Leitao also promised balanced books for the next five years.
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Her government's obsession with balanced books has led it to invest too little.
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In the next four years the government has agreed all of new spending, tax cuts and balanced books.
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Though the coalition deal splurges much of Germany's budget surplus (€37bn last year), it also pledges balanced books and no new debt.
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The euro area's roughly balanced books offer ample room to offset the private sector weakness with tax cuts and higher public spending.
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It was a hallmark of Gotham Chamber Opera, which folded last year after its creative, well-received productions failed to lead to balanced books.
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Now, Spain, France and Italy (about half of the euro area GDP), with their budget deficits ranging from 33 percent (Italy) to 4.5 percent of GDP (Spain), have to make a huge effort to catch up with Germany's balanced books.
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I mean, we are as prepared as we can be, if I look at the different questions you've put to me there, every country's and every economy's journey to recovery is different, our journey to recovery now sees us at a place in which we delivered a fully balanced books last year, indeed, we delivered a small surplus, this comes from a journey of being in an external aid programme with the IMF, a number of years ago.
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The government said the companies would operate more profitably as private businesses. The opposition NDP warned that the sales would result in loss of control over the province's key economic sectors. After taking over balanced books in 1982, the Progressive Conservatives spent liberally on a number of voter-friendly initiatives, including tax rebates and mortgage subsidies, as well as investing millions in several money-losing megaprojects. The provincial deficit peaked at $1.2 billion in 1986–87, and the accumulated debt rose from $3.5 billion to $15 billion.
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He vertically integrated the MMTB, bringing tramcar construction and maintenance, and tramway construction in-house. This astute management saw the MMTB have balanced books, with the exception of the first four years, with large amounts made available for infrastructure investment. He was sometimes, however, somewhat risky with financial decisions, opting to rely heavily on debt spending. Notwithstanding Cameron's preference for trams over buses, impassioned defence of trams' economic advantage over buses, and feelings that buses could not provide the same level of service as trams, he still saw them as useful for cross city routes and connecting to existing tram termini and the MMTB commenced operation of bus services on 3 January 1925.
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