Exact(2)
Weaker growth will result in public borrowing exceeding the £118bn pencilled in for the 2009-10 financial year in the PBR and the fresh fiscal boost in the budget will be accompanied by plans to raise taxes or trim expenditure once the crisis is past.
There is widespread confidence that the government, which has rigorously applied a structural surplus rule since 2001, will comply with the budget and, if revenue falls below target, will trim expenditure correspondingly.
Similar(58)
Google and its parent Alphabet have recently made moves to trim expenditures on research projects that don't generate revenue.
Under pressure to trim expenditures, Congress may finally look at the rail issue and see more than another barrel of pork for the provinces.
The owners, feeling uncertain about the future, trim expenditures for maintenance and repairs in an effort to make as much im mediately from current opera tions.
Instead, the Assembly decreed $7 billion in spending cuts that would require the elimination of thousands of state jobs and trim expenditures for schools and universities, prisons and other as-yet-unspecified state functions.
The spending cuts that were part of deals to trim expenditures emanating from the 2011 debt ceiling deal, combined with the winding down of the wars in Iraq and Afghanistan, mean that federal spending was 6.8percentt of potential G.D.P., down from 7.4percentt of actual G.D.P. from 1993 to 2013.
While that kind of data remains largely anecdotal, the evidence is enough to keep corporations spending on cybersecurity technology even as they trim expenditures on other information technology.
As we move towards our March 18th deadline for the current continuing resolution, I hope that my colleagues across the aisle will listen to what experts across the country are telling them and compromise on a budget that will help trim expenditures while maintaining our investments in our future.
"The government has put VAT on salt, flour, cooking oil, bread and milk, exorbitant taxes that hurt the poor, while the government has not trimmed expenditure," said Hajat.
But even though successive British leaders have vowed to combat child poverty — Tony Blair promised to eradicate it, Gordon Brown called it a "scar on the soul of Britain" and David Cameron pledged to stand by single mothers — such a broad effort is unlikely when Britain is leading a race among western countries to trim public expenditure and debt.
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