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He fought ardently to limit government spending and to reduce the budgetary deficit.
A large budgetary deficit, necessitating increased taxes, toppled his government in 1891.
Georgia's budgetary deficit also decreased during his term as prime minister, dropping from 9% in 2009 to 3% in 2012.
The maximum may be expressed in terms of a flat dollar amount, as a percentage of the individual's budgetary deficit (i.e., the difference between need and other income), or in both ways.
The big strategic mistake made by George Osborne when he arrived at the Treasury was to focus on the budgetary deficit and not the deficit in our overseas trade.
But a mid-December letter from Shultz to Peres, which leaked to an Israeli newspaper, was reported to have set forth such austerity measures as large- scale cuts in government spending levels and in support for costly projects, a major cut in subsidies and an end to the Bank of Israel's subservient role in printing money to cover the government's budgetary deficit.
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The result was soaring budgetary deficits that sharply increased inflation.
One was U.S. fiscal policy: tax rates were cut sharply, and budgetary deficits ballooned.
They let Marshall Plan funds cover budgetary deficits, wagering correctly that growth would ultimately wipe out the deficits.
Faced with budgetary deficits, the German government followed a practice already begun during the war: issuing more money to meet its expenses.
These developments are inexorably turning the yen into an international coin of the realm; meanwhile, the United States remains hamstrung by its massive budgetary deficits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com