Because corporate overhead is allocated on the basis of either department sales or variable costs, department A's profit before taxes is $20,000 higher than the budgeted sum, while that of department B is $20,000 lower.
This was countered by Nils Henrik Bruun, a constructor from Bergen, who was willing to construct all tunnels on the railway for less than the budgeted sum.
He has invoked it like a magic shield to ward off attacks that he was a spendthrift chancellor or that his budget sums did not add up.
In doing its budget sums, Obama's economics team assumed that inflation-adjusted GDP will expand by 2.7percentnthis yearar, by 3.8percentnt in 2011, by 4.3percentnt in 2012, by 4.2percentnt in 2013, and by 4.0percentnt in 2014.
In addition, the deficit of the current budget — a sum which Count Revel did not disclose, but which he anticipated would be negligible — can also be covered.
Although the £70m amounts to less than half the previous local welfare budget, the sum is thought to represent an estimate of what councils spent on such grants last year.
For UK higher education institutions, EU funding provides an additional 15% on top of the UK government's own research budget, a sum greater than that of all but two of the UK Research Councils.
Unless the measure is revived, she said, Michigan will have to slice $500 million out of next year's budget, a sum that she said would force thousands of state layoffs and the potential elimination of state services such as long-term care or mental-health coverage.
Hidalgo has promised to make all Paris's public transport electric by 2030, all its public buildings energy efficient by 2050, and has introduced "participative democracy" – an annual poll in which Parisians propose and decide on ideas for 5% of the annual municipal budget (a sum amounting to around €20 million).
She is mocked as being fixated on hype and buzz; spending budget-busting sums; having a mercurial temper and making capricious editorial decisions.
Planted firmly in the middle ground between end-is-nigh panic and drill-baby-drill denial, Mr. Lomborg believes the hysteria surrounding global warming has stifled common sense and encouraged countries to budget enormous sums of money to achieve negligible reductions in temperature.
