But there's another way to think about government deficits. Just as a six becomes a nine when we view it from a different angle, a government deficit becomes a financial surplus when we look at it from another perspective.
In David Cameron, I follow in the footsteps of a great, modern Prime Minister. Under David’s leadership, the government stabilised the economy, reduced the budget deficit, and helped more people into work than ever before.
Although some of its ministers may stay, its departure increases the chances that Ms Rousseff will be impeached on charges that she used accounting trickery to disguise the size of the budget deficit.
China has decided to issue 1 trillion yuan ($136.79 billion) of treasury bonds during the fourth quarter, expanding budgeted fiscal deficit rates to around 3.8 percent for the year, up from 3 percent.
Lu Ting, chief China economist at Nomura, said a higher fiscal deficit ratio would allow the central government to issue more bonds, ramp up transfers to local governments and alleviate fiscal pressures.