Last year it had Europe's largest budget deficit, with most of its overspending on social benefits.

去年，它的财政赤字是欧洲最大的，大部分的超额花费都被用在社会福利上。

youdao

It should be combined with a second task, which is to say what the forecast effects of the expenditure cuts on the budget deficit are.

并且应当结合第二个任务，即阐明在预算中削减公共支出的的作用。

youdao

The most significant detail is the cost of his plan and its impact on our long-term budget deficit, "he said."

最重要的细节是他健保计划的成本以及因此对我们的长期预算赤字带来的冲击。

youdao

He was not kidding. The most significant detail is the cost of his plan and its impact on our long-term budget deficit,".

VOA: standard.2009.09.12

Then, there is the emphasis the commission is now placing on the so-called structural budget deficit, a measure designed to express the underlying strength or weakness of the budget that irons out the impact of swings in growth.

WSJ: In Small, Measured Steps, Europe Loosens Austerity

And in order -- if you just wanted to cut the deficit to balance the budget, only on non-discretionary -- or on discretionary non-defense spending -- so if you wanted to exempt out all the entitlements, exempt defense, you'd have to cut all those other things by 60 percent -- 60 percent.

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The savings from a higher retirement age - expected to cost about 10bn euros over 10 years - would also help to meet EU rules on Italy's budget deficit, which it must erase by 2010.

BBC: NEWS | Business | Italy retirement age 'to go up'