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Exact(28)
But the first stage of the tightening has relied far more on reducing expenditure, so it is worth considering how things would turn out if this happened again.
In normal times, spending on new cars and consumer durables is only about 13% of total consumer expenditure, so housing equity release significantly increases spending in these markets.
Local taxes do not raise sufficient funds to cover expenditure, so that local authorities are very dependent on grants from the central government.
The estimated £100m it might raise amounts to less than one hundredth of one per cent of total pensioner expenditure, so far more would be needed to cap spending.
However, Ed Welsh, of the LGA, told GMTV today that the money was in the foreign banks to earn interest rather than to be used for current expenditure so the crisis was unlikely to cause immediate problems.
Under the new voluntary code, participating companies offer a cap on monthly expenditure so that if this is exceeded through fraudulent activity you are not liable even before a theft is reported.
Similar(32)
Moody's suggests that interest payments could be considered expenditures, so Treasury could decide not to make those payments.
The president has agreed to about $50 billion in emergency expenditures so far, but even if the new packages come to $100 billion, it is likely to be too little.
But Mr. Furrier, the selectman, is doubtful that development on the site will yield a financial benefit given the town's expenditures so far.
Instead of private money, there should be more public funding, and caps imposed on expenditures, so campaigns aren't (as they currently are) an arms race of negative advertising.
He says the government promised something different to voters on the mining tax: the Coalition told voters explicitly it would scrap the both tax and the associated expenditures, so that's what it is attempting to do.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com