If growth doesn't arrive, and the deficit therefore not reduced, their economic reputation will sink.

Over the 1980s, mounting federal deficits and the decline in personal saving reduced the supply of national saving available for investment.

Thus, a deficit reduced only to $160 billion would avoid the need for an automatic spending cut.

Higher deficits reduced total national savings and therefore undermined capital investment.

So the deficit outstanding reduces by 20%.

If we deal with the aftermath of the banking crash & the economy starts functioning again then the deficit will reduce.

The deficit reducing measure would also reduce or eliminate over 100 staff positions in addition to seasonal lifeguards at many state beaches.

The deficit has been reducing as a percentage of GDP.

He said the deficits reduced the global pool of investment money that the developing world and former Communist countries could use to build their economies.

The company has paid in £480m of deficit contributions since 2007 and yet still the deficit has not reduced significantly.