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He said the cost of the new site could be met by surpluses built up through the business.
The Treasury thinks that it will meet the golden rule with something to spare ie, that any deficits will be at least matched by surpluses during upturns.
Instead, as Slate's Matthew Yglesias has suggested, it's a kind of hobbyist's paradise, one that's subsidized by surpluses from the old economy it was supposed to gradually replace.
The fund, which will be used for scholarships and general restructuring grants, will be paid in part by surpluses from copper exploitation, according to the president.
For the past three decades, UK trade has been the story of a growing deficit in manufactured trade offset by surpluses in oil, services and investment income.
But the net deficit in 2005-06 hid a much bigger gross shortfall of £1.3 billion among a third of the 600 NHS organisations in 2005-06, wasch was partially offset by surpluses in the rest of the health service.
Similar(43)
The mockery of yore is taken very seriously by present-day buyers encumbered by surplus millions.
That would require co-ordinated action by surplus and deficit countries.
Writer tells about various other items he saw & their original prices & the prices paid by surplus dealers for them.
Rather, he contends, prices on the world market are artificially depressed by surplus sugar from countries that subsidize production.
It happened in Versailles and at Bretton Woods, when the Americans rejected a system in which the burden of adjustment had to be shared by surplus and deficit countries.
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