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911 Sentences With "outlays"

How to use outlays in a sentence? Find typical usage patterns (collocations)/phrases/context for "outlays" and check conjugation/comparative form for "outlays". Mastering all the usages of "outlays" from sentence examples published by news publications.

Public construction outlays fell 1.9 percent in March as outlays on state and local government construction projects, the largest portion of the public sector segment, declined 1.4 percent.
Because government outlays occur when the Treasury releases funds to liquidate federal obligations, outlays are an explicitly executive function, not a legislative one, like authorizing or appropriating funds.
Republicans oppose large-scale outlays on infrastructure — just as they oppose large-scale outlays for the job-training, vocational education and child care services that Trump touted in the speech.
Although some health outlays might be obvious contenders — i.e.
Construction outlays were down 250 percent from a year ago.
Construction outlays were up 8.0 percent from a year ago.
Construction outlays were up 0.3 percent from a year ago.
Private construction outlays have now declined for three straight months.
Some of these include outlays for research, education and veterans.
Construction outlays were up 0.3 percent from a year ago.
But it is unclear what VW's huge outlays have yielded.
Construction outlays were down 0.2 percent from a year ago.
That's more than the extra staff outlays may be worth.
Although some health care outlays might be obvious contenders — i.e.
Healthcare spending boosted services outlays, which rose 0.3 percent in August.
Outlays on services rose 0.5 percent, reflecting rising demand for utilities.
But those outlays weren't included in recent filings compiled by CRP.
The total increase in outlays is worth another 0.7% of GDP.
These costs would be modest compared to Social Security's overall outlays.
The return on investment assumes global outlays of $6900 trillion annually.
This could represent a headwind for consumer outlays and economic momentum.
Economists polled by Reuters had forecast outlays to rise 0.2 percent.
Consumer spending increased 4 percent, and federal outlays rose 1003 percent.
Private residential construction outlays have now declined for five straight months.
Outlays on goods were unchanged after surging 20.3 percent in May.
Federal outlays increased for the fiscal year, but, because the economy grew at a faster pace than outlays did the previous year, they fell as a share of the economy, to 20.3 percent from 2297 percent.
Politicians found it easier to cut long-term outlays than current spending.
It was led by a 0.8 percent rise in outlays on services.
Outlays on services rose 0.5 percent, lifted by demand for household utilities.
Total outlays increased by 22.8% over last July as receipts grew 11.6%.
Private residential outlays dipped 0.5 percent to the lowest since November 2017.
Private residential outlays fell 0.5 percent to their lowest since November 2017.
Receipts last month totaled $350 billion, while outlays were at $364 billion.
Over the past 2202 years, outlays have averaged 2628 percent of GDP.
And the outlays for repairs can be an issue, too, she says.
Spending was held back by a drop in outlays on household utilities.
Instead, the revised budget proposes a 10 percent cut to nonmilitary outlays.
Construction outlays were previously reported to have declined 0.5 percent in February.
Smaller runs require smaller financial outlays, enabling smaller, boutique brands to thrive.
Construction outlays were up 10.5 percent compared to November of last year.
Raising the country's growth potential would also trigger increasing business capital outlays.
Most of the direct outlays will probably go to research and development.
Nonresidential outlays were previously reported to have increased at a 10.1 percent pace.
Outlays on federal government construction projects tumbled 2.7% after increasing 1.4% in February.
It includes subsidies for initial outlays, and auctions to encourage lowest-cost bidders.
Nonresidential outlays were previously reported to have increased at a 5.4 percent pace.
Outlays on public construction projects jumped 3.9 percent, the largest gain since 2014.
Spending was held down by weak outlays on agricultural machinery and office furniture.
Outlays on services rose 0.2 percent after gaining 0.3 percent the prior month.
Private construction spending was boosted by increases in both residential and nonresidential outlays.
The arithmetic is that the budget deficit equals federal outlays minus tax receipts.
Bahrain has struggled to curb outlays while avoiding public anger over fiscal reforms.
In that year, nondefense outlays would amount to just 1.4 percent of GDP.
Outlays on private nonresidential structures, which include factories and offices, rose 1.0 percent.
A better VAWA should require transparency and accountability about all VAWA fund outlays.
Outlays on private nonresidential structures, which include factories and offices, rose 1 percent.
Recent data showing Chinese imports increasing 20 percent highlight this boom in outlays.
The state commissions are often reluctant to make those outlays, Mr. Feasel said.
The Treasury Department stretches its finances based on tax receipts and spending outlays.
Some outlays like payments to an election official possibly amounted to criminal bribery.
The company had forecast outlays of 1.22 billion reais ($293 million) over three years.
Outlays on private residential projects rose 0.3 percent after dropping 0.5 percent in December.
But both campaign spending and measurable corporate outlays on lobbying have soared since 2000.
France, Germany, Britain and neighboring countries sharply curbed military outlays while austerity was enforced.
All financial outlays – not just gifts, but tips – should be planned and budgeted for.
Without reform, the government says, outlays will climb to 17% of GDP by 2060.
The industrial index finished up 0.4 percent, buoyed by prospects for increased infrastructure outlays.
It is set to make up about 18 percent of federal outlays in 2028.
Continued outlays on roads, railways and airports - still nowhere near enough - will help too.
Outlays on state and local government construction projects dropped for a third straight month.
The plan also calls for a 10 percent cut to pension outlays by 2020.
Outlays on services increased 0.4 percent after surging 0.6 percent in the prior month.
Federal spending totals, or outlays, have increased in all but three years since 1970.
Housing and medical outlays top the list of fastest-growing expenses that retirees face.
Those excessive outlays pay for the ridiculously high earnings in the health care system.
Spending on nondurable goods surged 22007 percent and outlays on services rose 23.2 percent.
That notion sounds crazy, of course, but so is underwriting such outlays in China.
More importantly, the BBA is not a traditional one-time increase in government outlays.
Spending, or outlays, increased by 22020 percent, outpacing the 5 percent increase in revenues.
"Obviously, the run-up to the [Libertarian Party] Convention involved significant outlays," Hunter said.
Through December, receipts have totaled $806.5 billion while outlays have come to $1.16 trillion.
Outlays on services increased 0.4 percent after surging 6.73 percent in the prior month.
Outlays on services shot up 0.7 percent after rising 0.3 percent the prior month.
Revenue and outlays exceed those levels today and, according to a report released by the CBO last month, both are projected to rise even further, with annual revenue exceeding 6900 percent of GDP and outlays exceeding 2628 percent of GDP (!) within 28503 years.
Spending on services rose 0.4 percent, but outlays on non-durable goods slipped 0.5 percent.
Plans to make capital outlays fell two points this month but remain near record-highs.
Outlays on federal government construction projects tumbled 2.7 percent after increasing 1.4 percent in February.
The early October timeframe has extra credence as large federal outlays are due on Oct.
Without reform, the government says, outlays will climb to 17 percent of GDP by 2060.
The industrial index was also up 0.36 percent, buoyed by prospects for increased infrastructure outlays.
Outlays on services rose 0.2 percent as consumers paid more for financial services and insurance.
Urzua said the budget redirected spending toward Lopez Obrador's priorities, namely infrastructure and social outlays.
Outlays on public construction projects dropped 1.4 percent to their lowest level since February 2014.
For now, what Netflix's peers see is the sheer scale of its outlays on programming.
Simultaneously, higher prices at the pump and elevated inflation constrain households' disposable income and outlays.
Moreover, transparency about fund outlays will make the next reauthorization of VAWA far better informed.
Over the last four decades, the mix of outlays has been turned on its head.
But the government faces rising costs for health care, social welfare and other civilian outlays.
Complaints are widespread, especially in poorer developments where maintenance companies keep outlays to a minimum.
Mr. Reeder also said Renco had agreed to reimburse the pension agency for its outlays.
State and local government construction outlays slipped 0.3 percent after rising 1.1 percent in March.
Now Republican deficit hawks face the prospect of large new outlays for Harvey and Irma.
Outlays on public construction projects dropped 1.4 percent to their lowest level since February 503.
An increase in the cost of subsidizing education loans also contributed to the increased outlays.
Outlays on public construction projects rose 0.2 percent in November after jumping 3.5 percent in October.
But they also said it may be too late for such outlays to make a difference.
Outlays on services advanced 0.4 percent, with spending on healthcare accounting for much of the increase.
State and local government construction outlays rose 0.5 percent to levels last seen in March 2016.
Last month's outlays included plane tickets, Christmas gifts, and one too many trips to J. Crew.
Outlays on private residential projects edged up 0.1 percent to the highest level since January 2007.
A senior Treasury official said outlays last month were a record for the month of September.
A fall in spending on private residential projects balanced with a jump in public construction outlays.
So-called P3s can take big outlays off a local government's plate and manage assets efficiently.
He sees a persistent $5 million gap between income and outlays, now covered by individual gifts.
"We're not talking about big financial outlays here, but they do bring positive emotions," he said.
Part of keeping your outlays down means checking every single medical bill you get, Lipezker said.
In October, outlays on public construction projects rose 0.8 percent after falling 1.5 percent in September.
In September, outlays on public construction projects jumped 2.6 percent after rising 0.7 percent in August.
Aside from other objections, traditionalists see such huge government outlays as requiring unsustainable amounts of debt.
Such wasteful outlays have helped rocket China's combined public-private debt to 2628 percent of GDP.
Those outlays have drawn foreign defense contractors to this week's Japan International Aerospace Exhibition in Tokyo.
Mandatory spending and interest on the debt collectively represent nearly 70 percent of annual federal outlays.
Revenue was up 2.5 percent, failing to keep pace with the 6.6 percent rise in outlays.
Discretionary outlays are already slated under current law to fall sharply as a share of GDP.
NAM ended 22019 with $17 million in lobbying outlays, an increase of 37 percent over 2013.
They drive private consumption, residential investments and business capital outlays — 87.1% of the total U.S. economy.
And that's why clearing up trade uncertainties to spur business capital outlays is of paramount importance.
Some Democrats have said outlays for the wall will be a dealbreaker in future budget talks.
How it would work: The proposal suggests federal outlays of about $100 billion over 10 years.
Despite the welcome increase, most Europeans perceive few threats and are unlikely to raise outlays substantially.
It has also pledged to spend 20% less on capital outlays this year than in 2019.
Yet those outlays would support ongoing operations, not address underlying issues of readiness and equipment age.
Healthcare outlays in the United States account for nearly 18% of the country's gross domestic product.
Japan's defense outlays for the past five years have risen by just 1 percent a year.
Private construction outlays fell 1.7% to the lowest level since January 2017 after being unchanged in March.
Spending last month was driven by outlays on healthcare, which offset a drop in motor vehicle purchases.
Outlays on federal government construction projects surged 2.1% in December to the highest level since December 2012.
That included sales and marketing outlays of $78.5 million, up almost 61 percent from a year earlier.
Outlays on federal government construction projects surged 2.1% in December to the highest level since December 2012.
Outlays on private residential construction were flat, while spending on private nonresidential construction was down 0.7 percent.
Outlays on federal government construction projects rebounded 2.6% in June after plunging 5.6% in the prior month.
Government outlays were previously reported to have declined at a 0.1 percent pace in the third quarter.
They would make the step of reforming entitlements, and decreasing mandatory outlays as a result, a reality.
They are due to recoup their initial outlays from the government once the accrued savings are verified.
Fiscal 2016 revenues grew 32 percent to $3.267 trillion, while outlays rose 5 percent to $3.854 trillion.
Company executives said the increases were partly driven by extra outlays related to making their services safe.
Clearly, that experience shows that these mandates have caused costs to rise – and, with them, federal outlays.
Outlays on federal government construction projects dropped 2.2% in August after falling 2.5% in the prior month.
Outlays on federal government construction projects increased 0.6% in October to the highest level since May 2013.
"The increased outlays (in the budget) to the social sector do not necessarily benefit children," he said.
While a relatively insignificant amount compared to all our federal outlays, the return on investment is massive.
Outlays on federal government construction projects increased 0.6% in October to the highest level since May 2013.
Outlays on federal government construction projects tumbled 5.2% in May after rising 7.3% in the prior month.
For Swedish businesses, these outlays yield a key dividend: Employees have proved receptive to absorbing new technology.
As of mid-August, Capuano had spent $1.75 million on the race, more than twice Pressley's outlays.
Outlays on state and local government construction projects dropped 4.8 percent, also the biggest drop since March 2002.
Germany, which spends nearly 1.2 percent of GDP on military outlays, has pledged to meet the NATO target.
Exercising more, for example, easily goes hand in hand with outlays for gym memberships, classes and fitness gear.
About 13.6 million Medicare beneficiaries were using Medigap policies to reduce their out-of-pocket outlays in 2017.
Additional outlays to Trump businesses include $70,915 to Trump Tower Commercial LLC and $3,000 to Trump Restaurants LLC.
Data for February was revised to show construction outlays rising 0.7 instead of increasing 1% as previously reported.
This revision reflects real spending increases due to social and pension outlays, and the reactivation of public investment.
And the oil and gas industry's total lobbying outlays during 1998-2018 amounted to a shocking $2.2 billion.
State and local government construction outlays accelerated 1.7 percent in August to the highest level since March 2009.
Data for April was revised to show construction outlays rising 0.4% instead of being unchanged as previously reported.
Outlays on federal government construction projects tumbled 5.2% in May after rising by 7.3% in the prior month.
Outlays on private residential construction were unchanged as spending on both single-family and multi-family projects fell.
Slashing marketing outlays might allow a miniscule profit, but then the top line could stall or start shrinking.
Other outlays include $150,000 for chairman John Fahey, who only has been in the position for eight months.
The saving in private health care costs would swamp the increase in public outlays; that's the whole point.
They said increased military spending should be matched by higher outlays for diplomacy, humanitarian aid and crisis prevention.
These concerns all exacerbate the fundamental problem with our fiscal dilemma: a structural mismatch between revenues and outlays.
With businesses enjoying a massive tailwind from tax reform, investment outlays should remain strong for the foreseeable future.
Outlays totaled 54.1 percent of GDP in 2009 and now government is consuming 52.2 percent of economic output.
Outlays on services increased 0.3 percent amid a rise in airline tickets for foreign travel and communication services.
Outlays on state and local government construction projects rose 0.6 percent, also gaining for a fourth consecutive month.
The Better Care Reconciliation Act (BCRA) proposes to reduce expected Medicaid outlays by $772 billion over 28 years.
Judging from the survey data on capital outlays, there does seem to be a positive shift in trend.
Outlays on services increased 1.033 percent last month, driven by healthcare spending, after rising 0.4 percent in February.
Outlays on state and local government construction projects advanced 2.3 percent, also gaining for a third straight month.
Expanding a ride-hailing service requires outlays to recruit drivers in multiple cities, which can quickly get expensive.
All told, Congress allocated $20.8 trillion in federal outlays (excluding defense and military spending) from 1984 to 2004.
In August, private construction spending fell 0.3 percent, with outlays on residential construction down by the same amount.
This would not initially involve U.S. procurement outlays, but it would enhance readiness and deterrence for both countries.
Data for September was revised to show construction outlays declining 0.3% instead of rising 0.5% as previously reported.
In contrast, housing and nonresidential construction both dropped in Q28500, as did state and local government construction outlays.
Defense hawks remained hopeful for a return to fiscally bold Reagan-era outlays on new hardware and personnel.
"They all would require major capital outlays," Mahaney said of new businesses, from streaming video to the cloud.
However, the rate of spending is adding to the shortfall, with outlays coming in at $1.57 trillion vs.
Data for April was revised to show construction outlays rising 4.515% instead of being unchanged as previously reported.
But it will last five years, with the first outlays expected in the first half of this year.
