• search

कैलिफ़ोर्निया बजट घाटा

{image-04 hindi.oneindia.com}

Arnold Schwarzenegger: "Our state faces a looming cash crisis. This situation leaves me with no easy choices, choices, only choices with consequences, consequences that will have a direct impact on California families. And so I have a responsibility to make sure that our state has enough money to pay its bills."

The main problem is that some six weeks after California's new fiscal year began, state legislators have failed to agree a budget, which means California, with one of the largest economies in the world, has no way to pay for contractors, for many of the services it provides and, crucially, no plans for how to make up that huge budget shortfall. The Governor's move is designed to put pressure on politicians to resolve the crisis.

In fact some 30 American states face budget deficits, caused by rising costs and falling revenues in a slumping economy. But California's is by far the largest.

Rajesh Mirchandani, BBC

जीवनसंगी की तलाश है? भारत मैट्रिमोनी पर रजिस्टर करें - निःशुल्क रजिस्ट्रेशन!

देश-दुनिया की ताज़ा ख़बरों से अपडेट रहने के लिए Oneindia Hindi के फेसबुक पेज को लाइक करें
For Daily Alerts
तुरंत पाएं न्यूज अपडेट
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more