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Statements

Subject Item
dbr:Double_deficit_(economics)
rdfs:label
Double deficit (economics)
rdfs:comment
A country's economy has a double deficit when it is operating in deficit on two important metrics:the government budget balance and the current account (balance of payments). A deficit in the government's budget balance means that the government is spending in excess of taxation revenue and the deficit is made good by borrowing, which adds to the national debt. While borrowing for investment purposes is generally seen as wise, to do so to fund routine recurrent expenditure is not.
dcterms:subject
dbc:Balance_of_payments dbc:National_accounts dbc:International_macroeconomics
dbo:wikiPageID
1625369
dbo:wikiPageRevisionID
1113456682
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dbr:Service_(economics) dbr:Balance_of_payments dbr:Balance_of_trade dbr:Government_budget_balance dbr:Current_account_(balance_of_payments) dbr:Net_capital_outflow dbr:Twin_deficits_hypothesis dbc:National_accounts dbc:Balance_of_payments dbc:International_macroeconomics dbr:National_debt dbr:Goods dbr:Capital_account
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dbo:abstract
A country's economy has a double deficit when it is operating in deficit on two important metrics:the government budget balance and the current account (balance of payments). A deficit in the government's budget balance means that the government is spending in excess of taxation revenue and the deficit is made good by borrowing, which adds to the national debt. While borrowing for investment purposes is generally seen as wise, to do so to fund routine recurrent expenditure is not. A country's current account records the value of exports and imports of both goods and services and international transfers of capital. It is one of the two components of its balance of payments, the other being the capital account (also known as the financial account). Current account measures the nation's earnings and spendings abroad and it consists of the balance of trade, net primary income or factor income (earnings on foreign investments minus payments made to foreign investors) and net unilateral transfers, that have taken place over a given period of time. The current account balance is one of two major measures of a country's foreign trade (the other being the net capital outflow). A current account surplus indicates that the value of a country's net foreign assets (i.e. assets less liabilities) grew over the period in question, and a current account deficit indicates that it shrank. Both government and private payments are included in the calculation. It is called the current account because goods and services are generally consumed in the current period.
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wikipedia-en:Double_deficit_(economics)?oldid=1113456682&ns=0
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2562
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wikipedia-en:Double_deficit_(economics)
Subject Item
dbr:Double_deficit
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dbr:Double_deficit_(economics)
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dbr:Double_deficit_(economics)
Subject Item
dbr:Black_Wednesday
dbo:wikiPageWikiLink
dbr:Double_deficit_(economics)
Subject Item
dbr:Post-war_consensus
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dbr:Double_deficit_(economics)
Subject Item
wikipedia-en:Double_deficit_(economics)
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