71. Meeting the fiscal deficit targets would require that the government complete the disinvestment package in the next two-and-a-half months. 72. Of the two countries at the heart of the euro project, Germany says it will meet the deficit target and France has gotten close. 73. The agreement is needed by Argentina to demonstrate its seriousness about meeting deficit reduction targets and keeping access to billions of dollars in bailout loans. 74. The euro slumped to a new low Thursday against the dollar, its problems exacerbated by a European Union decision to allow Italy to relax its budget deficit target. 75. The Commission said that the deficit target also fails to allow for the budgetary burden of future developments. 76. The government has failled for last five years to meet deficit targets. 77. The government blamed its failure to achieve its budget deficit target in the first three months on weak tax collection in March. 78. The greatest threat to the fiscal deficit target was tax collections falling short of budget estimates. 79. The IMF budget deficit target for Pakistan was four percent. 80. To be allowed in, nations must meet low inflation and budget deficit targets. |