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Rising Debt, Revenue Concerns, and Expenditure Management Challenges

Kolkata: As West Bengal prepares for its budget presentation for the financial year 2025-26, the state faces significant financial challenges, including mounting debt, revenue constraints, and concerns over expenditure management. On Wednesday, West Bengal Minister of State for Finance (Independent Charge) Chandrima Bhattacharya will present the state budget in the Assembly, addressing these pressing economic…

Aussies with HECS debts to get easier access to finance

It will soon become easier for Australians with student loan debt to get a mortgage after Treasurer Jim Chalmers instructed the prudential regulator to relax how HECS was treated when banks conducted mortgage serviceability tests. Under the responsible lending rules, banks are currently required to take a prospective homeowner’s student loan debt into account when…