Sentences with phrase «cuts by central government»

Local authorities have been forced to face the biggest spending cuts by central government, with 26 % of their budget slashed.

Not exact matches

Powell said individual Fed members will be crafting new projections at the central bank's meeting in March, which would be influenced by federal government's ambitious fiscal policies including tax cuts.

He has implemented a massive stimulus policy by cutting the central bank's benchmark interest rate to negative, keeping the 10 - year Japanese government bond yield near 0 percent in an effort to control the yield curve and stepping up the Bank of Japan's asset purchases.

The central government had cut excise duty by Rs 2 per litre in October 2017, when petrol price reached Rs 70.88 per litre in Delhi and diesel Rs 59.14.

The formula grant from central to local government will however see 9.9 % cuts next year, followed by 7.3 % in 2012/13.

They have since U-turned on both the timing and the scale of the austerity measures; Cable claims he was persuaded of the case for deep and early cuts, «not by other politicians, but by talking to the most senior officials in the government and the central bank [who said] that we had to act».

The Association's top - slice cash - the money that comes directly from central government grant - was due to be cut by # 1.5 m in 2014 - 15.

By the end of this parliament, councils» funding from central government will have been cut by 33 By the end of this parliament, councils» funding from central government will have been cut by 33 by 33 %.

«Councils continue to face significant funding pressures, amid further cuts to funding by central government.

Whilst the frontline schools budget has been protected and policies such as the pupil premium allocate more funding to low income pupils, cuts to central services provided by local government will require schools to do more with less.