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He said a reduction of expenditures was now possible "because there isn't anything like the unemployment today that existed when I first came into office".
What needs to be done is a massive reduction in entitlement benefits; a phased-in reduction of expenditures until outlays equal receipts is the only viable long term solution to the problem.
While the sectors social welfare and finance & tax have been growing from 35% in 1990 to 48.2% in 2010, a significant reduction of expenditures has been occurring in the sectors of agriculture and national defense; from 26.5% in to 12.4% (estimation for the year 2015).
The reduction of expenditures by the drug price reduction was greater than the new guidelines at the policy initiation.
At the start of policy implementation, the reduction of expenditures owing to drug price reductions was greater than the impact of the new guidelines.
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Her reduction of expenditure on the health service seriously undermined its performance and meant that being seen as looking after the NHS has become a watchword ever since for any leader who wishes to be elected and remain in power.
The committee's approach is in line with the government's new strategy to divert women away from crime, which explicitly links the reduction of expenditure on women's prison places with the funding of women's centres in the community.
There are widespread fears that his reorganisation of and reduction of expenditure on the NHS will seriously undermine its performance when people are used to seeing looking after the NHS as a watchword for any leader who wishes to be elected and remain in power.
Specifically, it could lead (in scenario 4) to a 1.4 p.p. of the GDP reduction of expenditure by 2051 (see Fig. 9c in the Appendix C).
As seen in this paper, it could lead to a 3.2 p.p. of the GDP reduction of expenditure by 2051 (Table 5) in an extreme scenario, compared with the 3.7 p.p. of GDP reduction under the 2011 reform, based on the same methodology and the same demographic scenario as in Conde-Ruiz and González (2013 .24.
Conde-Ruiz and González (2013) demonstrated, using the same methodology and the same demographic scenario as in this article, that the 2011 reform (in which the calculation period was extended, retirement age was increased to 67 and a modified replacement rate was applied to the reference wage) may imply a 3.7 p.p. of GDP reduction of expenditure by 2051.
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CEO of Professional Science Editing for Scientists @ prosciediting.com