Glossary entry

English term or phrase:

twin deficit

Serbo-Croat translation:

dvostruki deficit

Apr 28, 2005 14:12
19 yrs ago
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English term

twin deficit

English to Serbo-Croat Other Finance (general) taxes
As a new member, Romania will be joining several neighbours which have accumulated high budget deficits due to accession costs. But the situation in the Czech Republic, Hungary and Poland differs significantly from that of Romania. In those countries, budget revenues are larger by a few GDP percentage points, making it easier to enact painful adjustments on the expenditure side of the budget in case these cuts are needed. Moreover, in these countries the "twin deficits" logic is operative, with external deficits co-existing with considerable budget deficits -- thus, a major decrease of the budget deficit would likely lead to an appropriate fall of the current account deficit, were a balance of payments adjustment badly needed.

Proposed translations

+2
1 hr
Selected

logika dvostrukog deficita

pre nego dvojnog, jer dvojno ima sasvim drugo znacenje od dvostrukog

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Note added at 2005-05-06 04:30:22 (GMT) Post-grading [[utf-8]]
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hvala najlepse
Peer comment(s):

agree Sladjana Spaic : Slazem se :)
2 hrs
hvala lepo
agree Miomira Brankovic
4 hrs
zahvaljujem
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4 KudoZ points awarded for this answer. Comment: "hvala"
28 mins

... logika "dvojnog deficita"...

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