In his historical narrative, the game changers are mid-20th-century laws about collective - bargaining rights and mandatory dues: «The key to the spectacular
growth of public sector unions is that the laws changed.
This would reduce
the growth of public sector pension liabilities by hundreds of millions of pounds over the next decade.
In the 1970s and 1980s,
growth of the public sector (and its organization) accomplished the same.
Not exact matches
In its last assessment, S&P said that Portugal's outlook was stable, «balancing our expectation
of further budgetary consolidation and likely receding banking
sector risks over the next two years against the risks
of a weakening external
growth environment and vulnerabilities related to high private - and
public -
sector debt.»
There are some significant competitive advantages that should begin to accrue to the U.S. economy in the years to come - energy, manufacturing competitiveness and demographics - though the savings required to fund investment could be redirected to the
public sector if policymakers do not slow the
growth of mandatory spending.»
In the Doug Purvis Memorial Lecture, Governor Stephen S. Poloz shows how changing the mix
of monetary and fiscal policies can yield the same outcomes for
growth and inflation, but lead to different results for
public sector and private
sector debt levels, which can impact financial stability.
Recent government plans are aimed at putting Kuwait on track to a more diversified economy but, until then, the
public sector will remain the main driver
of growth.
The decline reflected a loss
of 74,000
public -
sector jobs, which was only partly offset by modest
growth in private -
sector employment and self - employment.
His understanding and connectivity in the GCC in both
public and private
sectors is unparalleled and uniquely positions him as an ideal expert in the examination and selection
of companies that are viable for
growth in the market.
The New York City area, with its many interest rate - sensitive industries, has prospered when decision - makers in the
public and private
sectors could have confidence that the Federal Reserve was committed to a rigorous set
of policies that promoted price stability, in a
growth - oriented economic environment.
Toronto, February 28, 2014 — Ontario Premier Kathleen Wynne today announced the creation
of the Advanced Energy Centre, a partnership between the
public and private
sectors and MaRS Discovery District that will drive economic
growth and sustainable job creation.
Ontario Premier Kathleen Wynne today announced the creation
of the Advanced Energy Centre, a partnership between the
public and private
sectors and MaRS Discovery District that will drive economic
growth and sustainable job creation.
Until the distribution
of income in the Chinese economy is substantially rebalanced,
growth will depend excessively on
public -
sector investment and related private -
sector investment.
All the
growth has been in services and in the government
sector, mainly at the state and local level in the case
of public employment.
1) Lower economic strength in light
of the diminished medium - term
growth outlook, constrained by foreign currency shortages, high inflation, lower
public sector spending and a weak banking system.
I wanted somebody with a proven track record
of helping small businesses succeed; somebody who had firsthand experience both in the private
sector and the
public sector who can work with us and work with me to increase
growth and expand opportunity.
The WPI measure
of public -
sector wage
growth, at 3.9 per cent in year - ended terms, remained higher than private -
sector growth, which stood at 3.4 per cent.
Having large organizations — both private and
public sector — active in an innovation ecosystem is a vital step for the
growth and maturation
of that ecosystem.
«The appointment
of Gail brings a rare combination
of experience in the financial services and technology
sectors, having worked in both non-executive and executive roles at leading
public and private
growth companies including Paypal, Macquarie, Eclipx, OneVue and Melbourne IT.»
Public markets are a huge untapped opportunity to finance the
growth of the blockchain
sector.
Subsidizing
public and private debtors at the expense
of savers is no formula for private
sector economic
growth and job creation.
Over the year to the March quarter,
growth in total assets
of managed funds has been strongest in the cash management and
public unit trust
sectors (Table 5).
Forward - looking data on new wage agreements also point to firm wages
growth, and suggest some narrowing
of the gap between
public and private
sector wage outcomes.
It appears that the extensive changes in the economy over the past decade — including a structural fall in the inflation rate, productivity - enhancing changes in the labour market, corporatisation and privatisation
of public -
sector enterprises and substantial falls in the barriers to international trade — have led to an improvement in Australia's underlying rate
of productivity
growth.
Official wage data also show ongoing strength in
public -
sector wage
growth and a significant rise in wage
growth in education: the WPI measure
of public -
sector wage
growth increased by 4.2 per cent over the year to December, almost 1 percentage point higher than the equivalent private -
sector wage series.
He said the government's efforts to boost spending by
public sector companies - which still dominate large areas
of the Indian economy - could help lift overall
growth.
There he says, one, that the shift from the concept
of «the State's role as providers
of equal opportunities to every citizen» to that
of providing education, health and other social services «to those who can afford to pay» is a U-turn in
public policy which «has been made surreptitiously by administrative action without
public discussion and legislative sanction»; two, that the total commercialization
of social
sectors is «alien even to free market societies»; and three, that «the ready acceptance
of self - financing concept in social
sectors alien even to free - market societies is the end result
of gradual disenchantment with the Kerala Model
of Development», which has been emphasizing the social dimension rather than the economic, but that it is quite false to present the situation as calling for a choice between social development and economic
growth.
