Sentence examples for closed a deficit from inspiring English sources
It closed a deficit that the governor's office had projected at $11 billion.
Although it too will cut spending to close a deficit, its austerity is far milder.
Mayor Michael R. Bloomberg and the City Council are grappling with how to close a deficit of roughly $3.5 billion in the fiscal year beginning July 1.
(Last month, the House approved using $3 billion from the fund to close a deficit in the current two-year budget).
Creative accounting was used to close a deficit of $38 billion for this financial year (ending June 2004), but it has still left a "structural" deficit of about $8 billion.
Mr. Gulotta set off widespread criticism when he proposed a 25percentt property tax increase to close a deficit in 1992, when the recession was in full bore.
Given that the city was trying to close a deficit estimated at $6.4 billion, cultural institutions said they had faced an especially difficult battle for their own interests.
To help close a deficit of at least $1.2 billion, the authority is planning to raise fares and tolls by 20 to 30percentt and enact deep cuts in service.
The issue has taken on new urgency as the city struggles to close a deficit estimated at $2.9 billion to $4.7 billion for the fiscal year that begins on July 1.
In the medium term, there is the need to close a deficit that is running at above $1 trillion this year for the fourth year in a row.
