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Ever the stubborn street fighter, Mr. Chrétien counterattacked with bold moves that left his opponents dazzled, including successfully pushing for ratification of the Kyoto climate control accord and increasing outlays on social programs.
Equally important, New Delhi is playing a more active military role, increasing outlays and participating in naval maneuvers with Japanese and Vietnamese forces.
Jaitley's budget prioritized infrastructure investment, increasing outlays by $11 billion, a new national infrastructure fund, new tax-free infrastructure bonds and "revitalized" public-private partnership funding models that will shift the risk burden toward the government and away from the private sector.
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But the program has bipartisan support, and Congress increased outlays for the program in the federal spending bill passed last week.
China may have rapidly increased outlays on welfare pensions and health, but it has barely scratched the surface.
Much of this deficit, however, was a direct result of a depressed economy, which held down revenues and increased outlays on unemployment benefits and other safety-net programs.
These high-yielding varieties, however, require increased outlays for fertilizer, as well as expanded facilities for storage and distribution, and many developing countries are unable to afford such expenditures.
The rest of the Top 10, in descending order, were: This means that seven of the Top 10 marketers in the third quarter increased outlays for advertising compared with the same quarter a year ago.
Thus, as opposed to just a reduction in revenues, the tax credit will also increase outlays.
With shrinking tax revenues and increased outlays for unemployment compensation and the like, the surplus will evaporate for the duration of the recession.
Increased outlays by businesses likely picked up the slack, he says, but stronger GDP growth in the second quarter will prove a "false bounce".
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