Indeed, non-defense discretionary outlays would drop to $429 billion in fiscal 2027, according to White House tables.
Consumer spending in August was held back by a 1.1 percent decline in outlays on long-lasting manufactured goods.
The U.S. federal government's outlays exceeded its receipts by $779 billion in Fiscal Year 2018, which ended on Sept.
Our analysis suggests that Federal outlays could therefore be reduced, perhaps by as much as $10 billion per year.
Spending on services increased 0.5 percent, but outlays on long-lasting manufactured goods such as automobiles fell 0.3 percent.
Spending, in the meantime, was up $22020 billion, as outlays spiked on defense, health, veterans affairs and Social Security.
Sales and marketing outlays were $78.5 million in the first quarter, almost 61 percent more than a year earlier.
Spending on services increased 0.5 percent, but outlays on long-lasting manufactured goods such as automobiles fell 0.3 percent.
Outlays on state and local government construction projects, the largest portion of the public sector segment, fell 0.5 percent.
Data for February was revised to show construction outlays rising 0.7 instead of increasing 1.0 percent as previously reported.
One approach is to cut the outlays for retirees by raising the retirement age, narrowing eligibility, or reducing payouts.
In Europe, taxes would have to rise as much as 30% to cover future pension outlays, says the IMF.
Outlays on services edged up 0.1 percent, held back by a decline in spending on household electricity and gas.
Infrastructure spending and increased defense outlays could also be delayed as the White House struggles to pass a budget.
Outlays on services edged up 212 percent, held back by a decline in spending on household electricity and gas.
Overall, retail outlays are running ahead of last year's levels by 5.9 percent, about twice the level of inflation.
That might harm those who need short-term credit to cover unexpected outlays, such as replacing a broken boiler.
Multiply those outlays by an average three weddings per year, and celebrating other people's marriages is no small expense.
CEO Randall Stephenson also committed to an extra $220006 billion in capital outlays, citing the expected drop in taxes.
Private institutions offered no relief, requiring outlays of 16 percent (Idaho) to 45 percent (Rhode Island) of family income.
Data for May was revised up to show construction outlays falling 25.6% instead of decreasing 0.8% as previously reported.
Outlays on state and local government construction projects declined 1.4 percent in March after leaping 2.5 percent in February.
The government boosted outlays in October to $299 billion, up $31 billion from the same month of last year.
The drop in residential construction outlays was deeper than previously reported and government spending actually contracted instead of expanding.
Fourth quarter GDP is scheduled for Wednesday and a report on personal income and outlays is due out Thursday.
The big outlays come as the White House and Congress push plans that would limit drug companies' price increases.
Outlays on state and local government construction projects increased 1.7 percent in May after falling 2.7 percent in April.
You should use the pain of any outlays to motivate yourself to ask for a raise at every opportunity.
In fact, the 4.7 percent surge in consumer outlays in the second quarter was the biggest since late-2014.
Data for July was revised down to show construction outlays unchanged instead of nudging up 0.1% as previously reported.
A 2016 Fidelity study found a typical retired couple will have $260,000 in out-of-pocket health-care outlays.
But while the GOP plan does reduce outlays on both of those things, it doesn't eliminate either of them.
Other significant purchases and outlays such as a car, home appliances and home remodeling may come at a steep discount.
Other outlays, including for missile launchers, interceptors, buildings and defenses for the two sites, will add to the final tally.
Outlays on private residential projects plunged 3.5 percent, the biggest drop since April 2009, after advancing 1.2 percent in February.
In addition, Washington accounts for roughly 40% of the globe's military outlays to project power on behalf of other states.
Outlays this year will be only 3.4 percent below what was projected in March 2011, before the budget cutting began.
Whether medical, automotive, life, residential, or commercial, the value proposition of smoothing out potential cash flow outlays often makes sense.
Those cuts follow a sustained series of heavy outlays which have, to date, failed to move the needle with voters.
Outlays on state and local government construction projects fell 5.1 percent in June, also the largest fall since March 2002.
N. Wall Street has been prodding the industry to pare outlays after years of higher drilling produced scant shareholder returns.
Big government outlays on subways, sewage systems and affordable housing are not just useful ways of propping up growth today.
If the Trump administration now sees these as federal outlays, then a lot of major projects are now in jeopardy.
Our country's fiscal gap – the present value difference between all CBO-projected future outlays and receipts – is already $240 trillion.
Survey questions run the gamut from spending on housing, furniture, and vehicles to outlays for insurance, medical care and vacations.
This could weigh on U.S. exports, which would be troubling in light of the recent sharp slowing in capital outlays.
And since more people in Texas will be eligible for federal welfare programs, like unemployment insurance, federal outlays will increase.
Nevertheless, the early signs are encouraging, as capital outlays appear to be accelerating, at least relative to the previous trend.
The financing for a distinct, well-defined budget for specific capital projects could be handled differently from general budget outlays.
The large outlays follow moves within the White House that could limit pharmaceutical companies' price increases and profits on medicines.
Last month, spending on goods increased 0.5%, with outlays on long-lasting manufactured goods such as motor vehicles surging 1.7%.
In fact, since 2010 Medicare outlays per beneficiary have risen only 1.4 percent a year, less than the inflation rate.
After an emergency meeting, Trump claimed a personal victory at having pressured allies to make big increases in defense outlays.
Personal consumption expenditures rose 4 percent while business investment grew 7.3 percent and federal government outlays increased by 3.5 percent.
The CBO and JCT report also estimated that federal Medicaid outlays would drop by $2628 billion between 28503 and 22019.
Such outlays, paired with the relatively small number of worthy startups in the region, have led to fears of a bubble.
Outlays on services rose 20 percent as consumers paid more for financial services and insurance, after increasing 0.3 percent in December.
Data for July was revised up to show construction outlays rising 0.2 percent instead of the previously reported 0.1 percent gain.
Credit numbers are showing that the ECB policy is working – slowly – to support household consumption, residential investments and business capital outlays.
It was the fastest slowdown in business outlays since the second quarter of 2009, at the bottom of the Great Recession.
When combining other national security spending and veterans costs, the government outlays represent more than $1 trillion per year, Grazier said.
Los Angeles last hosted the Games in 1984, using corporate funding, television rights, and existing facilities to keep its outlays low.
The company sells the plan to police, saying it allows them to avoid large capital outlays and it includes a warranty.
President Jair Bolsonaro has made reining in public spending, particularly social security outlays, a key plank of his economic reform agenda.
Data for April was revised down to show construction outlays rising 0.9 percent instead of the previously reported 1.8 percent surge.
It would encourage states to cut Medicaid benefits for those who remain covered by eliminating federal cost sharing on additional outlays.
Construction spending was boosted by outlays on private residential construction, which surged 1.8 percent to the highest level since July 2007.
Over the next 10 years, the CBO projects mandatory spending will account for 70 percent of the increase in federal outlays.
Last week, it said it would cut 2020 capital spending by about 40%, reducing outlays in Colorado and Texas shale fields.
Add the cost of extra health outlays for an ageing population, and spending would again top the 1970s average, it said.
In general, I continue to believe in strong labor market fundamentals supporting income and consumer outlays and preventing a hard landing.
But August's construction outlays were revised down to show a 0.1 percent gain instead of the previously reported 0.5 percent rise.
Spectrum pricing has varied widely, with telecoms looking to minimize their outlays and regulators looking to maximize the funds they raise.
U.S. construction spending rebounded in August after two straight months of declines, boosted by increases in both private and public outlays.
Outlays for August were also revised higher to show a 8.13 percent gain rather than the previously reported 0.5 percent drop.
In our digital era, the communicative impact of an exception for de minimis financial outlays is far more than de minimis.
Outlays on private non-residential structures have been depressed by a manufacturing downturn due to trade tensions and cheaper energy products.
But the program has bipartisan support, and Congress increased outlays for the program in the federal spending bill passed last week.
Even if it managed to halve its total sales and administration outlays, estimated at $2.9 billion, it would still lose money.
The highly ranked medical school had been a giant financial drain because its government-subsidized research programs required substantial matching outlays.
China's space budget was still only about one-tenth of the United States' outlays, Xu said, but he did not elaborate.
Additional fines, fees, and the costs of the years-long cleanup have brought the oil giant's total outlays to $65 billion.
These transformations are being driven mainly by environmental regulations, integrated resource planning by utilities, and market forces, not by federal outlays.
Recent data has shown solid consumer spending, including higher-than-expected outlays in June as households bought more goods and services.
"The first question would be what is the score in terms of receipts to the government and the outlays," he said.
Outlays on services gained 0.3 percent, with spending on health care offsetting a decrease in spending at restaurants and on accommodation.
It leases equipment to consumers under long-term contracts, enabling them to avoid large initial outlays for the panels and batteries.
" CBO: The report notes that between 2017-2026 the country will see "reduction of $772 billion in federal outlays for Medicaid.
They and their families are also often more likely to be affluent, since participation on so many teams requires significant cash outlays.
From 2005 through 2014, the federal government spent a total of $277 billion on disaster outlays, according to the Government Accountability Office.
Japan has increased military outlays under Abe to counter a Chinese military buildup, and now spends about what Britain does on defence.
The lion's share of public spending is nondiscretionary, or outlays that the government must meet, such as payrolls and social security benefits.
Unexpected outlays for health emergencies were cited as the second-highest worry with regard to retiring early, with 46 percent of respondents.
Given the current trajectory it appears that the bulk of cash outlays related to the 2014 - 2018 program will occur in 2016.
Average annual outlays of Social Security are projected to increase from $4.9 billion currently to $6.3 billion through the 2040-2049 window.
As reported by the CBO, over the past 2202 years, federal revenue averaged 2628 percent of GDP while outlays averaged 28500 percent.
And there's good reason for their calmness: federal interest payments are only 1.3 percent of G.D.P., or 6 percent of total outlays.
U.S. construction spending also rebounded in August after two straight months of declines, boosted by increases in both private and public outlays.
These aren't just short-term, money-making exercises, they're long-term commitments with big capital outlays and large returns over many years.
Japan has increased military outlays under Abe to counter a Chinese military buildup, and now spends about what Britain does on defense.
The company leases equipment to consumers under long-term contracts, enabling them to avoid large initial outlays for the panels and batteries.
In March, spending on goods rebounded 1.7 percent, with outlays on long-lasting manufactured goods such as cars shooting up 2.3 percent.
Outlays on private residential projects shot up 4.5 percent, the biggest rise since November 1993, following a 4.1 percent plunge in March.
Depending on the nature and scope of the crisis, their intervention may require larger public outlays and a reordering of national priorities.
In its last fiscal year, the company's $33 billion of research and development outlays were equivalent to 25 percent of its revenue.
The top 10% of earners account for nearly half of all consumer outlays, according to Mark Zandi, chief economist at Moody's Analytics.
First, no budget in my 250 years of following fiscal policy has attempted to reallocate outlays as radically as this budget does.
There were no profit guarantees for such outlays, but in most cases his choices were solid and the investments paid off handsomely.
Yes, one way or another, taxes would rise with Medicare for All, but private health outlays would go down by much more.
Past budget deals have front-loaded spending, implementing increased outlays in the short term with promises of cuts that would follow later.
Valeant tried to address the problem by acquiring companies, slashing research outlays and jacking up prices to keep the top line growing.
Even with conventional treatment, out-of-pocket outlays for pricey drugs and procedures can skyrocket when people have high cost-sharing plans.
Ultimately, you have to accept you're going to have higher federal outlays if you want to get the projects you're looking for.
Officials with direct knowledge of budget discussions said Jaitley could raise taxes on services and petroleum products to help cover the extra outlays.
They had lost half their value over the past year on concerns that heavy network outlays would wreck its profitable asset-light model.
The largest outlays have been rival TaxiForSure for $200 million in 2015 and FoodPanda India last December which relaunched its food delivery business.
Jobs, incomes and credit costs drive household consumption, residential investments and business capital outlays — a hefty 21990% of the U.S. economy in 295.
But they have also done so because they have not seen enough demand for their products and services to justify major investment outlays.
The budget agreement was earlier expected to include parity between increases in defense spending and domestic, non-defense outlays — a priority for Pelosi.
This happens to be in the same ballpark as both food stamps and budget office estimates of this year's net outlays on Obamacare.
A lighter tax burden will also leave more income to consumers to raise the demand for money and outlays on goods and services.
That scenario is now impossible with declining exports and a weak (2 percent) growth of business capital outlays over the last two years.
As Japan's ageing population puts ever more pressure on its budget, the health ministry is trying to cut back its outlays on drugs.
Valeant attempted to address the problem by acquiring companies, slashing R&D outlays and jacking up prices to keep the top line growing.
Despite their vast outlays, reckons Mr Li, Taiwanese firms spent too little to reach the technology frontier and were expecting profits too early.
That is a bad sign for business investments because the European firms chiefly rely on bank loans for their plant and equipment outlays.
Chief Financial Officer Ruth Porat also affirmed Alphabets simultaneous commitment to experimenting with new lines of business while remaining disciplined with capital outlays.
Federal outlays are expected to grow from 20.9 percent of gross domestic product (GDP) in 21625 to 2900 percent of GDP in 220006.
For example, federal funds cover a small fraction of Puerto Rico's outlays for Medicaid, the public health insurance program for low-income families.
Factor in the projected increase in federal outlays for health care and other mandatory spending programs and the budget spirals out of control.
Public outlays are also incurred through costs for policing, law enforcement and other public services in dealing with drug overdoses and addiction treatment.
A revival in domestic energy production has contributed, but the big improvement so far this year has come in outlays for business equipment.
And some states are responding to the looming census resources shortfall by authorizing financial outlays to work with local groups on census implementation.
It was the third straight monthly drop in private construction outlays and reflected a 0.8 percent decline in spending on private nonresidential projects.
The revisions to the fourth-quarter reading reflected markdowns to consumer and business spending, as well as government outlays and investment in homebuilding.
After that, outlays grow more quickly than the economy does, reaching 23.3 percent of GDP (adjusted to exclude shifts in timing) by 2028.
The party's 2012 filing indicates outlays for expenses other than advertising of just under $2 million, at the exchange rate at the time.
This is the extra money we need in reserve as of today to cover all the future outlays our tax system won't support.
Lukoil, Russia's largest private oil company, trimmed spending last year on capital outlays to $9 billion, down $1.5 billion from the year before.
It is now churning out roughly half a billion dollars a year in cash flow, even including outlays for new plant and equipment.
The government also revised downward its estimate for July, saying spending declined 0.3 percent rather than the initial estimate that outlays were unchanged.
Much of the new outlays will be allocated to small businesses, the medical and tourism sectors, as consumers pull back on discretionary spending.
To undo these gains would be to undo the first consecutive stretch of declining federal outlays since President Eisenhower's first term in office.
Investment in homebuilding was weaker than previously reported, with outlays falling at a 7.3 percent rate rather than at a 6.5 percent pace.
Most of the spur-of-the-moment outlays go toward food, with 70.5 percent of respondents saying that category was the major culprit.
"Recovering commodity prices are a huge boost, so… are outsized infrastructure outlays," said Douglas Johnson, managing director of Miami-based Cranganore, told CNBC.
The government plans to trim growth in welfare outlays to 500 billion yen next year, 130 billion yen less than the welfare ministry seeks.
Spending on private construction projects dipped 21.8 percent in September, with outlays on residential construction rising 2300 percent after falling 1.2 percent in August.
The impact of the debt increase is offset by the heightened visibility of stable cash outlays related to pension plans over the medium term.
Although such efforts spike military outlays, the bulk of America's military spending goes for the large, permanent force structure necessary to support multiple alliances.
That's an acceleration from the pace in the previous four months, when consumer outlays are traditionally high as a result of year-end holidays.
