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English to Serbo-Croat translations [PRO] Bus/Financial - Economics
English term or phrase:to run a surplus budget
Against the background of capital account liberalisation, current account deficits that are not financed mainly by inward direct investment bring significant risks. It is the size of external deficits that complicates the task of policymakers when they have to decide on what is a prudent budget policy. This explains why the IMF has insisted that Zaire should run a surplus budget -- current account deficits have gone beyond 12 per cent of GDP lately and the currency board does not permit a fluctuation of the exchange rate.