Deficits
in sentence
2171 examples of Deficits in a sentence
Because those
deficits
are the primary cause of America’s current-account deficit – and thus of global imbalances – the health-care debate’s outcome will affect governments and investors around the world.
If the cost and financing estimates are accurate, and if Congress does not change any of these provisions in the future, the CBO’s calculations imply that the Senate Finance Committee plan would reduce fiscal
deficits
between now and 2019 by $49 billion, less than 1% of the projected
deficits
of more than $7 trillion.
It is clear that there is a significant danger that the current legislation would add substantially to future US
deficits
– and establish a precedent for even more expensive expansions of health care in the future.
This would come on top of the currently projected fiscal
deficits
in both the near term and over the coming decade – and before America’s demographic shift substantially raises the cost of Social Security and Medicare.
Financing development aid with SDR’s – or even to replace budget-financed aid with such allocations – is comparable to financing budget
deficits
with central bank money.
In fact, China has run investment-account
deficits
for six of the last nine years, with preliminary statistics suggesting a deficit of $57.4 billion in 2012.
They urge China’s government to reduce its export subsidies and to allow the yuan to appreciate, expecting such measures to reduce their trade deficits, help their economies recover, and create more jobs.
The sovereign-debt crisis started with weak fiscal positions and doubts about the sustainability of public debts, combined with structural
deficits
that led to a loss in competitiveness.
The focus on “structural deficits” should be replaced by a simpler spending rule that is less dependent on the economic cycle.
Its primary beneficiaries were Southern European countries, which had sold a disproportionately large share of their government bonds to foreign investors to finance their huge current-account
deficits
in the decade leading up to the global financial crisis.
The Dollar’s Long TailNEW DELHI – The ongoing economic crisis and the persistent
deficits
of the United States have increasingly called into question the dollar’s role as the world’s anchor currency.
The flaw in the system was that it underpinned global economic expansion for only as long as the US was willing to provide dollars by running up
deficits
– the same
deficits
that would eventually undermine America’s ability to maintain the $35/ounce gold price.
Its soaring
deficits
and unsustainable debts were symptoms of serious pathologies: a dysfunctional public sector, an uncompetitive private sector, and an elite that abdicated its responsibilities and, rather than facing the challenges of the day, used the state as a means to supply jobs to political loyalists.
What about taxpayers, already beleaguered by unprecedented deficits, and with bills still to pay for decaying infrastructure and two wars?
Increasingly, the Republican Party, once a fairly normal political party, has granted itself a license to live in an alternate reality – a world in which George W. Bush did find the weapons of mass destruction that he had thought were in Iraq; tax cuts eliminate budget deficits;Obama is not only a Muslim but was born in Kenya and thus should be disqualified from the presidency; and global warming is a hoax concocted by a cabal of socialist scientists.
Over the past 35 years, America has consistently opted for the latter, running balance-of-payments
deficits
every year since 1982 (with a minor exception in 1991, reflecting foreign contributions for US military expenses in the Gulf War).
With these deficits, of course, come equally chronic trade
deficits
with a broad cross-section of America’s foreign partners.
Astonishingly, in 2017, the US ran trade
deficits
with 102 countries.
The multilateral foreign-trade
deficits
of a saving-short US economy set the stage for perhaps the most egregious policy blunder being committed by the Trump administration: a shift toward protectionism.
Further compression of an already-weak domestic saving position spells growing current-account and trade
deficits
– a fundamental axiom of macroeconomics that the US never seems to appreciate.
The growing fiscal
deficits
in Greece over the last decade were essentially the result of a massive increase in the size of state social benefits, from 20% to close to 30% of GDP, without any significant increase in tax revenues.
Official financing needs would then be much more limited, and the IMF/EU package of around €45 billion should be sufficient to cover most of the progressively lower
deficits
over this grace period.
Avoiding budget deficits, as Germany is now seeking to do, will be of no benefit to future generations if the price is the erosion of the main foundation of our prosperity: a peaceful and prosperous Europe.
It won’t be, not least because the Republicans’ initial proposals would add trillions of dollars to budget deficits, and funnel over 99% of the benefits to the top 1% of the income distribution.
And, third, if tax cuts and increased military and infrastructure spending push up
deficits
and the public debt, interest rates will have to rise.
One Bundesbank director says that the constitutions of all EMU candidates should be rewritten to outlaw large government budget
deficits.
Over the last two years, the eurozone's other peripheral countries have proven their capacity for adjustment, by reducing their fiscal deficits, expanding exports, and moving to current-account surpluses, thereby negating the need for financing.
To be sure, one can reasonably argue that austerity in the eurozone has been excessive, and that fiscal
deficits
should have been much larger to sustain demand.
By financing continued
deficits
until 2013, the troika actually enabled Greece to delay austerity.
The interest rate on Japan’s ten-year government bonds is now less than 1% – the lowest in the world, despite a very high level of government debt and annual budget
deficits.
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