That contrasts with expenditures, which the court has ruled are a form of speech.
"This is part and parcel of the 5percentt reduction in state expenditures, which I intend to save $100 million".
Fed chairman Alan Greenspan prefers the core figure for personal consumption expenditures, which excludes food and energy.
It also would require the disclosure of independent expenditures, which have played an increasing role in state elections.
The other measure is personal consumption expenditures, which make up about 70 percent of gross domestic product.
They like Telmex's strong cash-flow generation and its decision to reduce capital expenditures, which they estimate will save the company $300 million next year.
Ms. Quarles said that capital expenditures, which include spending on data centers, have plummeted to $263 million, from $846 million in the first quarter of 2008.
Mr. McGreevey's proposal also compared his proposed spending with last year's budget proposal, rather than the actual expenditures, which were far lower.
There are a wide range of corporate deductions, involving special depreciation allowances and upfront deductions for capital expenditures, which are also ripe for cutting back.
The desire for reunification with the Bulgarian lands of the exarchate allowed for increases in military expenditures, which led to rising taxes.
Some, largely low-income countries, exclude internal security expenditures, which can be relatively high, thus lowering their official d/GDP ratio.
