Sentences with phrase «gdp on the public finances»

Mr Speaker, more jobs means that the impact of the weaker than forecast GDP on the public finances has been less than some might have expected.

Not exact matches

Without the inflow of Chinese funds and the trade deficit, we could finance more public spending from the higher taxes on higher GDP.

Despite entering the crisis with a low level of public debt — roughly 40 % of GDP — and a moderate deficit compared to many European nations, the UK's ability to take discretionary fiscal action was limited by the burden of bank bail - outs on public finances.