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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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The government expects a public sector deficit of 4.
Mike Learmond, Federation of Small Businesses Regional Organiser for North Wales, revealed three quarters of small businesses thought the coalition government should cut spending to tackle the public deficit, and six in 10 said they were more willing to accept cuts in public spending because of the size of the public sector deficit.
Author: Michele Kambas CYPRUS must urgently trim widening public sector deficits to safeguard a nascent economic recovery and avert more dramatic cost cutting which could slash salaries and pensions, Central Bank governor Athanasios Orphanides said yesterday.
 
 
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