1 “...The recent sharp increase in fiscal deficits and government debt in many countries raises questions...”

2 Subjects: “...National Deficit Surplus...”

3 Subjects: “...National Deficit Surplus...”

4 Subjects: “...Forecasts of Budgets, Deficits, and Debt...”

5 “... of competence to increase their reelection chances, which in turn erodes the penchant for excessive deficits...”

6 “..., resulting in persistent deficits and procyclical policies, rising debt levels, and, over time, a loss...”