The word "deficits" is correct and usable in written English.
You can use it when referring to a shortage of something or a deficiency, especially of money. Example sentences: The company is facing large deficits in its budget this year. The health care system is struggling to address medical deficits in the community.
Recent revisions to budget forecasts imply that the U.S. government no longer needs additional revenues to control its deficits.
First up is "A balanced approach to a responsible budget... that grows the economy and shrinks long-term deficits".
And it is always hard to trim tax expenditures such as the mortgage interest deduction and state and local tax preferences – especially now, at a moment when the economy is still recovering from a housing-led downturn and state and local governments still face significant deficits that need to be closed.
The third quarter GDP report will surely be cited in German arguments that labor market reforms are even more important than cutting deficits.
"That very choice has really impacted the markets, and I believe is enabling these deficits to continue," he says.
The budget deficits outlined in the mid-year economics and fiscal outlook are more than double those it inherited from the previous government.
Picking up on this week's announcement of curbs on the use of employment agencies, Stevens said temporary staffing costs were the single largest cause of hospital deficits.
It should be remembered that we ran significant deficits even when the economy was growing in the 2000s.
With debt, and deficits, one has to take the long-term view.
Via Reuters: Meeting for breakfast, Republican House Budget Committee Chairman Paul Ryan and his Democratic counterpart in the Senate, Patty Murray, said they would explore every avenue to reach a longer-term deal to reduce deficits and replace automatic "sequester" spending cuts.
Because turnover in the global financial markets is so enormous, even a tax levied at 0.05% on every trade could raise $400bn £255bnn) a year – enough to double foreign aid, provide $100bn a year for poor countries to adapt to climate change, and leave $100bn over for rich countries to reduce their deficits.
