The administration's announcement comes as the national economic outlook is uncertain and the city could be facing significant fiscal setbacks.
Public debt is peaking at almost 130% of GDP rather than the 115% previously expected.Despite these economic and fiscal setbacks, Portugal has outperformed in tackling its external imbalances.
They may eventually bear fruit but as Michael Massourakis, chief economist at Alpha Bank, points out, there are no swift gains to be made because the problem is so deeply entrenched.The fiscal setbacks have made the markets even more wary of Greek debt.
Disney, reporting financial results for its fiscal second quarter, had setbacks in three important areas — movies, theme parks and interactive media.
"If that interpretation is correct, the ruling represents a setback to future fiscal adjustment efforts in Portugal".
Despite setbacks and unnecessary fiscal burdens, however, the USPS still reliably delivers over 150 billion pieces of mail a year, at uniform rates, regardless of whether or not the area is deemed profitable for deliveries.
Yet the risk of a setback from the fierce fiscal consolidation remains.
Monsanto's net income for its fiscal third quarter slipped 3 percent after setbacks for the agricultural product company's cotton and soybean seed segments.
A Springsteen-quoting Jersey native, Christie has won the hearts of conservatives for pushing tough fiscal measures, including deep cuts that were setbacks for unions, through a Democratic legislature.
The results dealt a severe setback to the state's fragile fiscal structure and to Gov. Arnold Schwarzenegger and the state legislators who cobbled together the measures as part of a last-minute budget deal passed in February.
On the other, federal science initiatives seldom disappoint on such a gargantuan scale, and the setback comes in an era of tough fiscal choices and skepticism about science among some lawmakers.
