And there are two ways of doing that: the first being to run a budget surplus.
He expects the country to end the year with a budget surplus of around 2% of GDP.
The politics involved in achieving any meaningful progress towards a budget surplus are above my pay grade.
Jack is the only budget director in history to preside over a budget surplus for three consecutive years.
He left office with a country that had 22.2 million new jobs, a budget surplus, and low national debt.
Estonia also is the only Eurozone nation to run a budget surplus.
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But if Beijing were truly worried about the economy overheating then surely it could cut public investment and run a budget surplus?
Our economy is strong. the budget deficit is now a budget surplus.
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The creation of a budget surplus was the result of a long struggle between the White House and Congress that began during the Clinton years.
Where a budget surplus exists, how might a government best use it?
Next year it aims to achieve a primary surplus - ie a budget surplus, excluding the costs it pays to service its debts.
But the euro crisis has exposed the weakness of public finances in a country that has not run a budget surplus since 1974.
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Or that American finances are in better shape than they were a decade ago during a budget surplus, when the comparable yield was 5.5%.
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The high oil price and the boomlet that followed last year's devaluation of the rouble mean that the government is running a budget surplus.
Since 1980 the budget was only balanced once during the Clinton Administration (on January 1, 2001 there was a budget surplus) which required raising taxes.
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And the strong economy, with its expanded flow of taxes, seems likely to produce a budget surplus yes, a surplus for the next few years (see article).
One comfort for Mr Juncker is that Luxembourg, with a budget surplus and little government debt, will pass even the strictest application of the Maastricht tests.
And during that time, we created 23 million new jobs, we had a budget surplus, and guess what, we created a lot of millionaires and billionaires, too.
The mood only began to change once the crisis hit Spain, a country that had previously had a budget surplus, low debt and an admired banking regulator.
Oh yes, and despite a financial crisis that has cost the government around 20% of GDP, Iceland is expected to have a budget surplus by by 2013.
Even if they accept a huge write-down on their loans, servicing these will require a budget surplus (before interest payments) far bigger than this year's target of 2.5%.
Russia depends on energy exports to maintain a budget surplus.
Amazingly, Estonia is even back to having a budget surplus.
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In the year 2000, the government had a budget surplus.
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And as the only OMB director in history to preside over a budget surplus for three consecutive years, Jack Lew knows a thing or two about making government work.
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If the economy had continued to grow at 3.28% over the past 13 years, at the same level of spending, we would be running a budget surplus right now.
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Stan Collender, managing director of the Federal Budget Consulting Group, a private firm, argues that the politics of a budget surplus are fundamentally different from those of a deficit.
Those with good policies (low inflation, a budget surplus and openness to trade) and good institutions (little corruption, strong rule of law, effective bureaucracy) benefited from the aid they got.
As director of the Office of Management and Budget under President Clinton, Lew helped to negotiate the deal that balanced the federal budget -- and led to a budget surplus.
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