State Budget Deficit 2024. California, as the largest economy within the united states, leads the pack with a state debt totaling $520 billion, followed by new york ($368. Inflation continues to be low, stable and moving towards the 4% target;
Similarly, deduction on family pension for pensioners enhanced from โน. Largely as a result of a severe revenue decline in 2022โ23, the state faces a serious budget deficit.