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Even with all that revenue, central government investment has shrunk to a derisory 0.5% of GDP.Barely a day has passed since Lula came to office without shrill denunciations of the central bank, often from his own vice-president, José Alencar.
So this makes tax revenue central to the sustainability of sovereign debt.
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A senior figure in the Chinese film industry outlined the conditions it is setting for Hollywood to gain access to its lucrative box-office revenues, central among which is more "positive images" of the country and its culture.
The protection of vital broadcasting revenue is central to that train of thought.
The caliphs had occasionally made land assignments (iqṭāʿs) to soldiers in lieu of paying salaries; now the Būyids extended the practice to other individuals and thus removed an important source of revenue from central control.
The unit is currently being "spun off" from the Cabinet Office into a new mutual company so that it can expand its work – both in the public and private sector – and provide revenue to central Government.
These relate to insufficient revenue at central level to fund both district-level governance and repay national debt, and the absence of an adequate legal framework for central control.
But because investors demand prohibitive interest rates to lend to a government seen as unpredictable and anti-markets, Argentina cannot refinance its obligations as they mature, and must pay the full principal out of tax revenues or central-bank reserves.
Thanks to Iraq's growing oil revenue, the Iraqi central bank has about $60 billion in foreign exchange reserves, held in accounts at the Federal Reserve Bank of New York, with which to meet the insatiable demand for dollars.
The gross amount of Central Fund revenue for each team in 2012 was $50 million, but the league kept $7.5 million (the money belongs to the teams and is booked as an "account receivable" on their balance sheet).
Corrupt parastatals disgorge no revenue to the central bank.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com