"Government deficits" refers to a situation where a government spends more money than it earns or collects in taxes. It means the government is operating with a negative balance, leaving it with a shortfall or debt that needs to be covered.
Full definition
In doing so they're arguing for a
higher government deficit and debt since interest income is one of the largest expenses in the budget deficit.
Developing these oil and natural gas resources will be vital to achieving energy security, growing our economy, and
reducing government deficits.
And with
government deficits making it difficult to commit public funding up front for new projects, some new means of generating private investment must be developed.
Another important factor is also in the picture: the huge
annual government deficit of more than a trillion dollars that must be funded every year.
The 2009 election campaign was dominated by economic and financial issues as the province attempts to deal with the global economic slowdown, rising unemployment, and
possible government deficits.
A decline in
government deficits globally, particularly coupled with any attempt by households to save or any reduced initiative to invest, would exert a particularly negative effect on profits.
We can
run government deficits of any size that we want, and the rest of the world gets to fund us by buying our debt.
Friedman himself argued back in the 1950s that all expansion of the money supply should come from central bank
financed government deficits rather than from new credit creation by the banking system.
The Federal Reserve complained after the Credit Crisis that monetary stimulus needed to be combined with fiscal policy stimulation by
government deficit spending.
Several factors, including the strong economy, slightly faster wage growth and a potentially
larger government deficit as a result of the Tax Reform bill, could put downward pressure on bond prices.
Sagging national saving, undermined
by government deficits, threaten Canada's future economic prosperity, according to a new report from the C.D. Howe Institute.
Despite expectations of higher growth in 2017, the credit ratings agency is concerned with an uptick in
government deficit as a result of President - elect Donald Trump's policies.
Some observers worry that years of loose central bank monetary policy and
federal government deficit spending will reignite inflation.
Furthermore, the interest charged for those loans does not even exist in aggregate unless it is lent into existence too, leading to ever increasing private debt or if the interest comes
from government deficit spending, ever increasing government debt (under the current system).
Over a decade ago,
when government deficits led The Wall Street Journal to list Canada an «honorary member of the Third World,» more than a few observers insisted our currency was destined to be worth less than half a U.S. buck.
Meanwhile, central banks
monetize government deficits that are supposed to spur recovery, not simply be giveaways to financial institutions and other vested interests.
Dropping to zero so quickly meant just about every nation had to rely on fiscal measures to stimulate the economy, which accounts for the
unwieldy government deficits today, according to Blanchard.
Economic growth followed the Reagan tax cuts mainly because they were enacted in the face of the highest U.S. unemployment rate in the post-war period, and a U.S. current account surplus provided enormous room to borrow from foreigners to finance new capital investment and
fresh government deficits.
When planning for the future, it's worth considering the following possible public policy risks that could affect your clients» ability to save for retirement and the money they have available to spend in retirement: Will income tax rates rise with
current government deficit spending?
Standard & Poor's Ratings Services on Friday cut its credit rating on Saudi Arabia, saying the tumble in oil prices is driving a
wider government deficit.
One final round of quantitative easing should be used across Europe to
clear government deficits, according to a rebel banking inquiry
If Osborne insists on
outlawing government Deficits then Labour should insist that the sameMUST apply to loans, HP & all forms of personal credit too, otherwisr it is just double standards and deficit or no deficit the entire country are free to.
But a prosperity policy agenda also requires opposing the monopolistic financial interests who make billions issuing bonds to finance state and
local government deficits.
The explanation for this is that record
government deficits exist and the Bank of Canada may soon be forced to increase interest rates.
Harper's overarching economic policy is deep integration: tying Canada permanently to the U.S. market, an economy that is headed for permanent chaos: a financial crisis,
huge government deficits, consumer demand dropping like a stone, and demand for Canadian goods (even energy) in steady decline.
The projected elimination of the
federal government deficit — currently exceeding $ 30 billion — relies on the assumption of annual GDP growth of 5.6 % while program spending is held to an average annual growth rate of 2 %.
The ECB makes governments unable to finance their spending by central banks of their own Introduction of the euro in 1999 explicitly prevented the ECB or any national central bank from
financing government deficits.
The great Keynesian stimulus that was supposed to guarantee recovery left most industrial countries with
government deficits in excess of 10 % of GDP.
Without fail, monetizing
large government deficits has triggered massive rises in inflation in the United States and elsewhere.
«High quality information technology could be benefiting patients and their families - but because of the structure of this centrally imposed programme hospitals already hard pressed
by government deficits are suffering further, and patient care is suffering unnecessarily,» said shadow health minister, Stephen O'Brien.