The process of widening budget deficits and the transmission of their effects on long-term growth is usually gradual. The anticipated short-term positive effect of deficits on aggregate output is often supported by arguments focusing on their immediate direct impact while neglecting their indirect and long-term unfavourable consequences.
The third booklet of the series, “Financial services – where to find assistance for your business” is a directory of the available agencies and organizations through which small and micro-entrepreneurs can obtain financial and other assistance such as training and mentorship.