4 billion cyclical loss of revenues would only represent 11 percent of the $12 billion
budgetary deficit forecast for 2013/2014.
The major problem with the paper is that the explanation of the direct effect of the
budgetary deficit on the real exchange rate, is not elaborate enough to convince the reader.
The budget for fiscal 2013, which began on April 1, forecasts a considerably diminished year-end
budgetary deficit of C$589 million, prior to Generations Fund deposits.
7 billion compared with a
budgetary deficit of NIS 0.
6% in 2012 -- and meets the eurozone criteria in terms of
budgetary deficit, inflation and public debt.
When Mursi became president, the
budgetary deficit was estimated at 170 billion Egyptian pounds (around Dh100bn).
Budgetary deficit was targeted at four point seven per cent but it would be around eight point five per cent.
At the same time, huge government borrowing from the SBP and commercial banks indicates, the
budgetary deficit may surpass eight per cent in FY-13.
Today the political landscape somehow seems much tamer, regardless of the toxic cocktail of public sector cuts, huge
budgetary deficit and air of austerity enveloping large parts of the nation.
Could it endanger the projected
budgetary deficit of 2.
Jovanovski says that one must discuss how much this dilemma is useful, especially when it is still unknown how the
budgetary deficit will be covered.
Commenting on the actions taken by Turkey to overcome the global economic crisis, Babacan said Turkey had implemented numerous reforms in public and private banking sectors, moreover, the country's strong public finance as well as low public debt and
budgetary deficit provided it the opportunity to perform manoeuvres during the crisis.
