Deficit
in sentence
2808 examples of Deficit in a sentence
America’s
deficit
is being blown up on both the revenue and expenditure sides.
The pace of
deficit
reduction must be slowed, particularly in Spain, because output is determined in the short run by demand, and private demand cannot replace public demand until a degree of faith in the future is restored.
President Alvaro Uribe’s administration has committed itself to reducing the public-sector
deficit
to below 2.5% of GDP and pursues an export-led recovery which has received widespread acclaim internationally and from business leaders.
The new government implemented an effective and very big program to close a budget
deficit
of roughly 12% of GDP.
There is simply no agreement on how to address glaring problems such as America’s increasingly fragile trade deficit, or financial dysfunction in a number of emerging markets.
In fact, there is no simple relationship between the size of a government’s
deficit
or debt and the interest rate that it must pay.
With a modest fiscal deficit, record-low borrowing costs, and a huge current-account surplus, Germany has the financial firepower to unleash a significant stimulus.
Germany refuses even to allow spending on high-priority infrastructure projects to be exempted from the unrealistic
deficit
targets set by the EU’s new “fiscal compact.”
But a shift toward policies to promote growth, supported by the easing of
deficit
targets and the issuance of Eurobonds, is essential to bring Europe back from the brink of sustained recession, to stabilize Europe’s financial markets, and to prevent another significant disruption to global capital markets.
Over the course of Reagan’s two terms in office, the US budget
deficit
as a share of GDP rose to nearly double what it had been under the two preceding administrations, and the national debt increased by hundreds of billions of dollars more than it otherwise would have.
Israel is, of course, resigned to its numerical inferiority, and will continue to train its soldiers in order to overcome this
deficit.
The decline will likely be sustained by the substantial US current account deficit, which found in Bernanke’s cuts the spark it needed to make its impact fully felt in foreign exchange markets.
Spending it would not add to any country’s fiscal
deficit.
To this day, local governments have to raise extra-budgetary funds to finance the rising
deficit
between revenues and expenditure.
Indeed, the budget's main feature is its commitment to investments in public-sector infrastructure, even at the expense of raising next year's
deficit
from 3.6% to 3.9% of GDP.
The crash came in 2009, as Ireland’s real estate boom turned to bust, leaving the country with large insolvent banks, a collapse in budget revenues, and Europe’s largest budget
deficit.
In the euro’s rise against the dollar, euro bulls supposedly have been reacting to America’s current account deficit, the strong euro-zone economy, and rising euro interest rates.
According to the nonpartisan Congressional Budget Office, the cuts will result in a cumulative
deficit
of about $1.4 trillion over the next decade.
Significantly, the US current account was in slight surplus during the big tax cuts of 1964 and 1981 – in sharp contrast to today’s
deficit
of 2.6% of GDP.
With fiscal deficits likely to push an already-low domestic saving rate even lower – possibly back into negative territory, as was the case from 2008-11 – there is a great risk of a sharply higher current-account
deficit.
And a bigger current-account
deficit
means that the already-large trade
deficit
will only widen further, violating one of the main tenets of Trumponomics – that making America great again requires closing the trade gap.
On the heels of the budget deficits of Reaganomics and the related plunge in national saving, the current account swung sharply into deficit, averaging -2.4% of GDP from 1983 to 1989.
And it has remained in
deficit
ever since (with the exception of a temporary reprieve in the first two quarters of 1991 due to external funding of the Gulf War).
A “dynamic scoring” by the nonpartisan Tax Policy Center suggests growth windfalls might prune the multiyear
deficit
from $1.4 trillion to $1.3 trillion over the next decade – hardly enough to finesse America’s intractable funding problem.
According to SGP rules, the Commission should have proposed a fine to be levied on Spain and Portugal for overshooting their fiscal
deficit
targets by a wide margin.
It proposed ratcheting up the SGP’s so-called excessive
deficit
procedure.
So China can have a trade
deficit
with the Middle East and a trade surplus with the US, but these bilateral balances indicate nothing about China’s overall contribution to global imbalances.
In 2005, the US trade
deficit
was $805 billion, while the sum of the surpluses of Europe, Japan, and China was only $325 billion.
For example, America’s huge agriculture subsidies contribute to its fiscal deficit, which translates into a larger trade
deficit.
A country’s trade
deficit
equals the difference between domestic investment and savings, and developing countries are normally encouraged to save as much as they can.
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