The phrase "allocate the equivalent" is correct and usable in written English.
It can be used when discussing the distribution of resources or values that are equal in some context.
Example: "In order to ensure fairness, we need to allocate the equivalent of each member's contribution to the project."
Alternatives: "distribute the same amount" or "assign the equal value".
"A few days after the start of the violence, we adopted a quick decision to allocate the equivalent of $8 million to this emergency.
(Only a few countries allocate the equivalent of 0.7%% of Gross Domestic Product to international assistance, despite repeated affirmations of this commitment).
The proposal by the Sustainable Development Solutions Network (SDSN) on health in the post-2015 development agenda expects high income countries to mobilize and allocate the equivalent of 0.1% of their gross domestic product (GDP) to international assistance for health [ 10].
Tonight, the Russian government announced that each family of Kursk crew members would be allocated the equivalent of about $18,000 in immediate financial assistance to cover their needs.
Of course, some nations do better: Sweden, Norway, Denmark, the Netherlands, and Luxembourg all exceed the United Nations target of allocating the equivalent of 0.7% of gross national income in foreign aid.
He would simply use projected budget surpluses to keep the system going until 2050, by paying down national debt and allocating the equivalent of the interest saved to the Social Security system.
First we assumed that all countries that are not yet allocating the equivalent of 5% of GDP to government expenditure on health would indeed halve the gap between their present spending level and 5% of GDP, than we distributed US$45 billion – the equivalent of 0.1% of GDP of the 'advanced economies', according to the International Monetary Fund (IMF) [ 19] – starting from the poorest countries.
Penn State hasn't yet indicated how it will specifically allocate the money, which is equivalent to one year of football revenue, the Chicago Tribune reports.
Will ultimately have to allocate the fb$?
Headteachers – not politicians – will allocate the money.
Allocate the oil on a population basis (8.3% rather than 84.2%) and Scotland's tax receipts for 2012/13 were £48.1bn (rather than £53.1bn), equivalent to 8.2% of the UK total tax take.
