However, an overvalued exchange rate and widening current account deficits created an imbalance that ultimately proved unsustainable.
Over the same period, inflation has fallen sharply and chronic trade deficits have been transformed into annual surpluses.
Yemen's large trade deficits have been compensated for by remittances from Yemenis working abroad and by foreign aid.
Reducing budget deficits belongs to the former - reducing balance of payments deficits, to the latter.
The West finances the gigantic trade and current account deficits of Macedonia, without which the economy and the currency would have long crashed even beyond their incredibly depressed levels.
Large trade deficits have been compensated for by remittances from Yemenis working abroad and by foreign aid.
Bundesbank maintained high interest rates to offset the inflationary effects of large governmentdeficits and high wage settlements.
The trade and current account deficits fell in 1992; much of Thailand's recent imports have been for capital equipment suggesting that the export sector is poised for further growth.
Finance was left entirely to the Chancellor of the Exchequer, in whose unaided hands deficits and floating debts grew apace.
Taxation had been increased; deficits had taken the place of surpluses; no legislative achievements could be discovered.
High current account deficits - averaging around 5% of GDP in the last several years - could be a persistent problem.
The current account and internal government deficits remain major concerns, but the government's efforts to increase efficiency in revenue collection may lessen the budget deficit.
In the past four years, however, the pace of reform has slackened, and excessive spending on national infrastructure projects has widened budget deficits again.
Trade deficits are offset by remittances from emigrants and by foreign aid, overwhelmingly from New Zealand.
He repeated charges that the UIPS non-renewables deficits resulted from poor control and excessive consumption of raw materials, plus breakdown in recycling and conservation policies.
For three decades, six presidents have come before you to warn of the damage deficits pose to our nation.
We should do that now, and make permanent deficits yesterday's legacy.
With the smallest federal workforce in 40 years, we turned record deficits into record surpluses, and doubled our investment in education.
If you will stick with this plan, we will post three consecutive years of declining deficits for the first time since Harry Truman lived in the White House.
Current account deficits of around 5% of GDP are beginning to decline as demand for Czech products in the European Union increases.
The fear of bankruptcy was removed, deficits of income made up, and receipts abundant.
Budget deficits have been slashed while foreign reserves in 1997 were at an all-time high.
Furthermore, substantial government deficits have undermined efforts to maintain the quality of social services.
For the last few years, El Salvador has experienced sizable deficits in both its trade and its fiscal accounts.
Latvia's growing current account and trade deficitsremain a cause for concern, reaching nearly 10% by yearend.
Trade deficits are made up for by remittances from emigrants and by foreign aid, overwhelmingly from New Zealand.
The trade and current account deficits both are mounting as imports soar and exports sag.
As a result of the expansionary fiscal policies and declining tax revenues due to the recession, Japan has one of the largest budget deficits as a percent of GDP among the industrialized countries.
Since the 1980s, inflation has fallen sharply and chronic trade deficits have been transformed into annual surpluses.
Chile's currency and foreign reserves also are strong, as sustained foreign capital inflows-including significant direct investment-have more than offset current account deficits and public debt buybacks.
Pierson had more success than any of his predecessors in bringing to an end the recurring deficits in the annual balance sheet.
This amount, though its exaction pressed heavily on the very poor, afforded little relief; and to meet recurring deficits the only resource was borrowing.
The sizable trade deficits are in the main covered by remittances from the large number of Salvadorans abroad.
With the government still committed to austerity, both the budget and current account deficits should fall to about 4% of GDP.
Servicing domestic debt has become dramatically more burdensome for both public and private sector entities because of very high real interest rates which are contributing to growing budget deficits and a surge in bankruptcies.
Losses were turned into gains; deficits were converted into surpluses; and soon Garrett had gained the reputation of being the most remarkable and efficient railroad manager in the world.
Large trade deficits are made up for by remittances from Yemenis working abroad and foreign aid.
The Georgian economy continues to experience large budget deficits due to a failure to collect tax revenues.
Large government deficits - fueled by interest payments on the massive internal debt - have undermined efforts to maintain the quality of social services.
The exiled liberals have made repeated efforts to regain power, and the administrations have not been able to avoid a constantly mounting national expenditure and the continuation of deficits and repudiation.
Consequently the debts and deficits of most European countries are larger at the present time than they were a year ago, and most of the paper currencies have depreciated--some very heavily--during the last twelve months.
The close connection between these budget deficits and the cost of living, which is causing such suffering and unrest throughout the world, is far from being grasped.
The country which accepts the policy of budget deficits is treading the slippery path which leads to general ruin; to escape from that path no sacrifice is too great.
There was a series of deficits beginning with 1894, but the deficit by no means equalled the amounts of bonds sold.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "deficits" in a variety of sentences. We hope that you will now be able to make sentences using this word.
