Sentences with phrase «for by central government»

Free schools are independent and paid for by central government, not local authorities as with other state schools.

Not exact matches

Derivatives trading is the culmination of a wild year for bitcoin, which captured imaginations and investment around the world, propelled by its stratospheric gains, and its anti-establishment mission as a currency without the backing of a government or a central bank, and a payment system without a reliance on banks.

Unlike modern fiat money, Bitcoin, which has often been called «cash for the Internet,» is not controlled or backed by any bank or central government authority, like the Federal Reserve, for example.

For starters, here's an overly simplified explanation of Bitcoin: It's a digital currency (there are more than 800 now) that isn't controlled by a central authority such as a government or bank.

A government plan to push for an upper limit of 5,000 euros to cash payments was met with fierce resistance two years ago, including by the country's own central bank.

Yields in the $ 14 trillion market for U.S. government debt touched record lows in 2016, driven by years of aggressive central bank intervention in the wake of the 2008 - 2009 financial crisis to keep interest rates low to stimulate the economy.

The tense negotiations over Greece's debt come as the Greek government struggles to find a consensus to pass the budget reforms demanded by its so - called troika of lenders — the European Central Bank, European Union and International Monetary Fund — in exchange for releasing the next installment of bailout money, a 30 billion euro ($ 38.3 billion) payout scheduled to be released in March.

In a similar spirit, European Central Bank President Mario Draghi is now calling for a «growth pact» to replace the «fiscal pact» demanded by Angela Merkel's government in Germany.

According to this June's Financial Times «Expenditure by local and central governments in China jumped nearly 25 per cent from the same month a year earlier, a sharp acceleration from the 9.6 per cent growth registered in the first four months of the year, according to figures released by the finance ministry,» and HSBC's Flash PMI index suggests for the first time in six months that there has been an expansion in manufacturing, although the flash index is, of course, preliminary and may be revised.

He also said, «I only wish by the way that all components within the European system of central banks displayed the same degree of respect for the independence of the ECB as heads of governments do.»

Suppose the quantity of money is increased by tax reduction or government transfer payments, government expenditures remaining unchanged and the resulting deficit being financed by borrowing from the central bank or simply printing money [he adds a footnote, which Friedman lifted without direct attribution: «Open market operations are different, because they result merely in a substitution of one type of asset for another.»]»

«I expect protracted negotiations as the international organizations will ask for more than amending the central bank law,» Daniel Bebesy, who helps oversee $ 1.5 billion mostly in Hungarian government bonds at Budapest Fund Management, said by phone today.

In surging, gold blurted out the Deep State Central Planners» strategy for dealing with the Great Financial Crisis: the hyperinflation of bond, equities and real estate prices via the hyperinflation of both official and totally clandestine, off - the - books money supply, in order to create the hyperinflation of tax revenues desperately required by the government to forestall its fiscal collapse.

It is hard to deny the demand for a private currency that can not be manipulated by a government or central bank.

Despite the fact that all the central banks have been woefully wrong about nearly every single forecast they have made on GDP growth, inflation and labor markets for decades, they enjoy an aura of infallibility which would be the envy of any medieval Pope because they succeeded in doing what governments by themselves were unable to do in 2008 - 9, namely stop and reverse the financial crisis.

While mortgage lenders have tightened their wallets since 2008, corporations have been borrowing with abandon, abetted by trillions of dollars in central bank liquidity and investors searching for yield they can no longer find in government bonds or money markets.

For many people, even though their country's economy may be considered stable by generic measures mostly touted by central banks and governments, their personal economies are instable.

Net foreign assets held by Saudi Arabia's central bank fell below $ 600 billion in January for the first time since July 2012 as the government of the world's largest oil Continue Reading

The regulation, which could bring around 400 million euros ($ 546 million) to the state coffers based on total deposits worth 1.4 trillion euros, had been tipped as a possible sweetener for the regions days after tough deficit limits for this year and next were set by the central government.

The GST has been hailed a «revolutionary» reform for the country's tax regime, replacing multiple cascading taxes levied by the central and state governments with an indirect levy.

By the mid 1990s, then, the consensus seemed to be that the right regime was some sort of inflation target agreed between a government and the central bank (if not set out in legislation), operational independence for the central bank in pursuing the target, and a system of communication and accountability.

Think about this for a moment: the U.S. dollar is backed by a Government and Central Bank, both of which are technically bankrupt.

The past several years have featured little more than a gigantic asset swap, the short description being that massive volumes of government debt have been swapped by central banks for massive volumes of idle bank reserves, while massive volumes of low - yielding, covenant - lite debt have been issued into the hands of yield - seeking investors, in order to retire massive volumes of corporate equities at elevated valuations through buybacks.

The European Central Bank on Thursday delivered basically what the market expected for QE: 60 billion euros of purchases per month directed at investment - grade - rated government and agency debt and with a total size, considering the contemplated end date by September 2016, of around one trillion euros.

Cryptocurrencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not currently backed nor supported by any government or central bank.

By reserving 23 percent of all central and state government jobs for Scheduled Castes and Tribes, with comparable reservations for school and university admissions across the country, India paved the way for improving dalits» professional and educational opportunities.

