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A recent Oxford University study of 17 Olympics from 1960 through 2012 found that every single one had busted its budget, on average nearly tripling initial estimated costs.
He said: "Unequivocally, tax credit recipients in work will be made worse off by the measures in the budget on average".
IFS director Paul Johnson said: "Unequivocally, tax credit recipients in work will be made worse off by the measures in the budget on average".
Today, typical Americans buy about sixty-eight items a year, paying 3.5 per cent of their household budget, on average, compared with 1960, when average Americans bought twenty-five garments a year using ten per cent of their budget.
Medicaid is the largest, fastest growing part of nearly every state budget; on average, it accounts for about 20percentt of state budgets nationwide, according to analysts for the National Governors Association.
But the Spanish government's borrowing was under control - that is, it ran a balanced budget on average every year until the eve of the 2008 financial crisis.
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It accounts for about one-fifth of state budgets, on average.
By contrast, the Association of Zoos and Aquariums estimates that its member zoos and aquariums gave less than 2 percent of their operating budgets on average to field conservation activities for wild animals in 2010 — about $134 million.
Governors said the details of expanding Medicaid — which now accounts for more than 20percentt of state budgets, on average — must not be left to the last minute in Congress.
Other departments are likely to have to shave about 8% off their budgets on average.
And certainly more will be needed because these projects always bust their budgets on average by 50%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com