Sentences with phrase «of oil revenue goes»

The law requires that 70 % of oil revenue goes into funding the country's annual budget, hence can not all be dedicated to one item as the president seeks to do.

Not exact matches

Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the shale oil and gas revolution continues to power investment, job creation and revenue growth.

Previously, it was oil revenue that dominated the budget, but the negative shock in the decline of oil revenue makes government to start thinking differently, and they should continue in this path, even if in future oil price goes up.

For instance, this year's benchmark for the federal budget is $ 42 but oil now goes for over $ 70 per barrel and instead of paying all the revenues to the Federation Account, the FG still operates an Excess Crude Oil Account contrary to the judgment of the Supreme Court and they spend such funds without recourse to appropriate authorities,» he saoil now goes for over $ 70 per barrel and instead of paying all the revenues to the Federation Account, the FG still operates an Excess Crude Oil Account contrary to the judgment of the Supreme Court and they spend such funds without recourse to appropriate authorities,» he saOil Account contrary to the judgment of the Supreme Court and they spend such funds without recourse to appropriate authorities,» he said.

President Nana Addo Dankwa Akufo - Addo says the use of some of the country's oil revenues to fund the Free Senior High School policy, which is guaranteeing all Ghanaian school - going school access to senior high school education, is most appropriate.

The President of the Republic, Nana Addo Dankwa Akufo - Addo, says his government is going to use oil revenues to create...

The President of the Republic, Nana Addo Dankwa Akufo - Addo, says his government is going to use oil revenues to create assets for the country, and not waste it on consumption.

This is because the Nana Addo administration has said revenue from oil and gas, as well as earnings from other mineral resources, will go into funding the policy, which is expected to eat up some 400 million Ghana cedis in its first year of implementation.

With Ghana's debt levels at almost 60 % of GDP and interest payments in 2014 amounting to more than four times Ghana's oil revenue for the year, it is not clear how adding to the debt burden is going to get us out of the current crisis.

«Their biggest source of revenue is exporting oil, and a lot of that goes into the United States.»

$ 8 billion) over first ten years for deficit reductionObeys PAYGO; Starting in 2026, 25 % of auction revenues for deficit reductionFuels and TransportationIncrease biofuels to 60 million gallons by 2030, low - carbon fuel standard of 10 % by 2010, 1 million plug» in hybrid cars by 2025, raise fuel economy standards, smart growth funding, end oil subsidies, promote natural gas drilling, enhanced oil recoverySmart growth funding, plug - in hybrids, raise fuel economy standards $ 7 billion a year for smart growth funding, plug - in hybrids, natural gas vehicles, raise fuel economy standards; offshore drilling with revenue sharing and oil spill veto, natural gas fracking disclosureCost ContainmentInternational offsetsOffset pool, banking and borrowing flexibility, soft price collar using permit reserve auction at $ 28 per ton going to 60 % above three - year - average market price» Hard» price collar between $ 12 and $ 25 per ton, floor increases at 3 % + CPI, ceiling at 5 % + CPI, plus permit reserve auction, offsets like W - MClean Air Act And StatesNot discussedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade suspended until 2017, EPA to set stationary source performance standards in 2016, some Clean Air Act provisions excludedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade pre-empted, establishes coal - fired plant performance standards, some Clean Air Act provisions excludedInternational CompetitivenessTax incentives for domestic auto industryFree allowances for trade - exposed industries, 2020 carbon tariff on importsCarbon tariff on importsReferences: Barack Obama, 2007; Barack Obama, 8/3/08; Pew Center, 6/26/09; leaked drafts of American Power Act, 5/11/10.

Oil and gas revenues counted for as much as 41 percent of the state's budget in 1981, and when the industry faltered the state nearly went bankrupt.

So, as time goes on we're probably going to feel it even more, directly in terms of the royalty revenues from oil from our provincial government.

This was all the brain child of the enterprising Sheickh Maktoum and his family who realised that oil reserves were one day going to run out and a new revenue stream would be needed to fund the future of Dubai.

That means that redirecting a portion of those revenues — say $ 2 billion over ten years — from existing areas open to oil and gas production is actually going to be scored by CBO as deficit enhancing, rather than deficit neutral as the president has been portraying this.

The very obvious subtext reads: We're happy to work with politically repressive states with lots of oil revenue on commercial legal information but in no way are we going to threaten perceived future revenues by actually publishing legal information that might relate for example to Women's Rights, The Rights Of Religious Minorities, The Rights Of Foreign Workers, Family Law and so on and so fortof oil revenue on commercial legal information but in no way are we going to threaten perceived future revenues by actually publishing legal information that might relate for example to Women's Rights, The Rights Of Religious Minorities, The Rights Of Foreign Workers, Family Law and so on and so fortOf Religious Minorities, The Rights Of Foreign Workers, Family Law and so on and so fortOf Foreign Workers, Family Law and so on and so forth.