The new budget will require 49 billion marks ( dlrs 35.5 billion ) in new net public borrowing . ( aa-fb)
22.
The pledge to reduce public borrowing boosted the Belgian bond market as it implied fewer bonds and less risk for lenders.
23.
And that means fixing the tax system, liberalizing labor markets and, above all, cutting public borrowing and so bringing interest rates down.
24.
This means the government might have to ask Congress to raise the limit on public borrowing to finance the gap, said officials.
25.
The new budget will require 49 billion marks ( dlrs 35 . 5 billion ) in new net public borrowing . ( aa-fb)
26.
The commission said only Germany, Luxembourg and Ireland so far meet the Maastricht criteria for reducing public borrowing, one of the toughest requirements.
27.
However, the EU executive agency said economic growth is slowing across Europe, making it harder to raise taxes needed to reduce public borrowing.
28.
And rising public borrowing demand and the an expected increase in corporate borrowing for capital spending will boost longer-term interest rates, she said.
29.
Liberals see an economy exceptionally open to trade and investment, favorable demographics, negligible public borrowing and a labor market that is oddly flexible.
30.
Austerity measures introduced to ensure key countries such as France and Germany hit EU's public borrowing targets could slow economic growth, he said.