Together with the top leadership
of the International Rice Research Institute (IRRI) and other
public and private
sector partners, MARD seeks the rapid and sustained
growth of the agriculture
sector, especially the rice subsector in which Vietnam is already a global leader.
«Not only will EPA actions to curb carbon pollution through the Clean Power Plan and new fuel standards combat climate change, they will encourage economic
growth, spur innovation in our energy
sector, and improve
public health for all
of our communities.»
The attrition
of the
public realm; the remorseless
growth of inequality; the social pathologies associated with its
growth; the humiliations suffered by those at the bottom
of the economic pile; the callous indifference
of those at the top; the penetration
of state institutions by corporate interests; the decline
of public trust; and, not least, the hubristic irresponsibility
of a sometimes criminal financial
sector — all the stigmata
of pre-crisis Britain — loom as large as they did before 2008.
Total credit to the private
sector and
public institutions recorded a
growth of 16.8 percent in September 2017,
of which the private
sector accounted for 87.9 percent.
Second,
public sector construction, which accounts for one - third
of total industry output, continues to constrain overall
growth.»
«This will exert yet more pressure on a jobs market that is buckling under the strains
of contractions in economic
growth and
public sector employment.
Mr Jackson: The hon. Lady will know that the markets have recognised that the fiscal consolidation that the Government had to put in place as part
of a policy
of growth in the private
sector and consolidation in the
public sector has resulted in a lessening
of the pressures in the gilt markets, with gilt yields down to 3.53 % since May last year, and every 1 % is # 1 billion
of interest payment.
This time, he's facing a crowded field
of Democratic challengers, and hoping to paint himself as the level - headed grown - up, with
public and private
sector experience and a play - it - safe agenda that stresses education,
public safety and economic
growth.
Michael Heseltine earned the ire
of his allies in the Tory party today, with a regional
growth review which was far more supportive
of the
public sector than ministers would have wanted.
Commenting on these latest figures, Noble Francis, Economics Director at the Construction Products Association said: «The construction industry is now firmly back in recession and, although there are some areas
of growth, such as private housing, the overall picture shows an industry clearly suffering from the effects
of public sector cuts.
Whilst these latest indicators reflect the scale
of government retrenchment in the
public sector, anaemic economic
growth, a beleaguered consumer
sector and the continuing reluctance
of financial institutions to increase their exposure to the built environment, are all restricting the private
sector recovery.
Besides, the former President said that lack
of synergy between the
public and the private
sectors was responsible for the setback in the nation's economy
growth.
It warns that the efficiency
of the
public sector needed to improve rapidly and insisted that «spending
growth will slow».
We believe the
public -
sector workers we represent, the governor's own workforce, should have the same expectation
of job
growth and stability as those workers in the private
sector.
«The chancellor's ambitious Budget for
growth needs to be coupled with an equally ambitious programme
of public sector reform.
Pledges designed to increase private
sector growth have been championed by Cameron and the coalition much
of late, but as Labour is keen to point out, this is at the expense
of falling
public sector budgets.
He and co-author Ben Jackson, an Oxford University lecturer, instead called on Mr Miliband to adopt a «patriotic, national
growth appeal» which does not simply focus on «a simple defence
of the
public sector and
public spending».
Nobel prize winning economists point out that an efficient
public sector working with a dynamic private
sector produces the highest rates
of economic
growth.
It is innovative stuff, a long way from Blairite themes
of competition and market reform
of the
public sector, and Brown's Treasury - based redistribution
of the proceeds
of growth by tax credit.
ALBANY — Gov. Andrew M. Cuomo has undertaken a statewide building boom using
public construction contracts to spur private -
sector job
growth that since 2011 has committed billions
of dollars in construction funds and tax breaks to companies.
Speaking at a Media Encounter on Wednesday as part
of his one - year stay in office at the Flagstaff House, the President, who spoke about the high unemployment figures leading to the thousands
of people applying for jobs in the
public sector, said the government is on a good course to stabilize the economy, enhance business
growth and subsequently create more jobs.
The budget is expected to focus on about 10 key areas including infrastructure, macroeconomic stability, job creation, agriculture, entrepreneurship, business
growth, creating a Ghana beyond aid, debt management, corruption,
public sector reforms among others, and a continuation
of the 2017 budget initiatives.
The President, who spoke about the high unemployment figures leading to the thousands
of people applying for jobs in the
public sector, said the government is on a good course to stabilize the economy, enhance business
growth and subsequently create more jobs.