Pakistan's current account deficit
contracts 29.5% to $9.6b
for the first five months of the federal fiscal year (October 2018 to February 2019) comes to $544.2 billion, up nearly 40 percent from the same period in 2017, according to Treasury.
The report showed that the United States had become an increasingly large driver of global deficits
, accounting for 43pc of all global deficits
last year, up from 39pc in 2016.
We've seen this picture before: Congress and the White House feel a twinge of conscience, enact a law to end deficit
spending, and struggle to adhere to it for a few years.
In 2015-16, health boards combined recorded a PS50.3m budget deficit
, with Hywel Dda and Betsi Cadwaladr University Health Boards the only two to overspend.
The Council called on Bulgaria to bring its deficit
back below 3 % of GDP in 2011 at the latest.
The January 2012 deficit
was caused by a shortfall of $187 million in the net foreign assets of banks and financial institutions and a deficit
of $103 million in those of the Central Bank.
The Keynesian income-expenditure approach explains the mechanism behind this twin deficit
Economists--even free market ones--can't agree on whether deficits
He forecast that a falling dollar would send interest rates up out of control if the federal budget deficit
was not reduced--reduced by higher taxes.
ITEM: An Associated Press article in USA Today, entitled "Federal Deficit
Now Lowest in 4 Years," reported on October 11: "The federal deficit
fell to a four-year low in the budget year that just ended, a result President Bush pointed to Wednesday in claiming Republicans are better stewards of the economy than are Democrats."