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  3. Finance (general)

capter le déficit conjoncturel

English translation: cover the cyclical deficit

13:52 May 3, 2017
French to English translations [PRO]
Bus/Financial - Finance (general) / national budget deficit
French term or phrase: capter le déficit conjoncturel
Context: a report giving recommendations about the future of the euro area; a section in this report about the benefits of creating a budget for the euro area.

Paragraph: "En finançant des dépenses publiques centrales, alimentées par des recettes fiscales centrales, cet instrument [budget de la zone euro] permet qu’une partie du soutien à l’activité par la politique budgétaire soit soutenu par la signature collective des États membres plutôt que de peser sur les finances publiques seulement au niveau national. Ceci agirait comme une « assurance contre la conjoncture », lissant la situation des États membres à l’intérieur du cycle économique :
-les pays dont la conjoncture est relativement plus dégradée contribueraient mécaniquement moins au budget central, ce dernier captant une partie de leur déficit conjoncturel ; ..."


I'm unsure as to the meaning and correct translation for this last phrase - "ce dernier captant une partie de leur déficit conjoncturel". Does this imply that the central budget would absorb their deficit? What would be the best English term for the verb "capter" here?

Thanks for your help!
Una D.
France
Local time: 21:37
English translation:cover the cyclical deficit
Explanation:
"…contribueraient mécaniquement moins au budget central, ce dernier captant une partie de leur déficit conjoncturel"

"…would automatically contribute less to the central budget, which would cover a portion of their cyclical deficit"

Of course, "capter" is often translated "capture" or "pick up" (as in "capter un signal"), but neither of these seem to work very well here.
Selected response from:

Rob Grayson
United Kingdom
Local time: 20:37
Grading comment
Thanks for your input!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +3cover the cyclical deficit
Rob Grayson
3mitigate short-term deficit fluctuations
nweatherdon


  

Answers


8 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +3
cover the cyclical deficit


Explanation:
"…contribueraient mécaniquement moins au budget central, ce dernier captant une partie de leur déficit conjoncturel"

"…would automatically contribute less to the central budget, which would cover a portion of their cyclical deficit"

Of course, "capter" is often translated "capture" or "pick up" (as in "capter un signal"), but neither of these seem to work very well here.

Rob Grayson
United Kingdom
Local time: 20:37
Specializes in field
Native speaker of: English
PRO pts in category: 805
Grading comment
Thanks for your input!

Peer comments on this answer (and responses from the answerer)
agree  philgoddard: Or absorb, as the asker suggests, or offset.
11 mins
agree  mrrafe: Agree with philgoddard and Grayson. Some English speakers object to "offset" in the case of a partial offset, as distinct from a 100% offset. They're wrong but I specify "partially offset," if that's the case, to keep them quiet.
53 mins
disagree  Daryo: not very logical: a budget is a way of taking away money from taxpayers, so it can't "cover" (=give money) any deficit, certainly not at the stage of collecting taxes / you have to COLLECT taxes first, you can't just keep printing money forever ...
1 hr
  -> No, a budget is a way of allocating expenditure.
agree  writeaway
3 hrs
agree  Yolanda Broad
9 hrs
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2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
mitigate short-term deficit fluctuations


Explanation:

I think it might be less about the business cycle and more about the fact of fluctuations of individual economies within the context of overall business cycle in the overall zone.

nweatherdon
Canada
Specializes in field
Native speaker of: English
PRO pts in category: 126
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