adversely impact growth: Goldman Sachs

Experts have for long been arguing about a possible re-allocation of resources for capital spending rather than current spending, to boost the growth.

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