Yes, government should lower its deficit to increase the wealth of the Nation. If they don't focus on "Cutting deficit" the chances are that by borrowing funds from other countries; won't be able to pay off their debts and in a long run it may create some economical issues like: Lack of jobs, lack of money with people, and less consumers.
New governments should focus on cutting their deficits. It would be in a new government's best interest to minimize it's spending and trade deficits. A country with a small deficit in spending and trade would be in a better position to expand economically and stimulate internal growth and reduce the reliance on foreign aid.
Debt is not a firm foundation to stand on. New governments need to focus on cutting their deficits to become debt free. In most cases this will cause a little pain to start, but everyone realizes that the deficit needs to be cut and will deal with it. Generally, no one will be left unable to survive, especially if there is a focus on the success of business, rather than to tax business as much as possible.
No, cutting the deficit should not be the first topic on a new government's agenda. First, a government should focus on making sure everything is running smoothly. Making everything run smoothly is already hard without tying your hands behind your back trying to juggle a deficit. After you've got a stable enforcement, emergency, and natural resources agency, you can begin to focus on making sure your budget balances out.
I don't believe that they should spend their time on cutting their deficit.Federal
spending has soared in recent years and government debt is piling up.
The budget situation is currently improving as the economy strengthens,
but federal deficits are expected to start rising again after 2015.
Over the long term, official projections show endless rivers of red ink
unless policymakers enact major budget reforms.