Sentences with phrase «national income spent»

Also significant, according to the study, is the percentage of national income spent on health services.

In principle such a bill should have little problem being pushed through as the Conservative party has also pledged to meet the UN target of 0.7 % of national income spent on international aid, though a spokesman for Douglas Alexander, the international development secretary, claimed that the Tories would not back the draft bill.

The OBR projects that, as a result, the share of national income spent by the state will fall from almost 48pc of GDP in 2009 - 10 to 39.5 pc by 2017 - 18.

Not exact matches

Congress should enact new spending caps along the lines of the Budget Control Act, which helped to shrink outlays as a share of national income from 2013 to 2017.

The bill's main objective — capping future government spending on healthcare at rates that won't gobble up a bigger and bigger share of national income, as well as leaving more resources for investment and entrepreneurship — is exactly what government needs to do.

It's not just a New York problem: 1 in 5 millennial parents report spending 50 percent to 59 percent of income on housing, according to a 2016 report from the National Endowment for Financial Education and Parents magazine.

The lower the expected path of national income, the less favorable the distribution of that income is expected to be, and the greater the uncertainty over the mix of tax rates and benefits a person or business expects to pay and receive, the less they will spend or invest today.

Many Democrats claim the plan — which includes both corporate and income tax reform — favors only the top earners, while fiscal conservatives worry the tax cuts could dig the U.S. deeper into deficit spending and add to the already - mountainous national debt, requiring another showdown over raising the debt ceiling.

In the United States about 3 percent of national income is spent on imports; in Europe the proportion may rise to 20 or 25 percent.

In the last two months the overwhelming weight of the evidence supports this view, as the following indicators have either come in below expectations or suffered an actual downturn: core durable goods orders, the Chicago Fed National Activities Index, new home sales, existing home sales, payroll employment, the NFIB Small Business Index, construction spending, the ISM Non-Manufacturing Index, the Kansas City Fed Index, the Philadelphia Fed Survey, industrial production, the Empire State Manufacturing Index, the NAHB Housing Index, the ADP payrolls, auto sales, real disposable income and the GDP.

«disposable personal income», as reported by the BEA, is a total national figure for personal income after taxes, so comparing how individuals might spend that income in different parts of the country is not even considered by this report... the phrase may be poorly chosen, as might the phrase «personal income» itself, which includes not just wages and salaries, but also passive income from dividends, interest and rent, proprietor's income, and transfer payments such as social security... take all those forms of payments going to individuals, subtract out what's paid nationally in personal income taxes, and you have a national figure for «disposable personal income»

Close to one - in - five Canadians (17 %) believe that Canada spends more than the UN target of 0.7 per cent of gross national income on overseas development assistance.

Christian aid agencies have praised George Osborne's budget announcement which confirmed the UK will spend 0.7 % of its national income on aid this yea... More

When Rerum Novarum warned of the weight of taxes on families, Pope Leo XIII could never have dreamed that the state would spend half of national income.

However, we rarely hear an ethical critique of the whole principle of an all - embracing welfare state controlled by a government that spends nearly half of national income on it.

When the national income is shifted from the broad consumer base to the very wealthy, the broad consumer base has less to spend, so the economy lags.

Our commitment to ring - fence the budget of the Department for International Development, and meet the target of spending 0.7 % of Gross National Income by 2013 on foreign aid, are founded on our conviction that the issues of development, security and trade are intertwined.

Despite this, their detailed tax policies are a net giveaway of 0.1 % of national income, their detailed social security measures would only provide a tenth of the cuts that they have said they want to deliver, and their commitments on aid, the NHS and schools would (relative to a real freeze) increase spending on these areas by 0.3 % of national income.

We spend far less of our national income on health than countries like Germany and France, and this scandalous failure to invest is not without consequences.

It is why Britain is the only country in the G20 to spend 0.7 % of gross national income on overseas development.

It doesn't feature on the «scorecard» of spending commitments because the amount is relatively low, but it promises to bump local politicians» income by exempting them from having to pay income tax and national insurance contributions (NICs) on their costs getting to the local authority.

Moreover, ahead of the 2001 general election, it was widely reported that the Chancellor was planning to raise National Insurance contribution rates shortly after the election, in preference to raising Income Tax in order to fund increased NHS spending.

The government should drop its commitment to spending 0.7 % of gross national income on development aid, peers have said.

The Conservative party has committed itself to spending 0.7 per cent of Gross National Income on development by 2013.

My Ministers will invest in Britain's armed forces, honouring the military covenant and meeting the Nato commitment to spend 2 % of national income on defence.

The education cuts, the biggest in at least half a century, will reverse the increase in education spending as a proportion of national income that happened under Labour.

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.»

Assuming he hasn't had a change of heart and decided to row back on promises set out in the Conservative manifesto and the Coalition Agreement, the detail in the Red Book will confirm that the UK will meet its promise to spend 0.7 % of our national income on aid from next year.

Among the party's other policies: a # 50bn a year cut in spending, a 31 per cent flat rate of income tax, the abolition of national insurance, a five - year freeze on new immigrants settling in Britain, a ban on wearing the burka in public - and in some private — buildings, and boot camps for young offenders.

The Green Party condemned UKIP's proposal to cut aid spending from 0.7 % of national income to 0.2 %.

But ensuring that, over time, the state grows more slowly than the economy as a whole, so spending falls as a share of national income and we can reduce taxes and borrowing.

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.

Conservative enemies of development spending could unite to block a bid to force future governments to spend 0.7 % of gross national income (GNI) on aid.

Last week's Budget comes hot on the heels of the news that the coalition government's pledge to spend 0.7 % of the UK's national income as overseas aid has finally made it into law (pending royal sign - off).

First, Britain will become the first major economy to spend 0.7 % of national income on international development.

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.

My spending plans in the last parliament reduced the share of national income taken by the state from the unsustainable 45 % we inherited, to 40 % today.

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

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.

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.

International aid campaigners welcomed the prime minister's decision to include in his legislative agenda the international development spending draft bill, which will put the government's commitment to spend 0.7 % of national income on development from 2013 on to the statute books.

A Mail on Sunday petition calling for a Commons debate on Britain's commitment to spend 0.7 per of national income on foreign aid has got a staggering 150,000 plus signatures, only a week after its launch.

To those who say that we should continue in Labour's vein, simply patting ourselves on the back for getting money out of the door, I say this: Our commitment to reaching 0.7 % of national income on aid by 2013, and enshrining this in law, imposes an even greater duty on us, more than any other department in Whitehall to get value for money, to bear down on waste, and to ensure that aid secures 100 pence of value for every hard - earned British taxpayer's pound we spend.

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

In the summer a National Audit Office (NAO) report showed money was being wasted because civil servants were struggling to hit the legal requirement of spending 0.7 per cent of the nation's income on overseas aid.

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.

In an earlier newspaper interview with the Sun, she hinted at some domestic policy pledges, including potentially dropping the target of spending 0.7 % of national income on foreign aid and scrapping the triple lock on pensions.

He used the cover of the Lib Dems to press ahead with bold reforms at the heart of his modernising project: making gay marriage legal, introducing Free Schools, overhauling Britain's something - for - nothing benefits culture and — controversially — committing to spend 0.7 per cent of UK national income on foreign aid.

Should the government spend one - tenth, one - third or half of the 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.