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Wal-Mart Stores, the largest retailer, reported higher fiscal third-quarter profit yesterday.
For example:"during election years, government consumption increases and leads to higher fiscal deficits.
In fact, Greater Madrid and the Balearic Islands have higher fiscal deficits than Catalonia.
Second, flush with revenues, it began major redistribution programs, neglecting their consequences: higher fiscal and trade deficits.
On Friday, Mr. Singh argued that rising global oil prices meant that the government had to reduce popular subsidies on diesel and cooking gas or risk a rapidly higher fiscal deficit.
Much of this stimulus consists of borrowing from future growth; explicitly in the case of schemes such as housing tax breaks and cash-for-clunkers, implicitly in the way that higher fiscal deficits today imply greater tightening tomorrow.
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Weaker members are obliged to live up to high fiscal and regulatory standards.
A high fiscal deficit between 2008 and 2011 stoked demand and too little was spent on investment.
"And should the [Bank of England] move to guarantee to Scottish deposits, we expect it to extract a high fiscal and regulatory price".
In the midst of a war, and with unemployment already high, fiscal austerity is politically difficult to impose, so the IMF is likely to be lenient.
Earlier in the day, Fitch Ratings lowered its outlook on India's credit rating to negative from stable, citing the country's slower growth and high fiscal deficit.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com