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Their starting-point was that other countries should emulate their huge budgetary stimulus.
He deserves credit for convening the G20 meeting in London, and for Britain's pioneering bank rescues and useful budgetary stimulus (in noted contrast to the Tories' proposals).
They made no new promises on co-ordinated budgetary stimulus, for example, and the details of what the G20 will do for trade finance remain uncertain (see article).
A well-judged budgetary stimulus would help fill the shortfall in demand while debt-laden firms and consumers get their finances in order.
The president of the European Central Bank, Jean-Claude Trichet, offered broad support for more economic stimulus — with a caveat: Not all euro area countries have the necessary wiggle room to enact budgetary stimulus, he said.
Coming, as it does, after a decade of steady economic growth, the shortfall limits the scope for budgetary stimulus to offset an economic downturn now.The first of the two fiscal rules, adopted by Gordon Brown when he became chancellor of the exchequer in 1997, is that the government should borrow only to invest.
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Mr. Leung, whose resignation came two hours later and seemed to catch the government by surprise, said he felt that he had completed budgetary and economic stimulus plans that he wanted.
But funding for those centers would come from a complicated budgetary swap, using stimulus funds instead of the 2010 budget to pay for a construction project at the National Renewable Energy Laboratory in Golden, Colorado.
There has been a tug of war between stimulus and budgetary austerity.
Page A26 NO TIME FOR BUDGETARY GAMES The education stimulus package passed by Congress last month could revive the national school-reform effort.
And Franco-German ties will be strained by differences over economic stimulus and budgetary discipline.In short, France will remain distrustful, despondent and doubtful.
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