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 ?
Adviser to PM on Economic Affairs Dr Miftah Ismail last week vowed to restrict budget deficit at 5.
The incumbent government was able to restrict the budget deficit at 2.
He said that government should undertake strong reforms to maintain external stability, ensuring debt sustainability and supporting higher economic growth by containing the budget deficit.
They also called for reducing non-productive expenditures of the state, because non-development expenditures were not only heavily contributing to budget deficit but also one of the major reasons of huge burden of external debts.
They said that the most effective method to bring down the budget deficit is aim for positive economic growth.
Based on the government's fiscal program, the budget deficit must hit P143.
Authorities are attempting to boost economic growth while slashing a budget deficit that stands above 10% of the gross domestic product (GDP).
A main contributor to the huge budget deficit has been the ongoing war on Yemen which started in late March; the Saudi economy ministry has announced that $20 billion of the monarchy's total budget deficit has been incurred due to the Kingodm's ongoing war on the Yemen.
To cover the budget deficit in 2015, funding sources in the amount of 25 billion 124 million som ($431.
The North African state has forecast a budget deficit of 8 percent of gross domestic product this year.
ySTANBUL (CyHAN)- Commenting on budget deficit figures released on Friday, Finance Minister Mehmet E[currency]imE-ek said the TL 7.
Kuala Lumpur, Dhu-AlHijjah 20, 1434, Oct 25, 2013, SPA -- Malaysian Prime Minister Najib Razak on Friday unveiled plans to impose a 6-per-cent consumption tax and abolish a sugar subsidy, as his government aims to cut the budget deficit, dpa reported.