Catastrophe on hold?

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Catastrophe on hold?

机译：灾难被搁置了吗？

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Good news: the Philippines, according to its president, Gloria Arroyo, has averted a fiscal crisis. Earlier this year, she herself had warned of impending catastrophe due to persistent budget deficits and ballooning public debt. She urged Congress to pass eight revenue-raising measures, and instructed the bureaucracy to tighten its belt. Now, she says, the country is out of the woods.

机译：好消息：据菲律宾总统格洛里亚·阿罗约（Gloria Arroyo）称，菲律宾避免了财政危机。今年早些时候，她本人警告说，由于持续的预算赤字和不断增加的公共债务，即将发生的灾难。她敦促国会通过八项增收措施，并指示官僚机构收紧腰带。她说，现在，这个国家已经摆脱了困境。

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《The economist》 |2004年第8402期|p.59|共1页
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中图分类经济;各科经济学;
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