Reducing the government budget deficit is a major goal of the current government.

Restrictions on budget deficits are a start, but are not sufficient.

In addition to the trade and budget deficits, there is a jobs deficit.

But Obama s message lost touch with reality when he turned his attention to the budget deficit.

Instead, for four years they pretended that budget deficits were of little concern.

The percentage of federal budget that NASA has been allocated has been steadily dropping since the Apollo program and in 2012 it was estimated at 0.48 of the federal budget.

High budget deficits caused the 1998 Russian financial crisis and resulted in a further GDP decline.

As for Germany, the 2010 federal budget features a record high deficit of well above 50 billion.

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

Large budget deficits have led to high inflation in countries that are forced to create money to finance those deficits because they cannot sell longer term government bonds.

In just two years, Greece s budget deficit jumped from 4 of GDP to 13 .

So, to meet the budget shortfall, a staggering 44.3 trillion in government bonds will be issued.

Greece s membership in the eurozone was also a principal cause of its current large budget deficit.

Due to the huge US budget deficit, the supply of American government bonds will increase astronomically in the years ahead.

The CBO s baseline budget assumes that all of the deficit reducing features in current law will remain unchanged.

The most important measures required cutting budget deficits, often at the cost of lowering public expenditures.

Note 3 The short fall in this project is being covered through a transfer of 2,766,500 from the regular alterations budget.

But if they maintain large budget deficits and continue to monetize them, at some point after the current deflationary forces become more subdued bond markets will revolt.

Years later, he spoke of his own rather cavalier attitude toward the budget deficit and other monetary or fiscal problems.

Budget deficits automatically increase government debt, requiring higher future taxes to pay the interest on that debt.

But trying to redress budget deficits in the midst of a collapse in domestic demand makes problems worse, not better.

Especially in a country, like Italy, already strained by years of government mismanagement, and where to the budget and democratic deficits, an information deficit needs to be added to the equation.

Inflation has been higher than in some other countries mostly in the 10 range and the government has run consistent modest budget deficits.

They fear, rightly, that sooner or later everyone else will begin demanding that the budget deficit be closed in part by raising taxes on the rich.

In that case, the stimulus will have little positive effect on household spending, but will worsen the budget deficit.

An even bigger question mark hovers over what might be the greatest national security concern of all the federal budget deficit.

That will disappear, and it will leave behind a heavy burden of foreign debt that will be further swollen by the budget deficits of the next few years. Consumption as a share of GDP has to fall.

Moreover, the Bush administration cut taxes for the rich as it went to war, despite running a budget deficit. As a result, it has had to use deficit spending much of it financed from abroad to pay for the war.

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.

The budget deficit is again out of control, and well over the 3 of GDP Maastricht ceiling.

The new government implemented an effective and very big program to close a budget deficit of roughly 12 of GDP.

The fifth option is to tighten fiscal policy and reduce budget deficits with the aim of lowering the high interest rates that drive the inflows.

The budget deficit will likely be in the range of 8 10 of GDP, even if growth comes back to some extent.

A federal budget that achieves primary balance has federal revenues equaling spending but with a remaining budget deficit as a result of interest payments on past debt.

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.

But, if governments maintain large budget deficits and continue to monetize them as they have been doing, at some point after the current deflationary forces become more subdued bond markets will revolt.

Over the last two years more than 850 million roubles from the federal budget have been spent in implementing the measures provided under this programme and its subprogrammes in the Russian Federation.

It is already clear that the EU s recently agreed fiscal compact will not constrain budget deficits or reduce national debts.

But if we turn to America s government, we see an enormous pretense that the current budget deficit is not a problem.

Because of economic recession, it was often not possible to reduce budget deficits, either by reducing government expenditures or by increasing taxes.

At the onset of its crisis, Argentina s budget deficit, public debt, and current account deficit (as a share of GDP) were about 3 , 50 and 2 , respectively.

It is less easy to rationalize why the US government is continuing to run budget deficits despite a cyclical boom.

The US has reached the practical limits of reliance on short term stimulus spending, and will need to start cutting the budget deficit and fostering alternative pathways to growth.

The government has maintained a sound fiscal policy, despite consecutive budget deficits in 2002 and 2003, and a negligible level of foreign debt.

After euro banknotes with Greek motifs had already been printed and distributed, Eurostat, Europe s statistics agency, reported that Greece s deficit had actually been 3.3 of GDP in 1999.