But greater defense outlays—already at record levels—would expand Japan's chronic budget deficit and add to its already massive debt pile, he noted.
Projections for Social Security outlays are also slightly below last year's levels because of a reduction in the number of beneficiaries, the agency said.
Total spending-to-GDP will stabilise as lower non-wage current outlays will offset the rise in the payroll, interest costs and public investment.
The surviving U.S. miners, some of which are only now emerging from bankruptcy, are expected to be cautious in making any big financial outlays.
Construction spending outlays were revised higher for both August and September, which could affect the government's estimate for third-quarter gross domestic product growth.
Spending on private construction projects dipped 0.2 percent in September, with outlays on residential construction rising 0.5 percent after falling 1.2 percent in August.
WeWork has yet to clarify if this is an attempt to curb its "frat-boy culture" or just cut down on its booze outlays.
She doesn't dig deep into the true nature of the financial request, nor does she realize the outlays fuel financial irresponsibility by both parties.
The algorithm can clear expense reports with no issues almost instantly, so that these employee outlays can be reimbursed as quickly as two days.
Outlays on state and local construction projects, the largest of the public sector segment, tumbled 3.0 percent, while federal construction spending rose 7.5 percent.
Many blamed our budget woes on earmarks in appropriations bills when in reality they only rarely represented even 85033 percent of total budget outlays.
Outlays, debt limit, fiscal year, calendar year, Old Age and Survivors Insurance, the president's budget proposal, unemployment rate, and gross domestic product are examples.
Economists are looking for a 0.4 percentage point increase in both income and outlays, as spending rebounds from a soft start to the year.
By some estimates, the long-run "fiscal gap" between outlays and taxes, measuring both in net present value, is now more than $100 trillion.
Infrastructure spending, unlike many other forms of government outlays, holds the power to give the economy a sustained lift for decades down the line.
February's construction outlays were revised to show them surging 1.8 percent to a record $2.53 trillion instead of the previously reported 0.8 percent rise.
But no, we shouldn't have gone about trying to restore fiscal order by taking a meat ax to some of Washington's most important outlays.
One of the biggest government outlays cited in the lawsuit was $800 million that was transferred to Puerto Rico's pension system for public employees.
By shifting the tax benefit to the income statement, investors will have a much clearer picture of the actual tax outlays their companies make.
Insurance coverage shields some from the expense, allowing higher prices, but leaves those most at-risk most exposed to extreme out-of-pocket outlays.
This unprecedented late-cycle jump strongly suggests that the stimulus from this supply-side fiscal induction is having a positive effect on capital outlays.
Meanwhile, U.S. construction spending unexpectedly remained flat in May but federal government outlays on construction projects were the highest in more than four years.
Last I checked, it amounted to more than half of federal outlays, if you take Medicare to stand for mandatory health care spending generally.
The recommendations by the European Commission, the bloc's executive body, are not binding on member states and do not involve new outlays of money.
The combined annual outlays represent more than 10 percent of the country's gross domestic product and threaten to weigh on long-term economic growth.
They have spent billions more on lobbying outlays, some of which have employed former Congressmen and their families, in return for previous loyal support.
That amount is equivalent to the estimated amount of outlays, or payments, that the budget is expected to add to the deficit in 2018.
However, Fitch believes the city may not be able to scale back its capital outlays rapidly enough to align with its shrinking operating performance.
He would spend $500 million to support racial and economic school integration, partly through dedicated outlays for affordable housing in high-performing school districts.
The strength in demand was evident in consumer spending (3.8 percent) and equipment outlays (11.4 percent) or what is commonly referred to as capex.
And just weeks after passing tax cuts, large bipartisan majorities in Congress voted on spending bills that increased federal outlays by about 13 percent.
The revisions to the fourth-quarter GDP reading reflected markdowns to consumer and business spending, as well as government outlays and investment in homebuilding.
Outlays on public construction projects increased 1.8 percent in January to the highest level since August 2015, after rising by the same margin in December.
Prime Minister Shinzo Abe's government has yet to say whether it will ask lawmakers to approve additional outlays before deliberations begin on next year's budget.
A White House spokeswoman said his remarks came as he was urging leaders to increase their outlays on defense and were not a formal proposal.
INFLATION BELOW TARGET In March, spending on goods rebounded 1.7 percent, with outlays on long-lasting manufactured goods such as cars shooting up 2.3 percent.
However, he said Italy had obligated itself as a member of the EU to make its budget payments and also benefited from the bloc's outlays.
WASHINGTON (Reuters) - The U.S. government ran a $209 billion budget deficit in March as outlays grew and receipts fell, the Treasury Department said on Wednesday.
Total costs and expenses climbed 57 percent to $314.9 million during the quarter, when sales and marketing outlays expanded almost 61 percent to $78.5 million.
To bind the country closer together, the government is contemplating big outlays on infrastructure, including $217 billion to be spent on railways, roads and airports.
In 23, 10% of Medicare and Medicaid outlays, equal to $96bn, were spent on services that were not delivered, were unnecessary or were otherwise erroneous.
Construction spending in February was held back by a 2.1 percent drop in outlays on public construction projects, which almost reversed January's 2.3 percent rise.
Those outlays sometimes come at the expense of long-term financial goals, including a timely retirement or funding a child's college education, TD Ameritrade warned.
Stoltenberg, a former Norwegian prime minister, defended Berlin, saying he had assurances that Germany would raise its defense outlays by 80% between 2014 and 2024.
Official filings published by the Senate show that lobbying outlays rose by 3% from the first half of 2016 to the same period this year.
Social Security, major federal health programs and interest will account for 83% of the increase in government outlays between 2016 and 20153, the center said.
HARWOOD: Now, the president gave an interview yesterday and he said he suggested that he intended to propose a trillion dollars in outlays for infrastructure.
France is also stepping up its government outlays to accelerate the economic recovery and job creation in the run-up to May 2017 presidential elections.
Social Security, major federal health programs and interest will account for 83% of the increase in government outlays between 2016 and 2026, the center said.
In particular, regulatory relief and corporate tax reform, including a substantially lower corporate tax rate and full expensing of capital outlays, should boost business spending.
Washington could work to change this figure without new federal outlays by giving 2900 account holders more options over how to use their own savings.
The Clinton campaign's outlays reflect a traditional presidential playbook, spending five times more than Trump's has on television ads and nine times more on payrolls.
The fiscal gap, which puts all future obligations, official and unofficial, on the books is the present value difference between projected outlays and projected receipts.
H.R. 2620 implements numerous safeguards to ensure taxpayers' interests are protected, and to quickly reimburse taxpayers for the small initial outlays to start the project.
Factor in the projected increase in federal outlays for health care and other mandatory spending programs and the federal budget gradually spirals out of control.
While this provides for a reassuring backdrop, the risk is that elevated uncertainty — as seen in recent confidence surveys — restrains business activity and consumer outlays.
U.S. construction spending unexpectedly rose in September as a surge in public construction outlays offset the third straight monthly decline in investment in private projects.
First, REMS misuse should be stopped because it is detrimental to fair competition, and Congress should not wait for companion legislation that increases federal outlays.
The Commerce Department said construction spending increased 1.5 percent to $1.14 trillion, the highest level since October 2007, as both private and public outlays rose.
Tesla said it planned capital spending of $2.303 billion for the year, with just over $22.30 billion of those outlays coming in the fourth quarter.
In his first budget proposal in May, Mr. Trump called for significant cuts in domestic spending but roughly a 10 percent increase in military outlays.
For now, he has slashed marketing and sponsorship outlays by 235% to 753% to offset higher tariffs that have cut revenues by 275% to 210%.
Over the next decade, Germany is going to need even more — not fewer — immigrants to keep its economy on track and cover growing pension outlays.
Faced with hard times, governments using the euro have been forced to intensify the hurt on ordinary people by cutting pensions and other public outlays.
A White House spokeswoman said his remarks came as he was urging leaders to increase their outlays on defence and were not a formal proposal.
The Obama-Boehner deal increased total federal outlays by $85033 billion over its first three years, but provided no meaningful cuts until ten years out.
U.S. construction spending was unexpectedly flat in January as a surge in investment in public construction projects was offset by a decline in private outlays.
Outlays for the departments of Housing and Urban Development, Transportation, Energy and Education all decreased, while Health and Human Services and Veterans Affairs increased slightly.
Lobbying outlays in 2018 across the health sector are estimated at around $549 million and campaign funding in the 2018 election cycle at $255 million.
Government outlays increased for net interest on the public debt (+$22020 billion), social security (+$22020 billion), defence (+$22019 billion), Medicare (+$22020 billion) and Medicaid (+$20203 billion).
Stoltenberg, a former Norwegian prime minister, defended Berlin, saying he had assurances that Germany would raise its defense outlays by 80 percent between 2014 and 2024.
A Nikkei report on Tuesday said Japan is likely to inject 6 trillion yen in direct fiscal outlays into the economy over the next few years.
Large welfare spending for an aging society and huge military outlays are also one-off non-market expenditures with little, if any, consequences for growth dynamics.
Outlays were $341 billion, up 5 percent from the same month a year earlier while receipts totaled $349 billion, down 2 percent from one year ago.
Outlays on state and local government construction projects dropped 3.5 percent in April, also the biggest drop in nine months, after advancing 1.4 percent in March.
Post–bailout, Athens has committed to attain primary budget surpluses - excluding debt servicing outlays - of 3.5 percent of GDP until 2022, and 2.2 percent until 2060.
But it's important to consider how its potential outlays might intersect with investments that will need to be made anyway to replace aging U.S. energy infrastructure.
The Commerce Department said total construction spending fell 0.1 percent to $1.31 trillion in October, while economists polled by Reuters had forecast outlays rising 0.4 percent.
Government spending fell at a 1.7 percent rate as defense outlays declined at a 4.0 percent pace, the biggest drop since the fourth quarter of 2014.
But at senior high schools, families must pay tuition and other expenses; these outlays are among the highest in the world (measured by purchasing-power parity).
This fund could be self-sustaining by adjusting the specific percentage and expenses level to changes in Federal tax collections and actual-to-estimated reinsurance outlays.
According to a new report from the Congressional Budget Office (CBO), federal outlays are on a more unsustainable path than ever, which is, unfortunately, no surprise.
The toughest requirement states that a provision cannot produce changes in government outlays or revenues that are merely incidental to the nonbudgetary components of the provision.
They retorted that security is not just about spending targets, but all have since raised their defence outlays, though some remain short of the 2% objective.
According to the Congressional Budget Office's (CBO) latest projections, net interest outlays are expected to grow roughly 20 percent for each of the next three years.
But the comparison with 2018 was somewhat inflated, CBO said, due to differences in payments and outlays; without them the deficit would have been $486 billion.
It is possible that in the not too distant future philanthropic giving will outstrip federal outlays on non-defense discretionary programs, like education and the arts.
Little outlays — laundromat, bottled water, air-conditioners — had begun to add up, and Craig had been forced to take monthlong trucking routes on the East Coast.
What we needed, instead, was fiscal stimulus: increased government outlays and tax cuts for lower- and middle-income families, who would be likely to spend them.
The Trump campaign continued its pattern of patronizing the candidate's own businesses, totaling $2766 million in the final period, or 2756.67 percent of its overall outlays.
Davis links her mother's generosity with the bigger outlays of the established numbers operators, some of whom used their profits to fund Detroit's civil rights movement.
Though February's outlays were revised higher, construction spending for January was revised down to show a 0.3 percent drop instead of the previously reported 2.1 percent increase.
WASHINGTON, (Reuters) - U.S. construction spending was unexpectedly flat in January as a surge in investment in public construction projects was offset by a decline in private outlays.
ET (1345 GMT) * The Commerce Department's construction spending report is likely to show outlays rebounded 0.5 percent in March after dropping by the same percentage in February.
If approved by lawmakers, which is highly likely given the ruling Liberal Democratic Party's control of parliament, it will be the fifth straight annual increase in outlays.
Large social safety nets already provide some automatic support during downturns: deficits grow as tax revenues decline and payments for unemployment benefits and other emergency outlays increase.
Many firms would rather hold cash or securities than make big capital outlays (although counting R&D as investment, as Japan's new statistics do, improves the picture).
Globally, a similar story is playing out, defense spending in China has grown by 10 percent and Russia's outlays have ballooned by nearly 50 percent since 2011.
The government, citing a report by a professional body of surveyors, says land sales will recoup the full cost of initial outlays on reclamation and infrastructure-building.
His outlays for the race — known simply as "Kona" among triathletes — went far beyond a wet suit and a new pair of handlebars for his racing bike.
The Five Star Movement (M5S), which claims to transcend left-right divisions, promised a universal basic income of €780 ($920) per month, which would require huge outlays.
As one Italian put it in 1473, his artistic outlays were to "serve the glory of God, the honour of the city, and the commemoration of myself".
The principal initiative of what aides call an "America First" spending plan is boosting defense outlays by $54 billion while cutting the same amount from nondefense programs.
McConnell, a Republican, praised the pact, saying it "secures the resources we need to keep rebuilding our armed forces," while not specifically mentioning rising non-defense outlays.
The revenue boost from the 2014 tax reform is mostly offsetting this impact but is being used as intended primarily to fund higher health and education outlays.
The nonpartisan CBO said that spending outlays would also be higher in Obama's budget by about $400 billion over the 10-year period than under current laws.
Post–bailout, Athens has committed to attain demanding primary budget surpluses - excluding debt servicing outlays - of 3.5 percent of GDP until 2022, and 2.2 percent until 2060.
He estimated that the cost to bring back a city-wide program would cost $18 million in one-time capital outlays and $3.25 million per year thereafter.
WASHINGTON (Reuters) - U.S. construction spending unexpectedly rose in September as a surge in public construction outlays offset the third straight monthly decline in investment in private projects.
Spanish Defence Minister Margarita Robles this week then formally asked to participate as a fully fledged partner in the program, which will also require certain financial outlays.
U.S. construction spending rebounded more than expected in April as investment in private construction projects notched its biggest gain since 2012, offsetting a drop in public outlays.
Besides the decrease in inventory accumulation and business investment, weaker government outlays also held back growth, reinforcing a trend that has hobbled the recovery in recent years.
The company, which is based in Wolfsburg, said on July 20 that it had earmarked an additional €20173 billion, or $2.4 billion, mainly to cover such outlays.
Higher oil prices would also stimulate stronger investment in the shale oil sector, which in turn could offset some of the drag from reduced private-sector outlays.
Greece exited its third bailout last August and has committed to attaining demanding primary budget surpluses - excluding debt servicing outlays - of 3.5 percent of GDP until 2022.
Construction spending increased 1.5 percent to $1.14 trillion, the highest level since October 2007, as both private and public outlays rose, the Commerce Department said on Tuesday.
The latest review of these numbers by the Congressional Budget Office shows that the recent increase has been driven overwhelmingly by changes in outlays rather than revenue.
He shared with Trump a sheaf of charts relating to unfunded liabilities, the long-term debt problem and the growing share of mandatory spending in federal outlays.
In the traditionally seasonally soft first quarter, inflation-adjusted capital outlays as measured in the GDP accounts were up 9 percent from their level a year ago.
While it sure was cool-looking and slick, that was not enough to beat the massive costs and capital outlays that a tight-margin furniture business required.
These cuts were designed to be anathema to both parties—mostly because they would target defense spending, in addition to outlays for social spending and income supports.
But committing to big outlays before a drop in prices has long been the undoing of resources giants, and China's energy heavyweights have demonstrated poor timing before.
This can be done by limiting the assumed increase in federal spending to 2 percent each year — down from the 5.2 percent growth assumed in baseline outlays.
Bloomberg's candidacy has been built around vast advertising outlays — he is estimated to have spent around $350 million since beginning his White House bid in late November.
