It is, as usual, in deficit, necessitating foreign grants, borrowing and the sale of state assets.
He is proposing along with a sell-off of state assets another 6bn euros in spending cuts.
In fact, Mr Jospin has sold a lot more state assets than his right-wing predecessor did.
For once in tune with their government, most Romanians want lower inflation and the sale of state assets.
Many oligarchs, of course, did dirty their hands by grabbing state assets in the legally murky privatisations of the mid-1990s.
In the last six or seven months there has been a lot of interest from foreign investors in buying state assets.
Sixteen of the 41 Chinese companies on the list are owned by an arm of the government dedicated to managing state assets.
Through an orderly sale of state assets each euro-zone country would be able to pay off as much sovereign debt as necessary.
EU's wasteful farm policy and to go on selling off state assets.
The Irish government has revealed plans to sell off 3bn euros of state assets, including Firmus Energy which supplies gas to Northern Ireland.
These include nationalising Cyprus's pension funds, gathering together state assets to support a bond issue, or attracting Russian investment in its offshore gas reserves.
As part of the program, Cyprus will also have to raise taxes on capital gains and companies, introduce structural reforms and privatize some state assets.
Ghalib, a three-star general in the Indonesian military, told TIME that he has found no evidence that his former supreme commander wrongly acquired state assets.
Uneximbank's boss, Vladimir Potanin, a former first-deputy prime minister, helped design a programme for privatising state assets, of which his own group became a leading purchaser.
The currency has been stable, Mr Kostov has shown that he is genuine about reform, and an array of state assets were to be sold off this summer.
Much of it derives from an inspired refusal by Mr Luzhkov, soon after he took the mayor's job in 1992, to go along with federal schemes to privatise state assets.
It recently renewed a standby credit facility for the government, although it is frustrated that the government has missed a series of target dates for the sale of key state assets.
New taxes on business and property will also limit the attractiveness of state assets that the government may want to sell to raise revenue, notes Stefanos Manos, a former finance minister.
And because of its recent failure to push through a comprehensive tax-reform package, he says, the government will have to rely on selling state assets and issuing bonds to balance its books.
Meanwhile, he moves slowly, and with minimal fanfare, to privatise state assets, to squeeze the public payroll, to curb the trade unions and generally to administer the sort of liberal medicine South Africa needs.
The Republicans, who can muster enough votes to block the governor's budget, refuse to consider tax increases unless they are accompanied by a root-and-branch overhaul of state finances and a mass sell-off of state assets.
They had in mind a steady flow of favours in the form of state assets sold cheaply, free floats of public money to enrich their banks, tax breaks, licences for this and contracts for that.
At that time Elf took over one of the biggest businesses in eastern Germany, the Leuna oil refinery and its network of petrol stations, as part of the wholesale privatisation of former East German state assets.
Mr Tremonti, the economic architect, became no more than a plumber, plugging leaks in the government finances with quick budgetary fixes, such as the sale of state assets or a tax amnesty for Italians with money stashed abroad.
But no such combination would promise real reform either of taxes or of anything else and Germany still needs to revamp its pension and health systems (despite recent tinkerings), to deregulate business and labour, and to sell off more state assets.
As well as poor road and rail links, an unreliable water supply and nationalist opposition to the sale of state assets to foreigners, at the top of most people's lists is the lack of a legal system capable of passing good laws and enforcing them.
With debt servicing now the biggest item in the budget after labour and social affairs, with few valuable state assets left to sell, and with the need to respect the toughish debt criteria for countries that have adopted Europe's single currency, the government faces overwhelming pressure to show thrift.
During this period of uncertainty, FinCEN is reminding U.S. financial institutions of their requirement to apply enhanced scrutiny for private banking accounts held by or on behalf of senior foreign political figures, and to monitor transactions that could potentially represent misappropriated or diverted state assets, proceeds of bribery or other illegal payments, or other public corruption proceeds.
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