Nevertheless, the Dutch primary
budgetary deficit was reduced to 0.7% and the global
budgetary deficit to 2.5% of GDP in 2013, thanks to fiscal consolidation efforts on the revenue side.
"The lack of external funding has put a disproportionate burden of financing the government's
budgetary deficit on the banking system, leading to crowding out of the private sector, and dissuading the banks from playing their role as financial intermediary," SBP report also admits.
The larger tax collection is aimed at reducing last year's
budgetary deficit of 5.1 percent of GDP to 4.0 percent in FY-2011.
According to the EU methodology, Estonia's
budgetary deficit in the first half of 2009 came to 9.3 billion kroons (596 million euros).
New York, Nov 17 (ANI): A leading American thinktank has reportedly urged the Bush administration to stop unilateral air strikes in Pakistan's tribal areas, and advised it to instead focus on supporting its economy reeling under recession and
budgetary deficit.
''I have no plan to raise the consumption tax to secure revenues for social security'' and deal with the chronic
budgetary deficit, Koizumi said at a plenary session of the House of Councillors.
Ginandjar told a press conference Monday in Tokyo that he would seek an additional Japanese loan to cover a projected 4 billion dollar
budgetary deficit.
The government has already indicated that it intended to collect taxes worth Rs.40 billion to reduce the
budgetary deficit to 4 per cent.
Fiscal adjustment lies at the heart of the programme, which aims at reining in the primary
budgetary deficit to 5.5% of GDP and at reducing the overall
budgetary deficit, on a commitments basis, by more than three percentage points in relation to GDP over a two-year period.
According to official projections, the aggregate
budgetary deficit for the provinces is now estimated to have reached C$24.9 billion, up 22.7 percent from the estimates that were put forth in the spring of 1992.
By analysing trends in the
budgetary deficit and in the pattern of financing the deficit, the present study explores their implications for the interest rate structure, monetary expansion, and growth of the banking sector in Pakistan.
Strangely though, the finance minister insists that the IMF bailout programme will not burden the common man - as if it is not the common man who consumes electricity and gas; none of the vehicles that run on petrol belongs to the common man, and the rise in transportation costs due to costlier petrol will not affect articles of daily use; the impact of a more expensive dollar will only magically target the classes, exempting the masses automatically; and some 'uncommon' men will be chosen to impose the taxes aimed at bridging the 'unprecedented'
budgetary deficit that the incumbents inherited from their 'corrupt' and 'incompetent' predecessors.
'Since widening to more than 18 per cent of GDP in 2016, Oman's general government
budgetary deficit is narrowing, set to reach an estimated 7.4 per cent of GDP this year'.
The petitioners said
budgetary deficit was made reason of their removal from the jobs.
The revival of the economy which was facing a default on IMF loans in 2013 with the lowest ever GDP growth rate and colossal
budgetary deficit, is probably the biggest and the most enviable achievement of the PML (N) government which has been repeatedly endorsed by the international lending and rating agencies, giving authenticity to the claims of the government in this regard.
