The result: $1.1 billion added to the deficit in the federal budget.

The budget deficit

the administration's official budget review, which estimates a 6.9 billion dollar deficit for the current fiscal year, isn't making anyone happy.

These loans are targeted at reducing the budget deficit, stabilizing the local currency ; developing private businesses ; energy ; the agriculture, food processing, transportation, and health and education sectors ; and ongoing rehabilitation work in the earthquake zone.

On February 15, 1993, Clinton made his first address to the nation, announcing his plan to raise taxes to cap the budget deficit.

Clinton's advisers pressured him to raise taxes on the theory that a smaller federal budget deficit would reduce bond interest rates.

The successful American businessman and investor Warren Buffett was quoted in the Associated Press ( January 20, 2006 ) as saying " The U. S trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to political turmoil ...

Controlling the budget deficit remains the single biggest challenge for the country's economic policy makers, as interest costs on the accumulated central government debt consumes the equivalent of 30 % of the government's total revenues.

* 2002 – 2003 California recall: Then Governor of California Gray Davis announces that the state would face a record budget deficit of $ 35 billion, roughly double the figure reported during his reelection campaign one month earlier.

Debates surrounding the emission of bonds have stalled the approval of the national budget for many months on several occasions, reason for which in 2006 the government will finance the deficit by reducing expenditure in other posts.

If the deficit is not financed through a loan it is enough with a simple majority to approve the budget ( 50 % of the votes plus 1 ).

In 1996 Georgia's budget deficit rose to as much as 6. 2 %.

Under a one-year standby agreement with the International Monetary Fund ( IMF ) in January 1979, the government promised to undertake economic reforms, including a reduction of the budget deficit, in return for a $ 68 million IMF support program and $ 27 million in IMF Trust Fund loans.

In September 1979, the civilian government of Hilla Limann inherited declining per capita income ; stagnant industrial and agricultural production due to inadequate imported supplies ; shortages of imported and locally produced goods ; a sizable budget deficit ( almost 40 % of expenditures in 1979 ); high inflation, " moderating " to 54 % in 1979 ; an increasingly overvalued cedi ; flourishing smuggling and other black-market activities ; unemployment and underemployment, particularly among urban youth ; deterioration in the transport network ; and continued foreign exchange constraints.

However, reaching those goals required policies that moved away from balancing the budget, lowering inflation, and reducing the deficit and external debt to attract investment and stimulate economic growth.

This has resulted in the budget deficit ballooning to over 10 % of GDP and inflation rates predicted to exceed 6 %.

Due to high demand in import goods, Hungary also had a high trade deficit and budget gap, and it could not reach an agreement with the IMF, either.

However, after the elections in April 2006, the Socialist coalition under Prime Minister Ferenc Gyurcsany unveiled a package of austerity measures which were designed to reduce the budget deficit to 3 % of GDP by 2008.

Usually, the excessive money supply growth results from the government being either unable or unwilling to fully finance the government budget through taxation or borrowing, and instead it finances the government budget deficit through the printing of money.

He was also a firm believer in balanced budgets, and was unwilling to run a budget deficit to fund welfare programs.

When combined with the sharp decline in incomes during the early depression, the result was a serious deficit in the federal budget.

This came at a terrible cost: by the end of the war, Italy had lost 700, 000 soldiers and had a budget deficit of billions of lira.

The amount equaled 25 % of Goodyear's advertising budget in the states where Big O operated.

The defense budget in 2005 totaled 1. 16 billion US Dollars.

Economic analysts say that the project would cost at least $ 1 billion ( equivalent to about 40 percent of Armenia's 2008 state budget ).

As of 2005, the budget was no more than $ 400 mln., while military spending for 2009 amounted to more than $ 1. 3 bln.

In 2010 the budget is to be only 1. 3 % due to the international financial crisis.

In 2004, he starred in the horror – thriller Saw which, at a budget of a little over $ 1 million, grossed over $ 100 million worldwide.

Beijing responded to Dominica's severing relations with the Republic of China by giving them a $ 12 million aid package, which includes $ 6 million in budget support for the year 2004 and $ 1 million annually for six years.

Figure 1 shows the cumulative budget ( cost ) for this project as a function of time ( the blue line, labeled PV ).

: CPI greater than 1 is good ( under budget ):

The FAO regular budget for 2012-2013 biennium is US $ 1, 005. 6 million.

The FDA's federal budget request for fiscal year ( FY ) 2008 ( October 2007 through September 2008 ) totaled $ 2. 1 billion, a $ 105. 8 million increase from what it received for fiscal year 2007.

A budget for the Exposition was passed and on 1 May Lockroy announced an alteration to the terms of the open competition which was being held for a centerpiece for the exposition, which effectively made the choice of Eiffel's design a foregone conclusion: all entries had to include a study for a four-sided metal tower on the Champ de Mars.

As a result of austerity measures passed in December 2011 ( Save Italy ), Italy is targeting a public budget deficit of 1. 5 % in 2012 and 0. 1 % in 2013.

The increased economic growth also led to a turn-around in government finances, with the budget moving from a cash deficit of 3. 7 % of GDP in 1999 to 0. 1 % surplus in 2000.

Latvia's state budget was balanced in 1997 but the 1998 Russian financial crisis resulted in large deficits, which were reduced from 4 % of GDP in 1999 to 1. 8 % in 2003.

A sizeable budget deficit was a key concern, but recent initiatives by government have changed the situation allowing for the country to be admitted into the eurozone as of 1 January 2008.

Budget execution in 2004 was also impressive, as actual consolidated budget revenues exceeded projections by 1. 4 % for most of the year.

The FAM is now effectively a token force, and the defence budget has been cut down to 1. 5 of Mozambique's Gross National Product.

The MX5's first generation, the NA, sold over 400, 000 units from 1989 to 1997 – with a straight-4 engine to 1993, a engine thereafter ( with a de-tuned 1. 6 as a budget option in some markets ) – recognizable by its pop-up headlights.

The Government Gazette reports that 1. 8 trillion kyat ( about $ 2 billion at free market rates of exchange ), or 23. 6 % of the 2011 budget will go to defense.

The model further assumes that the consumer has a budget M which is used to purchase a vector x < sub > 1 </ sub >, x < sub > 2 </ sub >,..., x < sub > n </ sub > in such a way as to maximize U ( x < sub > 1 </ sub >, x < sub > 2 </ sub >,..., x < sub > n </ sub >).

In 2008, the Finnish government revoked a 1. 95 million euro aid package meant for Nicaragua in protest of what it alleged was a lack of transparency in Nicaragua's national budget and its municipal elections.