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Página 92
Also observe that the gross deficit ( that is , the total financing needs ) is 774.6
million balboas . It is impossible to obtain such a large amount in foreign credit .
This amount of credit could only be conceived if international banks were willing
to ...
Also observe that the gross deficit ( that is , the total financing needs ) is 774.6
million balboas . It is impossible to obtain such a large amount in foreign credit .
This amount of credit could only be conceived if international banks were willing
to ...
Página 93
In order for this to be possible , the proposed deficit of 370.5 million balboas in
1985 must be reduced to approximately 180 million balboas . The adjustments to
cover this difference must be carried out internally , either through cuts in ...
In order for this to be possible , the proposed deficit of 370.5 million balboas in
1985 must be reduced to approximately 180 million balboas . The adjustments to
cover this difference must be carried out internally , either through cuts in ...
Página 130
In addition , such a financial program must be considered adequate by the IMF .
To this end , it is necessary that the program represent a financial adjustment : a
deficit reduction in relative terms as the chief result of an increase in tax revenues
...
In addition , such a financial program must be considered adequate by the IMF .
To this end , it is necessary that the program represent a financial adjustment : a
deficit reduction in relative terms as the chief result of an increase in tax revenues
...
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