Economies where inflation and credit growth are already high and budget deficits large, such as India, have less room to ease monetary or fiscal policy if the economy weakens.

那些例如印度这样的通胀和赤字增长高企，财政赤字又大的经济体，一但经济走弱缓冲货币或财政政策的空间较小。

youdao

It also reckons that because the principal problem facing today's highly indebted countries is not high interest payments but high primary budget deficits.

IMF同时估计，由于面对目前高额负债的国家，主要的问题不是要支付的高额利息，而是高额的初级预算赤字。

youdao

Each has some combination of big budget deficits and high public debt, though none is as financially stretched as Greece.

尽管在财务上不像希腊那样紧张，它们每一个都伴随有高预算赤字、高公共债务问题。

youdao

And they say it would only increase budget deficits that are already high.

VOA: special.2009.05.15

The government struggles with high debt interest payments, a bloated civil service, and historically high budget deficits.

FORBES: Sri Lanka

Since we're facing high budget deficits at the federal level and in many states, we can't afford to give out tax breaks that don't encourage the new business formation that will help build a sustainable economic recovery.

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The worrying parallel is not that Argentina is a country with a strong Italian heritage, or that it was once rich but has become relatively poorer, but rather that it adopted an extreme variant of the old Italian model: high inflation, high public spending, high budget deficits and frequent devaluations.

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