1. However, repeating the process for other industries eventually leads to the running of deficit budgets. 2. Republicans say they are seizing an opportunity to try to finally end years of federal deficit budgets. 3. A coalition of political parties has said they would back a deficit budget if necessary. 4. A coalition of seven political parties has said it would back a deficit budget if necessary. 5. A PRO-BEIJING legislator has thrown his support behind a deficit budget for the next financial year. 6. But despite the growing pressure, Financial Secretary Donald Tsang told reporters Monday that it was too early to say whether a deficit budget was needed next year. 7. Center-right opposition parties have repeatedly said they would not vote for a deficit budget and also were objecting any increases in social insurance. 8. Democratic Alliance for the Betterment of Hong Kong chief Tsang Yok-sing urged Sir Donald yesterday to relax his stance and post a deficit budget. 9. He said a deficit budget might only be needed and justified under exceptional circumstance which leaves no option other than breaking the principle of the article. 10. It was the second deficit budget in a row for Singapore, which fell into recession last year. |