The how of adjustment is also important in the medium term, where fiscal plans should seek to support growth.
在中期内，如何调整的问题也十分重要，财政计划应以支持增长为目标。
But Mr Obama, despite much talk about the need for long-term fiscal consolidation, has done little to advance it.
但是奥巴马，虽说了许多需要财政巩固的言论，却为改进财政所作甚微。
Even though their country’s long-term budget outlook is famously dire, Mr Obama and the Republicans did not even try to find an agreement on medium-term fiscal consolidation this week.
纵使美国的预算的展望臭名昭著，但本周奥巴马和共和党却无意于寻找加强财政安排的途径。
Its fiscal problem is not now-it should be spending to boost recovery-but in the medium term.
它的财务问题并不是现在的——它应该花费资金来推动经济复苏——而是中期的问题。
The reckless expansions of both entitlements and discretionary programs in recent years have only added to our long-term fiscal problem.
近年来在津贴与随意规划方面不计后果的开支只能给我们长期的财政问题百上加斤。
The past two decades have witnessed relentless declines in the Japanese birth rate, prompting a range of demographic concerns, from a lack of elderly care provision to long-term fiscal catastrophe.
过去的二十年里，日本的婴儿出生率持续下降，这引发了从老年人无保障条款到长期财政赤字一系列的人口统计学问题。
And neither side will even talk about tax increases, though it is impossible to achieve long-term fiscal stability without them.
尽管离开税收增加不可能取得长期的财政稳定，但是两派都没有谈及增加税收。
The other threat is eonomic, and all the economic issues are tied in my judgement, to the same core problem which is the long-term fiscal challenge that this country faces.
另一个威胁是经济方面的，我认为所有的经济问题,都和一个核心的问题分不开,就是我们国家面临的,长期财政挑战。
Healthcare cost growth dwarfs any of the other long-term fiscal challenges the US faces.
与医疗支出的增长相比，美国面对的其它任何长期财政挑战都相形见绌。
The statement added such actions aimed to ensure long-term fiscal sustainability.
该声明还增加了旨在确保长期财政可持续性的措施。
Restoring fiscal balance in a way that supports longer-term growth will therefore be painful.
因此说，以有利于经济长期增长的方式恢复财政平衡，是一个痛苦的过程。
Second, they are at risk of both overdoing and mismanaging short-term fiscal austerity.
第二，他们冒着做法过火又对短期金融紧缩管理不善的风险。
Despite some earnest waffle about addressing the long-term fiscal challenge, Mr Obama has been short on specifics.
尽管解决长期财政挑战措施中不乏热切的空谈，但奥巴马缺乏细节操作。
If he is to do so, Mr Zapatero must take several steps fast. First he must produce a credible medium-term fiscal plan.
如果萨帕特罗打算这样做的话，酒宴做好以下几点：首先，必须制定出一个可信的中期财政计划。
Indeed, with the economy spiralling downward and the Federal Reserve's monetary ammunition all but spent, he rightly chose to boost the deficit in the short term through hefty fiscal stimulus.
的确，由于经济的急剧衰退和联邦储备系统的货币储备消耗殆尽，他不得不选择在短期内实行大量的财政刺激措施，这使财政赤字急剧增加。
Such fiscal adjustment may be necessary to ensure medium-term debt sustainability, but its immediate effect would lead to a reduction in private and public aggregate demand.
为了保持债务的中期可持续性，这些财政调节措施或许是必要的，但其短期效应将导致私人和公共部门总体需求的减少。
The risk is that China's transition will be made worse by policies whose effect will be to cause a short-term and unsustainable rise in fiscal borrowing, bank debt and corporate inventory.
风险在于，如果政策的效果是令财政借贷、银行债务及企业存货出现短暂、且不可持续的增长，那么这些政策只会令中国的转型之路更加艰难。
But, on the other hand, a sharp fiscal consolidation focused on the very near term could be self-defeating if it were to undercut the still-fragile recovery.
但是，从另一个方面来说，着眼于短期的严苛财政整顿可能会弄巧成拙——如果其目的是从仍然脆弱的经济复苏中釜底抽薪的话。
Less noticed is that Mr Obama's fiscal plan will also worsen the medium-term budget mess, by making tax cuts for the middle class permanent.
奥巴马试图为中产阶级永久实行减税措施，人们尚未发觉这样的财政计划会为中期一团糟的预算继续添乱。
Their mistakes vary, but two sorts stand out. One is an overwhelming emphasis on short-term fiscal austerity over growth.
他们犯着各种不同的错误，最明显的有两种，其一是过分强调短期的财政紧缩，不管经济能否增长。
We are convinced that by implementing our agreed policies we will limit the longer-term costs to our economies, thereby reducing the scale of the fiscal consolidation necessary over the longer term.
我们确信，通过实施已经达成一致的政策，我们将可限制本国经济的长期支出，因而降低更长期内的财政稳固计划规模。
We are convinced that by implementing our agreed policies we will limit the longer-term costs to our economies, thereby reducing the scale of the fiscal consolidation necessary over the longer term.
我们确信，通过实施已经达成一致的政策，我们将可限制本国经济的长期支出，因而降低更长期内的财政稳固计划规模。
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