The fall in the overall deficit has been entirely due to cuts in capital investment and increases in taxes.
The overall deficit is due to years of government spending and interest beyond what the Treasury Department takes in.
But debt-servicing costs would still leave an overall deficit of 6.8% of GDP.
But the economic story, as the OBR director, Robert Chote said himself, is that the effort to cut the overall deficit has stalled.
China accounts for a fifth of India's overall trade deficit with the world, over half if oil is excluded.
In 2011, the United States had an overall trade deficit, but the related party trade imbalance represented 95% of the total.
Its borrowing binge in the past few years (India's overall fiscal deficit is approaching a tenth of GDP) has crowded out the private sector and made it hard for the central bank to cut interest rates.
Moreover, as the yuan strengthens against the dollar, some Chinese and US multinationals manufacturing there could shift production to lower cost countries, meaning the overall trade deficit would not be changed, the US China Business Council said.
Besides saving money for the trust funds and helping to trim the overall budget deficit in the short run, a limit on future increases could also help build up reserves to soften the 21st century's demographic crunch.
The IMF says that public sector gross debt as a percentage of GDP for the US was 91.6% last year, rising to 99.5% in 2011 and is forecast to come in at 102.9% in 2012, despite assuming that the overall fiscal deficit declines by 3 percentage points to 7.1% of GDP.
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However, the campaign in Libya has re-ignited the debate that raged during the SDSR as to how the government could deal with the overall budget deficit and a black hole in the defence budget over the next decade without harming current operations and the armed forces' ability to deal with future contingencies.
And that still remains just a small -- a relatively small portion of the overall achievement in deficit reduction thus far.
In this case, the overall good is significant deficit reduction that strengthens our economy and helps us create jobs.
America's overall visible-trade deficit has been hitting new highs recently.
The impact on the overall federal budget and deficit reduction is miniscule, but the meaning of cuts to local businesses in and around treasured landmarks that host nearly 300 million visitors a year is all too real.
The bipartisan Congressional Budget Office even reported this week that although the budget is still running at an annual deficit, and so the overall national debt continues to rise, the improving economy and legislative changes have cut the annual deficit in half over the last four years.
It was about the overall economy and specifically about deficit and debt reduction.
Overall, America had a deficit with 103 countries and a surplus with 104.
China's overall trade balance was in deficit in the first three months of this year, thanks to strong import growth.
The country faces a deficit of 11% in overall demand, and anywhere from 12-17% when demand peaks.
While buffeted at times by Europe's deficit and currency woes, an overall perception of growing economic stability was a major reason Obama defeated GOP challenger Mitt Romney in November by more than 4 million votes.
Overall, Spain has pledged to cut its national deficit to 5.3% of GDP, but the European Commission forecast last week that the country would fail to meet that goal, instead hitting 6.4% of GDP.
This would leave a trade deficit with Japan but potentially balance American trade overall.
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It had looked unlikely with overall World Cup champion Maze expected to overturn the one-point deficit, but fog at the bottom section of the racecourse forced a cancellation.
And Mr Osborne's long-standing refusal to promise an overall cut in taxes looks vindicated, in the face of a burgeoning fiscal deficit.
Whichever numbers you choose, central banks' increases in dollar reserves have been large compared with overall foreign purchases of American bonds, and huge compared with the size of the current-account deficit.
Once that stabilization began to take hold, he turned towards the task of reducing our deficit, which he believes is also a worthy and necessary goal when it is part of the overall project, the overall number-one priority which is growth and job creation.
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