Public Sector Deficit

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Public Sector Deficit

A situation in which government spending of money exceeds taxes collected. That is, a public sector deficit occurs when a government spends more than it receives in a given period of time, usually a year. The deficit adds to the government's debt, and, therefore, many analysts believe that public sector deficits are unsustainable over the long-term. See also: Surplus.
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We expect all of the large rated GCC economies, except Kuwait, to post general government deficits in 2015 and 2016," Trevor Cullinan, Director and sovereign analyst with Standard & Poor's told Gulf News.
In 2013, Luxembourg registered a government surplus, Germany was close to balance, and the lowest government deficits in percentage of GDP were recorded in Estonia, Denmark, Latvia and Sweden.
In 2012 the lowest government deficits in percentage of GDP were recorded in Estonia (-0.
The IMF sees emerging markets as enjoying steady growth above 5 per cent in 2012-14, while their government deficits hold steady at just over 2 per cent for the same period.
He suggested that the country should shift its target export markets from euro nations to other countries, adding that such a move would bridge government deficits over the medium and long term, as the government would get more revenues from taxes that exporters would pay on their profits.
The remarks come after the Bundesbank effectively scuttled a plan by the Group of 20 nations, under which the IMF would have mobilised new funds to tackle the euro-zone debt crisis, saying that the plan was equivalent to printing money to finance government deficits.
General government deficits have averaged 8 per cent of GDP in the last five years.
General government deficits have averaged eight per cent of GDP during the last five years.
The European Commission said on September 21 that it had concluded that authorities in Romania and Lithuania had acted in accordance with its recommendations relating to the correction of their respective excessive government deficits.
Honest figures are supposed to underpin the Euro, whose international value depends on member government deficits staying within set limits.
The system will be compiled based on such indicators as government-deficit growth, ratio of government's budget deficit to gross domestic product, share of special budget in GDP, and share of interest payment for government deficits in its total outlay.
Abbott expressed concern that federal government deficits could bring increased interest rates that will hit individuals carrying large amounts of credit card debt particularly hard.
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