Deficit
in sentence
2808 examples of Deficit in a sentence
This is negligible relative to the US fiscal deficit, which might reach close to $1 trillion this year.
In terms of transforming a large primary
deficit
into a surplus, few countries have accomplished anything like what the Greeks have achieved in the last five years.
The IMF puts Russia’s inflation rate at 6.9% in 2013, with unemployment at 5.5%, while the budget
deficit
was just 0.3% of GDP.
Egypt’s budget
deficit
reached 10% of GDP, while its foreign-exchange reserves have fallen to $15 billion – barely enough to cover the country’s import bill for the next three months.
In Tunisia, too, the budget
deficit
has widened sharply in the wake of the revolution, rising from 2.6% of GDP in 2010 to 6% in 2011.
We did not know if the UK’s banking crisis was over; if its very large fiscal
deficit
(amounting to nearly 12% of GDP) was sustainable; or what the interest rate would be in two years, much less 20.
In March 2010, Darling vowed to reduce the
deficit
to 5.2% of GDP by 2013-2014.
Under his Conservative successor, the actual
deficit
in that year was 5.9%.
But that presupposes what he cannot prove: that a larger
deficit
could have been run without any costs.
The NSS’s proposals for dealing with foreign trade combine some valuable initiatives with a false analysis of the causes of the United States’ trade
deficit.
Basic economics tells us that the US trade
deficit
reflects the aggregate levels of domestic saving and investment.
More specifically, the size of the US trade
deficit
– imports minus exports – equals excess of US investment over US national saving.
So, to reduce the trade deficit, households, businesses, and governments must increase their saving – obviously the preferred solution – or invest less.
China may not have an infrastructure deficit, but it has something else: large construction companies that welcome the opportunity to undertake additional projects abroad.
They claim that America’s current-account
deficit
(or trade deficit), which is in fact the result of America’s low and falling saving rate, is an indicator of unfair trade practices by Germany and China, two current-account surplus countries.
A country runs a current-account
deficit
if investment exceeds national saving, and runs a surplus when investment is less than national saving.
For a country with a balanced current account, a
deficit
can arise if its investment rate rises, its saving rate falls, or some combination of the two occurs.
Suppose, conversely, that the US imposes new import barriers in response to its current-account
deficit.
The trade
deficit
could fall if the import barriers were in the form of trade taxes that lowered the budget
deficit
(thereby raising government saving) but that effect would work through the budget, not through trade policy per se.
To reduce its current-account deficit, the US must either save more or invest less in its economy.
Every president since Ronald Reagan has promised “middle-class tax cuts” and other tax breaks, undermining revenues and leaving the federal budget in chronic
deficit.
With a larger budget deficit, America’s current-account
deficit
would soar as well, just as it did when Reagan’s tax cuts expanded the federal budget
deficit
sharply in the early 1980s.
One can imagine that the rising trade
deficit
would then lead to even more outlandish claims by Trump and his officials about alleged Chinese and German trade perfidy.
In Europe We DistrustMADRID – For decades, critics of the European Union have spoken about a democratic
deficit.
I never accepted that reproach of the EU and its institutions, but I do see a new and dangerous
deficit
within the Union – a trust deficit, both among governments, and among the citizens of various member countries.
But few official pronouncements, let alone policies, are addressing Europe’s
deficit
of trust and credibility.
The EU’s supposed democratic
deficit
is a corollary of the “technocratic imperative” that has emerged as a favorite scapegoat in the ongoing European drama.
Brazil should have been downgraded below investment grade last year, as the economy struggled with a widening fiscal deficit, a growing economy-wide debt burden, and a weak and worsening business environment.
Governor Jerry Brown (who was also Governor in the 1970’s) inherits a budget
deficit
of $26 billion.
Spending is temporarily reduced and taxes raised, but the long-run structural
deficit
remains, a pattern now repeated in many state capitals and the primary reason for the current political turmoil over budgets and public sector unions.
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