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And as Indiana's governor since 2013, Pence has cut taxes for corporations and individuals, and paid for the cuts by trimming local and infrastructure outlays.
The Broad Channel project offers a preview of the infrastructure outlays that Mayor Michael R. Bloomberg is envisioning as part of a new $20 billion plan to protect the city's 520 miles of coast over the next decade from rising sea levels.
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Expenditures under the Structural Funds include both investments (transport or telecommunications infrastructures, outlays for innovation, energy, the environment) and labor market programs (aimed at reducing unemployment and increasing human capital and social integration).
While the absolute numbers in Trudeau's proposal appear to be small additional outlays of nine and a half billion Canadian dollars a year they would virtually double infrastructure spending over the next decade.
While the absolute numbers in Trudeau's proposal appear to be small — additional outlays of nine and a half billion Canadian dollars a year — they would virtually double infrastructure spending over the next decade.
Infrastructure Spending.
In the first eight months of 2012, infrastructure and capital outlays were 65% higher than a year earlier.
Outlays on infrastructure, including reconstruction after the tsunami-cum-nuclear meltdown of 2011, could boost GDP more directly than handouts to households and small firms, since businesses may pocket the cash rather than embark on new spending.
But Mr. Draghi conceded that budget-cutting could push countries into recession, and he said governments should cut spending on operations rather than curtailing outlays for infrastructure projects like bridges and roads.
For example, the Fed could transfer large sums of newly created money to the Treasury Department, which would then use it to pay for a big increase in government outlays on infrastructure.
The main rationale for planning the territorial production complex is making savings in labor inputs, investment outlays on infrastructure, and transportation costs.
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