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Deficit in sentence

2808 examples of Deficit in a sentence

Based on the unexpected slowdown in spending growth during the last few years, the Congressional Budget Office recently cut its ten-year projections for these programs by 3.5%, reducing the ten-year deficit by $382 billion.
Although the US trade deficit fell to $375 billion in 2009, from $702 billion in 2007, the adjustment came entirely from a sharp decline in imports, from $2.35 trillion to $1.95 trillion, whereas exports actually fell slightly, from $1.65 trillion to $1.57 trillion.
But the scope of the export sector itself will have to expand in order to generate sufficient employment and reduce the external deficit.
They argue that with borrowing costs so low, deficit spending is virtually free, and we need not worry about high debt levels.
Indeed, the US current-account deficit is widening once again just as Germany’s current-account surplus is expected to hit a high of about 8.5% of GDP this year (about three times China’s ratio).
The country has sensibly resisted pressure from the European Commission to take more aggressive steps to reduce its deficit, which, at 5.9% of GDP, was the European Union’s third highest last year.
That will renew the current-account deficit and worsen Spain’s already weak net-external-asset position.
Four Steps to US Fiscal HealthWASHINGTON, DC – The United States has a significant budget deficit, likely to be $1.3 trillion (10% of GDP) this year, and the long-term forecasts are worrying.
According to CBO data, the ACA will reduce the long-term fiscal deficit by two percentage points of GDP per year.
The US used $13 trillion to cover its deficit and the rest to invest abroad.
Thus, an economic policy that tackles America’s debt and deficit makes up the main portion of the Strategy.
The US let its fiscal deficit rise above 10% of GDP, compared to less than 6% of GDP in the eurozone.
In the US (and the United Kingdom), the general government deficit today is still around 8% of GDP, compared to a little more than 3% of GDP in the eurozone, and the US debt/GDP ratio has increased by more than 41 percentage points, compared to “only” 25 points in the eurozone.
Countries like the US and the UK, which are accumulating debt at a record pace, are betting that deficit spending will eventually pay off in a stronger economy.
But, ironically, attention has focused on the fact that some of the investment money was not spent as well as it might have been, and on the fiscal deficit that the downturn and the government’s response created.
For an American, there is a certain amusement in Australian worries about the deficit and debt: their deficit as a percentage of GDP is less than half that of the US; their gross national debt is less than a third.
Cutting back on high-return investments (like education, infrastructure, and technology) just to reduce the deficit is truly foolish, but especially so in the case of a country like Australia, whose debt is so low.
Indeed, if one is concerned with a country’s long-run debt, as one should be, such deficit fetishism is particularly silly, since the higher growth resulting from these public investments will generate more tax revenues.
Not only does one negotiate with the illegitimate “moderates,” but it is precisely because of their legitimacy deficit that the moderates are forced to be unyielding on core issues, lest the radicals label them treasonous.
The Palestinian negotiators’ dangerous deficit of legitimacy – and, indeed, the disorientation of the entire Palestinian national movement – is reflected in the return of the PLO to its pre-Arafat days, when it was the tool of Arab regimes instead of an autonomous movement.
Nothing changes the grim reality that America’s current-account deficit is headed to more than 3% of nominal GDP, implying increased reliance on foreign investors.
The budget deficit will surpass $1 trillion this year, and, with growth already above its potential rate and unemployment well below its natural rate, the cyclical argument for such stimulus is weak.
Declining investment rates in Japan, the newly-industrializing Asian economies, and Latin America, in that order of importance, have fueled the flood of savings into US government bonds, US mortgage-backed securities, and US equity-backed loans – the capital-account equivalent of America’s enormous trade deficit.
Now that America's recovery is underway - and it arises from a slump not a recession - the current account deficit will widen even further and in no time discussions about the unsustainable high-flying dollar will become fashionable again.
Until recently, the region maintained a trade surplus with the US, but with liberalization, the region will increase imports of more affordable goods, thereby turning the surplus into a deficit.
In the years between 1995 and 2002, Mexico's annual trade deficit with the US increased to $1 billion.
The widening budget deficit and rising national debt will also push up long-term interest rates.
The federal budget deficit is projected to increase from about 3.5% of GDP in recent years to 5% in 2018 and for the rest of the decade.
Indeed, it is a failure of governance that has characterized the Stability and Growth Pact, designed (largely by Germany) to ensure sound macroeconomic policy by limiting national debt and deficit ratios.
Recently adopted changes create a more sensible and graduated system for sanctioning recalcitrant countries, but still leave the decision to initiate an excessive deficit procedure to member states, rather than establishing the more automatic mechanism sought by the European Commission.
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