But the report does not detail the cause of that structural deficit.
What does matter is the structural deficit, which results from ongoing Federal programs.
From 2020, the states will not be permitted to run any structural deficit at all.
A government can run a structural deficit even if the economy is growing strongly.
Certainly the structural deficit is meant to be at 0% by 2016.
The same is true in reverse for countries with structural deficits.
That still leaves them with a structural deficit of $6 billion.
I believe the structural deficits of the last decade are almost criminal.
I though the idea was to reduce the structural deficit?
The £109bn structural deficit is the largest in Europe, he says.