The phrase "instead of deficits" is grammatically correct and commonly used in written English
It can be used to express a contrast or alternative to something negative or problematic, such as deficits. Example: Instead of deficits, we were able to achieve a budget surplus this year.
"It's time we reset economic policy in Washington to focus on growth instead of deficit reduction," CAP President Neera Tanden told HuffPost.
Instead of budget deficits of $3.8 billion, $4.6 billion and $4.1 billion for the 2008 to 2010 fiscal years, the city now expects deficits of $510 million, $4.1 billion and $3.6 billion.
They now have current-account surpluses instead of huge deficits, and bigger foreign-exchange reserves.
Nowhere do your articles discuss my central idea, that the risks that were in the system two years ago are still with us now, and that unless we lower debt to "definancialise" the economy (instead of increasing deficits through stimulus) we face more risks of blow-ups.
For example, most economists would scoff at the idea, held by hardcore supply-siders, that if the U.S. Congress had given Ronald Reagan everything he asked for in terms of budget policy, the economy would have grown so fast that it would have produced budget surpluses instead of huge deficits.
(8), wrote: "[It] sounds like F.I.I. has adopted a transformative perspective instead of a deficit perspective".
Instead of deploring deficit spending, both sides have come together to agree that financial reckoning will have to be postponed.
In the unlikely event that every option in the report were to be adopted, the report estimated that the county would end this year with a $90 million surplus instead of a deficit.
In his report, the state comptroller, Alan G. Hevesi, claimed that the authority could have arranged its finances to end this fiscal year with a small surplus, instead of a deficit of more than $200 million, but that it did not do so and effectively hid that fact from the public.
