Sentences with phrase «of national income»

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.

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

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

Large deficits today mean that the public debt will rise sharply as a percent 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.

This would take «total government spending to its lowest level as a proportion of national income since before the last war».

Improving achievement leads to a better prepared workforce and to greater growth, and this growth translates into higher levels of national income.

The top 0.1 per cent of households have increased their share of national income from 2 per cent in 1980 to almost 10 per cent today.

It's ensuring that in the future, the private sector generates a bigger and bigger part of national income and the government absorbs less.

Add part of the $ 90 billion in disaster relief, and the 2018 deficit could exceed $ 1 trillion, an absorbing an additional 1.7 points of national income.

By that time, the idea of a national income tax was being supported by moral arguments.

Here is a reminder of the shape of national incomes now: only 10 % of people earn more than # 40,000, to reach the top tax bracket.

Previous work shows that higher levels of education quality (as measured by international student achievement tests) increases growth rates of national income.

Corporate profits are claiming a larger share of national income than at any time in 60 years, while the portion of total income going to employees is near its lowest since 1966.

For the last three years the state has accounted for half of national income.

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.

An IMF report leaked to Reuters shows that Greece's public debt is likely to peak at 200 % of its national income within the next two years, with the risk that the actual outcome could be even worse.

That way, the declining share of national income going to the lower groups was masked economically, and ultimately politically.

-LSB-...] debt as proportion of national income by end of parliament».

Furthermore, we feel much more detail should be provided on the economic forecasts, including forecasts of the various components of national income and expenditure, and comparison to the private sector average, among others.

The Osborne plan (and the Coalition Agreement) called on Conservative and Liberal Democrat ministers to achieve a cyclically - adjusted target to reduce government debt as a share of national income between 2014 - 15 and 2015 - 16 and, politically and economically most significant, to do so by achieving a budget balance by the end of the Parliament.

«As the compactness index for a metropolitan area doubles, the likelihood that a child is born into the bottom fifth of national income distribution will reach the top firth by age 30 increases by 41 percent.»

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.

India, China and other developing nations have demanded that the wealthy countries be obligated to act based on their long histories of emitting and their capability to pay, and our short horizon polluter pays principle and use of national income as an indictor of capability address their concern.

Net net, corporations» share of national income ended up being fairly flat over that time period, which is why I did not highlight this in my article.

After analyzing federal income tax records for millions of Americans, and studying, for the first time, the direct relationship between a child's earnings and that of their parents, they determined that the chances of a child growing up at the bottom of the national income distribution to ever one day reach the top actually varies greatly by geography.

That's 107 % of the national income estimate projected by the CBO.

The aim was to create a circular flow model of national income distinguishing real wealth from mere overhead.

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.

The Mail asks when the government will get the message and finally abandon what it calls its ludicrous pledge to shovel 0.7 % of national income into this bottomless foreign pit when our own pensioners are denied vital social care.

It quotes Kuznets, who formulated the tools to measure GDP in the US, as saying that, «the welfare of a nation can... scarcely be inferred from a measurement of national income.»

Through the religious tax the nation protects itself from creating financial tyranny through the concentration of the bulk of the national income in the hands of a few individuals, or of the ruler who might claim it in the name of the state.

Many falsely contrived stories have appeared in recent weeks about huge gains in the proportion of national income taken by the top 1 percent of income earners (those earning about $ 328,000 or more per year).

It is difficult to find a clearly articulated case in Catholic social teaching for modern - style welfare states involving huge government intervention in the lives of families combined with enormous transfers totalling around a quarter of national income.

Angus Maddison's recent compilation of national income statistics worldwide, Monitoring the World Economy, 1820 - 1992, gives a way of measuring the generosity of the capitalist engine.

The bottom 10 % of the income distribution is about the same of national income in countries with the least economic freedom (2.5 %) as they do in the countries with the most economic freedom (2.6 %).

Shall we reduce the defense budget and use more of our national income to meet social needs at home like housing and medical care?

Debt won't start falling as a share of national income until 2016/17.

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.

Together these trends threaten to produce a society in which a relatively small section of the population comes to claim a larger share of national income through its (increasingly) concentrated ownership of (increasingly) inherited wealth.

Imagine a radically shrunken economy with 45 % of all national income reserved for the state and you've just scratched the surface of the Greens» economic vision.

The Labour government did reduce the national debt - as shown in the national accounts - as a share of national income at the end of the last century (although it's questionable whether most people would understand this to be the «last few years» of which Brown went on to speak).

Indeed, France and Germany spent over a third more than Britain of national income on health, during this period.

Corporate profits have commanded this large a share of national income only twice before: in 1929 and 2006.