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But its deficit has grown to record size, and it cannot keep absorbing insolvent pension plans indefinitely.
It shows, as expected, that without oil Scotland's deficit has grown in recent years as spending outpaced tax revenues.
All this comes as the state's budget deficit has grown to more than $1 billion and approval of Gov. Scott McCallum has declined.
The mayor is expected to say that the size of the deficit has grown to more than $4.9 billion, from his old projection of $4.76 billion, officials say.
And though next year's projected deficit has grown to $6.4 billion, that is considered substantial but not unmanageable in a budget approaching $130 billion.
"It feels like one step ahead, five steps back," Mrs. Rell said in her office after hearing new projections that the deficit has grown to nearly $922 million.
Similar(35)
After years of exceptional economic growth, both unemployment and the government's deficit have grown this year.
By the time he returned, the deficit had grown to 17.
SAN ANTONIO — The deficit had grown large and time was running out.
The December budget update punctured the optimistic talk with the reality that the budget deficit had grown by $26bn since May.
The federal agency that insures pension plans said that its deficit had grown to $11.2 billion from $3.6 billion in a year and that it would overhaul its investments.
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