But economic recovery will come to Italy, moving the budget into surplus.

In 2004, a substantial part of the budget surplus was used to repay public debt.

This article includes a chart representing revenues, expenditures and resulting deficit or surplus of government budget.

More generally, the national debt of any country grows by the size of its budget deficit or declines by the size of its budget surplus.

After undergoing a lot of pain and suffering, Greece is close to posting a primary budget surplus.

If this effort had been continued for two more years, a primary budget surplus could have been realized.

On a cyclically adjusted basis, Greece s overall budget would show a surplus of 0.6 of GDP this year.

The Territory balanced its budget with a surplus and had done so over the last number of years.

The 2005 Budget projected a 10 million decrease in Government spending and envisaged a surplus of 20 million.

In spite of the crisis, Norway in 2009 still had a 9 state budget surplus, and was the only western country to run a surplus as of July of that year.

Yes, the US needs tax increases to move the federal budget into surplus and policies to boost private savings.

Depending on the performance of the operational budget during 2005, any surplus would be used, if needed, in accordance with the purposes and procedures defined for the operational budget.

According to the International Monetary Fund, the budget deficit is declining, and the primary surplus (net revenues minus interest payments) is growing.

There is a general view that financial and corporate restructuring has been largely completed in South East Asia, while budget deficits have narrowed or, as in Thailand, the budget has remained in surplus.

Italy, for example, would save up to 4 of its GDP its budget would move into surplus and fiscal stimulus would replace austerity.

The combination of high corporate saving and low business investment has sustained the current account surplus, allowing Japan to fund its budget deficit domestically.

He commended UNRWA for ending the year 2004 with a budget surplus, but expressed concern that the current year might close with a deficit.

With a large reservoir of surplus savings and a budget deficit of less than 2 of GDP, it has the wherewithal to fund such efforts.

Reflecting these reforms, the International Monetary Fund recently projected that Italy will have a cyclically adjusted budget surplus of nearly 1 of GDP in 2013.

Countries can reduce their national debt by narrowing the budget deficit or achieving a primary surplus (the fiscal balance minus interest payments on outstanding debt).

San Marino is considered to have a highly stable economy, with one of the lowest unemployment rates in Europe, no national debt and a budget surplus.

(h) Surplus

Russia s budget surplus has stood at more than 7 of GDP in the last two years, public debt has dwindled to only 8 of GDP, from 100 in 1999, and the current account surplus has averaged at 10 of GDP for the last eight years.

The combination of economic recovery and lower interest rates would produce a virtuous dynamic in which falling interest rates and a rising budget surplus are mutually reinforcing.

Owing to a strong increase in government revenues and expenditure discipline, Lebanon's primary budget surplus was LL 995.3 billion in 2004, or 3.3 per cent of GDP.

China s Shrinking Trade Surplus

In 2012, Estonia remained the only euro member with a budget surplus, and with a national debt of only 6 , it is one of the least indebted countries in Europe.

The End of China s Surplus

The economy was entering a downturn when Bush took office, but Clinton also left a huge budget surplus 2 of GDP a pot of money with which to finance a robust recovery.

China s budget was actually in surplus and its government debt to GDP ratio was only 21 before the crisis (now it is about 24 ), much lower than any other major economy.

The last surplus was in 1974.

(p) Surplus due to Member States

This provocative behavior lost Greece all potential allies in France and Italy. Worse still, the time wasted on political grandstanding destroyed the primary budget surplus, which was Tsipras s trump card in the early negotiations.

America depends on China s trade surplus and savings to finance its outsize budget deficits, while China relies on its huge exports to the US to sustain its economic growth and finance its military modernization.

A primary budget deficit (or surplus) is the difference between a government s outlays for everything excluding the interest payments that it must pay on its debt and its receipts from taxes and other charges.

Despite signs of a financial recovery since 1999 and a surplus of 35 million at the end of fiscal year 2001, the Territory's budget ran back into deficit in fiscal year 2003 ( 4.6 million).

There is an enormous surplus of commanders.

(b) Surplus deficit position of the fund

This also implies that if Greece could escape from its current recession, its national debt would decline, both absolutely and as a share of GDP. More generally, the national debt of any country grows by the size of its budget deficit or declines by the size of its budget surplus.

From 2005 to 2008, China s bilateral surplus with the United States increased by 41 , and its trade surplus with Europe more than doubled.

Europe almost doubled its surplus in 2000 2003.

CAMBRIDGE China s current account surplus the combination of its trade surplus and its net income from foreign investments is the largest in the world.

Saudi Arabia also has a bilateral and multilateral surplus Americans want its oil, and Saudis want fewer US products. Even in absolute value, Saudi Arabia s multilateral merchandise surplus of 212 billion in 2008 dwarfs China s 175 billion surplus as a percentage of GDP, Saudi Arabia s current account surplus, at 11.5 of GDP, is more than twice that of China.

They observed that each province in British India, including Burma, had a surplus of foodgrains, and the annual surplus was 5.16 million tons (Bhatia, 1970).

Clay Shirky How cognitive surplus will change the world