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Earlier this year, Wikimedia announced that it has raised $8 million for the 2009-10 fiscal, exceeding its goal for the year by $500K.
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But it does highlight just how difficult it is for stagnating economies with rising unemployment rates to make fiscal adjustments exceeding 10 percent of their economic output in just a couple of years.
Treasury officials have yet to calculate the damage from the recession and the Sept. 11 attacks, but most estimates of the shortfall in this fiscal year exceed $1.4 billion.
Its fiscal deficit exceeds 7percentt of total output, and its high exchange rate has driven its exports, as a portion of total economic output, lower than nearly anywhere else in the world.
Expenditures vastly exceeding fiscal receipts and an inefficient public administration are rightly seen as the kernel of the problem, and Greece has been pushed to restore fiscal balance.
S.& P. said that it expected the Japan's fiscal deficit to worsen markedly and that a ratings downgrade was possible if fiscal deterioration "materially exceeds these estimates in the absence of greater fiscal consolidation".
The fiscal deficit might exceed 10percentt of GDP (this includes quasi-government sector) in 2014.
In eight Russian regions, debt loads exceed fiscal revenues when subsidies are not considered.
High inflation and low output are the consequence of fiscal ambitions that exceed the current capacity of the economy to support.
By the early 1880s the federal government was running large and seemingly intractable fiscal surpluses: revenues exceeded expenditures (including debt service and repurchases) by over 40 percent during that decade.
Tyco International, an industrial conglomerate, announced earnings yesterday for its first fiscal quarter that exceeded analysts' expectations by a penny a share, largely because of strong sales in its electronics business.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com