budget deficit


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budget deficit

Economics the amount by which government expenditure exceeds income from taxation, customs duties, etc., in any one fiscal year
References in periodicals archive ?
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.
This study reexamines the 'strong form' of the budget deficit sustainability, by extending the previous research in two directions.
The agency now expects the central budget deficit to reach SEK81.6bn this year, up from the previous estimate of SEK71.8bn.
federal budget deficit N.I.P.A.) in year t, expressed in billions of 1982 dollars;
Federal spending at its present level cannot continue without bringing it in balance with receipts if we are to address the budget deficit. Gramm-Rudman-Hollings is addressing this issue, but swifter remedial action is required.
The budget deficit, thus, persists as one of the biggest challenges the PTI-led government is faced with.
The Ministry of Finance in its annual consolidated and provincial budgetary operations report said budget deficit widened to Rs2.26 trillion in FY18, equaling 6.6 percent of GDP, reports Express Tribune.
"In IMF, they really want to be conservative, but we're not hitting our target if you look at our budget deficit last year, it's only 2.2 percent," Diokno told reporters.
Egyptian Currency -- File Photo CAIRO -- 7 March 2018: Egypt aims at reducing the budget deficit to 8.5 - 8.7 percent in the upcoming budget of fiscal year 2018/2019, Minister of Finance Amr el-Garhy said at the Conference of boosting the mobilization of Egypt's domestic resources.
Pakistan's efforts to consolidate its budget deficit may be derailed due to weak tax revenues and expenditure slippages ahead of upcoming general elections, the World Bank warned on Wednesday.
LAHORE -- Lahore Chamber of Commerce and Industry (LCCI) on Saturday suggested the government to work out strategies to control budget deficit by learning from the experience of those countries which have controlled their budget deficit drastically.
Lahore -- As the country's budget deficit has reached 2.3% of Gross Domestic Product during July-Nov of fiscal year 2017-18, the All Pakistan Business Forum (APBF) has stated that the government is deviating from the path of fiscal discipline mainly due to heavy cost of domestic and foreign debt servicing.