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 issues.
According to data from the state finance department, West Bengal’s total accumulated debt is expected to rise to Rs 6,93,231.66 crore by March 31, 2025. This marks a significant increase from Rs 6,30,783.50 crore as of March 31, 2024.
To put this…
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Tech billionaire Elon Musk, who has been tapped by President Donald Trump to lead federal cost-cutting efforts, said Tuesday, February 11, that the United States would go “bankrupt” without budget cuts.
Musk leads the efforts under the newly created Department of Government Efficiency (DOGE), and was speaking at the White House with Trump, who has in recent weeks issued a flurry of orders aimed at slashing federal spending. In particular, Musk pointed to the country’s budget deficit, which topped $1.8…
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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 determining how much they can borrow to buy a home, treating HECS the same way as credit card debt or personal loans.
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Tech billionaire Elon Musk, who has been tapped by President Donald Trump to lead federal cost-cutting efforts, said Tuesday that the United States would go “bankrupt” without budget cuts.
Musk leads the efforts under the newly created Department of Government Efficiency (DOGE), and was speaking at the White House with Trump, who has in recent weeks issued a flurry of orders aimed at slashing federal spending.
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Sabra Lane: One of the major barriers for young people borrowing to buy a house is going to be overhaul. The Federal Government’s told the banks to ignore student debts when weighing up whether to grant would-be homeowners a mortgage. It’s a boost for first home buyers as housing shapes up as a key election issue. Olivia Caisley reports.
Olivia Caisley : With housing set to shape the outcome of the next election, Federal Labor is strengthening its pitch to young voters.
Clare O’Neil : Housing affordability is one of the most important priorities of our government.
Olivia Caisley : Housing Minister Claire O’Neill today announcing that financial regulators and banks have agreed to Labor’s request to make it easier for young Australians with…
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Musk: US to go bankrupt without cuts baha news
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Kolkata: Amid the three major concerns of debt, revenue and expenditure management, West Bengal Minister of State for Finance (independent charge) Chandrima Bhattacharya will present the state budget for the financial year 2025-26 in the state Assembly on Wednesday.
As per figures of the state finance department, the total accumulated debt for West Bengal as of March 31, 2025, is slated to rise to Rs 6,93,231.66 crore, which is significantly higher than the figure of Rs 6,30,783.50 as of March 31, 2024.
Incidentally, at the end of the financial year 2010-11, the last financial year under the previous Left Front regime, the total accumulated debt was slightly over Rs 1.90 lakh crore.
Economists feel that the high accumulated debt…
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‘It’s not optional, it’s essential’: Elon Musk warns US will go ‘bankrupt’ without cuts MSN
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Musk, with Trump at White House, says US will go ‘bankrupt’ without cuts Inquirer.net
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Elon Musk has warned that the United States will go “bankrupt” without drastic budget cuts, as he leads the charge to slash federal spending under President Donald Trump‘s administration.
Speaking at the White House on Tuesday alongside Trump, the tech billionaire emphasised that reducing government expenses is not just an option but a necessity.
“It’s not optional,” Musk told reporters. “It’s essential.”
Musk, who has been tasked with overseeing cost-cutting efforts through the newly established Department of Government Efficiency (DOGE), criticised federal bureaucracy, calling it an “unelected, unconstitutional branch of government” that holds more power than elected representatives. His remarks came as Trump signed an executive order…
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Tech billionaire Elon Musk, who has been tapped by President Donald Trump to lead federal cost-cutting efforts, said Tuesday that the United States would go “bankrupt” without budget cuts.
Musk leads the efforts under the newly created Department of Government Efficiency (DOGE), and was speaking at the White House with Trump, who has in recent weeks issued a flurry of orders aimed at slashing federal spending.
In particular, Musk pointed to the country’s budget deficit, which topped $1.8 trillion in the last fiscal year, and took aim at high interest payments on the public debt.
“It’s not optional” for…
