financing of the deficits of
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The Four Pillars — is a research programme set up in 1987 by the Geneva Association, also known as the International Association for the Study of Insurance Economics. The aim of the Four Pillars research programme is to study the key importance in the new service… … Wikipedia
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deficit financing — (esp. of a government) expenditures in excess of public revenues, made possible typically by borrowing. * * * In government, the practice of spending more money than is received as revenue, the difference being made up by borrowing or minting new … Universalium
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