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Deficit in sentence

2808 examples of Deficit in a sentence

The differences between the new and old cycle are starkly revealed in attitudes toward the trade deficit.
Wages have stagnated despite strong productivity growth, while the trade deficit has set new records.
The 2010 program committed Greece to turn a primary fiscal deficit (excluding debt service) of 5% of GDP into a 6% surplus; but the austerity needed to deliver that consolidation produced a deep recession and a rising debt ratio.
Now the eurozone is demanding that Greece turn its 2015 primary deficit of 1% of GDP into a 3.5%-of-GDP surplus, and to maintain that fiscal stance for decades to come.
In 2010, the IMF described how Japan could reduce net debt (excluding government bonds held by quasi-government organizations) to a “sustainable” 80% of GDP by 2030, if it turned that year’s primary fiscal deficit of 6.5% of GDP into a 6.4%-of-GDP surplus by 2020, and maintained that surplus throughout the subsequent decade.
Instead, the new scenario foresaw that year’s 6%-of-GDP deficit swinging to a 5.6% surplus by 2020.
Its latest forecasts suggest a 2020 primary deficit still above 3% of GDP.
If they get their way, these self-professed fiscal conservatives will blow up the budget deficit, just as they did in 1981 under Reagan, and just as they did again in 2001 and 2003, thanks to the massive tax cuts enacted under President George W. Bush.
There is good reason to fear much more serious long-term consequences of the rise in the budget deficit, owing to two key issues of timing – one cyclical and the other demographic.
In short, this is the wrong time to be increasing the budget deficit and borrowing more – particularly with interest rates set to rise further.
This year, the public-sector budget might move from a small deficit to what German officials call a “black zero” – a very small surplus.
The euro’s recent rise against the dollar is a case in point: by most accounts, euro bulls have been reacting to the enormous US current account deficit, a surging euro-zone economy, and rising euro interest rates.
All of this chaos is the consequence of a massive fiscal deficit that is being financed by out-of-control money creation, financial repression, and mounting defaults – despite a budget windfall from $100-a-barrel oil.
Nowhere is this clearer than in discussions of the United States’ trade deficit and global financial imbalances, given economists’ tendency to reduce most economic problems to questions of savings.
Most economists go a step further, asserting that the US deficit is caused by a savings shortage.
But, since one country’s trade deficit is another’s surplus, US Federal Reserve Chairman Ben Bernanke has argued for turning the conventional logic on its head: rather than resulting from a savings shortage, the US trade deficit is the result of a global savings glut – especially in China.
And, according to the non-partisan Congressional Budget Office, America’s financial health will suffer as well, with an estimated $1.214 trillion added to the deficit by 2027.
The “trade deficit” he was creating, the authorities worry, would deplete the stock of gold in Venice, while creating jobs for Chinese, rather than for Venetians.
In this imaginary history, Venice assembles a council of experts to decide whether the risks posed by the trade deficit merit retaliation in the form of tariffs, quotas, or potentially even a ban on trade with China.
Challenging the trade deficit, they tell him, can imperil the V$’s reserve-currency status.
Moreover, the Venetian deficit amounts to just 3.4% of Venice’s massive GDP.
On the contrary, most forecasters expect 2005 to be weaker than 2004, with growth insufficient to eliminate the "job deficit" - the gap between the number of jobs needed during the past four years to provide employment for new labor-market entrants and the actual number of jobs created.
True, the economy was slowing when Bush took office, but he also inherited an enormous fiscal surplus, amounting to 2% of GDP, which he transformed into a yawning deficit, equaling 4.5% of GDP.
By 2009, the US budget deficit had climbed to more than 10% of GDP, thanks to increased expenditures and plummeting tax revenues during the recession.
Overall public debt, to which each year’s deficit adds another hefty dollop, is projected to exceed 100% of GDP in 2011, up from around 40% in the late 1970’s.
Countercyclical spending and tax policy are widely acceptable to experts and taxpayers alike, but deficit spending on wars is known to be a paltry way to stimulate the economy.
And, despite price controls, inflation is above 200%, because the central bank monetizes a fiscal deficit of more than 20% of GDP.
When a country suffers from such a data deficit, its public-health policies, budgets, and strategies are decided by political expediency or guesswork.
For starters, Latvia, like the other Baltic states, was running an enormous current-account deficit when the crisis started.
Seen in this light, it is not at all surprising that Latvia’s GDP is now still more than 10% below its pre-crisis peak; after all, no country can run a current-account deficit of 25% of GDP forever.
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