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Deficits in sentence

2171 examples of Deficits in a sentence

In Europe, the gap was filled by public services – free education, health care, etc. – that were not fully financed by taxes, fueling public deficits and debt.
Those flaws were reflected in yawning fiscal deficits, regulatory overkill, and a lack of economic dynamism that led to sclerotic growth then and the eurozone’s sovereign-debt crisis now.
As these trends coincided with high trade deficits, the two issues became politically intertwined, even though most studies show that automation has been a much more important factor in the decline of manufacturing as a share of overall employment.
Ignore the fact that bilateral balances are irrelevant for welfare when countries run surpluses with some trade partners and deficits with others.
Populists are demagogues who promise the unaffordable; they are willing to run deficits and incur debts that our grandchildren will have to repay.
To be sure, the US government is increasing its budget deficits to put a floor under demand.
So, despite the rise in the household saving rate, unless federal government policies change to shrink America’s future budget deficits, the US will continue to be dependent on capital inflows from the rest of the world.
But today, with tax rates much lower, cuts of that size would result in huge increases in fiscal deficits.
And with debt levels already high and large deficits ahead, such supply-side measures would be reckless.
To be sure, large deficits can be benign or even desirable during recessions and wars, or when used to finance productive public investments; and in a deep, long-lasting downturn, with interest rates at or near zero, a well-timed, sensible fiscal response can theoretically help in the short term.
The US can finance these deficits in the short term – in fact, interest rates on US Treasuries have recently fallen to record low levels.
With protracted recession in Europe and slowdowns in emerging markets, concern about budget deficits has given way to apprehension about growth.
So long as foreign investors and central banks are content to continue piling up holdings of US debt, America can go on spending whatever is needed to sustain its many security commitments around the world, as well as finance its trade and budget deficits.
There is another irony: some of the same Australians who have criticized the deficits have also criticized proposals to increase taxes on mines.
In many countries, current budget deficits are the result not of reckless government overspending, but of temporary measures to deal with the crisis.
What is needed is a grand bargain, with countries that lack policy credibility undertaking structural reforms without delay, in exchange for more room within the EU for growth-generating measures, even at the cost of higher short-term deficits.
On the other hand, the review changes nothing concerning the two yawning holes – the twin fiscal and external deficits – in the national accounts.
But those rules were steadily weakened, and by the early 2000’s were widely derided (including by Romano Prodi, Delors’ successor as President of the European Commission), as governments found that they could run large deficits without paying higher market interest rates.
Financial stability, strong productivity, flexibility and dynamism make the US one of the choice places for capital, and this influx of capital finances America's large current account deficits.
Of course the dollar would fall in no time, and substantially so - enough to shrink the deficits or bring in capital to take advantage of a now undervalued dollar.
Countries with large current-account deficits (such as Turkey) will remain hostage to skittish market sentiment.
All available resources should be put to work in the war effort, even if that requires running up budget deficits.
Instead, they have produced record increases in budget deficits, particularly during the terms of Ronald Reagan and George W. Bush.
While it runs a large trade deficit with China, it also runs deficits with 87 other countries.
Exploiting what Valéry Giscard d’Estaing called the “exorbitant privilege” of the world’s reserve currency, the US borrowed surplus savings from abroad on very attractive terms, running massive balance-of-payments, or current-account, deficits to attract foreign capital.
In an era of open-ended US government budget deficits and chronic shortfalls in personal saving, America is doomed to suffer subpar savings and massive multilateral trade deficits for as far as the eye can see.
After all, America’s 88 deficits did not arise of thin air.
This requirement of the eurozone’s Stability and Growth Pact, specified by Article 126 of the Treaty on the Functioning of the European Union, applies to member states that fail to meet their commitments to bring their budget deficits below 3% of GDP.
Indeed, Europe has overcome what could be described as the “original sin” of the single-currency project: the Maastricht Treaty’s prohibition of “monetary financing” of government deficits by the ECB and the related ban on mutual support by national governments of one another’s debt burdens.
In January, ECB President Mario Draghi effectively sidestepped both obstacles by launching a program of quantitative easing so enormous that it will finance the entire deficits of all eurozone governments (now including Greece) and mutualize a significant proportion of their outstanding bonds.
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