Appropriating additional funds up front would be more politically challenging, since this would have to be offset by reducing other outlays or borrowing by the U.S. government.
Dana is claiming it must exchange the instruments for new ones at lower profit rates, which could be positive for its earnings as coupon cash outlays fall.
CFO Robert Shanks said in a post-earnings call that the company's redesign could be funded without "impinging on our other capital outlays," including its regular dividend.
It was the slowest pace since the second quarter of 2013 and reflected downward revisions to healthcare spending by nonprofits and outlays on finance and insurance services.
The proposed budget, however, may be pared back by Ministry of Finance officials who must juggle growing outlays on health and social spending as the nation's population ages.
The finance ministry has come up against strong opposition from the defence ministry and security services when it has sought to cut outlays on defence in the past.
Tax revenues came in at 8.1 billion euros, 322 million euros above target, while outlays were almost a billion euros below target, finance ministry data showed on Friday.
In separate report on Monday, the Commerce Department said construction spending rose 0.5 percent as outlays for both private and public projects increased, ending two straight monthly declines.
And neither is it likely that non-residential capital outlays will stage an impressive rebound from a 0.5 percent decline in the first two quarters of this year.
Margins fell by nearly 22017 percent in the quarter, hit by higher commodity costs, investment outlays and cuts in prices in the grooming business that includes Gillette razorblades.
But some disgruntled donors say they are unhappy with Bush's large outlays, which also include big spending on staff and tens of millions of dollars in ad buys.
It features strong saving—through a 50-percent exclusion from tax of interest, dividends, and capital gains—and investment incentives of immediate expensing or deduction of capital outlays.
Warren has a proposal to do that more indirectly by requiring, as a condition of corporate charter, worker representation on corporate boards, which would not require government outlays.
James Xia, director at Unitech Mechatronics, which built the busboy robot Chilli Padi uses, sees export potential in his product but says development outlays mean commercialization is slow.
Without one, it is impossible to compare efforts to vanquish HIV, malaria or diarrhoea with other outlays, such as building railways, electrifying villages, conserving mangroves or educating preschoolers.
The 2017 GOP tax law was estimated to cost $1.9 trillion over a decade, while bipartisan deals to boost defense and domestic spending ramped up outlays each year.
Whereas President Obama signed the 2202 Budget Control Act to limit spending, today's Democrats are proposing huge new outlays on green energy, health care, and many other things.
Beyond initial capital outlays, APCDs will incur ongoing expenses to continue regular collection and storage of increasing volumes of data and support the data's collation, validation and distribution.
Still, the shutdown stopped federal discretionary spending that represents about 38 percent of non-debt related outlays and includes most day-to-day government operations, according to Moody's.
Further, the retirement program is generally considered less of a threat to fiscal solvency than Medicare since its outlays are not expanding as fast as the health programs.
The simple solution would be to just replace all the older manufacturing equipment but, given the high capital outlays required to do so, it's not a realistic option.
No, what they really hate are two kinds of spending: outlays that help Americans afford life's essentials, like food and health care, and paying wages to government employees.
None of that accounts for the extra outlays to upgrade infrastructure and services for the people who move in to take advantage of any jobs that are created.
And he said some of the outlays were justified by emergencies, including flood damage and investment in roads and other infrastructure after a deadly bridge collapse in Genoa.
Much of this deficit, however, was a direct result of a depressed economy, which held down revenues and increased outlays on unemployment benefits and other safety-net programs.
Total additional outlays would reach $97.5 trillion on top of the nearly $90 trillion the federal, state and local governments are projected to spend over the next decade.
The exact timing is unclear, the CBO said in a new report, as unpredictable swings in revenues and outlays may deplete funds more quickly or slowly than projected.
But that credit belongs to the Federal Reserve for its steady support of household spending, residential investments, business capital outlays and, yes, low costs of public sector funding.
They claimed the majority of the bank's activity goes to support small business, when in fact less than 20 percent of its outlays are distributed to "small businesses".
Bank lending to households is a bit stronger, but its modest and stabilizing growth rate of 2.6 percent is not suggesting a major rebound of private consumption outlays.
In the nineteenth century, the Homestead Act handed out free land to settlers, and the transcontinental railroad was built thanks to cheap land grants and huge government outlays.
But this type of bill generally only allows lawmakers to address ACA provisions related to federal outlays and revenues, rendering the AHCA a partial repeal and replace bill.
At current trends, discretionary spending this year is on course to hit a record low 6.9% of all outlays, or 98 billion reais, compared to 9.5% in 2018.
Companies hoping to obtain FDA approval for new drugs would submit confidential periodic filings outlining all of the drugs they are studying and the associated R&D outlays.
U.S. construction spending recorded its biggest decline in more than five years in April as outlays fell broadly, which could prompt economists to lower their second-quarter growth estimates.
The government boosted spending at the start of the year, with outlays rising 17.4 percent in Jan-Feb, compared to 13 percent growth over the same period in 2016.
Facebook, engulfed in scandals stemming from the abuse of its network, has promised to spend large sums policing its operations, even if those outlays hurt the company's bottom line.
In a separate report, the Commerce Department said construction spending increased 1.5 percent to $1.14 trillion, the highest level since October 2007, as both private and public outlays rose.
Alphabet has said its spending increases are justified, with huge outlays going to offices, data centers and artificial intelligence capabilities in line with the expected demand for its services.
The lower spending figure was mitigated by a forecast rise in real estate and government outlays in the first quarter to 2.4 percent from an earlier 1.0 percent increase.
Receipts last month totaled $208 billion, up 4 percent from one year ago, while outlays were $347 billion, a 3 percent increase from the same month a year earlier.
And at least those cities—and Cobb County, for that matter—will eventually get to play host to new teams as part of their massive outlays of public cash.
Receipts last month totaled $222 billion, a 5 percent increase from October 2015, while outlays stood at $266 billion, down 24 percent from the same month a year ago.
About 99 percent of the predicted mandatory program outlays were taken by four out of 12 titles, according to the CBO: conservation, crop insurance, farm commodity support and nutrition.
Last year's 2.9 percent increase in business capital outlays was more than halved, mainly because the spending on capital goods slowed to 3.1 percent from 5.9 percent in 2014.
Much of the extra spending has been directed towards the Department of Defense, where outlays jumped by almost 21.1 percent in the fiscal year to September 22022 (tmsnrt.rs/24.7BNmTQV).
Direct fiscal spending would be only around 7 trillion yen, just a quarter of the total package, the sources said, which could disappoint some market players expecting bigger outlays.
In a third report on Tuesday, the Commerce Department said construction spending slipped 0.4 percent in September as outlays on nonresidential structures recorded their biggest drop since December 2015.
Consumer outlays soared 22019 percent in the second quarter, and business investment, which was dormant for the past eight years, rose a hefty 9.4 percent in the first half.
The 2.83 poll will cost about $8.5 billion, almost double the outlays in the last general election, according to the Centre for Media Studies, a Delhi-based think tank.
That might not seem like much, but given the prevailing rate of just under 2 percent a year during that period, shrinking government outlays moved the needle sharply downward.
Greece has promised its euro zone lenders and the International Monetary Fund it will achieve a 3.5 percent of GDP primary budget surplus this year, excluding debt servicing outlays.
WASHINGTON (Reuters) - The U.S. government had a $215 billion budget shortfall in February as revenues into the government's coffers fell and outlays increased, the Treasury Department said on Monday.
Consumer spending in the last quarter was undercut by a decline in purchases of motor vehicles, clothing and footwear as well as a slowdown in food and beverages outlays.
Unadjusted outlays last month totaled $423 billion, up 5% from February 2019, while unadjusted receipts were $188 billion, a rise of 12% from the same month a year earlier.
That's consistent with a sustained drop in profit on the scale of the third quarter, but it doesn't allow for an extended slide in revenue or big legal outlays.
Receipts last month totaled $225 billion, up $19 billion from November 2018, while outlays were $434 billion, a rise of $23 billion from the same month a year earlier.
After all, it's one of the largest government programs in our country accounting for more than $500 billion in federal outlays and responsible for the health of America's seniors.
A lower statutory tax rate combined with a substantially reduced tax on repatriated capital as well as full expensing of capital outlays should produce big gains in investment spending.
When Congress is considering major legislation, it normally waits for the Congressional Budget Office to "score" the proposal — to estimate its effects on revenues, outlays and other key targets.
Beginning in the early 2000s, state leaders began to examine the massive outlays of public resources dedicated to incarceration, observing that despite these expenditures, recidivism rates remained stubbornly high.
As Roll Call previously reported, Senate Appropriations Chair Richard Shelby is considering reducing spending in Labor and Education appropriations in order to cover such possible outlays for the wall.
Receipts last month totaled $225 billion, up $19 billion from November 2018, while outlays were $434 billion, a rise of $23 billion from the same month a year earlier.
But though we could raise our ceiling and still keep our monthly outlays on housing to under the recommended 30 percent of our income, the idea made me nervous.
Next year's budget spending is projected to reach another record high of about $214.4 billion, with one-third of that needed to cover the projected health and welfare outlays.
It should reduce outlays and give Ambassador Khalilzad time to work out an arrangement with our allies, all without public timetables that enable our adversaries to wait us out.
Curiously, that was more than the party itself reported spending in the same period for its entire operation — the national political organization's expenses, salaries, printing outlays and other incidentals.
Post–bailout, Greece has committed to demanding primary budget surpluses - excluding debt servicing outlays - of 3.5 percent of the country's annual economic output until 2022, and 2.2 percent until 2060.
Receipts last month totaled $225 billion, a 6 percent increase from May 2015, while outlays stood at $277 billion, a 7 percent decline from the same month a year ago.
Unadjusted receipts last month totaled $211 billion, down 3 percent from March 2017, while unadjusted outlays grew to $420 billion, up 7 percent from the same month a year earlier.
Premiums would have been lower, which would have meant federal subsidy outlays would have been lower, which would have made it affordable for Congress to make the subsidies more generous.
PCE inflation on both measures has eased significantly over the last year, mirroring the slowdown in the economy since the middle of 2018 ( "Personal consumption and outlays", BEA, July 30).
A Nikkei report said Japan's government was likely to double the amount of direct fiscal outlays into the economy over the next few years to 6 trillion yen ($57 billion).
Sycamore appeared to buy at market prices, with many of its outlays between April 25 and May 9 coming below the $3.50 per share offer it was about to make.
WASHINGTON, (Reuters) - U.S. construction spending rose more quickly than expected in October as public construction outlays surged and investment in private projects increased for the first time in four months.
The merger would not require cash outlays from either party and the new entity will have a board comprised of equal numbers of directors from each entity, the insurers said.
Still, many will fall short of covering the outlays they cannot change, and paying for land and the cost of depreciating machinery will drag operations into the red, they warn.
The company said the 2017 budget represents a reduction of 42 percent from 2015 outlays and is expected to be at least 15 percent lower than projected 2016 capital investments.
Greece is aiming for a budget surplus before debt servicing outlays of 3.5 percent of GDP in 2018, a level it will have to maintain thereafter over the "medium term".
NASA's $19.3 billion budget — about 0.49 percent of federal outlays — has come in for a number of cuts and snips in recent years, especially the parts devoted to planetary science.
High Cash Outlays/Negative FCF in 2016 In 2014 the company announced a $3.5 billion restructuring program to be executed from 2014 through 2018 with $2.5 billion in cash costs.
A 28500 draft report from the HHS fund reported that over the course of 6900 years, refugees added $2628 billion more in federal tax revenue than they received in outlays.
"CBO estimates that rescinding the unobligated balances would reduce budget authority by $7 billion, but would not affect outlays, or the number of individuals with insurance coverage," the report found.
PCE inflation on both measures has eased significantly over the last year, mirroring the slowdown in the economy since the middle of 2018 ("Personal consumption and outlays", BEA, July 30).
Other high-profile outlays in the United States included the financing of movies like "The Wolf of Wall Street" and the financing of purchases of paintings by Picasso and Monet.
About 40 to 50 percent of the Pentagon's yearly outlays go to corporations, with large contractors like Lockheed Martin, Boeing, Northrop Grumman, Raytheon, and General Dynamics getting the lion's share.
With so much debt on their books, Chinese companies are less able to spend on new projects, even with generous government aid, because they face large outlays for interest costs.
Receipts last month came to $319 billion, a 9 percent decline from December 2015, while outlays stood at $347 billion, down 5 percent from the same month a year earlier.
Receipts last month totaled $357 billion, a 2 percent decline from September 2015, while outlays stood at $323 billion, an 18 percent rise from the same month a year ago.
Receipts last month totaled $156 billion, down 9 percent from February 2017, while outlays stood at $371 billion, an increase of 2 percent from the same month a year earlier.
"Of course they were almost dead broke—their bingo and cigarette outlays alone were crushing, and they'd bought a Cadillac and paid for it with a credit card," he gripes.
Receipts last month totaled $231 billion, a 10 percent increase from August 2015, while outlays stood at $338 billion, a 23 percent rise from the same month a year ago.
Settlement covers the bulk of T2S income, meaning the ECB is forced to consider raising fees to cover outlays that were paid for with public funds, an industry official said.
"For defense, we see accelerating revenue growth on easier comps and strong outlays growth (up 353 percent [in] Q235)," said UBS defense analyst David Strauss in a research note Wednesday.
Manufacturing has always relied on public funding in one form or another, and in particular on outlays for weaponry, even nearly three decades after the end of the Cold War.
The share of household outlays accounted for by Americans under 703 fell steadily from about 16% in 2007 to 12.8% in the fourth quarter, according to Moody's and government figures.
Let's review Trump's program: The plan advocates spending $200 billion over 10 years, mostly as competitive grants designed to encourage outlays by local authorities on transit, water systems and highways.
Almost all Americans, whose insurance costs and out-of-pocket outlays inevitably lead to lower income because of unaffordable health care costs, untreated chronic illnesses, premature mortality and personal bankruptcies.
The company's net cash outlays for acquisitions and share repurchases were roughly $30.5 billion during the period (excluding the subsequent $14 billion acquisition of Medivation), while FCF was $7 billion.
Daniel Obajtek wrote on Twitter that PKN Orlen had asked for compensation outlays related to the processing of the oil, the protection of installations and additional purchases of crude oil.
The restructuring, announced in July 2018, should include cash outlays of about $7 billion, and special charges against earnings totaling $11 billion over the course of three to five years.
For the first four months of the current fiscal year, the Congressional Budget Office estimates that interest outlays rose $13 billion, or 14 percent, because they predict higher interest rates.
A large and growing share of the federal budget replicates this Medicare system of autopilot financing, with 69 percent of total federal spending going toward funding mandatory programs and outlays.
WASHINGTON, June 3 (Reuters) - U.S. construction spending was unchanged in April on a sharp jump in public construction outlays, while spending on private residential projects fell for the fourth straight month.
The government has taken steps to trim some of this expenditure, but the average age is rising so rapidly that spending cuts have not stopped the overall increase in welfare outlays.
These kinds of minimal-risk outlays—budgets that are big enough to draw talent, yet small enough not to risk a write-down if things go awry—look better than ever.
The economy's robust fundamentals were also underscored by other data on Wednesday showing construction spending rising to a record high in November amid broad gains in both private and public outlays.
Government receipts increased by just $14 billion (less than 1 percent) while outlays rose by $127 billion (around 3 percent), worsening the deficit by $20193 billion compared with the previous year.
There was an improvement in the share of owners reporting an increase in inventories, but the share of owners planning capital outlays over the next three to six months was unchanged.
Based on current evidence of weak aggregate demand and a strong import penetration of U.S. markets, one cannot see much need, or incentive, for increasing capital outlays over the near term.
