States are facing fiscal pressure as revenue growth slows and welfare spending remains high, leading to elevated deficits. Morgan Stanley reports state fiscal deficits are projected to stay at 3.2% of GSDP through FY27, while the consolidated fiscal deficit is expected to rise to 7.9%.
from Markets-Economic Times https://ift.tt/2OUbeyq
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from Markets-Economic Times https://ift.tt/2OUbeyq
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