41.   The board will tie local money supply to foreign currency reserves through a fixed exchange rate, and prohibit borrowing from the central bank to finance deficits.

42.   The government is seeking to finance the deficit through foreign and local borrowings.

43.   U.N. rules preclude borrowing from private lending institutions to finance a deficit.

44.   Analysts have said there are risks of hyperinflation in Argentina, as its budget deficit could be financed through expanding the money supply.

45.   Analysts said the large current account deficits were expected to see Asian interest rates remaining firm as governments finance these deficits through sustained capital flows.

46.   But Viannet said after the talks that Juppe was refusing to freeze the social security plan and to discuss alternative ways of financing the deficit.

47.   Central banks must be made independent of political influence over interest rates and may no longer finance deficits.

48.   Earnings from this fund and other overseas assets are used to finance the deficit.

49.   Even a persistent budget deficit has been financed by investment income rather than resorting to borrowing.

50.   This means the United States needs foreign capital to finance its deficit, and a falling dollar could make this harder.