Betekenis van:
deficit spending
deficit spending
Zelfstandig naamwoord
- spending money raised by borrowing; used by governments to stimulate their economy
Synoniemen
Hyperoniemen
Voorbeeldzinnen
- Due to the deterioration of the global economic situation and additional spending, the government deficit increased.
- Additional deficit-increasing measures, equivalent to 0,1 % of GDP in 2009/10, were introduced in September 2008, including through higher spending on housing;
- the higher 2007 deficit comes against much stronger growth than forecast at the time of the Council recommendation and is mainly due to increases in social spending decided before the 2006 parliamentary elections.
- The deficit reduction is expected to be driven by a further fall of the annual spending growth rate in the health-care sector and the continuous expenditure control at State level which is expected to meet its target of zero volume expenditure growth.
- in order to preserve external competitiveness, and to contain the current account deficit and inflation, significantly tighten fiscal policy and urgently implement a binding medium-term fiscal framework, revise the composition of expenditure to increase the share of growth-enhancing spending, inter alia, by reducing and redirecting state aid to horizontal objectives, and keep wage developments in line with productivity growth,
- Inflation has peaked at 11,1 % in 2008, fed by high commodity prices and domestic wage pressures. Due to the deterioration of the global economic situation and additional spending, the government deficit increased. It is expected by the Commission to have been close to 3 % of GDP in 2008, and also in 2009 as a number of saving measures were adopted.
- Continue to implement prudent fiscal, monetary and financial sector policies with a view to sustaining macroeconomic stability, including low inflation, exchange rate stability and a further reduction of general government’s spending-to-GDP ratio as well of its deficit and debt ratio,
- The outturn of the general government deficit in 2003 compares with a target deficit of 0,9 % of GDP set in the December 2002 updated stability programme. According to the Commission, the significant slippage is attributed to extraordinary factors (overruns in expenditure related to the preparation of the Olympic Games and compensation for weather damages), to higher than planned current spending (social transfers and public sector wages) and to a shortfall of revenues (VAT, income taxes and reclassification, as a financial transaction, of a payment from the Saving Postal Bank to government).
- subsequent to the Article 104(7) Council Recommendation in July 2008, the UK authorities announced additional deficit-increasing discretionary measures. On 16 July 2008 the government announced the postponement of the inflation-linked increase in fuel excise duty that was scheduled to take place in October 2008, at an estimated cost of 0,05 % of GDP in foregone revenues in 2008/09. Additional deficit-increasing measures, equivalent to 0,1 % of GDP in 2009/10, were introduced in September 2008, including through higher spending on housing;