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Public expenditure also depends on the price of the goods and services that the public sector buys and on the efficiency with which they are used.
As in Germany, a sharp decline in capital expenditure also raises worries about business confidence and points to weak future growth.
However, minimizing such expenditure also represents a challenging task due to the complex and highly-combinatorial nature of the optimization problem.
While the Young Lives 2009 dataset allow us to compare consumption expenditure with a generated wealth index, it is likely that the measure of consumption expenditure also face similar problems.
Public share of health expenditure also play an important role in the total health expenditure with the elasticity of 0.33, which is as expected for developed countries in the sample.
However, minimising such expenditure also represents a very challenging task due to the large number of design choices and methodology for the design and operation of utility plants, which fully exploits their inherent flexibility when they are subject to variable conditions (e.g. demands, prices, ambient temperature).
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But tax expenditures also misallocate resources.
By these measures, military expenditures also count.
Four of the most expensive tax expenditures also are the most popular.
"The real stuff is done here," said Mr. González, whose expenditures also included reimbursement for working on many weekend days.
Corporate expenditures also seem to be more heavily skewed toward investments in the old economy rather than the new.
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