The fiscal deficit continues to present a daunting challenge in Japan.

That is how the turnaround of the economy took place by reducing the fiscal deficit and converting the external balance of payments from deficit to surplus.

In a fairly large number of countries, fiscal deficits have been reduced.

BERKELEY The United States is beset by four deficits a fiscal deficit, a jobs deficit, a deficit in public investment, and an opportunity deficit.

Fiscal deficits must be cut to reduce debt levels.

None of this would be enough to save Greece, where the fiscal deficit is 7.5 of GDP, or Portugal, where it is 5 of GDP.

Unfortunately, the US fiscal deficit is projected to remain high for many years.

So, yes, more immediate growth does require slower reduction in fiscal deficits.

We can apply this reasoning to the United States unsustainable fiscal deficit.

In addition, efforts to reduce the fiscal deficits further will continue to be vigorously pursued.

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Willingness to hold the dollar may be undercut by concern with America s twin fiscal and external deficits.

A large fiscal deficit increases the need for foreign funds to avoid crowding out private investment.

Reversing the upsurge in fiscal deficits is also critical to the global economy s health.

In fact, there is a strong risk that this legislation would ultimately add to the fiscal deficit.

Federal legislation

In contrast to monetary policy, the US president does have a powerful and direct impact on future fiscal deficits. If the presidential promise to reduce the fiscal deficit was really a commitment to cut spending and raise taxes, we could see today s dangerous deficit trajectory be reversed.

Large US budget deficits during Ronald Reagan s presidency generated the famous twin fiscal and trade deficits of the 1980 s.

At the same time, the fiscal deficit is more than 7 of GDP.

To be sure, executives and entrepreneurs like to shake their heads over the current US fiscal deficit.

We first of all tackled the fiscal deficit issue by reducing our expenditures, which were mainly on the establishment we reduced establishment costs.

18. The non financial public sector deficit (including grants) increased to 4.1 per cent.

So I think that the oil blowout, the bank bailout, the mortgage crisis and all these things are absolutely symptoms of the same cause.

In cases of incapacity due to illness the worker is granted sick leave on full or half pay in accordance with article 111 of the Federal Act on State Workers.

Federal Penal Code

Federal Housing Act.

For example, Egypt s fiscal deficit will exceed 11 of GDP this year.

A tighter Fiscal Compact would practically eliminate the risk of default.

The long term consequences of the resulting surge in fiscal deficits are serious.

The fiscal deficit in the United States this year is likely to exceed 10 of GDP.

But certain fiscal decisions, and most critically the level of the fiscal deficit, can be delegated to an independent board.

19. The stabilization programmes implemented in recent years considerably reduced fiscal deficits.

Chapter III discusses financial and budgetary issues and refers to the financial shortfall facing the Agency for the second year.

In 1993, the financial shortfall forced UNRWA to impose austerity measures amounting to some 14 million.

If the presidential promise to reduce the fiscal deficit was really a commitment to cut spending and raise taxes, we could see today s dangerous deficit trajectory be reversed.

Monetizing the fiscal deficits would then become the path of least resistance running the printing presses is much easier than politically painful deficit reduction.

Like Argentina, Greece has a fixed exchange rate, a long history of fiscal deficits, and an even longer history of sovereign defaults.

The budget proposals put forward by presidential candidate Mitt Romney and his running mate, Paul Ryan, could reduce the fiscal deficit, but would exacerbate the other three.

Second, the effects of austerity were exacerbated by the choice to pursue nominal, rather than structural, fiscal deficit targets.

Yes, the soaring deficits may contribute somewhat to international financial instability.

And that would push a 7 of GDP fiscal deficit to 11 .

Even so, the danger of fiscal deficits and inflation persist in several countries.

A spike in defaults could destabilize the entire financial system and trigger an economic downturn.

And negotiations are under way to cut spending more and raise taxes in order to reduce further the fiscal deficits projected for 2011 and later years.

We must make a distinction between fiscal deficits related to current expenditures and investment spending.