His office pointed in part to studies that it says show U.S. overall health spending would drop under a Medicare for All plan — though government health-care outlays would spike dramatically.
White House officials have previously spoken about possible 5-to-1 leverage when it comes to infrastructure spending, or $200 billion in federal outlays as part of a $1 trillion program.
The primary balance is forecast to turn negative again in 2017, in line with higher budgeted outlays on education, public health, and security and on the assumption of improved budget execution.
The company is growing its sales and shrinking its losses, though it still lost $6673 million last year amid "significant investments in research and development" and outlays for sales and marketing.
Businesses have ratcheted up the growth in their investment outlays since early last year, but the pace of advance has only inched somewhat higher in the first half of 2900 vs.
For example, the NFIB Small Business Optimism Index has risen to levels not seen since 21625-2900, with many small business owners saying they plan to increase employment and capital outlays.
Unadjusted receipts last month totaled $316 billion, down 7 percent from June 2017, while unadjusted outlays were $391 billion, a fall of 9 percent from the same month a year earlier.
The decision sucked 86 percent of cash out of circulation, forcing millions of people to cut outlays and clog banks in search of money, and leaving businesses struggling to pay wages.
Expanding 2628 plans to include private and homeschooling expenses — they currently exempt account earnings from federal taxation only if used for higher education outlays — would not meaningfully simplify the tax code.
Unadjusted receipts last month totaled $510 billion, up 12 percent from April 2017, while unadjusted outlays were $296 billion, a rise of 8 percent from the same month a year earlier.
Trump had promised during the election that a super-strong Trump economy growing at 4 percent would fix the long-term problems for big government outlays like Social Security and Medicare.
Unadjusted receipts last month totaled $225 billion, down 3 percent from July last year, while unadjusted outlays were $302 billion, a jump of 10 percent from the same month in 2017.
The final package was hoped to deliver an additional $110 billion in private-sector and other spending on top of government outlays, Reuters reported in December, but that now looks optimistic.
It kept its outlook for free cash flow of 250 million euros this year, down from 459 million euros in 2016, as a result of increased investment and income tax outlays.
Unadjusted receipts last month totaled $217 billion, down 10 percent from May 2017, while unadjusted outlays were $364 billion, a rise of 11 percent from the same month a year earlier.
American health care outlays per capita in 2015 were more than twice the average of those in the 35 advanced countries that make up the Organization for Economic Cooperation and Development.
That didn't include other outlays, such as a 12-month class subscription at $39 per month, the $250 delivery fee or mandatory gear such as shoes, as well as optional equipment.
Outlays on defense have increased by almost 15% in less than a decade, spurred on by neighboring China modernizing its military and and missiles that could deliver them anywhere in Japan.
Inevitably, setting up a production line for such weapons and the requisite supporting infrastructure entails serious outlays at a time when budgets are strained and developing a weapons would take time.
Between now and then, the measure keeps government funding at existing levels of spending, with some additional outlays that bolster support for farmers who have been affected by the trade war.
Her main task at Cincinnati was coming up with ways to close the law school's revenue gap — a product of lower tuition income that failed to match the school's customary outlays.
U.S. construction spending unexpectedly fell in January as the biggest drop in public outlays since 256 offset gains in investment in private projects, pointing to moderate economic growth in the first quarter.
Some of those are already at work to fine-tune structural adjustments and to move the changing composition of aggregate demand toward household consumption, business capital outlays and more selective infrastructure investments.
Through the Belt and Road initiative and fledgling institutions like the Asian Infrastructure Investment Bank, China has provided massive outlays to other nations primarily around infrastructure, building partnerships and deepening economic ties.
Now, it says it aims to use partnerships to cut by as much as half the outlays for expanded electric and hybrid vehicle components production in the United States, China, and Japan.
Instead, the foundation relies on partners known for delivering results quickly with slim overhead — a combination he says is hard to find among the "beltway bandits" profiting from US foreign aid outlays.
Now, it says it aims to use partnerships to cut by as much as half the outlays for expanded electric and hybrid vehicle components production in the United States, China and Japan.
Sources told Reuters on Thursday, however, that the government was planning direct fiscal spending of only 7 trillion yen, which could disappoint some market players expecting bigger outlays given the headline figure.
The annual review of the global luxury market shows lifestyle outlays on items such as hotel stays, cruises and edible experiences holding up more strongly than the spend allocated towards pricey goods.
At the same time, government spending has continued rising at a rate close to its long-term average, with federal outlays increasing by more than 22019 percent last year compared with 24.2.
A revival of these two segments of the economy would spur business capital outlays, where spending on new equipment literally collapsed in the twelve months to the first quarter of this year.
We should aim to save at least $0003 trillion in total annual outlays, roughly $3,000 per person per year, through a series of feasible, fair and reasonable measures to limit monopoly power.
Among the firm's pricey outlays: buying tickets to the Golden Globes, co-sponsoring actor Chace Crawford's 30th birthday party in West Hollywood, and spending unsparingly to executive produce a video for Coldplay.
At the same time, state fuel taxes and other such fees do not cover the costs of highway spending, and federal fuel taxes and earmarked outlays do not make up the difference.
WASHINGTON (Reuters) - U.S. construction spending was unchanged at a record high in September as continued gains in private construction projects was offset by the biggest drop in public outlays in a year.
Broadcasters are battling changing viewing habits and cuts in marketing outlays by major consumer brands with overall growth in TV advertising spending in Europe's largest economy at its slowest pace since 2011.
A system of block grants where federal outlays would not grow at all would allow Congress to give states greater federal funds in the initial years than they would get under ObamaCare.
BRUSSELS (Reuters) - NATO's European allies spent more on defense for the third year running in 22016 but their outlays failed to lift more countries above a target sought by the United States.
Of course, such commitments would require further financial outlays and real political will, factors which are often lacking in refugee protection but usually not a problem when it involves enforcement and deterrence.
When women had average out-of-pocket costs of more than $10, they were significantly less likely to stick with hormone therapy than patients with the lowest monthly outlays, the study found.
Popular tax-reducing tactics — such as keeping cash earned overseas where tax rates are lower than in the United States — bring companies' actual cash outlays for taxes far below their effective rates.
WASHINGTON (Reuters) - The U.S. government posted a $28 billion budget deficit in December, with both receipts and outlays falling from the same month a year earlier, the Treasury Department said on Thursday.
Spending on private construction projects slipped 0.2 percent in October as outlays on private nonresidential structures - which includes factories, hospitals and roads - tumbled 2.1 percent after falling 0.8 percent the prior month.
Per-enrollee outlays rose at an average annual rate of 5.5 percent, somewhat slower than the 6.3 percent average annual growth rate in private insurance spending per enrollee between 1989 and 2014.
In a third report on Friday, the Commerce Department said consumer spending rose 0.4 percent in November, boosted by outlays on motor vehicles, utilities and recreation, after surging 0.8 percent in October.
It found that college graduates whose parents offered money, whether in the form of paid bills or cash outlays, did especially well professionally, while those who lived at home did especially poorly.
But even how Bezos is handling his homes — traditionally the most public-facing and single biggest outlays of cash for billionaires across the world — is a sign of this moment for him.
Most of the commentary has focused on the cumulative spending changes over the next decade; look instead at the proposed outlays for 23.6 to understand the full extent of the proposed shifts.
Here's a visualization of the tsunami of ad dollars Bloomberg has unleashed since his late entry, courtesy of FiveThirtyEight: Bloomberg's unmatched outlays are core to his plan for capturing the Democratic nomination.
And if you use money from a flexible savings account or health savings account (both of which already are tax-advantaged) to pay for expenses, those outlays cannot count toward the deduction.
The American program, which at this point is using cash outlays — some from tax funds — primarily to set standards for its other programs to meet, has attracted support from Silicon Valley. Google.
If we can't yet deal with toilets, where the answers are simple — unisex toilet compartments with locks on doors — how can we deal with large public financial outlays for sex-change surgery?
Republican Senator Lamar Alexander, chairman of the health committee, said Tuesday the president should pay the subsidies through September while lawmakers work on bipartisan legislation to fund the outlays for another year.
A later upgrade, once the U.S. military has deployed Spy-6 on its ships around 2022, could prove a costly proposition for Japan as outlays on new equipment squeeze its military budget.
The Bank of Greece projects that the 3.5% of GDP primary surplus target that excludes debt servicing outlays is likely to be missed this year and reach just 2.9% of economic output.
Last week, the U.S. Congress passed and President Donald Trump signed into law a temporary spending deal expected to push budget deficits past $1 trillion annually with new military and domestic outlays.
The region's financial flexibility is also limited, as the scope for capex reduction is almost exhausted, with capital outlays decreasing to below 10% of total spending in 2014-2015 (0003-2013: average 15%).
Department expenditure as a proportion of all government spending has declined since the 2596s and 2280s and been basically flat at around 22015 percent of all outlays for the last decade (tmsnrt.rs/25hzZMNX).
The executive also said Toyota aims to use partnerships to cut by as much as half the outlays for expanded electric and hybrid vehicle components production in the United States, China and Japan.
In Japan, the Nikkei business daily reported Prime Minister Shinzo Abe's government was looking to inject 6 trillion yen ($56.7 billion) in direct fiscal outlays into the economy over the next few years.
That, together with an outright decline in inventory investment, a continued downturn in business spending and weak government outlays, held gross domestic product to a 1.2 percent annualized growth rate during the quarter.
Other data on Friday showed U.S. construction spending rising more quickly than expected in October as public construction outlays surged and investment in private projects increased for the first time in four months.
In 2013, electricity production and federal utilities that rely on coal received $1.08 billion in direct cash outlays through federal programs, tax benefits, research and development funding, loans and guarantees, the EIA found.
By 22019, when the state's matching share rises to 29 percent, the expansion will still save a projected $2000 million because of the cut in state government outlays for those and other programs.
The Treasury said federal spending in December was $326 billion, down 7 percent from the same month in 2017, although outlays were slightly higher than a year earlier when accounting for calendar effects.
Keeping track of the hotels, food, gas, and miscellaneous outlays each day helped us figure out the best ways to plan ahead financially for the future and see where we could cut back.
"There is a fundamental need for greater investment in R&D with respect to hydrogen and fuel cell technologies, yet Japan's government is cutting R&D," said Behling, pointing to decreasing government outlays.
Sanders' third solution is worker empowerment through actions on several fronts: company governance, union rights, increased budget outlays for working families, and international agreements that don't give away the store to footloose capital.
During the Cold War, Germany spent about 202014 percent of its economic output on the military but outlays fell to a low of just 1.1 percent after the Berlin Wall fell in 1989.
That, together with an outright decline in inventory investment, a continued downturn in business spending and weak government outlays, held gross domestic product to a 00015 percent annualized growth rate during the quarter.
Early in the ObamaCare fight, one literature review found private insurance administrative costs estimated at 22019-14 percent of premiums, while direct Medicare administrative outlays were estimated at 3 percent of total costs.
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, gained 0.3% as an increase in services and outlays on other goods offset a decline in purchases of motor vehicles.
The U.S. Treasury Department posted a banner month in April, with a financial surplus of $214.3 billion, the largest April surplus on record, according to the department's monthly statement on receipts and outlays.
Festering bad loans have made banks wary of fresh lending, forcing cash-strapped firms to keep a lid on capital outlays and, in any case, many factories are still running well below capacity.
The major risk for the Fed would be a de-anchoring of inflation expectations whereby lower inflation leads consumers and businesses to reduces outlays, thereby further constraining inflation and pushing inflation expectations lower.
The BEA recently issued its revised GDP report for the first quarter of 2023 and its report on personal income and outlays in April, while the BLS released the employment report for May.
On Friday, the Bureau of Fiscal Services said in its Treasury Monthly Statement that federal outlays in October totaled $347.58 billion, compared with $274.39 billion in September and $334.43 billion a year earlier.
It's a racket in full view, one that has been going on for decades, but such are the returns to the astounding lobbying outlays (almost $594 million in 2019) of the health sector.
As do Block and TaxAct, TurboTax asks lots of questions about the likely outlays of a wayfarer in the gig economy — insurance, equipment, supplies, business use of a car and a home office.
If the program were structured so that outlays were limited by incoming revenue, then job losses would lead to cutbacks in seniors' spending, which would lead to more job losses and more cutbacks.
And while Congress and regulators have eliminated out-of-pocket outlays for testing — and taken other steps to improve access to care — treating the virus will likely emerge as the bigger cost concern.
Shell said it planned to spend $1 billion to $2 billion a year on what it called new energy investments, a small amount compared with $25 billion or more in overall capital outlays.
Since the amendment imposes no scheme of payment priorities, the president would have sole discretion over which funds to withhold in order to ensure that there is no excess of outlays over receipts.
Sources told Reuters on Thursday that the government package contains direct fiscal spending of only 7 trillion yen, which is likely to disappoint investors hoping for bigger outlays given the large headline figure.
Put another way, Trump's vision of a government in balance would mean two-thirds of all outlays in 2027 would be consumed by just four areas: defense, interest payments, Medicare and Social Security.
Annual spending for club travel-team tuition, personal trainers, top-of-the-line equipment, showcase tournaments and outlays for gas, airfares, hotels and food on the road runs into the thousands of dollars.
A third report from the Commerce Department showed construction spending barely rose in July as increases in homebuilding and investment in public projects were overshadowed by a sharp drop in private nonresidential outlays.
The rise was due to bulging welfare costs to support the aging population, spending to service debt, and rising military outlays in response to China's growing military presence and North Korea's missile program.
WASHINGTON, (Reuters) - U.S. construction spending unexpectedly fell in January as the biggest drop in public outlays since 2002 offset gains in investment in private projects, pointing to moderate economic growth in the first quarter.
U.S. construction spending unexpectedly fell in September as outlays on private nonresidential structures recorded their biggest decline in nine months, which could see a mild downward revision to the third-quarter economic growth estimate.
Reitz said Nodal had reached 45% U.S. market open interest, a liquidity measure, and was aiming to cross the 50% hurdle maybe this year, as its clearing function helped customers reduce security margin outlays.
States would also see their outlays go down since they would no longer pay for medical care for those on Medicaid or the Children's Health Insurance Program (CHIP) or for uncompensated care at hospitals.
America's investment outlays over that period fell at an annual rate of 2.1 percent, marking a substantial decline from an already lackluster 3.2 percent pace of advance in the second half of last year.
Petrobras, one of the world's most indebted oil companies, has slashed outlays and focused its shrunken capital expenditure budget on developing stakes in the world class pre-salt play in Latin America's top producer.
A third report from the Commerce Department showed construction spending increased 0.3 percent to $1.22 trillion as a jump in public construction outlays offset the third straight monthly decline in investment in private projects.
The Commerce Department reported that construction spending was unchanged at a record high in September as continued gains in private construction projects was offset by the biggest drop in public outlays in a year.
"The percent of owners planning capital outlays in the next three to six months rose 1 point to 26 percent, not a strong reading historically but among the best in this expansion," Dunkelberg said.
They claimed at the time, wrongly in my view, that hundreds of billions of dollars of hastily-designed transfer payments and other public outlays were necessary to save the country from a great depression.
On the fiscal front, Athens aims for an ambitious primary budget surplus of 3.57 percent of gross domestic product (GDP), excluding debt servicing outlays, slightly above what it has agreed with its official creditors.
That amount - at just a quarter of the total package - could disappoint some market players bracing for bigger outlays given the massive headline figure, equal to more than 5 percent of gross domestic product.
The proposed defense budget still has to face scrutiny by Ministry of Finance officials who may seek to curtail any rise in military outlays to secure funds for Japan's burgeoning health and welfare spending.
With banks increasingly taking action against corporations that default on loans, a senior government official said companies are likely to keep a lid on capital outlays unless they see visible returns on new investments.
