Deficits
in sentence
2171 examples of Deficits in a sentence
With a falling rate of household saving and the prospect of new fiscal deficits, the current account will soon be negative, forcing Japan to sell its debt to foreign buyers.
Budgetary prudence is both desirable (unsustainable
deficits
owe their name to the fact that they cannot be sustained) and progressive (when things blow up, it is the poor and the vulnerable who suffer the most).
In 2015, the United States had trade
deficits
with 101 countries – a multilateral trade deficit in the jargon of economics.
But the combined
deficits
of the other 100 countries are even larger.
Government budget
deficits
have long accounted for the largest share of America’s seemingly chronic saving shortfall.
The added
deficits
of Sandersnomics, or for that matter those of any other politician, would further depress America’s national saving – thereby exacerbating the multilateral trade imbalance that puts such acute pressure on middle-class families.
This has undermined US competitiveness, punishing workers with the job losses and wage compression that trade
deficits
invariably spawn.
America’s 101 trade
deficits
don’t exist in a vacuum.
I dislike budget deficits, and I have long warned about their dangerous effects.
So, for all four of these reasons, I believe that the benefits of cutting the corporate tax rate more than offset the adverse effects normally attributed to budget
deficits.
The need for reform is self-evident: with structural factors accounting for 75-80% of aggregate budget
deficits
for the euro area in recent years, the Pact’s 3%-of-GDP ceiling for national budget
deficits
has been breached repeatedly since 2002.
If
deficits
are redefined to exclude certain expenditures, the 3% ceiling can be observed.
But Germany’s large surplus owed much to large
deficits
in other eurozone countries, and that imbalance gave rise to the euro crisis after 2009.
In the 1980’s, for example, the IMF was run by highly capable managing directors from France, during a period when huge budget
deficits
and even hyperinflation ran wild in the developing world.
These countries do not have the excessive budget
deficits
that many European countries ran up during the last expansion – and that are culminating in today’s mismanaged sovereign-debt crisis.
Many are running macro imbalances, such as twin current account and fiscal deficits, and confront rising inflation and slowing growth.
We face a historic responsibility: we need to modernize the French economy, and introduce in a few months a decade’s worth of reforms to generate stronger, more inclusive growth, create more jobs, and shrink public
deficits.
These revenues could be used to manage the overall fiscal burden of climate action, as well as to finance cuts in taxes on labor and capital that distort economic activity and harm growth, or to reduce
deficits
where needed.
High budget
deficits
and public-debt burdens will force governments to continue painful fiscal adjustment.
Still, some emerging markets – namely, India, Indonesia, Brazil, Turkey, South Africa, Hungary, Ukraine, Argentina, and Venezuela – will remain fragile in 2014, owing to large external and fiscal deficits, slowing growth, below-target inflation, and election-related political tensions.
Properly capitalizing the banking system would leave countries with smaller deficits, enabling them to regain access to capital markets sooner.
Maintaining low interest rates for private bank loans has been one of the main arguments for reducing budget
deficits.
The idea is that future generations would need to reduce their consumption in order to pay the taxes required to retire the outstanding debt: government
deficits
today “crowd out” the next generation’s consumption.
At the same time, financial deregulation is exactly what led to the 2008 crisis – and to much lower growth, higher unemployment, and bigger
deficits.
Instead of limiting
deficits
and debt, their top priority became cutting taxes – regardless of the consequences.
Under George W. Bush, US budget
deficits
and debt ballooned, and extreme financial deregulation created the conditions for the largest financial crisis since the 1930s, which further increased debt.
With trade wars breaking out, growth would decline, not increase – and the federal government
deficits
would be huge.
The result has been large trade imbalances between eurozone countries, a problem compounded by large fiscal
deficits
and high levels of public debt in southern Europe (and France) – much of it owed to foreign creditors.
For countries that are suffering from weak competitiveness and, as a consequence, running trade deficits, this typically means more revenues, especially in the short run.
Clear statements from policymakers, all the way up to Xi, have indicated that China will not permit any further weakening of the economy next year, even if that means accepting bigger budget
deficits
or easing up on bank deleveraging and monetary tightening.
Back
Next
Related words
Fiscal
Budget
Countries
Large
Trade
Growth
Their
Government
Would
Which
Public
Economic
Rates
Spending
Surpluses
Inflation
Economy
Governments
Interest
External