Especially in good economic times, there is little reason to deficit-finance.
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ISTANBUL, Sept 20 (Reuters) - Turkey will prioritise investments in pharmaceuticals, energy, and petrochemicals to reduce its current account deficit, Finance Minister Berat Albayrak said on Thursday.
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PRAGUE (Reuters) - The Czech central state budget is on track to meet the 2019 target of a 40 billion crown ($1.73 billion) deficit, Finance Minister Alena Schillerova said on Monday.
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"Moody's report today... confirms the importance of forming a government and starting reforms to restore confidence, reduce risks and reduce the deficit," Finance Minister Ali Hassan Khalil wrote in a tweet.
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Let's flip the question: How close do you think we are to full employment, and how much space is there for extra growth with a deficit finance tax cut or infrastructure plan?
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JAKARTA, July 3 (Reuters) - Indonesia will review capital goods imports for government projects to determine their necessity and control the economy's current account deficit, Finance Minister Sri Mulyani Indrawati said on Tuesday.
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But if political considerations or whatnot mean that the only way to get it done is to deficit-finance a good chunk of it, that's not a reason to ignore a pressing environmental problem.
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TUNIS (Reuters) - Tunisia needs around $2.85 billion in external financing this year and plans to issue a Sukuk Islamic bond worth around $13 million to help cover the deficit, Finance Minister Lamia Zribi told Reuters on Monday.
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The truth is that the United States needs a bipartisan budget deal, involving higher not lower overall tax revenues as a share of GDP, to cut the budget deficit, finance needed social services and expand infrastructure investments.
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BRASILIA, Aug 7 (Reuters) - The Brazilian government plans to send a bill to Congress later this year to unwind payroll tax breaks and boost tax revenues in order to cover a gaping budget deficit, Finance Minister Henrique Meirelles said on Monday.
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The war had been largely financed by national debt, in addition to taxation and inflation. The national debt stood at $2.8 billion. By October 1865, most of it in short term and temporary loans.For an econometric approach see Lee E. Ohanian, The Macroeconomic Effects of War Finance in the United States: Taxes, Inflation, and Deficit Finance (Routledge, 2018).
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The war had been largely financed by national debt, in addition to taxation and inflation. The national debt stood at $2.8 billion. By October 1865, most of it in short-term and temporary loans.For an econometric approach see Lee E. Ohanian, The Macroeconomic Effects of War Finance in the United States: Taxes, Inflation, and Deficit Finance (Routledge, 2018).
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The war had been largely financed by national debt, in addition to taxation and inflation. The national debt stood at $2.8 billion. By October 1865, most of it in short term and temporary loans.For an econometric approach see Lee E. Ohanian, The Macroeconomic Effects of War Finance in the United States: Taxes, Inflation, and Deficit Finance (Routledge, 2018).
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He favoured Keynesian deficit finance, but had grown increasingly worried about inflation. He had opposed ROBOT (the plan to float the pound in the early 1950s), but with the disappearance of the dollar shortage came to favour floating after all, although he never argued for it very strongly. He wanted an incomes policy, and came to feel that unemployment was too low and that British workers and managers were not efficient enough.Dell 1997, p263-4 He was Principal of Hertford College, Oxford from 1964 to 1967.
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