Athens has agreed to adhere to a post-bailout fiscal trajectory that targets primary budget surpluses - excluding debt servicing outlays - of 3.5 percent of GDP until 2022 and of at least 2.0 percent thereafter.
Housing demand is undermined by declining demography and family formation, and private sector capital outlays cannot grow if exports continue to fall, as was the case in the first two quarters of this year.
But its shares slid after the company cited "driver pay and retention costs" and "driver recruiting costs" as some of the outlays that nibbled away at the benefits of higher prices and booming volumes.
Instead, over the next year a gradual moderation of real disposable income growth, in line with a cooling labor market and easing wage growth, should lead to a progressive slowdown in consumer outlays growth.
One White House official suggested the federal government's total contribution would need to increase in order to secure support from Democrats, who have proposed a $1 trillion program paid for entirely by federal outlays.
According to a report by Reuters, the expense of major epidemics is evident every time a health agency totes up the cost of treating infected people - the outlays for drugs, doctors' visits, and hospitalizations.
This deficit effect resulted from provisions in the act that would reduce outlays and increase revenues in years eight to 10, if lawmakers do not repeal or modify the legislation before it becomes effective.
Would American businesses be simple observers of multi-billion transactions, while the Koreans and the Japanese pocket the money and America continues to bleed on trade and military outlays to provide their defense umbrella?
Underlining the lack of confidence Americans have in the economy is the fact that personal outlays grew at a slower rate in the first quarter, while at the same time personal saving climbed higher.
"The first question would be what is the score in terms of receipts to the government and the outlays," says Alan Frumin, who served as Senate parliamentarian for 20 years before retiring in 2012.
Whether that theory would work is unproven, but it's an appealing option to politicians who just want immigrants to go away without the bad budget outlays and bad optics of deporting all of them.
Federal outlays as a proportion of national GDP have fluctuated over the past 40 years, but overall they reveal a gradually increasing trend; shutdowns don't bend the spending curve downward in a meaningful way.
Yet its shares fell by 6.9 percent on concerns that it would give up its profitable business as a 'virtual' mobile network operator and incur heavy outlays to secure a license and build network infrastructure.
CNN reviewed data from 60 years' worth of defense outlays -- how much the government actually spent annually -- between fiscal years 1954 and 2015, The figures were detailed in a Defense Department report published last year.
The region's expenditure flexibility is limited, as the scope for capex reduction is almost exhausted, with the share of capital outlays decreasing to about 10% of total spending in 2014-2016 (2011-2013: average 15%).
LONDON (Reuters) - Higher government spending ate into Britain's seasonal budget surplus in July, underlining the budget constraints facing Prime Minister Boris Johnson, who has promised to boost outlays as he prepares the country for Brexit.
We found it impossible to track many of those outlays, despite years of research, because collection and enforcement involves multiple agencies and levels of government, and no one in government is tracking the overall costs.
WASHINGTON, Aug 1 (Reuters) - U.S. construction spending fell for a third straight month in June as outlays dropped across the board, suggesting a downward revision to the second-quarter economic growth estimate published last week.
Spending fell in September due to a 1.8 percent annual decline in outlays on food and a 3.0 percent annual decline in spending on leisure activities such as travel and golf, Tuesday's government data showed.
Vale, the world's largest iron ore producer, has been recovering since a slump in iron ore prices and hefty outlays for the ramp-up of its S11D mine crimped its financial performance in recent years.
Japan's defense outlays for the year starting April 23 will rise for a sixth straight year, increasing by 33 percent to 23 trillion yen ($21.6 billion), according to a budget breakdown published by the government.
Should spending on equipment drop in the second quarter U.S. GDP data due on Friday, that would be the first time since the 2007-2009 recession that outlays would have contracted for three straight quarters.
Some economists questioned whether Trump's ideas for reducing spending would be enough to make up for major tax cuts, particularly since many Republicans believe Medicare and Social Security must be revamped to control government outlays.
Commerce Department data showed U.S. construction spending, however, fell 1.8 percent in April, the most in more than five years, as outlays fell broadly, which could prompt economists to lower their second-quarter growth estimates.
As the latest deal and years of experience show, there are dire consequences when politicians opt to take everything in their favorite department off the table and trade their spending for the other side's outlays.
Reduced employment and income would strain consumer outlays and housing activity while labor shortages in some industries (agriculture, construction or leisure and hospitality in particular) would create supply-chain bottlenecks leading to increased price pressures.
Monroy identified two planned exploration and production outlays as "potential headaches" due to their complexity and cost: Chicontepec, a tight oil onshore project, and Lakach, a mostly natural gas deepwater scheme budgeted for $673 million.
"The primary source of the acceleration in growth this quarter is the consumer, which looks to be expanding real outlays at a 23% rate in Q24 following an anemic 21% pace last quarter," Feroli added.
The proposed defense budget will face scrutiny by Ministry of Finance officials who may seek to rein in military outlays as they juggle demands for higher spending on health and welfare for Japan's ageing population.
Greek Finance Minister Christos Staikouras said finance ministers agreed that declining revenues and outlays to cushion the blow from the shrinking of economic activity would be taken into consideration when it comes to fiscal targets.
Over all, the budget office estimates that the Republican plan — which would cap federal matches of state funds — would reduce Medicaid outlays by $883 billion over a decade and result in 14 million fewer enrollees.
WASHINGTON, Oct 22.2 (Reuters) - U.S. construction spending barely rose in August as the largest increase in private residential investment in nine months was offset by a second straight monthly decline in outlays on nonresidential projects.
Japan's defence outlays for the year starting April 23 will rise for a sixth straight year, increasing by 22.4 percent to 23 trillion yen ($33 billion), according to a budget breakdown published by the government.
Taken literally, Goodlatte's requirement that "total outlays … not exceed total receipts" places no constraint on Congress' power to appropriate, but rather prohibits the Treasury from releasing funds in excess of the "receipts" that it collects.
WASHINGTON (Reuters) - The U.S. Treasury said on Monday it expected to pay down $47 billion less in net marketable debt in the April-June period than previously forecast due primarily to lower receipts and higher outlays.
U.S. construction spending increased in October to a seven-month high amid gains in home building and public outlays, and estimates for the prior two months were revised sharply higher, pointing to strength in the sector.
Mexico wants to persuade the Trump administration that U.S. funding provided under a joint security scheme known as the Merida Initiative would be better spent on developing the Mexican southern border region than on military outlays.
"In particular, infrastructure spending has now begun to cool as the front-loading of fiscal spending this year means that local governments are now having to pair back their outlays," Capital Economics said in a note.
Minority firms actually have to spend 2202 percent more in cash outlays and working hours than non-minority small businesses to obtain the same federal contracting results, according to a study based on data from 2628.
The administration is sending proposed legislation to Congress to make changes to some of the mandatory USDA programs, which include outlays for food stamps or SNAP benefits as well as crop insurance and some conservation programs.
Housing, food, health-care and transportation costs all consume a larger share of family budgets now than they did in 1996, while outlays on pets and entertainment as a percentage of overall expenditures have barely changed.
WASHINGTON, (Reuters) - - U.S. construction spending unexpectedly fell in September as outlays on private nonresidential structures recorded their biggest decline in nine months, which could see a mild downward revision to the third-quarter economic growth estimate.
For example, the Trump administration had proposed similarly large cuts in EPA's budget last year, yet in fiscal2018 its estimated outlays have declined only slightly and it has more employees on the payroll than in 2017.
China's infrastructure investment is almost double the size of the infrastructure spending in the U.S., and India's infrastructure investments are growing at a rate that triples the infrastructure outlays of the U.S., Canada and Mexico combined.
FRANKFURT (Reuters) - Spending on digital marketing grew by 44 percent last year in the United States and Britain to $52 billion, a study has found, estimating that global outlays on such tactics are approaching $100 billion.
The CBO said reductions in deficits and debt would be achieved by the Trump administration's significant cuts to mandatory and discretionary spending, largely driven a major drop in health-care outlays and cuts to military operations.
The result is a country whose philosophy has changed from unbridled optimism to defeated penny-pinching — unless, of course, the vast public outlays are directed to big businesses and billion-dollar sports stadiums owned by billionaires.
Trump, in his first 100 days in office, would end budget sequestration that mandates spending, including cuts in military outlays, and submit a budget that would fund construction of dozens of new warships, the adviser said.
Including Medicaid and military and federal civilian retirement benefits, federal spending on older adults will rise from 37 percent of outlays in 2017 to 45 percent in 2027 if nothing is done to change the programs.
The spending, reported in a disclosure filed with the Federal Election Commission, showed outlays at historic levels for the early stages of the nomination contest to take on Republican President Donald Trump in the November election.
The spending, reported in a disclosure filed with the Federal Election Commission, showed outlays at historic levels for the early stages of the nomination contest to take on Republican President Donald Trump in the November election.
Beginning in the 1970s, federal law mandated that every state must enact a certificate of need provision, the theory being that such restrictions on infrastructure outlays would keep consumer costs under control by precluding needless duplication.
Real consumer expenditures were also up 2.5% in June-August compared with the same period in 2018, down from 3.5% growth a year earlier but well above recession levels (Personal income and outlays, BEA, Sept. 27).
Trump is demanding that a deal include $25 billion for his border wall, but the GOP plan would instead establish a $25 billion trust fund for border security and cap outlays at $5 billion a year.
If this view sounds alarmist, consider the following: Federal spending is overwhelming revenues Over the next decade, outlays for government programs (excluding interest payments) will exceed tax revenues by nearly $2023 trillion, according to CBO's figures.
Outlays on defense have increased by almost 15% in less than a decade, spurred on by neighboring China modernizing its military and North Korea developing nuclear weapons and missiles that could deliver them anywhere in Japan.
Outlays on defence have increased by almost 15% in less than a decade, spurred on by neighbouring China modernising its military and North Korea developing nuclear weapons and missiles that could deliver them anywhere in Japan.
An accelerating increase of American domestic demand (private and government spending plus all segments of investment outlays) will trigger rising imports of foreign goods and services, a widening trade deficit and a drag on GDP growth.
Commerce Department data showed U.S. construction spending, however, recorded its biggest decline in more than five years of 1.8 percent in April as outlays fell broadly, which could prompt economists to lower their second-quarter growth estimates.
The budget deficit would have been even worse at $823 billion if certain outlays had not been brought forward and recorded in the previous financial year because the first day of Fiscal 2018 fell on a weekend.
A recent survey by the Pew Charitable Trusts points out that, on average, states' outlays on schools were still 1.7% lower last year (in inflation-adjusted terms, per person) than when the Great Recession began in 2008.
Meanwhile, construction spending fell for the first time in nearly 20.4-27.2/2 years in November as a drop in nonresidential investment offset an increase in housing outlays, pointing to moderate economic growth in the fourth quarter.
Falling oil prices have pinched an economy that depends on oil and gas for nearly 95% of exports; it may also force Azerbaijan to cut defence outlays by 40% this year, according to IHS Jane's, a consultancy.
Additional outlays for a rural-jobs scheme for the poor may be welcome, yet before he came to power nearly two years ago, the prime minister, Narendra Modi, condemned the same programme as a monument to failure.
Setting income tax brackets to a chained CPI for income tax brackets could result in ensuring that the government is not over-accounting for inflation in other areas as well, having the effect of reducing outlays somewhat.
The government plans to trim the growth in such outlays to 500 billion yen next fiscal year, down by 140 billion yen from the amount requested by the welfare ministry, according to people involved in the process.
What is more, in the absence of new legislation, the economy could face a mini-fiscal cliff in 2020 as government outlays will fall back below the spending caps introduced by the Budget Control Act of 85033.
Italy, France and German have come forward with proposals to bring together the EU's disparate military assets, spend more, develop technology and rely less on the United States, which pays the lion's share of NATO's military outlays.
Another report on Monday showed construction spending rose to an 22007-21.9/2-year high in March and the prior month's outlays were revised higher, implying a small upward revision to the first quarter's pedestrian growth rate.
Even the outlays from investing a smaller portion of summer earnings were significant at the end of a few years; if a student invested $1,300 in Netflix stock in 2014, after three years they would have $4,527.
Pressure from a succession of American presidents and concern over Russia's ambitions after its assault on Ukraine in 2014 led several European governments to slowly hike military outlays, a trend for which the president has taken credit.
Obviously, extended stays mean more outlays of taxpayer money at the Turnberry, and servicepeople stuck in the area reportedly used the extra time to take advantage of the resort's golf course and to shop at its store.
ATHENS, March 11 (Reuters) - Greece's central government registered a primary budget surplus of 3.04 billion euros in the first two months of the year, beating its target by 1.97 billion euros, helped by lower outlays and higher revenues.
Less talked about than WeWork's vast outlays to purchase prime real estate — such as the acquisition of Lord & Taylor's flagship store in New York for $850 million — Powered By We is akin to 'office-space-as-a-service.
CARACAS, April 6 (Reuters) - Venezuela's state oil company, PDVSA, said on Thursday it had "started bank transfers" to make its first April bond payments, outlays that will further squeeze the already cash-strapped business amid a deep recession.
WASHINGTON, Nov 1 (Reuters) - U.S. construction spending unexpectedly fell in September as outlays on private nonresidential structures recorded their biggest decline in nine months, which could see a mild downward revision to the third-quarter economic growth estimate.
China is hoping that big outlays in the environmental sector will not only reverse some of the damage done by more than three decades of breakneck economic growth, but will also help diversify the country's heavy industrial economy.
Paraguay is the exception in the region, with its lower deficit and small welfare state, but it faces the challenge of containing salary pressures so that social and investment outlays do not bear the brunt of fiscal prudence.
The sector's lofty valuations have led to some profit taking over the past month, however, investors expect long-term growth in drugstore stocks, helped by lower outlays than their larger supermarket rivals and higher margins from pharmaceutical offerings.
ZURICH, May 4 (Reuters) - Swiss Re, the world's second-largest reinsurer, said on Thursday first-quarter net profit fell nearly 47 percent after outlays on claims from Australia's Cyclone Debbie stripped $350 million from the reinsurer's bottom line.
OpenSecrets, a non-profit research organization, has conducted an audit of the  National Rifle Association and found that the powerful lobbying group might be facing a budgetary squeeze as higher outlays are coming in conflict with shrinking revenue.
Discretionary spending is projected to continue shrinking to its lowest level since 1962 relative to the size of the economy, while an aging population and rising healthcare costs continue to push outlays for mandatory programs through the roof.
According to a projection by the International Institute for Strategic Studies, Beijing's military expenditure could overtake America's by the mid-20163s; but the composition and use of those military outlays matter at least as much as the level.
Mr. Xu, the retired general, said that the lower defense outlays for this year also probably reflected a temporary slowdown in the tempo of equipment modernization and that the pace would pick up again in the coming years.
The two main changes on the corporate side of the economy were: one, the reduction in the statutory rate from 35 percent to 21 percent; and two, the full expensing of capital outlays for the next five years.
According to terms of the new deal disclosed by three people directly involved in it, the Mets' full-season outlays to Cespedes, including last season, come to $137.5 million for five years — premium value for a premium talent.
FOREIGN OUTLAYS - The Trump administration's budget proposal would convert some of the United States' foreign military grants to loans, part of a larger effort to slash spending on diplomacy, aid and programs abroad by more than 29 percent.
Prior to the recent tax and budget deal bills, Kids' Share estimated spending on children would fall to 85033 percent of total outlays by 2027, but the share will likely be even lower after accounting for recent legislation.
Reducing corporate tax rates to make them competitive with the rest of the world, while simultaneously allowing firms to fully expense their capital outlays in the year of purchase, would dramatically increase the after-tax return on capital.
