21.   The Finance Ministry said the deficit would be financed through borrowing.

22.   The government would also have to stop selling bonds to finance the deficit by that time.

23.   The ministry will ask them to issue more bonds to finance the deficits.

24.   The Ministry of Finance, seeking cheaper rates to finance the deficit, had pushed the central bank to lower rates.

25.   The problem has been aggravated by extremely high interest rates on borrowings to finance the deficits.

26.   The United States owes trillions of dollars of debt it took on to finance current account deficits.

27.   Thus it cannot finance budget deficits or pay its bills with newly printed money.

28.   To finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds.

29.   Thus, he said, proposing higher payroll taxes or lower benefits would only hurt taxpayers and beneficiaries, while making it easier for Washington to finance higher deficits.

30.   Unlike the U.S. government, the United Nations cannot borrow money or finance its deficit by issuing bonds or other promissory notes.