Income tax is the second-largest contributor to government's total revenue, accounting for 22%, while GST contributes 18%.

The federal government just accumulated an additional $2 trillion in debt over the last 12 months. That’s the kind of debt surge America usually racks up in wartime or during major national ...

India's federal government kept a tight leash on spending in its annual budget for 2026-27, as income and consumption tax cuts announced in the past year weighed on revenues.

Hundreds of thousands of federal government employees are being furloughed or working without pay during the ongoing government shutdown. Core functions, including many food and drug inspections, are ...

The 20 largest civilian federal agencies collectively spent 63% less money in October 2025 — during the government shutdown — compared to October 2024, according to reported spending data pulled from ...

That’s the takeaway from the Rhode Island Public Expenditure Council’s latest analysis comparing every state’s revenues and expenditures Say it loud and say it proud: Rhode Island is No. 1. In general ...

FORT WORTH — Gov. Greg Abbott, as part of his reelection campaign, wants to make it harder for Texas cities and counties to raise property taxes — a move that would put local governments in an even ...