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deficit financing |
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deficit financingIn economics, a planned excess of expenditure over income, dictated by government policy, creating a shortfall of public revenue which is met by borrowing. The decision to create a deficit is made to stimulate an economy by increasing consumer purchasing and at the same time to create more jobs. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| City Councilman Jack Weiss, a Villaraigosa supporter, called the budget ``Christmas in April,'' and accused the mayor of deficit financing in allocating reserves from this year to next year's budget. Don't forget, looming on the horizon next year is an even bigger deficit once the deficit financing bonds are exhausted" and the state can no longer rely on $1. The Ministry of Finance's (MOF) struggles to contain an explosion of deficit financing in the wake of the 1970s oil shock are the focus of the story. |
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