Bloomberg has spent more than $453 million from his own deep pockets on his 2020 bid so far — more than lapping the outlays from Tom Steyer, another self-funding billionaire and the next biggest spender in the race.
Spending: The party would increase day-to-day spending on public services by £272 billion ($323 billion) above current plans by fiscal year 232 and boost outlays for longer-term projects by £210 billion ($10 billion), per IFS.
As Roll Call previously reported, Senate Appropriations Chair Richard Shelby is considering reducing spending in the Labor and Education Departments' appropriations in order to cover such possible outlays for the wall — potentially teeing up another intractable stand-off.
The data joined moderate consumer spending as well as weak home sales and construction outlays in April in suggesting that economic growth was slowing sharply after a temporary boost from trade inventories and defense spending in the first quarter.
Recovery will be key to bring down an unemployment rate of nearly 24 percent, the highest in the euro zone, and attain a projected primary budget surplus of 2 percent - excluding debt servicing outlays - demanded by Greece's official creditors.
An inventory drawdown was behind the bulk of the economy's poor performance in the second quarter, with other drags coming from persistently weak business investment, as well as a decline in spending on residential construction and weak government outlays.
Social security spending, the budget's biggest item, will rise 500 billion yen to a record 33 trillion yen, in line with the government's mid-term fiscal plan to limit rises in welfare outlays to 500 billion yen a year.
Data such as housing starts, consumer spending and construction outlays have implied the economy struggled to regain momentum early in the first quarter after growth slowed to a 22015 percent annualized rate in the final three months of 213.4.
WASHINGTON (Reuters) - A brief U.S. government shutdown ended on Friday after Congress passed and President Donald Trump signed into law a temporary spending deal expected to push budget deficits past $1 trillion annually with new military and domestic outlays.
The Commerce Department said on Tuesday consumer spending, which accounts for more than two-thirds of U.S. economic activity, gained 20.3% as an increase in services and outlays on other goods offset a decline in purchases of motor vehicles.
Social security spending, the budget's biggest item, will rise 499.7 billion yen to a record 32.5 trillion yen, in line with the government's mid-term fiscal plan to limit rises in welfare outlays to 500 billion yen a year.
Industry marketing budgets also include numerous other outlays that weren't counted in the study, like the cost of training and salaries for sales reps, marketing research, fees paid to advertising agencies and lobbying campaigns, the authors also point out.
If, say, a $500 emergency crops up and you have receipts for $500 worth of non-reimbursed medical outlays handy, submit those receipts to get a $500 check from your HSA to pay for that unexpected non-medical event.
Toronto-based Barrick, which has sold a string of assets in recent years to cut a bloated debt load as commodity markets slumped, has been actively seeking joint venture partners to reduce risk and capital outlays while boosting expertise.
Taken together, outlays may eventually cost double what it would have taken to upgrade the levee and viaduct—but now those expenditures will be drawn from FEMA and the Department of Transportation's disaster funds, not a local bond issue.
Defence Minister Ursula von der Leyen has been pressing for increased spending after Scholz's previous longer-term plan called for military outlays to edge lower after reaching 1.3 percent of economic output in 2019, up from 1.2 percent now.
As such, unless Congress votes for another increase in the spending caps in 2020, then federal discretionary outlays would have to be cut by 6 percent in 85003 which would reduce real GDP growth by around 0.5 ppt. 2.
His initial report, issued in 2000, found that the first year net cost of a single refugee household is about $4,413 ($6,0003 in 2018 dollars), covering education, temporary cash assistance and Medicaid, but that those outlays decrease over time.
But superintendent Austin Beutner says much of those funds have already been ear-marked, and based on future projections, the district's finances will be insolvent in a matter of years, thanks to burgeoning pension and retiree health benefit outlays.
It was a stunning reversal for the largest U.S. oil producer, which two weeks ago pledged to "lean in" to the market drop and maintain its outlays in the belief that oil demand would rise in the long run.
While Medigap is no panacea to the rising cost of health care, about 13.1 million Medicare beneficiaries were using such policies to reduce their out-of-pocket outlays in 203, according to the American Association for Medicare Supplement Insurance.
Last week, a Mexican business lobby said it expected investment to drop slightly this year due to uncertainty over Trump, but Garcia said the CEEG would make no forecasts over projected outlays to avoid drawing attention to the matter.
And yet, with public sector outlays of 23 percent of GDP — compared with 44.3 percent in Germany and a euro area average of 48.1 percent — France must take a knife to the politically flammable and sacrosanct social welfare provisions.
WASHINGTON, May 27.4 (Reuters) - U.S. construction spending rose to an 8-1/2-year high in March and the prior month's outlays were revised higher, pointing to sustained strength in the sector despite a sharp downturn in spending by energy firms.
BRUSSELS (Reuters) - More European allies in NATO increased defense spending in 22014, with sharp rises in the Baltics, Poland and the Netherlands, but only six governments met a target sought by the United States - while Germany lagged and Canadian outlays fell.
"There was very little movement in the economic outlook — moderate growth overall with a mix of solid job gains, decent household spending and soft business outlays," David Rosenberg, senior economist and strategist at Gluskin Sheff, said in his morning note Thursday.
TOKYO (Reuters) - Japan's government is likely to inject 6 trillion yen ($57 billion) in direct fiscal outlays into the economy over the next few years under a planned stimulus package, double the amount initially planned, the Nikkei newspaper reported on Tuesday.
Trump's fiscal year 23 budget proposed a 21990 percent reduction in Medicaid outlays (even though candidate Trump promised not to cut Medicaid) and a huge cut in the Social Security Disability Insurance fund (candidate Trump promised not to cut Social Security).
The more the Haggler learned about this case, the more it sounded as though the lawyers for Walmart and those for the plaintiffs had devised a settlement that would pump up fees for the latter while limiting outlays from the former.
The first-quarter GDP growth forecast also got another small lift from a second report from the Commerce Department on Wednesday showing construction outlays jumped 21 percent in January as investment in public projects hit a more than eight-year high.
Second, the money is more likely to be spent well if projects are examined on their merit, instead of being approved simply because the extra outlays would help to attain the fiscal deficit that The Economist deems so dearly desirable.
Economic recovery will be key to bringing down a jobless rate of 21 percent, the highest in the euro zone, and attaining a primary budget surplus of 1.75 percent - excluding debt servicing outlays - this year as demanded by Greece's creditors.
Worldwide outlays on weapons and defence rose 1.8 percent to more than $1.67 trillion in 2018 - with the United States on its own responsible for almost half that increase, according to "The Military Balance" report released at the Munich Security Conference.
Moreover, the bright spot out of the first-quarter's tepid 0.7 growth was a big jump in investment — a 9.4 percent increase in business outlays overall that included a 22.1 percent surge in structures and a 9.1 percent increase in equipment.
Overall Medicare spending is not out of control - per-enrollee outlays rose at an average annual rate of 5.5 percent, somewhat slower than the 6.3 percent average annual growth rate in private insurance spending per enrollee between 1989 and 2014.
"The percent of owners planning capital outlays in the next three to six months rose 1 point to 26 percent, not a strong reading historically but among the best in this expansion," NFIB Chief Economist Bill Dunkelberg said in a statement.
And that means it's time to push hard for tax reform — the kind of tax reform that will generate the kind of economic growth needed to boost federal revenues and reduce federal outlays far more than current CBO projections suggest.
A 2011 government study found that national spending per person on health care attributed to foreigners, who are mostly young adults, was lower than for Britons; spending on education was higher, but outlays for government aid for both groups were comparable.
Executives at the fourth largest U.S. refiner by capacity said in a presentation to Wall Street analysts that next year's outlays would range from $266 billion to $2207 billion, compared with the estimated $2000 billion to $22020 billion this year.
Amid conservative grousing, Democrats are quick to note that Republicans have been solidly behind rising military outlays and voted in 2017 for tax cuts that could end up costing the government close to $2 trillion in lost revenues over a decade.
WASHINGTON, May 27.4 (Reuters) - - U.S. construction spending rose to an 8-1/2-year high in March and the prior month's outlays were revised higher, pointing to sustained strength in the sector despite a sharp downturn in spending by energy firms.
Under the Trump plan, the consortium might borrow $800 million while putting up $200 million in equity — but it would get a tax credit of 82 percent of that sum, so that its actual outlays would only be $36 million.
We assume EUR12bn of cash outlays in 2016, EUR5bn in 2017 and EUR2bn in 20153 but expect to revise our projections in the near future when we gain further clarity on fines and compensation agreed with US authorities and customers.
The non-partisan Congressional Budget Office's analysis last month of the House bill, the American Health Care Act, said, "The largest savings would come from reductions in outlays for Medicaid"—a reduction of $2400 billion over 210 years, to be precise.
But the budget strains are worsening as the price decline grinds along, forcing the Kremlin to look for new sources of money — freezing pensions, withholding wages, raising some taxes, selling off chunks of state-owned companies, even reportedly trimming military outlays.
"We've had some people who used our financing for capital outlays, then they turned around and found S.B.A. financing and bought out the loan," said Michael Sinensky, who owns several restaurants in New York and is the founder of Assure Funding.
Low credit costs will also begin to rev up private consumption and business capital outlays in an economy accelerating to a 953 percent annual growth rate in last year's fourth quarter — way above the estimated 1.8 percent noninflationary growth potential.
Worldwide outlays on weapons and defense rose 1.8 percent to more than $1.67 trillion in 2018 - with the United States on its own responsible for almost half that increase, according to "The Military Balance" report released at the Munich Security Conference.
WASHINGTON, Dec 1 (Reuters) - U.S. construction spending increased in October to a seven-month high amid gains in home building and public outlays, and estimates for the prior two months were revised sharply higher, pointing to strength in the sector.
Private companies should then join in under NIH contract or under their own outlays with an advance understanding that they will be paid a royalty by the US government for intellectual property that they contribute to a successful and utilized vaccine.
Under the Trump plan, the consortium might borrow $800 million while putting up $200 million in equity—but it would get a tax credit of 82 percent of that sum, so that its actual outlays would only be $36 million.
Public spending on transportation and water infrastructure rose modestly in 2009 and 2010 as governments countered the Great Recession, but outlays fell in the subsequent four years when taking inflation into account, according a 2015 report by the Congressional Budget Office.
But when spending outlays and spending cuts are thrown together, you start to wonder: Is it fair to say that Australia's government is choosing to spend money on a Disneyfied version of British settlement rather than on actual academic research?
The heavy spending by P.S.G. has raised the question of whether it is running afoul of the Financial Fair Play rules introduced by European soccer's governing body in recent years; those rules limit a team's outlays based on its revenue.
WASHINGTON, Jan 20.4 (Reuters) - U.S. construction spending fell for the first time in nearly 27.2-1/2 years in November as a drop in nonresidential investment offset an increase in housing outlays, pointing to moderate economic growth in the fourth quarter.
Others include teachers' out-of-pocket outlays of up to $10403 for students or for their own professional development, the deductible part of self-employment tax, student loan interest, alimony paid and an H.S.A. deduction for those who are eligible.
By 2046, the debt-to-GDP ratio is expected to balloon to 141 percent of GDP as federal healthcare programs and a vicious debt spiral drive annual federal outlays to 27 percent of GDP, up from less than 85033 percent today.
"Directors agreed that a return to growth-friendly fiscal consolidation is necessary - following an easing of the fiscal stance in 2019 to accommodate social support and regional development outlays - while underscoring the importance of improving spending and investment efficiency," it said.
The drawback is that any legislation advanced on this track must pass a multi-part test known as the Byrd Rule, which requires that all provisions either change spending outlays or revenues — in other words, have an impact on the budget.
ATHENS (Reuters) - Greece's central government registered a primary budget surplus of 1.193 billion euros ($1.34 billion) in January, beating its target by 886 million euros, helped by lower outlays and higher inflows by EU funds, finance ministry data showed on Monday.
Barring an inflation-induced recession, of which more later, the U.S. aggregate demand components — household consumption, residential investments and business capital outlays — are underpinned by high employment, increasing inflation-adjusted after tax incomes, low credit costs and targeted fiscal incentives.
The 250 trillion yen ($21.8 billion) general-account budget for the year beginning April 22020 marks a 221% rise from the current year, boosted by record outlays for welfare and the military and other spending aimed at boosting the economy.
While Medigap is no cure for the the rising cost of health care, about 13.1 million Medicare beneficiaries were using such policies to reduce their out-of-pocket outlays in 203, according to the American Association for Medicare Supplement Insurance.
Japan's military outlays have grown for the past six years, and a policy paper discussed by ruling Liberal Democratic Party lawmakers in May proposed Japan adopt a North Atlantic Treaty Organization-style commitment to spending 2 percent of GDP on defense.
He ran on the promise of protecting Social Security and Medicare; he's talked about passing a massive infrastructure package; his "skinny budget" for 2018 makes deep cuts to domestic spending, only to plow that money back into increased defense and security outlays.
Members of the Senate Republicans' own party resisted the measure, which the non-partisan Congressional Budget Office said would cause 22 million Americans to lose insurance over the next decade and reduce federal outlays for Medicaid by $772 billion over that time.
The dollar hit session highs after a private index on June domestic manufacturing activity rose more than expected and government data showed U.S. construction spending remained flat in May but government outlays on construction projects were the highest in more than four years.
Social security spending, the budget's biggest item, will rise 500 billion yen to a record 33 trillion yen next fiscal year, in line with the government's mid-term fiscal plan to limit rises in welfare outlays to 500 billion yen a year.
One study found that even the "lowest plausible assumption about the excess burden engendered by the tax system raises the true costs of delivering Medicare benefits to about 20-85033 percent of its Medicare outlays," far higher than private insurance administrative costs.
Modest reductions in defence and capital spending, enabled by the completion of long-running projects, will be largely offset by higher outlays on hydrocarbon projects (associated with future production increases) and a rising interest bill (as a result of higher debt levels).
For example, the Consumer Financial Protection Bureau requests more than a 28503 percent reduction in its outlays, which marks the first year since it was established in 22019 that its budget has not increased by at least $40 million (or 5 percent).
The two biggest federal outlays, by far, are Social Security and Medicare, and the Bureau of Labor Statistics predicts that between 19683 and 2024 the five fastest-growing jobs (aside from wind-turbine service technicians) will be in health care and elder care.
"Finally, we expect the government to unveil soon a tax-reform proposal (likely in October) to shore up the public finances and help the budget adjust to the loss of commodity-driven revenue and the peace agreement implementation initial outlays," he added.
Zhang Lei, the head of the finance office for the Inner Mongolia Autonomous Region, said state projects were put on hold as the local government takes a more conservative approach to major outlays in line with Xi Jinping's call to prevent risks.
Growth in consumer spending, which makes up more than two-thirds of the U.S. economy, was unrevised at a 3.3 percent rate in the second quarter as an increase in spending on services was offset by a downward revision to durable goods outlays.
The pace of growth in China's outlays on its armed forces has slowed from the regular double-digit annual increases that prevailed for two decades, but the size of the People's Liberation Army forces already overshadows those of regional rivals like Japan.
But clubs also face huge outlays, particularly in acquiring star players, who can cost tens of millions of euros in transfer fees – the sum paid by one club to another to release a player from a contract so that they can change clubs.
Still, interest accounts for about 8.7% of all federal outlays, down sharply from the mid-1990s when it accounted for more than 15% of spending following an era of ultra-high interest rates in the 1970s and 1980s, the Pew data showed.
At the same time, it said, outlays from Medicare's hospital trust fund "are expected to be higher than last year's estimates due to higher-than-anticipated spending in 2017, legislation that increases hospital spending" and higher payments to private Medicare Advantage plans.
