Fiscal policy is also extraordinarily loose, as the deterioration in the public finances testifies.

公共财经状况的恶化证明了财政政策同样异常松弛。

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In Germany, however, the deterioration in the fiscal balance is entirely an offset to a smaller current account surplus.

但在德国，财政馀额的恶化纯粹是抵消经常帐户盈馀减少的一种手段。

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In other words, the deterioration in the fiscal position is a result of the cutback in the private sector's spending, not a cause of it.

换言之，财政状况的恶化，是私人部门削减支出的结果，而非起因。

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In other words, higher taxes led to fiscal deterioration in Illinois, just as tax increases in Europe have been followed by bad outcomes.

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"There has been a further deterioration in the fiscal position of the country, " this person said.

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Generally, by the time central banks make a fiscal or monetary easing move, economic deterioration has already occurred.

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