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Deficit in sentence

2808 examples of Deficit in a sentence

The current-account deficit has been almost eliminated, and the banking crisis contained.
Meanwhile the market is mispricing perennial structural challenges, in particular mounting and unsustainable global debt and a dim fiscal outlook, particularly in the US, where the price of this recovery is a growing deficit.
The Congressional Budget Office, for example, has forecast that the US deficit is on course to triple over the next 30 years, from 2.9% of GDP in 2017 to 9.8% in 2047, “The prospect of such large and growing debt,” the CBO cautioned, “poses substantial risks for the nation and presents policymakers with significant challenges.”
In the run-up to its debt crisis in 2010, the government’s primary budget deficit (the amount by which government expenditure on goods and services exceeds revenues, excluding interest payments on its debt) was equivalent to an astonishing 10% of national income.
But even if Greece’s debt had been completely wiped out, going from a primary deficit of 10% of GDP to a balanced budget requires massive belt tightening – and, inevitably, recession.
In addition to unhappiness with the housing shortage and the state of the economy (particularly the large budget deficit), their vote reflected the sense that radicals in Netanyahu’s coalition were carrying the country to the extreme right.
Growth is endangered, the ruble is weak, and the government budget is in deficit.
The Making of China’s Trade DeficitBEIJING – China registered a monthly trade deficit of $7.2 billion in March 2010, its first since April 2004.
China’s March trade deficit indicates, first of all, that it is incorrect to claim that Chinese economic growth depends mainly on exports.
In that case, the trade deficit recorded in March could be at least 40% higher.
The result is the March trade deficit, caused mainly by exceptionally high annual import growth (65%) coupled with relatively low export growth, which reached a nominally impressive 24% only because of the sharp decline recorded in the base period.
The problem currently is that a trade deficit has emerged at a time when the national saving rate is as high as 51%.
That share fell further, to 9% because of misguided macroeconomic policies, especially during the Reagan era, when deficit spending and overly tight monetary policy caused the dollar to soar, undermining competitiveness.
Similarly, Argentina's export industries were unlikely to attract investors, regardless of the fiscal deficit, given the overvalued exchange rate, low export prices, and the many foreign markets that remain closed to Argentine goods.
The really important target for any country starting an adjustment program with a double-digit current-account deficit must be export growth.
While the primary deficit (before interest payments) in 2002 was similar among countries with and without important natural resources, in 2007, the former showed a surplus equivalent to 3.8% of GDP – compared to 1.6% of GDP for non-commodity-exporting countries.
Whereas Chile, for example, recorded a slight fiscal deficit in 2003, by 2006 it boasted an almost 8%-of-GDP surplus.
Likewise, thanks to the discovery of gas, Bolivia turned its 8%-of-GDP fiscal deficit in 2003 into a surplus of 1.2 of GDP in 2006.
So, to prevent a spiral of ever-deepening recession, the periphery needs real depreciation to improve its external deficit.
According to the World Health Organization, the annual funding deficit for TB research and development is more than $1.3 billion, a shortfall that is exacerbated by a lack of market incentives within the pharmaceutical industry.
In response, current-account balances – the Achilles’ heel of the so-called East Asian growth miracle – went from deficit to surplus.
A similar transformation occurred in South Korea, where a 2.8% current-account deficit in 1996-1997 became an 8.6% surplus in 1998-1999.
These are hard promises to keep, for the simple reason that a budget deficit equals government spending minus tax revenue.
Hubbard and Mankiw advised former President George W. Bush in his first term, when he cut taxes and transformed a record surplus into a record deficit.
The audience is now told that losing tax revenue and widening the budget deficit was the plan all along.
The performer explains that the deficit is all the fault of congress for not cutting spending and that the only way to tame the beast is to raise the budget deficit because “Congress can’t spend money it doesn’t have.”
By the time the crowd realizes that it has been conned, the magician has already pulled off the greatest trick of all: yet another audience that came to see the deficit shrink leaves the theater with the deficit bigger than before.
Greece largely succeeded in following the dictate set by the “troika” (the European Commission the ECB, and the IMF): it converted a primary budget deficit into a primary surplus.
The EMF could receive a levy that would be proportional to any fiscal deficit in excess of 3% of GDP and public debt in excess of 60% of GDP – the caps imposed by the Stability and Growth Pact.
I acknowledge that we have an enormous trade deficit with the rest of the world (about $800 billion this year, or 4% of US GDP) and that our trade deficit with China is about half of that total (about $400 billion).
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