[lemma="29"] [tag=JJ] □ □ | □
[lemma="29"] [tag=JJ] [□] □ | □
[lemma="29"] [tag=JJ] [] □ | □
Indeed , the IMF accepted an easing of the fiscal stance at a later stage , which would seem to indicate that the fiscal stance adopted at the outset may have been inappropriate . In that position , he was responsible for personnel , budget preparation financial oversight , fiscal management , technical and project management and professional staff development . The government - - which has targeted lower fiscal deficits since 2003 toward balancing the budget before the end of President Arroyo ’ s term - - contained the full-year 2004 budget deficit to 3.9 % of GDP ( down from 2002 ’ s 5.3 % record high ) and is on track thus far to containing the 2005 deficit to 3.4 % of GDP in 2005 , reflecting spending restrain and more vigorous efforts by tax collection agencies to improve administration , enforcement , and governance . Estimating the fiscal effects of some quasi-fiscal activities is relatively straightforward . Our attention to cash generation and preservation has paid off ; we have reduced Celera 's cash burn projection for fiscal 2002 by a minimum of 35 million dollars .