For example, many of them are likely unaware that the largest Protestant denomination in America, Southern Baptists, can not even tolerate a centralized church government, much less a central government controlled by the church.

They also often reject any role for governments in addressing social - economic problems, such as unemployment or the low wages earned by workers who are trapped in unskilled occupations or isolated in central cities, where financial and physical infrastructures are inadequate and social networks are weak.

For some reason the same Christians are ENRAGED at the idea of government even trying to feed the hungry, shelter the homeless, cloth the ragged and care for the orphan are central to Christian beliefs (even though they were commanded by Christ himselFor some reason the same Christians are ENRAGED at the idea of government even trying to feed the hungry, shelter the homeless, cloth the ragged and care for the orphan are central to Christian beliefs (even though they were commanded by Christ himselfor the orphan are central to Christian beliefs (even though they were commanded by Christ himself).

i do think the voting process for where to host the tourneys can be altered, so that there are specific monies that must be given unto governments at local levels rather than just a pile of money to the central government to be absorbed by pocket after pocket all the way down the chain with nothing to show for it other than a bunch of new cars in the pocketed ones driveways (or whatever).

Because we know that equality for women requires fathers to play an equal part in childrearing — indeed one of the key policy outcomes desired by many governments including in the UK (and central to the government's current proposals) is increased take - up of parenting leave and pay by fathers.

The organisation, in a report signed by its Director General, Dr Nwambu Gabriel and made available to journalists in Osogbo on Friday commended INEC for being proactive in the distribution of sensitive and nonsensitive election materials from the Central Bank of Nigeria in Osogbo to all the units in the 10 Local Governments Areas that constitute the senatorial district.

Chair David Hutchinson said: «We welcome the author's innovative idea of a Major Road Network and believe it merits serious consideration by central and local government and by the bodies responsible for planning and operating our important highways.»

The final, and in some ways most damning, objection to the proposed new Government arrangement for Greater Manchester is that it is being imposed by central government dictat, accepted by a local political elite who have chosen to compromise on this in order to get the devolution of powers and resources tGovernment arrangement for Greater Manchester is that it is being imposed by central government dictat, accepted by a local political elite who have chosen to compromise on this in order to get the devolution of powers and resources tgovernment dictat, accepted by a local political elite who have chosen to compromise on this in order to get the devolution of powers and resources they crave.

In this article, he presents arguments in support of money creation by cooperation between central banks and governments that bypasses private banks and instead is directed straight into the economy — a process that has been term «quantitative easing for the people».

With nearly 50 years experience of working with communities, we are widening our client base by providing engagement strategies for the private sector and local government, alongside our work for central government.

According to the prepared document cited by The Guardian «The [Greek] government commits to consult and agree with the European commission, the European Central Bank and the International Monetary Fund on all actions relevant for the achievement of the objectives of the memorandum of understanding before these are finalised and legally adopted.»

However, there is also provision for a «Ministerial veto», whereby the Information Commissioner's notice can be overridden, in respect of requests relating to central Government departments and the Welsh National Assembly, by a certificate signed by a Cabinet Minister, or the Welsh or Northern Irish First Minister.

Statistics on handling of requests for information under the Freedom of Information Act by 43 central government bodies, including all major departments of state.

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».

Political interests should not also be the yardstick for breaking the rule on the joint account and usurping the functions of local governments by depriving them of their due share from central pool.

The amount, according to court papers in Lagos, represents the shortfall of the money paid by the multinational oil firm in the account of the Nigerian government with Central Bank of Nigeria, for crude oil lifted in 2013 and 2014.

A recent survey of 97 sovereign investors — which include sovereign wealth funds, state pension funds, central banks and government ministries collectively holding # 9 trillion of assets - by Invesco found they see the UK as a less attractive destination for investment.

The Member of Parliament for Bawku Central is reported to have said that the newly launched digital property addressing system is not the first of its kind in Ghana in four decades as has been declared by the Akufo - Addo led government.

One of the most disturbing political news stories of the year had to be the takeover of Tower Hamlets council by central government after the spectacular conviction by an electoral court of the Mayor of Tower Hamlets, Lutfur Rahman, for electoral fraud.

Jenny Willott, MP for Cardiff Central, has welcomed the UK Government's response to a report on cross border road and rail links between England and Wales by the Welsh Affairs Committee.

Jenny Willott, Liberal Democrat MP for Cardiff Central, has welcomed today's launch by the Government of proposals for an Energy Savings Opportunity Scheme (ESOS) for public consultation.

President Buhari, while thanking God for the good rains, the successful efforts of the Minister of Agriculture, Audu Ogbeh, an indigene of Benue State, whom he described as «a great asset in my government,» said his administration would continue to empower farmers with loans by the Central Bank of Nigeria.

Hawkins said Central New York needs a metropolitan government, and called for a «federated model» instead of the «partial metro» model proposed by Consensus.

Plaid Cymru, Conservative and Liberal Democrat politicians demanded this funding be made available solely from central government in addition to the block grant already paid to the Welsh Assembly by the UK Treasury, and the chief reporter for Wales on Sunday newspaper Martin Shipton stood as a single - issue candidate demanding «Match Funding now».