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Exact(22)
On the federal level, the fixation on the deficit above all else is particularly dangerous.
Any euro-zone country reporting a deficit above 3% of GDP risks a huge fine.
On current economic forecasts and current spending plans, he may face a deficit above $4 billion, maybe even $6 billion.
The burden of financing the Summer Games has already pushed Greece's state budget deficit above the levels permitted under Eurozone rules.
The likely victim: Portugal.Under their "stability and growth pact", the 12 EU countries that use the euro promise never to run a budget deficit above 3% of GDP.
The onset of recession, the CBO points out, could push the deficit above current projections by $100 billion or more for several years.
Similar(38)
These countries share other weaknesses as well: excessive fiscal deficits, above-target inflation, and stability risk (reflected not only in the recent political turmoil in Brazil and Turkey, but also in South Africa's labour strife and India's political and electoral uncertainties).
In order to evaluate the effect of water deficit on above-ground biomass growth and molecular plasticity, plant material was sampled in September 2008, 16 months after the trees were planted.
This is an ominous precedent: 18 of the 26 former communist economies had current-account deficits of above 7% of GDP in 1996, and several topped 10%.
In all, Eurostat said, 17 E.U. nations had deficits above 3 percent.
That changed in the 1980s under President Ronald Reagan, when tax cuts, increased spending and a recession sent deficits above $200 billion.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com