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That will require cutting spending, raising taxes or raiding the retirement system.
Governments can often stem the crisis by reducing spending, raising taxes or both.
Bouteflika responded by increasing public spending, raising wages and initiating reforms.
They did not identify any particular measures, like cutting spending, raising taxes or reducing borrowing.
But some of the measures required reining in public spending, raising interest rates and energy tariffs will not be popular.
The grit shown by Estonian politicians and the public in shrinking spending, raising taxes and cutting wages has been exemplary.
Similar(42)
Do you think we should: cut government spending, raise taxes, or both cut our spending and raise taxes?
The isolated impact is far smaller: a 10% increase in ad spending raises revenues by just 0.5%.
HONG KONG — The United States is shrinking its military and debating whether to cut social spending, raise taxes or both.
Both numbers were less than forecast, and the stagnant consumer spending raised concerns about whether the recovery could slow.
The abrupt decline in consumer and corporate spending raises a disturbing existential question for Emeryville and other communities like it.
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