Sharply cutting budget deficits has been the priority—hence the tax rises and spending cuts.

大幅削减预算赤字已成为重中之重——因此就有了增加税收和削减支出。

youdao

Second, tactics: is it more important to start by cutting budget deficits or by raising interest rates?

第二，恰当的策略：从削减预算赤字开始还是从上调利率开始呢？

youdao

But he is also one of the most ardent champions of the idea that cutting budget deficits will itself boost growth.

但他也是削减预算赤字本身就能推动增长这一想法的最热切的支持者之一。

youdao

"The budget that would have no tax increases, a budget that is cutting spending we deal with the entire twenty-six billion dollar deficit, around fifteen billion dollars in cuts that we are making."

VOA: special.2009.07.31

But Mr.Obama's critics point out that the $100 million in cost cutting is miniscule - just a tiny fraction of one percent of the federal budget deficit.

VOA: standard.2009.04.20

In a joint statement on economic growth they noted that cutting budget deficits was "not in itself sufficient".

BBC: EU summit: UK and Czechs refuse to join fiscal compact

After Mr Brown's tax-cutting budget, new levies on the rich still look unlikely.

ECONOMIST: Income inequality

The tax-cutting budget in February had raised investor confidence, which is now ebbing.

ECONOMIST: India