"offset deficit" is a correct and usable phrase in written English.
It usually refers to a plan or strategy used to reduce or eliminate a financial or economic deficit. For example, "The government implemented an initiative to offset the budget deficit."
Whatever was left over would be put into a "rainy day account" to offset deficits during lean years.
Sustainable budgeting should aim for balance over the cycle: with surpluses in good times to offset deficits in bad times.
But Europe looked steadier only because Germany's huge trade surplus offset deficits elsewhere notably in Spain but also in France, Greece, Italy and Portugal.These imbalances were not trifling.
Unless voting patterns in Alabama show a marked shift from states that have voted already (which is possible), Mr. Romney would likely have to win counties like Jefferson by significant margins in order to offset deficits in more rural counties and win the state.
There'd likely be a push to offset deficits by cutting into welfare programs a risky move near midterms.
But there's a plan that does: the proposal from the Congressional Progressive Caucus, titled "Back to Work," which calls for substantial new spending now, temporarily widening the deficit, offset by major deficit reduction later in the next decade, largely though not entirely through higher taxes on the wealthy, corporations and pollution.
Vietnam also runs a massive trade deficit with its neighbour and has been pushing China's government to invest more in the country to offset the deficit.
A quirk in the way the tax bill is written is tempting some key senators and Administration officials to do precisely what the President had been saying he would never allow & what a number of senators who are seriously concerned about the stubborn & still enormous deficit said should not be done: use revenues raised by the tax bill in the early stages to offset the deficit.
To offset this deficit, the United States must attract offsetting investment from abroad.
With no bowl money to offset the deficit, the university discontinued its football program.
"Unless the U.S. economy recovers sharply, it will be increasingly difficult for the U.S. to attract that high-quality investment that can offset the deficit".
