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View all search resultsstate-budget-deficit
Economy 8 months ago
PREMIUM
Widening deficit spurs calls to curb major spending
The House Budget Commit has green-lit the Finance Ministry's recommended SAL drawdown to shore up shortfalls as a result of earlier-than-expected fiscal pressures due to stuttering disbursement for the government's big-ticket flagship programs.
Economy 11 months ago
PREMIUM
US tariffs unleash ‘perfect storm’ on 2025 state budget
Fiscal discipline is the key to riding out the "perfect storm" swirling around the state budget due to weakening exports amid a global trade war and planned tariff concessions to appease Washington, according to economists who also cautioned about the government's readiness in strategizing for a worst-case scenario.
Economy 1 year ago
PREMIUM
RI retains credit rating amid promising growth, but revenue concerns persist
Credit rating agencies warn that a downgrade could be on the horizon if the government struggles to sustain economic growth or allows the fiscal deficit to widen by prioritizing political commitments over prudent financial management.
