Relevant:
- CBO's Revised Budget Sees 2011 Deficit Rising By $500 Billion To $1.5 Trillion; $4 Trillion In Deficit Through 2013 Guarantees QE3+
- U.S. fiscal year deficit widens to $666 billion
- Portuguese Budget Deficit Revised Up Second Time to 9.1%
- U.S. Gov's Budget Deficit Overshoots by 100%; Trillion-Dollar Deficits Expected Indefinitely
- Goldman Sachs raises a red flag over U.S. government spending
2012-09-25 — telegraph.co.uk
``Economists at the investment bank calculated that Britain's budget deficit could total £126bn, or 7.8pc, of gross domestic product in 2013-14. That would make Britain's the highest projected European deficit, with Morgan Stanley predicting that Greece's would stand at 6.3pc and Spain's at just under 6pc. ''
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