This program must be funded from the state budget.

The child's budget is not separate from the state budget.

It means that the fund can look forward to several years of surpluses.

Nine months ago, Greece had a budget surplus and prospects for economic growth.

Open prisons also cost less.

As the government s fiscal position has steadily weakened, the jobs have become far scarcer.

The Washington Consensus starts by asking how big a budget surplus is needed in order to keep indebtedness within bounds the higher the interest rates, the bigger the required surplus.

The IMF has required that Brazil run a primary surplus (i.e. interest on government debt is excluded in the budget calculations) of 3.75 on its budget.

But that misses the key point Spain, Ireland, and many other distressed countries ran budget surpluses before the crisis.

In 2015, however, with the primary surplus achieved, Greece s creditors refused even to discuss debt relief.

He testified that it is important to run surpluses to pay down the debt, but that surpluses must not be so large that the government winds up owning American industry.

Nor could we find any convergence regarding government deficits and debt.

However, a careful look at the numbers behind Cartes' statement proves the president wrong.

Indeed, Finance Minister Viktor Pynzenyk reports that the state recorded a budget surplus of 0.6 of GDP during the first quarter of 2008.

Worse still, the time wasted on political grandstanding destroyed the primary budget surplus, which was Tsipras s trump card in the early negotiations.

We will need to give new budgetary incentives to promote demonstration projects, and to support technology transfer.

It then took over a decade starting in Reagan's second term, and continuing through the terms of George Bush, Sr. and Bill Clinton to get the budget back to surplus.

In 1981, energy accounted for 11 of the total US public R D budget.

The extra tax revenue that such a rebate would produce would reduce government deficits significantly.

BERKELEY Back in 1981, America s Republican Party gave up all belief that the government s budget ought to be balanced.

Under Euro rules, governments must observe strict limits on their budget deficits and public debt.

Greece overspent, but Spain and Ireland had fiscal surpluses and low debt to GDP ratios before the crisis.

But the fiscal road ahead looks increasingly perilous, with political consensus fraying badly in recent years.

Aging populations are forcing many countries to address pressures on their budgets and social security systems.

The trial had a dozen sessions that were not extensively covered and analyzed by most of Macedonia's media, which rely on revenue from advertisements paid from the state budget.

The prevailing view when the euro was established was that all that was required was fiscal discipline no country s fiscal deficit or public debt, relative to GDP, should be too large.

He told Americans that the large surpluses that were among President Bill Clinton's legacies meant that the US could afford to cut taxes massively.

Greece largely succeeded in following the dictate set by the troika (the European Commission the ECB, and the IMF) it converted a primary budget deficit into a primary surplus.

But Ireland and Spain had budget surpluses and low debt before the crisis, which quickly turned into large deficits and high debt.

In a fully integrated market, the annual financing of government deficits should not be an issue, provided the stock of debt is sustainable.

Twenty years ago, it may have been true that IMF fiscal policy advice focused on the bottom line of a government s accounts.

The film cost the state budget 1.5 million, making it the impoverished republic's most expensive movie ever.

In terms of transforming a large primary deficit into a surplus, few countries have accomplished anything like what the Greeks have achieved in the last five years.

Meanwhile, unsustainable budget deficits and public debt in most advanced economies have severely limited the scope for further fiscal stimulus.

Indeed, economies and markets no longer face liquidity problems, but rather credit and insolvency crises. Meanwhile, unsustainable budget deficits and public debt in most advanced economies have severely limited the scope for further fiscal stimulus.

Servicing that debt would require primary budget surpluses equal to at least 4 of GDP until 2022 an outcome that would require a surge in growth.

Budget presentation

The EU's smaller countries, in particular, are furious with France over its stubborn refusal to play by the EU's deficit spending rules.

The reason is obvious Japan has run sizeable current account surpluses for decades, giving it more than sufficient domestic savings to absorb all of its public debt at home.

This typically happens when the government runs a primary surplus.

According to this view, the system is unreformable, and real change will be possible only after it finally collapses, perhaps owing to fiscal weakness, since the combination of deficit financed transfers, low growth, and low labor market participation may prove unsustainable. After all, whatever the deeper causes of the French Revolution of 1789, the immediate trigger was a public finance crisis.

Wherever the IMF appears on the scene to provide financial assistance, painful government budget cuts seem certain to follow.

After all, whatever the deeper causes of the French Revolution of 1789, the immediate trigger was a public finance crisis.

The Senegalese government spends about 40 of the state budget on education and provides free public schooling to almost 85 of all primary school age children.

Budget tightening will continue.