He said the decisions pose macroeconomic as well budgetary risks.
rate for the restaurant sector would be possible without running any budgetary risks, so long as it was just a temporary measure," the spokesman, Simon O'Connor, said in Brussels.
UPDATE: Here's S&P's reasoning: The dissolution of Malta's parliament on January 7 , 2013 will prevent a 2013 budget from being adopted until after the elections set for March 9, thus raising questions about the government's ability to restore the fiscal flexibility it has gradually lost, and resolving the recurrent budgetary risks caused by loss-making state-owned enterprises.
The next government, he said, "will have to address these problems, including balancing the budgetary system, lowering risks in the macroeconomic sphere.
negotiating team, insisted that the creditors had been careful to strike a balance between demanding more budgetary tightening and risking further stifling of the economy, notably by hurting consumer demand.
BACK to work and back to reality: "The Raffarin government is the prisoner of a Bermuda triangle: an international economy in a bad way and lower tax receipts; a European Union budgetary policy which risks a recession; and the need to finance heavy spending plans".
The 20-day Minnesota government impasse foreshadowed Republican and Democratic budgetary clashes and risks of shutdowns in Washington months later.
The European Commission considers that the Portuguese government's 2016 Draft Budgetary Plan is at risk of non-compliance with the provisions of the Stability and Growth Pact.
He will face a looming budgetary crisis and the risk of alienating one of the city's largest voting blocs when he enters negotiations in July for a new contract with the union for about 30,000 current and retired municipal workers.
Thus, the more often leg ulcer patients' visit their GP and the more material (e.g. wound dressing) they need, the greater the risk of budgetary overspending.
