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But Woods said any "significant or uneven" reduction of subsidy funding in the next few years, as outlined in December's mid-year budget review, could elevate risks of earlier closures by Ford and Holden.
A simulation experiment was conducted by applying a 30% reduction of subsidy to the electricity sector.
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There is also a need for fiscal correction and reduction of subsidies if we hope to achieve higher growth.
Under the framework, the United States agreed to speed up its reduction of subsidies for cotton, which were recently declared illegal by a World Trade Organization tribunal.
Increases in food prices and reductions of subsidies have provoked riots here in the past.
Disney describes vast swaths of the countryside now either poorly served or completely bereft of buses after the loss or reduction of council subsidy of non-commercial routes.
The constant reduction of state subsidy, eroded by inflation, left him and John Tooley, the general director, with an almost impossible task: to maintain the house's international status while keeping ticket prices within the means of regular opera and ballet lovers.
The reduction of federal subsidies has not stopped the project, which now threatens to become a forlorn monument to hubris.
The White House, which has supported a reduction of the subsidies, said it was encouraged by the latest proposal.
Among these were the reduction of agricultural subsidies and the encouragement of production of fruits and vegetables for export, at the expense of investing in local grain production.
The plan calls for the reduction of agricultural subsidies in wealthy countries, which, poor nations say, protect farmers in the United States and Europe from competition.
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