Sentences with phrase «cent of national income»

Not only will we remain committed to spending two per cent of our national income on defence.

The last Conservative manifesto contained a commitment not just to spend 0.7 per cent of national income on overseas aid, but also to «legislate in the first session of a new Parliament to lock in this level of spending for every year from 2013.»

We expect public sector net debt to hit the government's ceiling of 40 per cent of national income in 2009 - 10 and to rise to 41.2 per cent by 2012 - 13.

«Whoever wins the next election must set out a clear timetable to deliver the UKs existing aid commitments and increase UK aid spending excluding debt relief - to at least 0.7 per cent of national income as soon as possible.

In this respect, Britain is again falling behind other Western countries, with healthcare expenditure averaging only 6.9 per cent of the national income between 1980 and 2013.

In the coming Budget, we will become the first G8 country to realise the historic promise to spend 0.7 per cent of national income on aid.

«This Coalition Government will be the first British government in history, and the first major country in the world, to honour the United Nations» commitment on international aid... Overseas development will reach 0.7 per cent of national income in 2013.»

The EU12 group of recent entrants to the EU including Cyprus and Malta as well as Eastern European countries - has promised to spend 0.17 per cent of national income on aid by 2010 and 0.33 per cent by 2015.

Italy came bottom of the table, spending just 0.16 per cent of its national income.

In a policy described as «hard - headed - but not hard - hearted», the Tories reiterated their commitment to spending 0.7 per cent of national income on international development, meeting the target set by the United Nations.

It now stands behind Luxemburg, Sweden, Denmark, the Netherlands, Ireland, Belgium and Finland, spending 0.41 per cent of national income on overseas aid.

Other rich European countries are also lagging behind the UK, with France spending only 0.30 per cent of national income, and German giving 0.28 per cent.

Mr Darling is expected to use his April 22 Budget to admit the recession is much worse than he forecast, predicting the economy will shrink by at least 3 per cent in 2009 and that the deficit will top 10 per cent of national income.»

Should Britain accept a higher level of taxation than the normal level of a little under 40 per cent of national income?

Last week, I wrote that the Government is currently on track to haul back the State's share of the economy from the ruinous 47.7 per cent of national income it reached under Labour to 39.5 per cent within five years.

Overseas aid spending would increase to a 2013 target of 0.7 per cent of national income.

Fellow Tory MP Peter Bone is also critical of the Government's move since 2010 to protect and raise aid spending to the United Nations target of 0.7 per cent of national income.

If they revise down the Treasury's growth forecasts by 1 per cent of national income, the gap between tax revenues and spending increases by around # 10bn, meaning the government has to find more money from somewhere.