TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

chronic deficit [1 record]

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Record 1 1995-05-04

English

Subject field(s)
  • Financial and Budgetary Management
  • Public Sector Budgeting
CONT

The financial requirements flowing from chronic deficits, when not matched by increases in private sector savings, increase Canada's dependence on foreign borrowing, the servicing cost of which is a permanent drain on national income and future living standards.

French

Domaine(s)
  • Gestion budgétaire et financière
  • Budget des collectivités publiques
CONT

Les besoins financiers découlant de déficits chroniques, lorsqu'ils ne sont pas compensés par une augmentation de l'épargne dans le secteur privé, rendent le Canada plus dépendant des emprunts à l'étranger, dont le service constitue une ponction permanente sur le revenu national et le niveau de vie futur.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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