Exact(2)
Several previous studies have contributed to a pessimistic perception by observing that the inflows are mainly used for food and current expenses (for a review, see Chami et al. ( 2003 )).
Financial status was assessed by the question: "During the last 12 months have you had difficulties in managing your current expenses for food, rent, bills etc.?" This question was dichotomized into either no (=0) or yes (=1).
Similar(58)
Re "A Question of Accounting Has No Easy Answer" (Economic View, July 21), which discussed how the treatment of stock options as expenses would affect the economy as a whole: The granting of a stock option creates no current expense for a company, and, as the column pointed out, estimating its potential future cost is fraught with difficulties.
Article IV, Section 8, of the California Constitution specifically notes that "statues calling elections, statutes providing for tax levies or appropriations for the usual current expenses of the State, and urgency statutes shall go into effect immediately upon their enactment.
The governor has said he would not follow the examples of some earlier governors and shift his problems to the future, by paying for current expenses with borrowed dollars, for example, or withholding full payments from pension funds.
The recent rise in oil prices will help with current expenses, including wages for millions of public servants, and also with the annual payments of $5 billion-6 billion that Mr Khatami's government must dish out to service the huge foreign debts it inherited from the previous administration.Iran's worst drought in 30 years has also taken a toll, despite the recent rains.
Appropriations committees in the House and Senate have slashed a $738 million budget request for peacekeeping in 2001 to $500 million and rejected a request for $107 million for current expenses in Kosovo and East Timor.
The survey warns that the big donations are unlikely to solve immediate budget concerns, because about half of all gifts are earmarked by donors to be used for endowments or other capital investments, and cannot be used for current expenses.
But it's having no problem at all borrowing to pay for current expenses.
But it takes on symbolic importance considering that New Jerseyans are paying higher and higher property taxes and Trenton is struggling to scrape up enough money for current expenses.
The state, in essence, gave its stamp of approval to the city's plan to balance its current budget without going into debt even as the state's own spending plan hinges on $4.2 billion in borrowing for current expenses, a trick state law prohibits the city from using.
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Justyna Jupowicz-Kozak
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