The overall budget deficit
- gap between expenditures and incomes - has widened to 2.
The trade deficit
has touched almost 50 per cent, of the total import bill.
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.
European Union Finance Ministers met in Brussels on February 14 and 15, 2011, confirming the recent position of the EC that Bulgaria needs take no further steps to curb its budget deficit
under the bloc's rules on government finances.
The Commission puts together reports on countries that exceed the Stability and Growth pact limits of 3% of GDP for deficits
, 60% of GDP for debt (Article 126 of the treaty)
However, the unconstrained VAR estimate shows that the Ricardian equivalence hypothesis did not hold and the authors concluded that deficits
are twin in case of US economy.
current account deficit
larger than it would be otherwise.
Earlier in the day the administration had released budget numbers showing that the deficit
was $248 billion for the fiscal year ending September 30, which was well below the $423 billion deficit
the administration had forecast in the budget it submitted to Congress in February.
If numerical skill deficits
are hypothesized to be the primary deficit
, the following strategies may prove helpful.
set off all sorts of economic reactions.
The CBO projects the president's budget will generate deficits