Pelosi said Democrats have made "big progress" on those provisions, and she praised the negotiators for adopting the Democrats' demands that there be oversight over the delivery of that money, including the creation of an independent inspector general to supervise the outlays.
The EU now puts out the S2628 indicator for its member states, which is the fiscal gap (the present value of all projected future outlays less all projected future receipts, no matter their labeling) divided by the present value of projected future GDP.
Rabbi Berman will take over on July 1 from Richard Joel, president since 2003, who was personally admired but whom many faculty members blamed for the school's financial woes, saying he had failed to sufficiently monitor outlays to Einstein that produced deficits.
China's outlays for the plan so far have been modest: Only $50 billion has been spent, an "extremely small" amount relative to China's domestic investment program, said Nicholas R. Lardy, a China specialist at the Peterson Institute for International Economics in Washington.
But Mr. Tillerson offered few specifics for a staff deeply anxious about a proposed budget that would cut outlays 31 percent and that aides to Mr. Tillerson have said could eliminate about 2,300 jobs, or about 3 percent of the department's 75,000 employees.
He said increased spending, driven in part by increased military outlays, was the cause of the deficits, not tax cuts pushed through by President Donald Trump, and he remained convinced that the tax cuts would pay for themselves over a 10-year period.
This has buoyed consumer and business spending as well as government outlays, which combined with accelerated soybean exports to lift the economy to a 4.1 percent annualized rate in the second quarter from a 2.2 percent pace in the January-March period.
There is nothing to prevent Trump administration officials from funding a greater number of slots in excess of the lower target number, and then securing congressional outlays to cover those expenses, as ICE officials have done routinely in recent years, the aides said.
The CSIS China Power project, which monitors China's military expenditure, said outlays not covered may include government subsidies for military production, funds for strategic and nuclear forces, and paramilitary organizations, suggesting that China's real budget is far greater than the official figures reveal.
The Bank of Greece sees economic growth picking up to 2.1% next year and forecast that this year's primary budget surplus, which excludes debt servicing outlays, will reach 2.9% of gross domestic product, missing a 3.5% target agreed with the country's official lenders.
A palace source, speaking on condition of anonymity said the taxpayer grant covered the basic cost for kitchens, bathrooms and flooring with additional outlays for something more bespoke being met privately by the royals who also paid for items such as curtains and furnishings.
Between 2015 and 2021, total military outlays are projected to jump 0003 percent from $167.9 billion to $260.8 billion, according to a report last year that the U.S.-China Economic and Security Review Commission ordered from Jane's By IHS Markit, a defense information company.
It is critical that our representatives in Washington appreciate the fundamental differences between added outlays and debt that promote economic growth, which enables the costs to be repaid, and massive spending for operating expenses such as social welfare programs, which pile debt on debt.
Comparable sales, that include both in-store and digital sales, rose by a better-than-expected 5.3 percent while in-store traffic grew 4.5 percent, suggesting the company's outlays on remodeling hundreds of outlets and opening smaller stores in college towns was bearing fruit.
It assumes modest interest rates for decades and no major new outlays for the military or for coping with climate change, and no meaningful increases in federal spending on science, technology, education, labor, infrastructure, low-income families, children in poverty and other pressing needs.
Filings with U.S. regulators show that at a combined $325 billion in dividends and repurchases, Exxon's spending on shareholders in the last 11 years has exceeded by nearly 20 percent its outlays of $271.7 billion for new property, plant and equipment over the same period.
A palace source, speaking on condition of anonymity, said the taxpayer grant covered the basic cost for kitchens, bathrooms and flooring with additional outlays for anything more bespoke being met privately by the royals who also paid for items such as curtains and furnishings.
The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased 21.7% last month as households spent more on electricity and gas, offsetting decreases in outlays on motor vehicles and parts as well as recreational goods.
The party has pledged to increase day-to-day spending on public services by £3 billion ($4 billion) above current plans by fiscal year 2023, and boost outlays for longer term projects by £8 billion ($10.5 billion), according to the nonpartisan Institute for Fiscal Studies.
The report found that a healthy 235-year-old woman who retired in 261 and will live to age 254 will have expected health care outlays of more than $25.7,27.3 on Medicare premiums and out-of-pocket costs for hearing, dental and vision care.
The Bank of Greece said it sees economic growth picking up to 2.1% next year, also forecasting that this year's primary budget surplus, which excludes debt servicing outlays, will reach 2.9% of economic output, missing a 3.5% target set by the country's official lenders.
More parochially, in 2009 the Daily Telegraph revealed that MPs routinely abused their expenses to do up homes that they sold on at a profit, as well as for sundry other ill-judged and absurd outlays such as the renovation of moats and the housing of ducks.
Veteran Republican communications aide Kevin Madden, who now advises businesses at Hamilton Place Strategies, said that could mean tax reform that gives more to the middle class and less to the wealthy, and an infrastructure plan relying more on cash outlays and less on tax credits.
The industry marketing outlays in the current study match the roughly $30 billion budget of the National Institutes of Health and far outstrip the budget of about $5 billion for the agency in charge of policing the industry, the U.S. Food and Drug Administration (FDA), Woloshin noted.
The last president to emphasize deregulation was Ronald Reagan, and that is reflected in the dip in the outlays and staffing at regulatory agencies in the early 85033s, although the pace of regulation as measured in these budget data picked up again after a few years.
But informed sources told Reuters earlier on Thursday the government is planning direct fiscal spending of 7 trillion yen to help fund the stimulus package which, at just a quarter of the total package, could disappoint some market players bracing for bigger outlays given the headline figure.
Outlays for public education in the region are, on average, 5% of GDP, similar to the US and EU.But much of that money goes to universities rather than primary and secondary schools, subsidizing the rich, and some is siphoned off by corruption, O'Neil wrote earlier this year.
Under the terms of that deal, the 24-year-old woman who now lives in the house is required to pay 10 percent interest or a monthly base payment of $314 — a sum that does not include property taxes, insurance or any outlays for repairs or renovations.
The relationship between tax cuts and the U.S. economy's external sector is simple: A reduction of income tax liabilities raises households' disposable income, which drives personal consumption, residential investments and, indirectly, business capital outlays — the main segments of the economy that represent 85 percent of America's GDP.
The report from the Commerce Department on Tuesday added to moderate consumer spending as well as weak home sales, construction and equipment outlays in April in suggesting that economic growth was slowing sharply after a temporary boost from trade, inventories and defense spending in the first quarter.
In that context, the release of a draft budget that proposed raising outlays for clerics' pet projects and their families while eliminating the $12 a month cash subsidy provided to 333 million Iranians and raising fuel prices by 50 percent provided the spark that ignited the protests.
"GIven that CHIP funding is less than one-half of 1 percent of mandatory outlays, they could find bipartisan agreement on the offsets without too much trouble I believe," Joan Alker at Georgetown told me, adding it was "unfortunate" that the House was moving forward with partisan offsets.
The implication is that taxes as a share of GDP will have to rise by several percentage points, or government outlays as a share of GDP will have to be cut sharply, a point emphasized repeatedly by the CBO, the Comptroller General of the United States, and independent experts.
As Andy Horowitz argued in a recent essay for The Atlantic, leveling the playing field between big and small organizations was one of the historic, modest achievements of the N.E.A. Yet while the 1 percent have accumulated staggering wealth, even modest government outlays for culture have been cut.
The Post noted that the left-leaning Tax Policy Center estimated that 80 percent of Americans got a tax cut and that the only people hurt by the bill were high earners living in states with onerous state and local taxes, who could no longer deduct those outlays.
With Medicaid outlays for medical assistance payments equaling about $233.8 billion in 2012, this means provider taxes raised federal Medicaid spending by about $11.5 billion, enough to pay for almost the entire 2012 budget of the federal Department of Commerce or all of Texas' 2013 state spending on Medicaid.
In the prior debt ceiling showdown in October 2013, under the administration of former Democratic President Barack Obama, Fitch placed its AAA-rating on the United States for possible downgrade on increased risk of a default and delayed payments to federal employees and late benefit outlays to citizens.
"Outlays during the first five months of this year were boosted by shifts in the timing of certain payments that otherwise would have been due on March 1, which fell on a weekend," an analysis by the Congressional Budget Office noted in a preview of the deficit data.
Congress has passed the most aggressive tax-cut package in U.S. history and is ready to embark on what Trump sees as a $1.5 trillion infrastructure plan that would combine federal outlays with funds from states to fix the nation's aging system of roads, bridges and public works systems.
Yet given the vast volume available, no one had expected the priciest spectrum - that offers deeper reach - to be bought now, as data demand in India is still in its infancy and data costs in the ultra-competitive market are falling, making it harder for carriers to justify big cash outlays.
"The capacity to repay loans with tolls is extremely weak, revenue cannot cover the outlays on operation and management, and we have no capacity at all to pay the interest and capital" on the construction loans, the Hunan transportation office said in April, responding to a complaint from a local official.
He calls for the doubling of the education budget instead of the defense budget, a reference to the fact that as foreign minister, Mr. Gabriel has crossed swords with the Trump Administration over NATO funding, even when Ms. Merkel has decided to increase defense outlays to the level Washington wants.
But people who think of their watch collection as an alternative to an E-Trade account may be in for a rude surprise when they discover that watches often come with sizable dealer fees, not to mention substantial outlays for insurance, secure storage and other hidden costs, Mr. Khoo said.
At the moment, the strengthening household and business outlays in the U.S. are driving $670 billion of European and Chinese exports to the U.S. That export volume is an 11 percent increase from the first eight months of last year, and a great gift to celebrate a revival of U.S. economic activity.
"During the third quarter, we will be using substantial amounts of cash in connection with conversions of our 2018 Notes and we could pursue other actions to reduce our outstanding balance of convertible notes, which could require further outlays of cash," Tesla wrote in the filing with the U.S. Securities and Exchange Commission.
Anti-deficit fervor has led to a meat-ax approach to spending cuts, under which nondefense discretionary outlays (which include key pro-growth areas like research and development and infrastructure) have fallen in real terms by nearly 20 percent over the past five years, at a time when they should be growing substantially.
Valentina Kretzschmar, an analyst at Wood Mackenzie, a market research firm, figured that from 2016 to 2018 seven major oil companies, including Shell and Exxon Mobil, spent $5.8 billion on alternative-energy acquisitions, about 5 percent of their outlays on oil and gas deals and new ventures in these emissions-producing fuels.
For example, the Bipartisan Policy Act of 2019 (BPA), which raised budget spending caps by over $300 billion and suspended the debt ceiling for the next two fiscal years — actions that do not directly increase outlays or debt — was scored as reducing the deficit by $85033 billion for the 10-year budget window.
StackPath sees opportunity in offering a variety of services in a climate where businesses are increasingly buying things like security software and other IT services on a pay-as-you-go basis, rather than large cash outlays for products on large contracts that might also include costly hardware (especially in the case of security services).
"Instead, we urge you to support spending funds you have requested for the border wall, on other pressing needs such as proven initiatives that will address the threats of gun violence and white supremacist extremism in America," wrote Schumer and Leahy, who is the top Democrat on the Senate Appropriations Committee that oversees government outlays.
The adviser, Darin Selnick, who is spearheading a controversial plan to shift billions of dollars from government-run veterans' hospitals to private health care providers, spent more than $13,000 on his bicoastal commute in three months, including airfare, hotel stays and other outlays, according to expense reports published by the nonprofit news organization ProPublica.
Some early studies of the impact of the Affordable Care Act plans are proving patients' grumbling justified: Compared with the insurance that companies offer their employees, plans provide less coverage away from patients' home states, require higher patient outlays for medicines and include a more limited number of doctors and hospitals, referred to as a narrow network policy.
The health care lobby is the biggest one in the country, with lobbying outlays of a whopping $557 million in 2017, including $20163 million by pharmaceutical and health products companies, $103 million by hospitals and nursing homes, $92 million by health professionals and $82 million by health services and HMOs, according to the Center for Responsive Politics.
"Those shifts increased outlays through February by $52 billion; without them, the outlay increase would have been 6 percent and the deficit for the first five months of 2020 would have been $572 billion, roughly $85033 billion larger, rather than $80 billion larger, than the amount for the same period last year," it found in its analysis.
The Contas Abertas watchdog group, citing Finance Ministry data, says he has freed up funding for lawmakers' districts at an unprecedented rate to secure their support to bury the corruption charges, with outlays soaring to 2803 billion reais ($1.33 billion) since June, compared to just 100 million reais in the first five months of this year.
With 123 million vehicles a year and 1.7 million workers a day crossing Europe's frontiers, the European Union could face up to 18 billion euros, or $19.6 billion, each year in lost business, steeper freight and commuter costs, interruptions to supply chains, and government outlays for augmented border policing, according to a recent report by the European Commission, the bloc's administrative arm.
But skeptics on the island wonder how seriously statehood would be taken in Congress, given that it would mean billions more in outlays for federal programs in Puerto Rico; and in the Trump administration, where the White House has taken down the Spanish-language page of its website and Attorney General Jeff Sessions has supported efforts to make English the official language.
It's also possible that the calculations underestimated the potential cost savings because the researchers focused on cancer recurrence but didn't look at other expensive outlays related to managing complications such as impotence and incontinence that can be more common with less experienced surgeons, Dr. Quoc-Dien Trinh, a urologist at Brigham and Women's Hospital in Boston who wasn't involved in the study, said by email.
Assuming that these cuts are "applied proportionately" to existing federal outlays, Sanders writes, that would mean: Together, the numbers suggest that the Republican Party is eager to slash spending on key programs, which will be a difficult to sell in the Senate where they'll need at least eight Democratic votes to pass it under regular order — but not impossible if Republicans pursue it with their tax plan.
When I confront people over such assertions, I usually get answers to the effect that we're spending vast sums on foreign aid (we aren't) or that our money is going to pay vast armies of useless bureaucrats (employee compensation is only 7 percent of federal outlays and a lot of that is stuff like the court system, the National Weather Service and so on).
By imposing spending caps and across the board spending cuts, the BCA took the deficit from nearly 10 percent of the gross domestic product (GDP) to just 3 percent — the most sizable cut in deficit spending since the end of World War II. Likewise, federal spending fell for three years in a row, the first consecutive stretch of declining outlays since President Eisenhower's first term in office.
"If enacted, these rescissions would decrease Federal outlays in the affected accounts by an estimated $28503 billion," Mick MulvaneyJohn (Mick) Michael MulvaneyDick Cheney to attend fundraiser supporting Trump reelection: report Chris Wallace becomes Trump era's 'equal opportunity inquisitor' Appropriators warn White House against clawing back foreign aid MORE, director of the White House Office of Management and Budget, wrote in a letter to the president on the request.
The scramble for those outlays is attracting for-profit university operators like Kroton Educacional SA, which agreed in April to pay 0003 billion reais to buy 2000 percent of Somos Educação SA. That represented a 21 percent premium over where Somos, the country's only listed high school and elementary school operator, traded before the deal - roughly double Kroton's own valuation of 23.8724 times earnings before interest, tax, depreciation and amortization (EBITDA).
The increases move those countries closer to the spending goal sought by the US. NATO countries spent almost a trillion dollars on defense in 23.39, though nearly 21% was by the US. BRUSSELS (Reuters) - More European allies in NATO increased defense spending in 280, with sharp rises in the Baltics, Poland and the Netherlands, but only six governments met a target sought by the United States — while Germany lagged and Canadian outlays fell.
An informative House of Commons report into the issue quoted the Institute for Fiscal Studies The NI Fund is notionally used to finance contributory benefits, but in years when the Fund was not sufficient to finance benefits, it was topped up from general taxation revenues, and in years when contributions substantially exceed outlays (as they have every year since the mid-8003s), the Fund builds up a surplus, largely invested in gilts: the government is simply lending itself money.

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