We have a national debt and we have a deficit that are at levels that a few years ago we would have thought were impossible to believe.
And I think we have a deficit in terms of investment in this country in the infrastructure we need to help us compete in the world market in the future.
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Yet, if France gets in with a deficit of 3.3%, it will be well-nigh impossible to keep out Italy, which will have a deficit in the same range or perhaps even less.
"You have a budget deficit that is ballooning, a current account deficit deteriorating and you have investments both local and international at a standstill, you know taking a wait and see approach, " says El-Khazindar.
The saving from localisation is a vital contribution to deficit reduction and it is essential we have a credible deficit reduction plan.
It is likely to have a bigger deficit in 2010, as a percentage of GDP, than even the likes of Italy.
They are long, tedious and dangerous to read if you have a sleep deficit.
We have a structural deficit that is real and growing, apart from the financial crisis.
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Specifically, a member nation should not have a budget deficit that exceeds three percent of GDP.
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On the economy, you rightly say we have a big deficit problem which we have to address.
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To join economic and monetary union (EMU), Hungary must have a budget deficit of less than 3% of GDP.
Obviously given the recession, I'm pretty sure we have a big deficit.
He should explain to the public the basic facts that all budget experts know: We do not have a chronic deficit problem.
We have German interest rates, but we have a Portuguese deficit.
In another, you would manoeuvre yourself around the congressional chamber in order to prevent procrastinating legislators from going home early when they still have a budget deficit to fix.
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At the end of 2008, it is quite plausible that Hungary could have a budget deficit of 3.5% of GDP (although our baseline forecast is 4%) and GDP growth of just 2.8%.
By 2015, for instance, the IMF reckons America will have a structural deficit (ie, the deficit that would prevail at full employment) of more than 6% of GDP compared to 4% for the euro area.
The idea that we have a debt and deficit problem is patently false.
The president who fixes Medicare would have to be a deficit hawk who can work with the other side.
They treat capital expenditures, like buildings and long-term assets, the same way they treat operational expenditures, so it's really impossible to tell if we have a surplus or deficit or what.
Bush warned that because the war on terrorism and homeland security would cause a budget deficit, Congress would have to "act in a fiscally responsible way" to ensure the deficit would be small and temporary.
For economists, as opposed to politicians, there is not a lot of point debating what might have happened after 2010, and whether a different approach to the deficit might have brought more growth.
We have shifted, in a deficit-neutral way, billions of dollars into our student loan programs, into our community colleges.
That is why the country is likely to have a current-account deficit of 5.5% or so of GDP this year.
Other countries, such as the Czech Republic, have put a priority on deficit reduction and balanced budgeting despite persistent economic weakness.
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They agree that we should have a balanced approach to deficit reduction.
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