Exact(5)
In the last three years, "the deficit has declined $200 billion and we're on a path to balance the budget within five years," Mr. Jones said.
Look at CBO's estimates of the cyclically adjusted budget deficit (third column): That deficit has declined from 5.6 percent of potential GDP in 2011 to 2.5 percent in 2013 — that's 3 percent of GDP, which is a lot of austerity.
The radical clan Reprints Related items Spain: Time for bubbly?Apr 24th 1997The Italians will invoke the treaty's wiggle-words that allow for an excess provided the deficit "has declined substantially and comes close to the [3%] reference value".
Under the departing president, Nicolas Sarkozy, the deficit has declined, but at 5.2 percent of gross domestic product, it is one of the largest shortfalls in the euro area.
The deficit has declined rapidly, and the national debt, now $16.7 trillion, is projected to be stable or even declining as a share of the economy well into the next decade.
Similar(55)
Deficits have declined, investment is rebounding and, importantly, the employment situation has started improving.
This will do nothing to improve France's competitiveness which, as its gaping trade deficit shows, has declined fast.
But the trade deficit for cars is at its lowest level since September 2001, and the deficit in trucks has declined to the lowest level since 1998.
And last year the European Union ran its first annual surplus in more than a decade, while the deficit in the United States has declined.
With the widespread use of anti-retroviral therapy (ART), the incidence of cognitive and motor deficits related to HIV-1 infection (HIV-associated dementia) has declined, nevertheless, neuropsychological deficits continue.
The deficit — $1.3 trillion in each of the last two fiscal years — has declined slightly from 2009, when it totaled $1.4 trillion.
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